NEW YORK ( MainStreet) -- Hard cider has evolved from that potent pint of Cider Jack at the college pub or that syrup-sweet bottle of Woodpecker someone left in your beer fridge in the mid-'90s.Too often dismissed as the wimpy little stepbrother of macro and craft beer, cider has come into its own and broken up the boys' club around the tap handle. Cider sales skyrocketed 25%, to $49.6 million, during the 12 months ending Oct. 30, according to research firm SymphonyIRI. That outpaces the 2% growth of wine, the 5% growth of the craft beer segment and the 1% decline in overall beer sales just a year earlier. Considering that SymphonyIRI's research excludes sales at liquor stores discount stores such as Wal-Mart, that number's likely still a little light.
5 Hard Ciders Guests Will Like Better Than Beer
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.