Hard Seltzer Market Estimated to be Driven by Innovation and Industrialization 2021-2031 | Truly, White claw, Barefoot Cellars, Future Proof Brands LLC

New York, According to a new market research report published by Global Insight Services Hard Seltzer Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Hard seltzer is a type of alcoholic beverage that is made by fermenting sugar and adding carbonation. It is similar to beer, but has a lower alcohol content and is often flavored with fruit. Hard seltzers have become popular in recent years, as they are light and refreshing alternative to beer and other alcoholic drinks.

Key Trends

There are a few key trends in Hard Seltzer technology:

1. Increased Alcohol Content: Most Hard Seltzers on the market today have an alcohol content of around 5%. However, there are a few brands that are now offering products with an alcohol content of up to 8%. This trend is likely to continue as consumers become more adventurous and demand more potent products.

2. Natural Flavors: Another trend in Hard Seltzer technology is the use of natural flavors. Consumers are becoming more aware of the importance of using natural ingredients, and they are demanding products that reflect this preference. As a result, many Hard Seltzer brands are now using natural flavors to appeal to this growing market.

3. Low-Calorie Options: As consumers become more health-conscious, they are also demanding low-calorie options. Hard Seltzer brands are responding to this trend by offering products that are lower in calories and sugar. This is a great option for those who want to enjoy a refreshing drink without guilt.

4. Canned or Bottled: Finally, another trend in Hard Seltzer technology is the packaging. In the past, most Hard Seltzers were only available in cans. However, now many brands are offering their products in bottles as well. This is a convenient option for those who want to take their Hard Seltzer with them on the go.

Key Drivers

There are a few key drivers of the hard seltzer market. The first is the health and wellness trend. Consumers are becoming more and more health-conscious and are looking for healthier alternatives to traditional alcoholic beverages. Hard seltzers are lower in calories and carbs than most other alcoholic drinks, making them a popular choice for those looking to watch their waistline.

Another driver of the hard seltzer market is the popularity of craft beverages. Consumers are willing to pay more for quality, artisanal products. This has led to a boom in the craft beer and spirits industries, and hard seltzers are following suit. Many small, independent brands are popping up, offering unique flavors and packaging.

Finally, the hard seltzer market is being driven by the millennial demographic. Millennials are the largest consumer group of hard seltzers, and they are attracted to the convenient, portable, and easy-to-drink nature of the beverage. Hard seltzers are perfect for on-the-go millennials who are always on the move.

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Market Segments

The hard seltzer market is segmented on the basis of ABV content, packaging, application, distribution channel, and region. On the basis of ABV content, ABV less than 5% and ABV more than 5%. By packaging, it is segregated into metal cans, glass bottles, and plastic bottles. According to distribution channel, it is divided into off-trade and on-trade. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The hard seltzer market report includes players such as Truly, White claw, Barefoot Cellars, Future Proof Brands LLC, Bon & Viv, Ficks & Co, Kona Brewing Co., Lift Bridge Brewing Co., and Bud Light Seltzer.

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Reasons to buy Hard Seltzer Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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