Global Hard Tea Market Is Expected To Register A CAGR Of 25.25% By 2032
The global hard tea market is expected to register a CAGR of 25.25% and will surpass the market value of US$ 19 Billion by 2032 from US$ 2 Billion from 2022. Thus, the global hard tea market is expected to create an absolute dollar opportunity of US$ 17 Billion in the forecast years 2022-2032.
From 2021 to 2022, a Y-o-Y growth rate of 25% is expected, growing from its previous valuation of US$ 1.6 Billion.
Key Segments Covered in the Hard Tea Market Report
Hard Tea Market by ABV % :
Hard Tea containing 2.0-5.0% ABV
Hard Tea containing More than 5.1% ABV
Hard Tea Market by Flavor :
Lemon Hard Tea
Raspberry Hard Tea
Peach Hard Tea
Orange Hard Tea
Other Flavor Hard Tea
Hard Tea Market by Distribution Channel :
Hard Tea Sales via Supermarkets/Hypermarkets
Hard Tea Sales via Online Distribution Channels
Hard Tea Sales via Other Distribution Channels
Hard Tea Market by Region :
North America Hard Tea Market
Latin America Hard Tea Market
Europe Hard Tea Market
Asia Pacific Hard Tea Market
Middle East & Africa Hard Tea Market
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What is the Intensity of the Competition in the Hard Tea Market?
Key players in the global hard tea market are The Boston Beer Company , Pabst, Twisted Tea, Anheuser-Busch Companies LLC (Blue Point Brewing) , Old Brew's Easy Tea, Cisco Brewers , White Claw Hard Seltzer and Beverages. Some of the recent developments in hard tea market are :
In November 2020, White Claw made a debut with launching hard iced tea. The company launched the hard tea in a mixed 12 pack that consists of four different flavors: lemon, mango, peach and raspberry. The hard teas consist 5% ABV making them suitable for a larger consumer base.
In March 2021, 100 Thieves Organizations, a company based in North America has announced partnerships with Truly Hard Seltzer Twisted Tea Hard Iced Tea. The collaborations will help the companies to grow through social media campaigns, co-branded content livestreams and giveaways.
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After reading the Hard Tea Market report, readers get insight into:
Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the Hard Tea Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential
Some important questions that the Hard Tea Market report tries to answer exhaustively are:
Key strategic moves by various players in the Hard Tea Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
Which strategies will enable top players in the Hard Tea Market to expand their geographic footprints?
Which new business models are expected to change the course of growth of key regional markets in near future?
Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
Which products segments have in recent years have seen new, lucrative application areas?
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