Uploaded on Jun 18, 2020
The global cider market is estimated to grow at a CAGR of nearly 5.7% during the forecast period. Rising demand for premium alcoholic beverages and significant youth population is driving the demand for cider. Rising adoption of premium alcoholic beverages is encouraging the market growth. The adoption of apple wine and fruit flavored wine are being primarily led by the increasing disposable income of consumers and a major shift towards beverages with natural flavors. Millennials are primarily buying innovative alcoholic beverages products and therefore, the manufacturers are using natural flavors that enables to enhance the taste and fragrance of their alcoholic beverages. The comprehensive range of cider with innovative natural flavors is providing multiple options for consumers which allows them to select the cider product of their choice.
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