Nation’s Restaurant News: Consumer spending on cider soars 320%

On-premise consumer spending on cider rose 320% in the US from 2010 to 2015, according to Euromonitor.

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Nation’s Restaurant News: Consumer spending on cider soars 320%

TL;DR

On-premise consumer spending on cider in the US rose 320% from 2010 to 2015, according to Euromonitor. This increase occurred despite cider accounting for less than 1% of the $16 billion on-premise alcoholic beverage market.

Americans are loving their cider—especially in 2015 compared to 2010. According to a recent Nation’s Restaurant News article, Euromonitor found that on-premise consumer spending on cider rose almost 320 percent in the five-year period.

While this beverage category still only accounts for less than 1 percent of the on-premise alcoholic beverage market totaling $16 billion, it is worth noting the increase in popularity.

Over the same five-year period, spirits are the fastest growing category with the largest increase in sales with a 10.5 percent jump. Beer, bottled cocktails, and liqueurs follow after, as wine sales have seen a decline of 1.7 percent.

In this story

This story was originally published in 1851 Franchise on September 13, 2016. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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