Hard Seltzer Market is set to cross USD 54.96 Bn By 2029

The Global Hard Seltzer Market size is expected to be valued at USD 30.23 thousand units in 2024 and reach USD 54.96 thousand units by 2029, growing at a CAGR of 12.70% from 2024 to 2029.

Global Hard Seltzer Market Report Scope:
• Market Size (2029): USD 54.96 thousand units
• Market Size (2024): USD 30.23 thousand units
• CAGR (2024 to 2029): 12.7%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Packaging, ABV content, Distribution Channel, and Region
• Geographies Covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
• Key Market Players Profiled: White Claw, Truly, Future Proof Brands LLC, Lift Bridge Brewing Co, Barefoot Cellars, Ficks & Co, Bon & Viv, Kona Brewing Co, and Bud Light Seltzer are playing a dominant role in the global hard seltzer market.

The increasing prevalence of drinking low-alcohol content beverages, especially among the young generation, is leveraging the growth rate of the hard seltzer market. Nowadays, people are giving more preference to light and refreshing alcoholic beverages with low calories. These beverages have become one of the alternatives for consumers to drink healthier, which is additionally prompting the market size.

Also, the trend towards consuming healthy food and beverages to maintain a healthy diet is inclined to showcase the demand for the adoption of hard seltzers. According to recent survey reports, people are more inclined to consume healthy drinks that are low in sugar and less carbohydrate drink options. Emerging countries like the US, the UK, Japan, China, and others are seeing rapid changes in the growth rate of the hard seltzers market. Around 300 new hard seltzer brands in the US were launched in 2022, a positive sign for market growth.
The penetration of online-based shopping is increasing the demand for hard seltzers. E-commerce is providing brand-based products and making different options available according to customer preferences, which is anticipated to surge the growth rate of the hard seltzer market. With the growing consumer preference for flavored beverages, the demand to launch innovative beverages with international standards is likely to eventually eventual market's growth rate in developed countries. Top companies are promoting their brand products more sustainably, that is, by shifting towards eco-friendly packaging. This is also an additional attribute bolstering the market's growth rate. Seeking innovative practices to elevate their brand products by displaying brand images will likely showcase huge growth opportunities for the market.

However, high costs associated with the fluctuations in the availability of raw materials and decreased production rate due to disruptions in the supply chain with the emergence of the COVID-19 pandemic in 2020 are major market limitations.
The launch launching of various beverages with similar flavored products at very low prices is negatively impacting the market's growth rate. Stringent norms implemented by government authorities to give a green signal for newly launched products in favor of the public are also restraining factors for the market.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/hard-seltzer-market.

Key Insights from the Report:
• By Packaging, In the packaging segment, the metal cans held the largest share in 2019, accounting for more than half of the global hard seltzer market due to its light weight, waterproofing and high flexibility properties that are ideal for beverage packaging. Light carbonates. However, the glass bottle segment is expected to exhibit the highest CAGR of 13.6% during the outlook period due to benefits such as maintaining brightness and freshness of flavor, attractiveness of display, and sustainability.
• Based on ABV Content, More than 5% of the segment accounted for the dominant share in the global hard seltzer market in 2019 and is estimated to maintain its share during the forecast period. This is mainly due to the increased movement of consumers of alcoholic beverages such as spirits, beer and wine to hard warehouses with ABV of 5% or more. Additionally, hard seltzer with an ABV of 5% are primarily considered the standard percentage of ingredients produced by the manufacturer.
• Based on the Distribution Channel, High levels of service, privacy, and community engagement are estimated to lead to the highest CAGR of 13.6% during the study period as the number of consumers drinking seltzers in bars and restaurants increases. However, the non-commerce segment had the largest share in 2019, contributing to more than two-thirds of the global hard seltzer market due to growth, urbanization, and urban sprawl of the retail industry.
• North America dominated the global hard seltzer market in 2019 and is foreseen to maintain its lead over the outlook period. A key factor driving the growth of the carbonated water market in the region is the growing consumer preference for calories, low alcohol content, and gluten-free beverages. Asia-Pacific is estimated to become a developing market for the global hard seltzer market and is likely to record the highest CAGR due to higher consumer demand and increased urbanization in the region.
• White Claw, Truly, Future Proof Brands LLC, Lift Bridge Brewing Co, Barefoot Cellars, Ficks & Co, Bon & Viv, Kona Brewing Co, Bud Light Seltzer.

SEGMENTATION INCLUDED IN THIS REPORT:
By Packaging:
• Glass Bottles
• Metal Cans
• Plastic Bottles
By ABV Content:
• Less Than 5%
• More Than 5%
By Distribution Channel:
• Off-trade
• On-trade

Browse Regional Reports:
Europe Hard Seltzer Market Research Report Research Report - segmented by Packaging, ABV Content, Distribution Channel, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) -https://www.marketdataforecast.com/market-reports/europe-hard-seltzer-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Hard Seltzer Market, By Packaging
6.1.1 Glass Bottles
6.1.2 Metal Cans
6.1.3 Plastic Bottles
6.1.4 Market Size Estimations & Forecasts (2024-2029)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Hard Seltzer Market, By ABV Content
6.2.1 Less Than 5%
6.2.2 More Than 5%
6.2.3 Market Size Estimations & Forecasts (2024-2029)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Hard Seltzer Market, By Distribution Channel
6.3.1 Off-trade
6.3.2 On-trade
6.3.3 Market Size Estimations & Forecasts (2024-2029)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Packaging
7.2.3 By ABV Content
7.2.4 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Packaging
7.3.3 By ABV Content
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Packaging
7.4.3 By ABV Content
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Packaging
7.5.3 By ABV Content
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Packaging
7.6.3 By ABV Content
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 White Claw
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Truly
8.3 Future Proof Brands LLC
8.4 Lift Bridge Brewing Co
8.5 Barefoot Cellars
8.6 Ficks & Co
8.7 Bon & Viv
8.8 Kona Brewing Co
8.9 Bud Light Seltzer
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures

About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Phone: 81217 75951
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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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