Hard Seltzer Market to hit US$ 4,355.46 million, Globally, by 2028 at 8.2% CAGR: The Insight Partners

The Insight Partners has been monitoring the Hard Seltzer market and it is poised to grow by US$ 4,355.46 million during 2021-2028, progressing at a CAGR of over 8.2% during the forecast period. This study provides an up-to-date assessment of the current market situation, as well as the most recent trends and drivers, as well as the general market environment.

Get a Sample Report "Hard Seltzer Market" to 2028 @ https://www.theinsightpartners.com/sample/TIPRE00014668/?utm_source=OpenPR&utm_medium=10432

In 2020, North America held the largest share of the global hard seltzer market, and Asia-Pacific is estimated to register the fastest CAGR in the market during the forecast period. According to ISWR Drinks Market Analysis, the ready-to-drink (RTD) category-including hard seltzers-accounted for the highest rise in consumption in the US in 2020. Due to hectic lifestyles and busy schedules, people in North America prefer products in RTD packaging, which are ideal for on-the-go consumption. Moreover, the rising demand for low-alcohol content and low-sugar content beverages is also propelling the market growth in the region. Further, the high influence of social media platforms and celebrities is projected to open significant growth opportunities for the hard seltzer brands over the coming years.

Companies Profiled in this report includes:

• Anheuser-Busch INBEV
• Constellation Brands, Inc
• Heineken N.V.
• Kona Brewing Co.
• Kopparberg
• Lift Bridge Brewing Co.
• Mark Anthony Brands International
• Molson Coors Beverage Company
• Oskar Blues
• The Boston Beer Company

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Hard Seltzer Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2021 to 2028.

Speak to Analyst for more details: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00014668/?utm_source=OpenPR&utm_medium=10432

Impact of COVID-19 Pandemic on Hard Seltzer Market:

Many sectors, including the food and beverages industry, faced unexpected challenges amid the COVID-19 pandemic. Various restrictions imposed by governments, such as lockdowns, production shutdown, travel bans, and border restrictions, disrupted the global supply chains. This also led to the shortage of raw materials and labor. However, the demand for alcoholic beverages rose significantly during lockdowns. As people were mandated to stay home, they preferred the in-house consumption of beverages. Moreover, due to reduced bar visits, the demand for RTD beverages, such as hard seltzer, grew significantly. As the vaccination rates across different countries are increasing and the manufacturing units are recovering from their losses, the hard seltzer market is also expected to register significant growth during the forecast period.

Global Analysis By Flavor:

• Citrus Fruits
• Berries
• Tropical Fruits
• Others
Global Analysis By Packaging Type:

• Bottles
• Cans
Global Analysis By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Regional and Country-wise Analysis: Global Hard Seltzer Market

- North America (U.S., Canada, Mexico)

- Europe (Germany, France, Italy, UK, Russia, Rest of Europe)

- Asia Pacific (Australia, China, India, Japan, South Korea, Rest of Asia Pacific)

- Middle East and Africa (MEA) (South Africa, Saudi Arabia, UAE, Rest of MEA)

- South America (Brazil, Argentina, Rest of South America (SAM))

Report Spotlights:

• Progressive industry trends in the hard seltzer market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the hard seltzer market from 2019 to 2028
• Estimation of global demand for hard seltzer
• Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the hard seltzer market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth

Purchase a Copy of this Research @ https://www.theinsightpartners.com/buy/TIPRE00014668/?utm_source=OpenPR&utm_medium=10432

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.