Contacto
Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)
Key regions: United Kingdom, Philippines, Worldwide, India, United Kingdom
Mongolia, known for its vast landscapes and nomadic culture, is also experiencing a growing market for cider, perry, and rice wine. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors contribute to the development of this market.
Customer preferences: In Mongolia, there is a growing interest in alternative alcoholic beverages such as cider, perry, and rice wine. These beverages offer a unique taste and are often perceived as healthier options compared to traditional spirits. The younger generation, in particular, is driving this trend, as they seek new and exciting experiences in their drinking choices. Additionally, the rising popularity of international cuisines and the desire for pairing drinks with food have also contributed to the demand for these beverages.
Trends in the market: One of the key trends in the cider, perry, and rice wine market in Mongolia is the increasing availability of a wide variety of products. Local producers are expanding their offerings and importing brands from other countries to cater to the growing demand. This trend is driven by the desire to provide consumers with more choices and to capitalize on the rising popularity of these beverages. Another trend in the market is the focus on quality and craftsmanship. Consumers are becoming more discerning and are willing to pay a premium for high-quality products. This has led to an increase in the production of artisanal ciders, perries, and rice wines, both locally and internationally. Producers are investing in traditional production methods and using high-quality ingredients to create unique and flavorful beverages.
Local special circumstances: Mongolia's unique geography and climate present both challenges and opportunities for the cider, perry, and rice wine market. The country's harsh winters and short growing season make it difficult to cultivate traditional cider apple and pear varieties. However, local producers have adapted by using alternative fruits and ingredients to create their products. For example, Mongolian apple varieties are often used to make cider, and rice wine is made from locally grown rice. Furthermore, Mongolia's nomadic culture and close connection to nature have also influenced the market. Traditional fermentation methods and recipes are often passed down through generations, adding to the authenticity and appeal of locally produced beverages. This cultural aspect has helped create a niche market for artisanal ciders, perries, and rice wines that showcase Mongolia's unique heritage.
Underlying macroeconomic factors: The growing market for cider, perry, and rice wine in Mongolia is also influenced by underlying macroeconomic factors. Mongolia has experienced 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 alternative alcoholic beverages. Additionally, the country's tourism industry has been growing, attracting both domestic and international visitors. Tourists often seek authentic experiences and are interested in trying local beverages. This has created a market for cider, perry, and rice wine as unique and cultural products that tourists can enjoy and take back as souvenirs. In conclusion, the cider, perry, and rice wine market in Mongolia is developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more adventurous in their drinking choices and seek high-quality products, the market for these beverages continues to grow. The unique geography, nomadic culture, and economic growth of Mongolia all contribute to the development of this market.
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.
Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)