Cider, Perry & Rice Wine - Haiti

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

Customer preferences: Haitian consumers have shown a growing interest in alternative alcoholic beverages, such as cider, perry, and rice wine. This shift in preferences can be attributed to several factors. Firstly, there is a growing trend towards healthier lifestyles, with consumers seeking out beverages that are perceived as more natural and less processed. Cider, perry, and rice wine are often seen as more natural alternatives to traditional alcoholic beverages. Additionally, these beverages offer a unique taste experience, appealing to consumers who are looking for something different from the usual options available in the market.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Haiti is the increasing availability and variety of products. As consumer demand for these beverages grows, more companies are entering the market and offering a wider range of options. This has led to increased competition and innovation, with companies introducing new flavors and packaging formats to attract consumers. Additionally, there has been a rise in the popularity of craft and artisanal products, with consumers willing to pay a premium for higher quality and unique offerings.

Local special circumstances: Haiti's unique climate and agricultural resources make it an ideal location for the production of cider, perry, and rice wine. The country has a rich tradition of fruit cultivation, including apples and pears, which are key ingredients in these beverages. This local availability of ingredients allows for the production of high-quality products that are unique to the Haitian market. Additionally, the cultural significance of these beverages in Haiti, particularly during festive occasions and celebrations, further drives their demand and consumption.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market in Haiti can also be attributed to several macroeconomic factors. Firstly, the country has experienced economic stability and growth in recent years, leading to an increase in disposable income and consumer spending power. This has allowed consumers to explore new and premium beverage options, including cider, perry, and rice wine. Additionally, the government has implemented policies to promote the development of the agricultural sector, which has further supported the production and availability of locally made beverages. In conclusion, the Cider, Perry & Rice Wine market in Haiti is experiencing significant growth due to changing customer preferences, increasing availability and variety of products, unique local circumstances, and underlying macroeconomic factors. As consumer demand continues to rise, it is expected that the market will continue to expand, providing opportunities for both local and international players in the industry.

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.