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Report Says Cider Market Size Worth $5.37 Billion by 2025

By July 30, 2019Top News

The global cider market size is expected to reach $5.37 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 3.1% during the forecast period. In terms of revenue, still cider product is projected to ascend at a CAGR of 3.3% over the forecast years. Sparkling cider led the global market with an overall volume share of over 33.05% in 2018. Europe led with a market share of 37.76% in terms of revenue in 2018. The market is anticipated to witness growth owing to the increasing consumption of apple cider in the U.S., India and China. The main players include SABMiller Plc, Heineken N.V., Halewood Wines & Spirits, among others, with various manufacturers concentrating on new product launches, stressing inclusion of fruit flavor and ingredients.

 

 

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