Latin America Cider Market is expected to be USD 0.43 billion by 2024 to reach 0.53 billion By 2029. growing at a CAGR of 4.39% in the given forecast period from 2024 to 2029.
Ciders are available in a bunch of flavours and are also classified from dry to sweet. Their appearance ranges from cloudy with sediment with even a crystal clear version. The colour changes are due to the differences in fermentation processes and also due to the choice of apples. Modern-day ciders are very similar to sparkling wines in appearance although the traditional varieties are still produced and then tend to be darker. Cider is a type of alcoholic beverage based on the fermented juice of apples. The variety of apple best suited for making it is the aptly named cider apple though other types of apples work as well. Cider alcohol content varies from 1.2% to 8.5% or more in traditional English ciders, and 3.5% to 12% in continental ciders. The growth of the cider market is mainly driven by innovative new flavours and appealing marketing strategies. Manufacturers are trying to create a market for ciders as a healthier alternative to other alcoholic beverages. The packaging of cider is also an important driver with bottles of different sizes and shapes being introduced to attract customers. Consumers are also moving away from conventional beverages and are willing to try out new products and this is yet another driver for the market. As for the restraints in the market, the cultural differences play a major role in hindering its consumption and most people still consider it as an apple drink rather than an alcoholic beverage.
This Research Report on Latin America Cider Market is segmented, and sub segmented into following categories.
Latin America Cider Market By Type
Latin America Cider Market By Distribution Channels
Latin America Cider Market By Region
Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
KEY PLAYERS IN LATIN AMERICA CIDER MARKET
Key Players In Latin America Cider Market Are Aston Manor Brewery, C&C Group Plc, Carlberg A/S, Distell Group, Halewood International Holdings Plc, Heineken UK Ltd, SABMiller Plc, Carlton & United Breweries Limited, The Boston Beer Company Inc.
Frequently Asked Questions
Factors such as changing consumer preferences towards premium and craft beverages, the influence of western drinking cultures, and the rising demand for gluten-free and low-alcohol beverages are among the key drivers of market growth.
Yes, several trends are shaping the market including the introduction of innovative cider flavors, the rise of craft cider producers, the expansion of premium and artisanal cider segments, and the increasing popularity of cider as a versatile beverage for different occasions.
Challenges may include limited awareness and consumer education about cider compared to other alcoholic beverages, competition from beer and wine, and regulatory hurdles related to alcohol production and distribution.
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