Cider Production in the US - Industry Market Research Report
Description
Cider Production in the US
Over the past five years, cider producers have struggled to sustain the explosive growth in demand from previous years amid volatile economic conditions and heightened competition from alternative beverages. The rise of hard seltzers and canned cocktails encroached on cider sales as younger drinkers sought new flavors. During the pandemic, cider producers benefited from their dependence on off-premise sales channels as alcohol retail sales soared. A slow shift in market share concentration from a single large-scale producer to many local cideries has contributed to a stagnation in the Cider Production industry's growth as craft cideries have sought to find their footing. Over the past five years, revenue has shrunk at a CAGR of 2.8% to reach an estimated $542.2 million in 2023.
The Cider Production industry comprises companies primarily engaged in the production of alcoholic cider beverages. The production process consists of growing and harvesting apples, pears or other fruits; crushing and pressing the fruits into unfermented wort; and fermenting the blend into its finished product. The industry also includes companies and farms that produce nonalcoholic cider products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Over the past five years, cider producers have struggled to sustain the explosive growth in demand from previous years amid volatile economic conditions and heightened competition from alternative beverages. The rise of hard seltzers and canned cocktails encroached on cider sales as younger drinkers sought new flavors. During the pandemic, cider producers benefited from their dependence on off-premise sales channels as alcohol retail sales soared. A slow shift in market share concentration from a single large-scale producer to many local cideries has contributed to a stagnation in the Cider Production industry's growth as craft cideries have sought to find their footing. Over the past five years, revenue has shrunk at a CAGR of 2.8% to reach an estimated $542.2 million in 2023.
The Cider Production industry comprises companies primarily engaged in the production of alcoholic cider beverages. The production process consists of growing and harvesting apples, pears or other fruits; crushing and pressing the fruits into unfermented wort; and fermenting the blend into its finished product. The industry also includes companies and farms that produce nonalcoholic cider products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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