Cider, Perry & Rice Wine - Chile

The Cider, Perry & Rice Wine market in Chile has been experiencing significant growth in recent years. Customer preferences in the Cider, Perry & Rice Wine market in Chile have been shifting towards more diverse and unique flavors. Consumers are increasingly seeking out products that offer a different taste experience, and this has led to a rise in the popularity of craft ciders, perries, and rice wines. These products often feature locally sourced ingredients and traditional production methods, appealing to consumers who value authenticity and craftsmanship. Additionally, there has been a growing interest in organic and natural products, with consumers looking for healthier options in the market. This has prompted cider, perry, and rice wine producers to focus on developing organic and natural offerings to meet the demand. Trends in the market indicate that the Cider, Perry & Rice Wine segment in Chile is becoming more competitive. As consumer interest in these products continues to grow, both domestic and international players are entering the market with new offerings. This has led to a wider variety of products available to consumers, creating more choices and driving innovation in the industry. Producers are experimenting with different flavors, ingredients, and packaging formats to stand out from the competition and capture the attention of consumers. Additionally, the growing popularity of cider, perry, and rice wine as alternative alcoholic beverages to beer and wine has also contributed to the market's expansion. Local special circumstances in Chile have played a role in the development of the Cider, Perry & Rice Wine market. Chile has a rich agricultural heritage and is known for its high-quality fruit production. This has provided a strong foundation for the production of cider and perry, as these beverages often rely on fruit as a key ingredient. The country's diverse climate and fertile soil allow for the cultivation of a wide variety of fruits, which can be used to create unique and flavorful ciders and perries. Additionally, Chile has a growing tourism industry, and many visitors are interested in trying local products and experiencing the country's culinary traditions. This has created opportunities for cider, perry, and rice wine producers to showcase their products and attract new customers. Underlying macroeconomic factors have also contributed to the growth of the Cider, Perry & Rice Wine market in Chile. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed consumers to explore new and premium products, including craft ciders, perries, and rice wines. Additionally, changing demographics and evolving consumer preferences have influenced the market. Younger consumers, in particular, are driving the demand for innovative and unique beverages, and this has led to the growth of the cider, perry, and rice wine market in Chile. Overall, the Cider, Perry & Rice Wine market in Chile is developing rapidly due to changing customer preferences, increasing competition, local special circumstances, and underlying macroeconomic factors. Producers in the market are adapting to these trends and striving to meet the evolving needs of consumers, resulting in a dynamic and expanding 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.