Growing Popularity Drives Cider Market Growth

Cider Market is estimated to grow at the CAGR of 3.5%. Growing popularity of alcoholic drinks, increasing number of pubs & bars across the globe are the key drivers of this market. However, increase in urbanization and globalization has increased the popularity of cider. Furthermore, women population prefer ciders, as ciders are sweeter and fruity in taste, this refreshing taste of cider is anticipated to drive the market during the forecasted period.

Demand for Spirits to Witness Rapid Surge

Spirit, also known as distilled beverage, is an alcoholic beverage manufactured by distillation (process of separating component substances from a liquid mixture by using process of vaporization and condensation) of a mixture produced from alcoholic fermentation. Distillation process is used to purify the mixture and to remove diluting components like water from the mixture for the purpose of increasing its proportion of alcohol content (alcohol by volume (ABV)). 

Cider Packaging Market to Witness Outstanding Growth

Cider is an alcoholic beverage made from fermented juice of apples. Cider beverage is made up of cider apples which is mostly produced in U.S.  There is great demand of innovation in packaging of cider in market. The growth of hard cider has been driven largely by the highly coveted millennial generation. Market is mainly driven by increased disposable income and demand for innovative packaging product and safe packaging.