Cider, Perry & Rice Wine - Slovenia

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

Customer preferences: Slovenian consumers have shown a growing interest in alternative alcoholic beverages, which has contributed to the increasing demand for cider, perry, and rice wine. These beverages offer a unique and refreshing taste compared to traditional wine and beer, making them an appealing choice for many consumers. Additionally, the rising popularity of craft and artisanal products has also influenced consumer preferences, with many individuals seeking out locally produced and high-quality beverages.

Trends in the market: One of the key trends in the cider, perry, and rice wine market in Slovenia is the emergence of new and innovative flavors. Manufacturers are constantly introducing new varieties and experimenting with different ingredients to cater to the evolving taste preferences of consumers. This trend has not only attracted existing cider and wine drinkers but has also expanded the consumer base by appealing to those who are looking for unique and exciting drinking experiences. Another notable trend is the increasing availability and visibility of cider, perry, and rice wine in various retail channels. Previously, these beverages were primarily found in specialty stores or dedicated cider bars. However, they are now becoming more mainstream and can be found in supermarkets, convenience stores, and online platforms. This wider distribution has made these products more accessible to a larger number of consumers, driving market growth.

Local special circumstances: Slovenia has a rich tradition of fruit cultivation, particularly apples and pears, which are the main ingredients in cider and perry. The country's favorable climate and fertile soil provide ideal conditions for growing high-quality fruit, resulting in the production of excellent raw materials for the production of cider and perry. This local advantage has positioned Slovenia as a key player in the European cider and perry market. Furthermore, Slovenia's strong tourism industry has contributed to the growth of the cider, perry, and rice wine market. The country attracts a significant number of international visitors who are interested in exploring local food and beverage offerings. As a result, there is a growing demand for authentic Slovenian products, including cider, perry, and rice wine, which has created opportunities for local producers to showcase their products and expand their customer base.

Underlying macroeconomic factors: The overall positive economic climate in Slovenia has played a role in the development of the cider, perry, and rice wine market. As disposable incomes have increased, consumers have been more willing to explore and experiment with different alcoholic beverages, leading to a greater demand for these products. Additionally, the growing trend of supporting local businesses and products has also contributed to the market growth, as consumers are increasingly choosing to purchase domestically produced cider, perry, and rice wine. In conclusion, the cider, perry, and rice wine market in Slovenia is experiencing growth due to changing customer preferences, innovative product offerings, favorable local circumstances, and positive macroeconomic factors. As consumers continue to seek out unique and high-quality beverages, the market is expected to further expand 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.