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Australian Cider Industry To Be Worth More Than $404 Million In 2021: Research

Cider has `bucked the trend` to become one of Australia`s top export industries despite a dip in alcohol consumption across Australia.

01/06/2016

Australia`s burgeoning cider industry has been brewing up a storm over the past five years, recording 11.4% growth across the sector to be turning over $309.7 million in revenue this year.

Nearly all the big headway in this growth has come from small craft ciders and small businesses who have capitalised on Australia`s changing drinking culture.

The IBISWorld research draws on figures from the Australian Bureau of Statistics, which says despite a 14% drop in total alcohol consumed over the past five years, total cider consumption in Australia has more than doubled.

And it doesn`t look like stopping any time soon, with IBISWorld predicting revenue will grow at 5.5% over the next five years to $404.4 million by 2021.

`Over the next five years, the number of industry enterprises is expected to continue innovating, creating new flavours and marketing techniques to maintain its trendy appeal,` the report said.

Australians` changing drinking habits

South Australian-based The Hills Cider Company, also known as The Hills, was one of the craft brewers at the forefront of the local cider movement, launching on Australia Day 2010.

Image courtesy and full article can be found at source Smartcompany.com.au

 

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