Hard Seltzers Industry Value accounted for USD 13.2 Billion by 2022, Driven by shifting consumer preferences towards lighter alcoholic beverage options during the forecast, 2023-2033

According to the report, the global Hard Seltzers market accounted for a market size of USD 13.2 Billion in 2022, growing at a CAGR of 25.5% from 2023 to 2033. Hard seltzers are alcoholic beverages that are carbonated and typically flavored. They have gained significant popularity in recent years, particularly among younger consumers. Hard seltzers are typically low in calories, gluten-free, and have a refreshing and light taste. They are commonly made by fermenting sugar with yeast and then adding carbonation and flavorings.
The drivers behind the growth of hard seltzers can be attributed to shifting consumer preferences towards healthier and lighter alcoholic beverage options, the availability of a wide variety of flavors, convenience, effective marketing, and the appeal to younger demographics. These factors have contributed to the rapid expansion of the hard seltzer market in recent years.
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Key Highlights:
• The global Hard Seltzers Market size was valued at USD 13.2 Billion in 2022 growing at a CAGR of 25.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence is going to publish a new market research report providing market analysis that examines and evaluates the current and future conditions to identify trends, opportunities, and potential risks that may impact the performance of businesses operating within that market. This analysis typically involves collecting and analyzing data related to various factors such as economic indicators, consumer behavior, technological advancements, and regulatory policies that affect the market.
In terms of COVID-19 impact, the Hard Seltzers market report also includes the following data points:
• COVID-19 Impact on Hard Seltzers market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Hard Seltzers market
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Key Players
Some of the major Hard Seltzers players holding high market share include Truly, White Claw, Barefoot Cellars, and Future Proof Brands LLC. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Truly
• White Claw
• Barefoot Cellars
• Future Proof Brands LLC
• Bon & Viv
• Ficks & Co
• Kona Brewing Co.
• Lift Bridge Brewing Co.
• Bud Light Seltzer.
Segmental Analysis
Market Segment By ABV Content with focus on market share, consumption trend, and growth rate of Hard Seltzers Market:
• ABV Less Than 5%
• ABV More Than 5%
Based on ABV Content, ABV more than5% currently hold the largest market share in the Hard Seltzers market.
Market Segment By Packaging with focus on market share, consumption trend, and growth rate of Hard Seltzers Market:
• Metal Cans
• Glass Bottles
• Plastic Bottles
Based on Packaging, The metal cans segment holds the largest market share in the Hard Seltzers market.
Market Segment By Distribution Channel with focus on market share, consumption trend, and growth rate of Hard Seltzers Market:
• Off-trade
• On-trade
Based on the Distribution channel, off-trade is expected to dominate the market during the forecast period.
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Global Hard Seltzers Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Industry and Market Understanding: This report provides a comprehensive overview of a particular industry or market, including its size, trends, key players, and future outlook. By purchasing this research report, you can gain a better understanding of the industry you are operating in or considering entering.
• Competitive Intelligence: This report provides detailed information on competitors, including their strengths and weaknesses, market share, financial analysis, key developments and strategies adopted, and product offerings. This information can help businesses develop effective competitive strategies.
• Investment Decisions: This report helps investors make informed decisions by providing data on market size, growth potential, and key trends. This information can be useful for identifying investment opportunities and evaluating risk.
• Regulatory Compliance: This report includes information on regulatory policies and requirements that affect a particular industry or market. This can be valuable information for businesses seeking to comply with regulations and avoid potential legal issues.
Overall, Hard Seltzers market research reports provide valuable insights and information that can help businesses and individuals make informed decisions in a rapidly changing global marketplace.

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