$628.1m
$XX.Xm
4,341
3,306
$XXX.Xm
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. Industry-wide revenue has been growing at an average annualized 3.2% over the past five years and is expected to total $628.1 million in 2024 when revenue will jump by an estimated 8.9%.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $628.1m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
The Boston Beer Company, Inc. | 253.3 | 32.1 | 12.7 | |
Bold Rock | 38.4 | 3.1 | 8.1 |
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Industry revenue is measured across several distinct product and services lines, including Hard apple cider, Other fruit cider and Mixed flavor and nonalcoholic cider. Hard apple cider is the largest segment of the Cider Production in the US.
Apple cider remains the frontrunner
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.
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NAICS 31213 - Cider Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cider producers have contended with volatile sales as small-scale brewers gain market share from one established brand. Angry Orchard has been the most well-known cider brand...
Learn about an industry's products and services, markets and trends in international trade.
Retailers are the most significant market for cider producers. Cideries relied on retail sales during COVID-19 when on-premise drinking sites closed.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of cideries follows population density and a state’s suitability for apple harvesting. Producers settle near the primary source of their inputs and downstrea...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition has intensified as younger drinkers increasingly seek alternative beverages. Cider has risen in popularity alongside hard seltzers and canned cocktails, both repr...
Learn about the performance of the top companies in the industry.
The Boston Beer Company dominates cider production through its Angry Orchard brand. The company is mainly responsible for putting cider on the map in 2012 when they launched ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A recent resurgence in the popularity of cider has prompted revisions of the regulatory framework surrounding hard cider. New cideries have emerged in droves, leaving no room...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
New entrants have shifted the cost structure of the Cider Production industry. Small-scale cideries are emerging in droves, dragging down profit and depreciation and boosting...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Cider Production in the US industry in United States is $628.1m in 2024.
There are 3,306 businesses in the Cider Production in the US industry in United States, which has grown at a CAGR of 12.0 % between 2019 and 2024.
The market size of the Cider Production in the US industry in United States has been growing at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Cider Production in the US industry in United States is expected to grow.
The biggest companies operating in the Cider Production market in United States are The Boston Beer Company, Inc. and Bold Rock
Apple cider and Pear cider are part of the Cider Production in the US industry.
The company holding the most market share in United States is The Boston Beer Company, Inc..
The level of competition is high and increasing in the Cider Production in the US industry in United States.