Market Highlights
Market Research Future (MRFR) studied theglobal hard seltzers market 2021 through the review period till 2027. By 2027,
the hard seltzers market is likely to rise at 7.69% CAGR in the analysis
period. By 2027, the hard seltzers market value can touch USD 1,649.96 Mn. The
rising demand of hard seltzers due to rise in consumer preference for reduced
or low alcoholic beverages can favor the market rise. The increase in sales of
hard seltzer among the expanding health-conscious consumers can improve the market
impetus. The availability of hard seltzer in smaller packaging, resulting in
optimal consumption, can drastically enhance drinking habits of people. Thus,
the legitimate concern of product designers towards the wellness of people can
significantly impact the hard seltzer market.
The worldwide hard seltzers market canregister a notable growth pace as the consumer preference for carbonated
beverages that has low or reduced alcohol content is fueling sales of hard
seltzers on a global scale. Furthermore, the ingression of sugar-free hard
seltzers can promote growth of the market in the near future. Innovative
flavors of hard seltzers that are introduced by hard seltzer manufacturers are
observed to acquire high profit for the market. On the contrary, rising demand
for non-alcoholic beverages can restrain the global hard seltzer market rise.
Key Players
Anheuser-Busch Companies, LLC (US),Constellation Brands, Inc. (US), Molson Coors Beverage Company (US), Boston
Beer Co. (US), Blitz-Weinhard Brewing Co.’s (US), Polar Beverages (US), Craft
Cocktail Company (US), Diageo Plc. (UK), and Oskar Blues (US) are some reputed
companies in the global hardseltzers market growth that are enlisted by MRFR. These marketers arefocusing on acquisitions, and product launches among others, to improve their
global presence.
Segmental Analysis
The segment study of the global hardseltzers market 2021 is based on Flavor, Distribution Channel, and Packaging
Type.
The flavor-based segments of the hardseltzer market are pineapple, lime, grapefruit, berries, orange, and blends
among others. The berries segment can secure the largest market share by 2026.
The availability of different types of berries flavored hard seltzer and
increase in consumer preference for this flavor can cause the berry segment to
thrive in the near future. The blends segment can rise at the fastest-pace
through the forecast term.
The packaging type-based segments of thehard seltzer market are cans and bottles. The cans segment can secure
considerable market share by 2026, suggests MRFR study. The bottle segment is
expected to register high CAGR by 2026.
The distribution channel-based segments ofthe hardseltzer market trends are non-store based and store-based. The store-basedsegment studies liquor stores, and supermarkets & hypermarkets among
others. The supermarkets and hypermarkets segment can rise at decent expansion
pace in the review term. The increase in count of liquor stores is likely to
play significant role in the distribution dynamics of hard seltzers that can
impact the market. The non-store-based segment can exhibit rapid growth rate in
the forecast term.
Regional Analysis
North America hard seltzer market canaccount for the dominant share of the global market is anticipated to thrive at
high CAGR. The US can lead the regional market as the number of consumers of
hard seltzers are observed to increase substantially. Europe hard seltzer
market is likely to hold significant market share and can be spearheaded by the
UK. Other regions of EU are likely to contribute significantly to the regional
hard seltzers market. The increase in consumption of low-calorie hard seltzers
can also boost Europe market in evaluation period. The expansion of hard
seltzer market in the rest of the world can be at 6.90% CAGR by 2026.
In Asia Pacific, the market can secure75.68% share of the overall hard seltzers market by 2026. The presence of a
large base of health-conscious people can resulted in the exponential growth of
the hard seltzers market in region. Different brewing start-ups and alcoholic
manufacturers are opening hard seltzers segment to boost their earnings. The
introduction of new hard seltzers product portfolios by renowned companies can
underline the market rise in Asia Pacific. The rise in demand for hard seltzers
and hike in money spent on hard seltzers can favor the regional rise. However,
COVID 19 outbreak has resulted in closures of hypermarkets and supermarkets
that impacted sales of hard seltzers that can restrain the market. On the other
hand, robust facilities offered by online platform can benefit APAC market.
NOTE: Our Team of Researchers areStudying 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.
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