Introduction
Cider, a popular alcoholic beverage made from fermented apple juice, has seen a surge in demand in recent years. As consumer preferences shift towards healthier and more natural products, cider has gained popularity as a refreshing alternative to beer and wine. In this report, we will analyze the top 10 cider markets with the fastest growth expected by 2025.
United States
Market Size and Growth
The United States is one of the largest cider markets globally, with a market size of over $1.5 billion in 2020. The market is expected to grow at a CAGR of 10% from 2020 to 2025, driven by increasing consumer interest in craft and flavored ciders.
Key Players
Some of the key players in the US cider market include Angry Orchard, Woodchuck Hard Cider, and Strongbow. These companies have been investing in new product development and marketing to capitalize on the growing demand for cider.
United Kingdom
Market Size and Growth
The United Kingdom is another significant cider market, with a market size of around $2 billion in 2020. The market is expected to grow at a CAGR of 8% from 2020 to 2025, fueled by the popularity of traditional British ciders and the trend towards premium and craft offerings.
Key Players
Some of the leading cider brands in the UK include Strongbow, Bulmers, and Thatchers. These companies have been focusing on expanding their product portfolios to cater to changing consumer preferences.
Germany
Market Size and Growth
Germany is a growing cider market, with a market size of over $500 million in 2020. The market is expected to grow at a CAGR of 12% from 2020 to 2025, driven by increasing consumer awareness of cider as a gluten-free and low-alcohol alternative.
Key Players
Some of the prominent cider brands in Germany include Possmann, Bembel-With-Care, and Apfelwein Wagner. These companies have been focusing on innovative packaging and marketing strategies to attract a younger demographic.
France
Market Size and Growth
France is a key cider market in Europe, with a market size of around $400 million in 2020. The market is expected to grow at a CAGR of 15% from 2020 to 2025, driven by the increasing popularity of cider as a versatile beverage for food pairing.
Key Players
Some of the leading cider producers in France include Ecusson, Loïc Raison, and Cidrerie Kerisac. These companies have been leveraging their heritage and tradition to differentiate their products in a competitive market.
Australia
Market Size and Growth
Australia is a growing cider market, with a market size of over $300 million in 2020. The market is expected to grow at a CAGR of 10% from 2020 to 2025, driven by the increasing demand for premium and craft ciders.
Key Players
Some of the prominent cider brands in Australia include Strongbow, Somersby, and Bulmers. These companies have been focusing on launching new flavors and variants to cater to evolving consumer tastes.
Spain
Market Size and Growth
Spain is an emerging cider market, with a market size of around $200 million in 2020. The market is expected to grow at a CAGR of 20% from 2020 to 2025, driven by the increasing popularity of cider as a social and festive beverage.
Key Players
Some of the leading cider brands in Spain include El Gaitero, Maeloc, and Mayador. These companies have been focusing on product innovation and experiential marketing to engage consumers and drive sales.
Canada
Market Size and Growth
Canada is a growing cider market, with a market size of over $150 million in 2020. The market is expected to grow at a CAGR of 12% from 2020 to 2025, driven by the increasing demand for locally-produced and artisanal ciders.
Key Players
Some of the prominent cider brands in Canada include Strongbow, Brickworks Ciderhouse, and Collective Arts. These companies have been focusing on sustainability and transparency in their production processes to appeal to eco-conscious consumers.
China
Market Size and Growth
China is a fast-growing cider market, with a market size of over $100 million in 2020. The market is expected to grow at a CAGR of 25% from 2020 to 2025, driven by the increasing adoption of Western drinking habits and the popularity of cider among young urban consumers.
Key Players
Some of the leading cider brands in China include Tsingtao Cider, Strongbow, and Somersby. These companies have been investing in marketing and distribution to capitalize on the growing cider trend in the Chinese market.
Sweden
Market Size and Growth
Sweden is a growing cider market, with a market size of around $80 million in 2020. The market is expected to grow at a CAGR of 18% from 2020 to 2025, driven by the increasing demand for low-alcohol and fruit-flavored ciders.
Key Players
Some of the prominent cider brands in Sweden include Kopparberg, Rekorderlig, and Herrljunga. These companies have been focusing on expanding their distribution networks and launching innovative marketing campaigns to reach a wider audience.
Conclusion
In conclusion, the global cider market is experiencing significant growth, with several markets showing rapid expansion and promising opportunities for cider producers. By understanding the key trends and players in these top 10 cider markets with the fastest growth in 2025, cider companies can position themselves for success and capitalize on the growing consumer demand for this popular beverage.
