Cider, Perry & Rice Wine - GCC

The Cider, Perry & Rice Wine market in GCC has been experiencing steady growth in recent years. Customer preferences in the GCC region have been shifting towards healthier and more diverse beverage options, which has contributed to the growth of the Cider, Perry & Rice Wine market. Consumers are increasingly looking for alternatives to traditional alcoholic beverages, and Cider, Perry & Rice Wine offer a unique and refreshing option. Additionally, the growing popularity of international cuisines and the desire for new taste experiences have also played a role in driving the demand for these products. One of the key trends in the market is the increasing availability and variety of Cider, Perry & Rice Wine products in the GCC region. As more international brands enter the market and local producers expand their offerings, consumers have a wider range of options to choose from. This has led to increased competition and innovation in the market, with companies introducing new flavors and packaging formats to attract customers. Another trend in the market is the rising popularity of craft and artisanal Cider, Perry & Rice Wine. Consumers are increasingly seeking out unique and high-quality products, and craft producers are able to meet this demand. These small-scale producers often use traditional methods and locally sourced ingredients, which appeals to consumers who value authenticity and sustainability. Local special circumstances in the GCC region have also contributed to the development of the Cider, Perry & Rice Wine market. The hot climate and cultural preferences for lighter and fruitier beverages make these products well-suited to the local market. Additionally, the region's large expatriate population has also played a role in driving demand, as many consumers are familiar with Cider, Perry & Rice Wine from their home countries. Underlying macroeconomic factors, such as population growth, rising disposable incomes, and increasing urbanization, have also contributed to the growth of the Cider, Perry & Rice Wine market in the GCC region. As the population continues to grow and become more affluent, consumers have more disposable income to spend on premium and imported products. Urbanization has also led to changes in lifestyle and consumption patterns, with consumers seeking out new and unique experiences. Overall, the Cider, Perry & Rice Wine market in the GCC region is developing due to changing consumer preferences, increasing availability and variety of products, local special circumstances, and underlying macroeconomic factors. As these trends continue, 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.