Global Hard Seltzers Upcoming Demand, Future Growth, Regional Opportunities, Competitor Analysis, by Region- Forecast 2027

Market Highlights

Global Hard Seltzers Market is estimated to be valued at USD 1,649.96 Million by 2026, registering a CAGR of 7.69% during the forecast period. The rising demand of hard seltzers can be attributed to increase in preference for low and reduced alcoholic beverages, mainly amongst health-conscious consumers. Additionally, such beverages are available in smaller packaging, resulting in limited consumption. Gen Z is the major consumer segment contributing to the growth of the hard seltzers market as they are highly conscious about their eating and drinking habits.       

North America was the largest market for hard seltzers in 2019, and the region is expected to continue to dominate the global market during the review period. The US was the largest country-level market with a share of 84.83% in 2019. However, Canada is projected to witness a substantial growth rate during the study period. The increasing trend of health consciousness among the American population has resulted in an exponential surge in demand for hard seltzers in the region.

The global hard seltzers market is expected to register a notable growth rate during the forecast period. Rising consumer preference for carbonated beverages with reduced alcohol content fuels the demand for hard seltzers in the global market. Furthermore, the introduction of sugar-free carbonated and alcoholic beverages, such as hard seltzers and rising demand for such drinks, are driving the growth of the global hard seltzers market. Moreover, innovation of different flavors in hard seltzers is creating profitable opportunities for manufacturers. However, surging demand for non-alcoholic beverages are restraining the growth of the global market.

Segmental Analysis

Global Hard Seltzers Market has been segmented on the basis of Flavor, Packaging Type, Distribution Channel, and Region.

By flavor, the market has been divided into lime, berries, pineapple, grapefruit, orange, blends, and others. The berries segment accounted for the largest market share in 2019. The wide availability of numerous types of berries for flavors and consumer acceptance makes berries a dominant segment under flavor and is expected to boost the growth of the berries hard seltzers. However, the blends segment is projected to be the fastest-growing segment during the forecasted period.

Based on the packaging type, the market has been segmented into bottles and cans. The cans segment accounted for a larger market share in 2019 and is expected to register the highest CAGR during the forecast period.

Based on distribution channel, the market has been segmented into store-based and non-store based. The store-based segment has further been divided into supermarkets & hypermarkets, liquor stores, and others. The supermarkets & hypermarkets segment is projected to be the fastest-growing sub-segment during the review period. Liquor stores also play a significant role in the distribution of hard seltzers. However, the non-store-based segment is projected to exhibit a higher growth rate during the review period.

Regional Analysis

Geographically, the Global Hard Seltzers Market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, North America accounted for the dominant share of the global market in 2019, with the US being the major consumer of hard seltzers. Moreover, it is expected to be the most lucrative regional market for hard seltzers manufacturers during the review period. The market in Europe also accounted for a significant share in 2019. The UK is a key contributor to the growth of the hard seltzers market in the region. The increasing popularity of low-calorie content and no added sugar alcoholic beverages is expected to boost the Europe hard seltzers market during the forecast period. The Rest of the World is projected to register a CAGR of 6.90% during the forecast period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/hard-seltzers-market-10102

Key Players

Market Research Future recognizes Anheuser-Busch Companies, LLC (US), Molson Coors Beverage Company (US), Constellation Brands, Inc. (US), Boston Beer Co. (US), Polar Beverages (US), Blitz-Weinhard Brewing Co.’s (US), Craft Cocktail Company (US), Oskar Blues (US), and Diageo Plc. (UK) as the key players in the global hard seltzers market.

Key Findings of the Study

  • Global Hard Seltzers Market is expected to register a growth rate of 7.69% from 2020 to 2026.
  • The blends segment is estimated to register the highest growth rate during the forecast period.
  • On the basis of packaging type, the cans segment is expected to hold a larger market share during the forecast period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Comments

Post a Comment

Popular posts from this blog

Herbicide Safeners Market Forecast, Growth, By Type, Product, Revenue Share, Region

  Market Forecast Global Herbicide Safeners Market size is projected to be valued at USD 2,435.2 Million by 2027 at a CAGR of 7.6% between 2020 and 2027. Herbicide safeners are basically chemicals that increase the tolerance of cereals plants to herbicides without affecting the weed control effectiveness. With the use of safeners, difficult weed control problems can be addressed. The continuous rise in demand for crops to fulfill the needs of the rising population is resulting in an increased demand for herbicides. Trace amounts of herbicides and pesticides are often present in the end product consumed. This is influencing the increased demand for safeners in herbicides among the manufacturers. The growth of the agriculture sector in developing nations and increasing cereals production is boosting the sales of herbicide safeners. The market players are emphasizing product launches, partnerships, acquisitions, and expansions to meet the increasing market demand. Key Players in Herbi
Read more

Toothpaste Industry Share, Size, Quality Analysis, Top Companies, Forecast

Image
Market Outlook The global herbal toothpaste market size can inflate to USD 1.16 billion by 2024. It can exhibit a CAGR of 5.22% during the forecast period due to emphasis on oral hygiene in recent years. Manufacturers have been developing pastes which can combat bad breath, sensitivity, tooth decay, teeth whitening, and decay. Massive demand for plant-based toothpastes or toothpastes which include ingredients from natural sources can work favorably for the market. The surge in health-consciousness and veganism are major trends which can impact the market positively. High benefits of using herbal toothpaste as well as awareness of the harmful effects of synthetic toothpaste can drive the adoption of the product. The increased focus on research and development as well as the introduction of new flavors can benefit the market. Rising investments by manufacturers and tie-ups with online retailers to expand their distribution and ensure mass penetration can bolster the market revenue by
Read more

Cake Mix Market Forecast with Investment, Key Driven, Gross Margin, Regional Demand

Image
  Market Scenario The global Cake Mix Market 2021 is projected to reach approximately USD 1.5 Billion by 2028 and mature at a notable CAGR of 3.83% through the review period (2021-2028).  Market Dynamics Over the recent years , the worldwide demand for cake mix has seen a huge growth in its scale and price. Consumers ' growing discretionary income has allowed them to spend unrestrained on pleasing their taste buds, mirrored in the increasing market for cakes and, accordingly, the worldwide cake mix. This demand is also significantly driven by the fact that cake mix is easy to prepare and drink. The launch of sugar-free and low-fat cake mix has a huge effect on this market, which is projected to propel it to develop a faster pace over the coming years. Diverse factors influence the growth of the global cake-mix industry. A change in consumer preferences and growing demand for convenience foods are helping a global initiative to expand the cake mix industry. Consumers' hect
Read more