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Hard Tea Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031/ Crook & Marker LLC, Loverboy Inc., Molson Coors Beverage Co.

02-20-2024 09:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Hard Tea Market Size, Trends, Latest Insights, Analysis

Hard tea market is anticipated to grow at a significant CAGR of 23.2% during the forecast period. The growing awareness towards low content alcoholic beverages among people is driving the demand for hard teas across the globe during the forecast period. A Hard Tea is a, tea-based water with any flavour of choice with low alcohol content and no-to-low sugar with very less calories. High alcohol content beverages has harmful effect on health such various disease and death also. Nonalcoholic beer, nonalcoholic wine or even spirits and other types of nonalcoholic drinks like shrubs or kombucha are gaining pull. Due to this the consumers mind is shifting towards other low content alcoholic beverages which is boosting the demand for hard tea. For instance in January 2019, Heineken International B.V. launched "Heineken 0.0", an alcohol-free malt beverage brewed with a unique recipe for a distinct, balanced taste with only 69 calories per bottle. Heineken's master brewers created the new zero-alcohol option using only natural ingredients, resulting in a brew for beer lovers, by beer lovers. Further, In March 2021, Heineken launched Pure Piraña hard seltzer in Europe, following a successful trial in Mexico and New Zealand launched in three flavors lemon lime, red berries, and grapefruit. The hard seltzer, crafted with carbonated purified water and a splash of natural flavourings, together with 4.5% alcohol by volume. Due to these product launches consumers are getting awared about low alcohol content beverages like hard teas for consumption which is propelling the market during the forecast period.

The global hard tea market is segmented based on ABV%, flavor, and distribution channel. Based on abv%, the market is segmented into 2%-5%, and more than 5.1%. Based on flavor, the market is sub-segmented into lemon, raspberry, peach, orange. Based on distribution channel the market is segmented into online and offline. The above mentioned segments can be customized as per the requirements. Based on flavor the lemon flavor is anticipated to grow at the fastest rate during the forecast period, owing to the importance of immunity-rich food and drinks is driving the demand for lemon-flavored hard teas. Lemon is abundant in vitamin-C to boost immunity, folate to improve reproductive health and potassium which regulates the electrolyte balance in the body. Lemon is packed with astringent properties, which work to remove dead skin cells and rejuvenate face. Moreover, it also possesses anti-inflammatory traits, which effectively combat acne, pimples and eczema, promoting overall skin health and also lemon has a tangy flavor which many peoples likes. In addition, citrus-flavored compliment alcoholic beverages as they help in creating a refreshing beverage that is favored by a large consumer base. Further it gives a tangy taste which boost the demand for lemon flavor head teas across the globe. For instance, in March 2022 Twelve5 Beverage Co. expanded their product portfolio through a line extension into a convenient 19.2 oz., single can size. They launched product in three flavors named, Twelve5's Rebel original hard tea sweet, real black tea flavor with a splash of zesty lemon, Twelve5's rebel half & half hard tea blended perfectly with a tangy and refreshing lemonade, Twelve5's rebel peach hard tea with a burst of juicy peach. Twelve5's rebel hard tea 19.2 oz. line-up will be available in C-stores, grocery stores, liquor stores and other retail locations that sell single serve alcoholic beverages in march.

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Market Coverage

Market number available for - 2023-2030
Base year- 2023
Forecast period- 2024-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation

Hard Tea Market by ABV %

2%-5%
More Than 5.1%
By Flavor

Lemon
Raspberry
Peach
Orange
By Distribution Channel

Online
Offline
A full report of Hard Tea Market available @ https://www.omrglobal.com/industry-reports/hard-tea-market

Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

?Mark Anthony Brands, Inc.
100 Thieves, Inc.
Bold Rock Hard Cider
Crook & Marker LLC
Loverboy Inc.
Molson Coors Beverage Co.
Venture Tea (Pvt) Ltd.
Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hard-tea-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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