According to Market Research Future (MRFR), the global caramel market is estimated to reach $2.9 million by 2025 at a 5.6% CAGR during the forecast period 2018-2023. Often associated with childhood, caramel is a soft, dense, chewy candy or a rich and creamy topping that is comforting and nostalgic. It is a popular ingredient used in a variety of applications such as confectionery products, ice cream and desserts. Caramel is a mainstay, well-liked and versatile flavor. 

National Caramel Month is observed annually in October and National Caramel Day is observed annually on April 5, so mark your calendars and satisfy your sweet tooth.

Fresh cider is raw apple juice that has not been filtered or processed and therefore includes coarse particles of pulp or sediment. Hard cider is a low-alcoholic beverage ranging between 1.2% to 8.5% ABV, which is produced by partial or complete fermentation of apple juice. It is reported that the earliest record of the fermentation of apples can be traced back to the Romans in 55 BC. 

According to Nielsen, the US cider market was up 8.4% in 2018 and although cider represents less than 1% of the total alcoholic beverage market share, Nielsen estimates that if cider’s share of beer in the US increases by one point, sales would increase by 65%, or more than $800 million. The category reached more than $500 million in retail sales last year, making its impact 10 times bigger today than it was 10 years ago. 

In addition, cider is a gender-balanced alcohol category with 51% male drinkers and 49% female drinkers. November 18 is National Apple Cider Day, so mark your calendars and raise your glass of either a non-alcoholic or alcoholic cider!

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