Cider, Perry & Rice Wine - Belgium

The Cider, Perry & Rice Wine market in Belgium has been experiencing significant growth in recent years. Customer preferences have shifted towards these types of alcoholic beverages, leading to an increase in demand. This trend can be attributed to several factors, including changing consumer tastes and preferences, as well as the influence of global market trends.

Customer preferences: Belgian consumers have shown a growing interest in alternative alcoholic beverages, such as cider, perry, and rice wine. This shift in preferences can be attributed to a desire for new and unique flavors, as well as a growing interest in healthier and more natural products. Cider, perry, and rice wine offer a refreshing and lighter alternative to traditional alcoholic beverages, making them appealing to a wide range of consumers.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Belgium is the increasing availability and variety of these products. In recent years, there has been a significant increase in the number of brands and flavors available in the market. This can be attributed to the growing demand and the entry of new players into the market. Additionally, there has been a shift towards craft and artisanal products, with consumers seeking out unique and high-quality offerings. Another trend in the market is the growing popularity of flavored ciders, perrys, and rice wines. Manufacturers are introducing innovative flavors, such as fruit-infused varieties, to cater to changing consumer preferences. This has helped to attract a wider consumer base and expand the market.

Local special circumstances: Belgium has a rich tradition of brewing and producing alcoholic beverages, which has contributed to the growth of the Cider, Perry & Rice Wine market. The country is known for its beer culture, and consumers are open to trying new and different types of alcoholic beverages. Additionally, Belgium has a strong agricultural sector, which provides a steady supply of ingredients for the production of ciders, perrys, and rice wines.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market in Belgium can also be attributed to underlying macroeconomic factors. The country has a stable economy and a high standard of living, which has led to increased disposable income and consumer spending. This has allowed consumers to explore new and premium products, including ciders, perrys, and rice wines. Furthermore, the influence of global market trends cannot be ignored. The rising popularity of these types of alcoholic beverages in other countries has had a spill-over effect on the Belgian market. International brands and trends have influenced consumer preferences and contributed to the growth of the market. In conclusion, the Cider, Perry & Rice Wine market in Belgium is experiencing significant growth due to changing customer preferences, the availability of a wide variety of products, and the influence of global market trends. The country's strong beer culture and stable economy have also contributed to the growth of the market. With the continued introduction of new flavors and innovations, the market is expected to continue its upward trajectory in the coming years.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.