Cider, Perry & Rice Wine - Bahrain

The Cider, Perry & Rice Wine market in Bahrain has been experiencing significant growth in recent years. Customer preferences in Bahrain have been shifting towards alternative alcoholic beverages such as cider, perry, and rice wine. This can be attributed to changing consumer tastes and preferences, as well as a growing interest in exploring new and unique flavors. These beverages offer a refreshing and distinct taste profile compared to traditional alcoholic beverages, making them appealing to a wide range of consumers. One of the key trends in the market is the increasing availability and variety of cider, perry, and rice wine options in Bahrain. Local and international producers have recognized the growing demand for these beverages and have been introducing new flavors and brands to cater to the market. This trend is driven by the desire to provide consumers with a wider choice and to differentiate their products from competitors. Another trend in the market is the rising popularity of craft cider, perry, and rice wine. Craft beverages have gained traction in recent years, both globally and in Bahrain. Craft producers focus on producing small-batch, high-quality beverages that are often made using traditional methods and natural ingredients. This trend appeals to consumers who value authenticity, craftsmanship, and unique flavor profiles. Local special circumstances in Bahrain also contribute to the development of the cider, perry, and rice wine market. Bahrain is known for its vibrant food and beverage scene, with a growing number of restaurants, bars, and hotels offering a wide variety of international cuisines. This creates opportunities for cider, perry, and rice wine to be paired with different types of food, enhancing the overall dining experience for consumers. Underlying macroeconomic factors also play a role in the growth of the market. Bahrain has a strong economy and a relatively high per capita income, which allows consumers to spend more on discretionary items such as alcoholic beverages. Additionally, the government has implemented policies to promote tourism and attract foreign investment, which has led to an increase in the number of tourists and expatriates in the country. These factors contribute to the overall growth of the beverage industry, including the cider, perry, and rice wine segment. In conclusion, the Cider, Perry & Rice Wine market in Bahrain is developing due to changing customer preferences, the availability of a wide variety of options, the rising popularity of craft beverages, local special circumstances, and underlying macroeconomic factors. As consumers continue to seek out unique and refreshing alcoholic beverages, 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.