The global cider market size was valued at $14,570.3 million in 2020 and is projected to reach $26,211.2 million by 2031, registering a CAGR of 5.0% from 2022 to 2031.
Cider is a low alcohol drink produced by partial or complete fermentation of apple juices, pear juices, and other fruit juices. The alcoholic content of the beverage ranges from 1.2% to 8.5% alcohol by volume (ABV). Moreover, ciders can be still or carbonated based upon secondary fermentation and carbon dioxide injection. Currently, the market registers the highest growth rates as compared to other alcoholic drinks in different regions, globally.
According to global cider market analysis, the global market is segmented based on type, distribution channel, packaging, and region. On the basis of type, the market is classified into apple flavored, fruit flavored, and perry. On the basis of packaging, the market is segmented into draught, cans, glass bottles, plastic bottles, and others. On the basis of distribution channel, it is categorized into on-trade and off-trade. The off-trade segment is further divided into supermarkets & hypermarkets, specialist retailers, convenience stores, and others, on global level. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Vehicle Type
Watercraft is projected as the most lucrative segments
The fruit flavored segment is the most lucrative in the global cider market, owing to the varieties available and innovations done by different manufacturers to attract customers. Moreover, people are concerned about their health and prefer low alcohol & gluten-free beverages, which augments the demand for cider in the global market. In addition, the presence of various popular brands such as Kopparberg, Woodchuck, and Angry Orchard boosts the expansion of premium quality cider. The market is more concentrated in Europe and grows rapidly in North America. Developing regions of Asia-Pacific and LAMEA are anticipated to provide great opportunities to the market during the forecast period.
By Component
Services is projected as the most lucrative segments
Cider is either supplied on draft to on-trade distribution channels or packaged in cans or bottles of six packs, four packs, and singles for sale in different off-trade distribution channels. The different cider packaging considered in this report include draught, cans, glass bottles, plastic bottles, and others, majorly including bag in box. The trend for craft branding and quality drinks supports the expansion of can ciders. Moreover, cans cool down faster as compared to glass and are infinitely recyclable, which supports sustainable growth of the market.
By Communication Technology
GNSS is projected as the most lucrative segments
Consumers purchase cider by two channels, that is, on-trade, including bars, pubs, and restaurants for immediate consumption and as off-trade, including supermarkets & hypermarkets, specialist retailers, convenience stores, and others for residential consumption. The on-trade distribution channel grows at the highest rate, owing to the increase in pubs & bars and the rise in disposable income of emerging economies.
By Industry
Retail is projected as the most lucrative segments
Region wise, Europe dominated the market with largest cider market share during the forecast period. Ciders and its different varieties are the most common alcoholic drinks in Europe, especially in the UK. The preference of different flavors of ciders changes with different geographical locations. However, most of the countries in Europe have a colder climate, which makes the consumption of alcoholic beverages a common trend. The changes in the structure of the market have led to proliferation of a large number of microbreweries, which has fulfilled the demand for craft ciders rather than the mass-produced counterparts. Some of the common ciders in different European countries include Cidre (Bouché), Apfelwein, Sidra, Flavoured Cidre, Perry, and other flavored as well as traditional counterparts
In alcoholic beverages, consumers are increasingly valuing tradition, quality and innovation. The increase in demand for premium spirits due to the rise in per capita income and alcohol consumption as a status symbol are major factors that are expected to drive the growth of the market during the forecast period.
The major players analyzed for the cider industry are Anheuser-Busch Companies LLC, Asahi Premium Beverages, Aston Manor, C&C Group plc, Carlsberg Breweries A/S, Carlton & United Breweries (CUB), Distell, Halewood, Heineken UK Limited, and The Boston Beer Company.
By Region
Asia-Pacific would exhibit the highest CAGR of 12.1% during 2021-2030.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current cider market trends, estimations, and dynamics from 2020 to 2031 to assist to identify the prevailing cider market opportunities.
- Major countries in each region are mapped according to the individual market revenue.
- The region-wise and country-wise market conditions are comprehensively analyzed.
- This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
- An in-depth analysis of each segment of the market is provided to assist the prevailing market opportunities.
Cider Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Distribution Channel |
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 By Packaging |
|
 By Region |
|
 Key Market Players | DISTELL GROUP LIMITED, BRANNLAND CIDER, ANHEUSER-BUSCH INBEV, HALEWOOD INTERNATIONAL HOLDINGS PLC, C&C GROUP PLC, THE BOSTON BEER COMPANY, INC., ASTON MANOR BREWERY COMPANY LIMITED, HEINEKEN HOLDING NV, MOLSON COORS BREWING COMPANY, CARLSBERG BREWERIES A/S |
Analyst Review
In accordance with the insights of the CXOs of leading companies, the fleet management market indicates positive growth in the near future. The current business scenario has witnessed an upsurge in the adoption of novel technology in developed as well as developing regions. Market players have adopted technological tools such as GPS tracking devices, route optimization, and driver management support & communication that allow the monitoring & control of fleets in charge of cargo transportation. Moreover, it ensures the smooth operation of vehicular assets by reducing maneuver costs, improving operational performance, and ensuring proper compliance to manage, organize, and coordinate fleet operations.
According to insights gathered from primary sources, the significant adoption of fleet management is observed in various industries such as government, transportation, education, construction, retail, oil & gas, and others. Meanwhile, the implementation of telematics & fleet management apps enhanced the fleet operations through major compensations such as enhanced performance & productivity, improved customer assistance, and accuracy in driver & vehicle management. Moreover, the board of directors of Bridgestone Americas signed an agreement with Azuga Holdings, Inc., a fleet management platform to offer comprehensive solutions such as real-time vehicle operations insights & data analytics to improve safety, efficiency, and enhance customer services.
In 2020, Tata Motors announced the launch of Tata Motors Fleet Edge – a next-generation connected vehicle solution to access a large amount of data generated by the Telematics Control Unit (TCU) & offers real-time insights for vehicle tracking, driver’s behavior, and real-time fuel efficiency for fleet owners & managers to make informed decisions.
Factors such as rising concerns about fleet safety, mandatory government regulations towards vehicle maintenance & tracking, need for operational competency in fleet management, and increase in the adoption of wireless technology, owing to their low cost & availability supplement the market's growth across the globe. However, factors such as cost sensitivity among local players and lack of uninterrupted & seamless internet connectivity hamper the market's growth around the world. Moreover, factors such as the development of transportation in the logistics industry, the adoption of intelligent transport systems, and the strengthening of communication networks create ample opportunities for the market's growth during the forecast period.
Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period, owing to increased inclination for fleet management & tracking across the region.
Fleet management holds a majority of market share in 2020 and is projected to grow at a CAGR of 10.6% during the forecast period.
Fleet managemenbt helps in tracking the transportation & vehicles thus finding its application in logistics industry.
The report sample for global fleet management market report can be obtained on demand from the website.
Online data accessibility is the digital transformation in fleet management industry.
Different types of fleet management are there such as logistics, retail, automotive, transportation and others which are mentioned in the research study.
The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
Increased inclination towards the adoption of commercial vehicles across different industries creates ample opportunities for fleet management market.
Introduction of IoT & satellite based services are the recent developments in fleet management market.
Introduction of IoT & satellite based services are the upcoming trends in fleet management market in the world.
Companies such as Verizon, TomTom International, IBM are the leaders in fleet management industry.
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