Cider, Perry & Rice Wine - Malta

The Cider, Perry & Rice Wine market in Malta has been experiencing significant growth in recent years. Customer preferences for these alcoholic beverages have been a driving force behind this trend. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Malta have shifted towards lighter and more refreshing alcoholic beverages, which has led to an increased demand for cider, perry, and rice wine. These beverages offer a unique flavor profile that appeals to a wide range of consumers. Additionally, the growing popularity of cider and perry tastings and festivals has further fueled the demand for these products. Trends in the market indicate that consumers are becoming more adventurous in their beverage choices and are seeking out unique and artisanal products. This has led to an increase in the availability of craft ciders, perries, and rice wines in Malta. These products are often made using traditional methods and high-quality ingredients, which appeals to consumers looking for a premium drinking experience. Local special circumstances, such as Malta's Mediterranean climate and its tourism industry, have also played a role in the development of the Cider, Perry & Rice Wine market. The warm weather and outdoor lifestyle in Malta make these refreshing beverages particularly appealing to both locals and tourists. Additionally, the tourism industry has helped to introduce visitors to these products, leading to increased demand. Underlying macroeconomic factors have also contributed to the growth of the market. Malta's strong economy and rising disposable incomes have allowed consumers to indulge in premium and higher-priced alcoholic beverages. This has created a favorable environment for the Cider, Perry & Rice Wine market to thrive. In conclusion, the Cider, Perry & Rice Wine market in Malta is developing due to changing customer preferences, the availability of unique and artisanal products, local special circumstances, and underlying macroeconomic factors. As consumers continue to seek out new and exciting beverages, the market is likely to experience further growth 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.