Cider, Perry & Rice Wine - United States

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

Customer preferences: One of the main reasons for this growth is the changing preferences of consumers in United States. There has been a shift towards healthier and more natural products, and Cider, Perry & Rice Wine fits into this trend perfectly. These beverages are often seen as a healthier alternative to traditional alcoholic drinks, as they are made from natural ingredients and have a lower alcohol content. Additionally, the unique flavors and aromas of Cider, Perry & Rice Wine have also contributed to their popularity among consumers.

Trends in the market: Another trend that has been driving the growth of the Cider, Perry & Rice Wine market in United States is the increasing popularity of craft and artisanal products. Consumers are increasingly seeking out unique and high-quality beverages, and Cider, Perry & Rice Wine from small, independent producers often fit the bill. These products are often made using traditional methods and local ingredients, giving them a distinct flavor profile that sets them apart from mass-produced alternatives.

Local special circumstances: The United States has a rich history of cider production, particularly in regions such as the Pacific Northwest and the Northeast. This has created a strong foundation for the growth of the Cider, Perry & Rice Wine market in these areas, as consumers have a long-standing appreciation for these beverages. Additionally, the United States is also home to a large number of craft breweries and wineries, which has helped to create a culture of experimentation and innovation in the beverage industry. This has further fueled the growth of the Cider, Perry & Rice Wine market, as producers are constantly pushing the boundaries and introducing new and exciting products to the market.

Underlying macroeconomic factors: The overall economic stability and growth in the United States has also played a role in the development of the Cider, Perry & Rice Wine market. As consumers have more disposable income, they are more willing to spend on premium and specialty products, such as craft beverages. Additionally, the increasing popularity of these beverages has also created opportunities for job creation and economic growth in the industry. This has led to an increase in the number of producers and suppliers in the market, further driving its growth. In conclusion, the Cider, Perry & Rice Wine market in United States is experiencing significant growth due to changing consumer preferences, the popularity of craft and artisanal products, the country's rich history of cider production, and the overall economic stability and growth. These factors have created a favorable environment for the development of the market, and it is expected to continue to grow 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.