Market Research Future published a Half Cooked Research Report (HCRR) on the Global Craft Cider Market which is estimated to grow at a CAGR 9.2 during the forecast period 2017-2023
The Major Key Players in Craft Cider Market are
- POLABSKÝ MOŠT S.R.O. (Europe)
- Molson Coors Brewing Company (U.S.)
- Rekorderlig (Sweden)
- Citizen Cider (U.S.)
- California Cider Company (U.S.)
- Angry Orchard Cider Company, LLC (U.S)
- Ardiel Cider House (Canada)
The demand for Craft Cider has pushed manufacturers to innovate and develop new product line which are better in taste and offers various health benefits.
The global craft cider market is estimated to be driven by the growing cognizance of varieties such as dry cider, sweet cider, sparkling cider, still cider and others. Non-carbonated and non-pasteurized products are only used in making of craft ciders which is considered to be one of the major driving force for this market. Augmented awareness about the ciders has raised the quality bar and in turn, craft cider market share on a global level. Mass market dispersion is forcing to introduce new products and their retail across various regions. More focus on Research & Development has led to inventions in the product line which has fueled up the market share of craft cider in global market. High benefits obtained from fresh and natural ingredients are also supporting the sale of craft cider globally. Wide range of flavors which are suitable for coeliac and are vegan in nature, are evaluated to hold a major share thereby inviting bar, pub, restaurant operator and consumers towards the product line. Additionally, the progression in product development tied with the technological advancements is considered to be one of the significant reasons for the increasing growth of craft cider market during the review period of 2017-2023.
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Downstream Market Analysis
Globalization and urbanization are major driving forces for this market. Furthermore, popularity of ciders and usage of natural ingredients in the production are also encouraging the growth of the market. Rising demand of fresh and natural products, is expected to play a significant role in the growth of craft cider market during the forecast period. Additionally, the Enhancement in product development coupled with the technological advancements is considered to be one of the significant reasons for the increasing growth of craft cider market during the review period of 2017-2023. Additionally, craft cider varieties are so much on a rise in U.S. that they are consumed more than wine.
Craft cider is an old traditional drink, traditionally prepared in small lots. It is manufactured naturally from fresh fruits and pressed fruit juices. It is neither carbonated nor pasteurized. Use of sugar as a fermentation aid is minimized, and if some is used, then it is table sugar. Use of additives are prohibited in making of craft cider, besides yeast, sorbates, any spices or juices or hops and others. It may be varying from batch to batch and is generally available locally as well as regionally.
Global craft cider market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North American region has the major market share followed by Europe. Increased production of craft cider in U.S. is exploding, with new ciders popping every week generating higher revenue for the North American region, during the given forecast period. Changing consumer preferences for natural and fresh products will support the sale of craft cider in various region during the forecast period. Craft ciders are so much on the rise in U.S. that they are consumed more than wine. However, North American region is estimated to witness a maximum growth in the global craft cider market during the forecast period of 2017-2023.
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- Craft Cider Manufacturers
- Agriculture Industry
- Retailers, Wholesalers
- E-commerce Companies
- Traders, Importers and Exporters
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