Cider, Perry & Rice Wine - Slovakia

The Cider, Perry & Rice Wine market in Slovakia has been experiencing significant growth in recent years.

Customer preferences: Slovakia has seen a shift in consumer preferences towards alternative alcoholic beverages such as cider, perry, and rice wine. This can be attributed to several factors. Firstly, there is a growing trend towards healthier lifestyles and wellness, with consumers seeking out beverages that are perceived as more natural and less processed. Cider, perry, and rice wine are often marketed as being made from natural ingredients and are perceived as having a more authentic and traditional appeal. Secondly, there is a growing interest in exploring new flavors and experiences, with consumers looking for unique and innovative beverages. Cider, perry, and rice wine offer a wide range of flavors and styles, providing consumers with a diverse and exciting drinking experience.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Slovakia is the increasing popularity of craft and artisanal products. Consumers are showing a preference for locally produced and small-batch beverages, as they are seen as being of higher quality and offering a more authentic taste. This trend is also driven by the desire to support local businesses and promote sustainability. As a result, there has been a rise in the number of craft cider, perry, and rice wine producers in Slovakia, catering to this growing demand. Another trend in the market is the emergence of flavored and infused varieties of cider, perry, and rice wine. Manufacturers are constantly innovating and introducing new flavors to attract consumers and differentiate themselves from competitors. Flavors such as apple and cinnamon, pear and ginger, and lychee and jasmine are becoming increasingly popular, appealing to consumers looking for unique and exciting taste experiences.

Local special circumstances: Slovakia has a rich tradition of fruit cultivation, particularly apples and pears, which are key ingredients in cider and perry production. This has provided a strong foundation for the development of the Cider, Perry & Rice Wine market in the country. Additionally, Slovakia has a strong cultural heritage and a history of wine production, which has helped to create a favorable environment for the acceptance and appreciation of cider, perry, and rice wine.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market in Slovakia can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income levels. This has allowed consumers to have more discretionary spending power, which they are choosing to allocate towards premium and higher-priced beverages such as cider, perry, and rice wine. Furthermore, the tourism industry in Slovakia has been thriving, attracting visitors from both domestic and international markets. This has created opportunities for cider, perry, and rice wine producers to showcase their products to a wider audience and increase sales. In conclusion, the Cider, Perry & Rice Wine market in Slovakia is experiencing growth due to changing consumer preferences towards healthier and more authentic beverages, the emergence of craft and artisanal products, the introduction of flavored and infused varieties, the country's rich fruit cultivation tradition, and favorable macroeconomic factors such as economic growth and a thriving tourism industry.

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.