Latin America Cider Market

Latin America Cider Market Size Share Growth 2022 - 2027

Latin America Cider Market was worth estimated to be growing at a CAGR of 4.9% in the given forecast period.

Overview:

Ciders are available in a bunch of flavours and are also classified from dry to sweet. Their appearance ranges from cloudy with sediment with even a crystal clear version. The colour changes are due to the differences in fermentation processes and also due to the choice of apples. Modern-day ciders are very similar to sparkling wines in appearance although the traditional varieties are still produced and then tend to be darker. Cider is a type of alcoholic beverage based on the fermented juice of apples. The variety of apple best suited for making it is the aptly named cider apple though other types of apples work as well. Cider alcohol content varies from 1.2% to 8.5% or more in traditional English ciders, and 3.5% to 12% in continental ciders.The growth of the cider market is mainly driven by innovative new flavours and appealing marketing strategies. Manufacturers are trying to create a market for ciders as a healthier alternative to other alcoholic beverages. The packaging of cider is also an important driver with bottles of different sizes and shapes being introduced to attract customers. Consumers are also moving away from conventional beverages and are willing to try out new products and this is yet another driver for the market. As for the restraints in the market, the cultural differences play a major role in hindering its consumption and most people still consider it as an apple drink rather than an alcoholic beverage.

Latin America Cider Market Segmentation

based on Type

• Still Cider

• Sparkling Cider

• Draft Cider

• Apple Wine

based on Distribution Channels

• Hypermarkets

• Supermarkets

• Departmental Stores

• Convenience Stores

• Online Stores

Regional Analysis

Based on geography, the Latin America market is divided into

• Argentina

• Brazil

• Mexico

Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.

Latin America Cider market Keyplayers

1. Aston Manor Brewery

2. C&C Group Plc

3. Carlberg A/S

4. Distell Group

5. Halewood International Holdings Plc

6. Heineken UK Ltd.

7. SABMiller Plc

8. Carlton & United Breweries Limited

9. The Boston Beer Company Inc