Market Size of Cider Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.63 Billion liters |
| Market Volume (2029) | 2.13 Billion liters |
| CAGR (2024 - 2029) | 5.37 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cider Market Analysis
The Cider Market size is estimated at 1.63 Billion liters in 2024, and is expected to reach 2.13 Billion liters by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).
- Factors, such as increasing demand for alcoholic beverages, rising income of consumers, and the number of associations focused on disseminating information about different beverages, are expected to drive the cider market's growth.
- Companies in the market are observed to come up with new product innovations in terms of flavor and sophistication. For instance, in March 2019, Diageo launched Rockshore Apple Cider, in the group's attempt to gain a foothold in the Irish cider market.
- However, awareness about cider remains negligible across much of the world, especially in Asia, thereby presenting a major opportunity for producers, many of which are working to widen their international presence and raise product awareness across markets.
