Hard Seltzers Market Forecast, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
North America was the largest market for hard
seltzers in 2019, and the region is expected to continue to dominate the global
market during the review period. The US was the largest country-level market
with a share of 84.83% in 2019. However, Canada is projected to witness a
substantial growth rate during the study period. The increasing trend of health
consciousness among the American population has resulted in an exponential
surge in demand for hard seltzers in the region.
The global
Hard Seltzers Market Forecast is expected
to register a notable growth rate during the forecast period. Rising consumer
preference for carbonated beverages with reduced alcohol content fuels the
demand for hard seltzers in the global market. Furthermore, the introduction of
sugar-free carbonated and alcoholic beverages, such as hard seltzers and rising
demand for such drinks, are driving the growth of the global Hard Seltzers
Market Forecast. Moreover, innovation of different flavors in hard seltzers is
creating profitable opportunities for manufacturers. However, surging demand
for non-alcoholic beverages are restraining the growth of the global market.
Key
Players
Market Research Future recognizes Anheuser-Busch Companies, LLC (US),
Molson Coors Beverage Company (US), Constellation Brands, Inc. (US), Boston
Beer Co. (US), Polar Beverages (US), Blitz-Weinhard Brewing Co.’s (US), Craft
Cocktail Company (US), Oskar Blues (US), and Diageo Plc. (UK) as the key
players in the global Hard Seltzers Market Forecast.
Market Segmentation:
By flavor, the market has been divided into lime, berries, pineapple,
grapefruit, orange, blends, and others. The berries segment accounted for the
largest market share in 2019. The wide availability of numerous types of
berries for flavors and consumer acceptance makes berries a dominant segment
under flavor and is expected to boost the growth of the berries hard seltzers.
However, the blends segment is projected to be the fastest-growing segment
during the forecasted period.
Based on the packaging type, the market has been segmented into bottles
and cans. The cans segment accounted for a larger market share in 2019 and is
expected to register the highest CAGR during the forecast period.
Based on distribution channel, the market has been segmented into
store-based and non-store based. The store-based segment has further been
divided into supermarkets & hypermarkets, liquor stores, and others. The
supermarkets & hypermarkets segment is projected to be the fastest-growing
sub-segment during the review period. Liquor stores also play a significant
role in the distribution of hard seltzers. However, the non-store-based segment
is projected to exhibit a higher growth rate during the review period.
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https://www.marketresearchfuture.com/reports/hard-seltzers-market-10102
Regional
Analysis
Geographically, the Global Hard
Seltzers Market Forecast has been segregated into North America, Europe,
Asia-Pacific, and the Rest of the World. As per MRFR analysis, North America
accounted for the dominant share of the global market in 2019, with the US
being the major consumer of hard seltzers. Moreover, it is expected to be the
most lucrative regional market for hard seltzers manufacturers during the
review period. The market in Europe also accounted for a significant share in
2019. The UK is a key contributor to the growth of the Hard Seltzers Market
Forecast in the region. The increasing popularity of low-calorie content and no
added sugar alcoholic beverages is expected to boost the Europe Hard Seltzers
Market Forecast during the forecast period. The Rest of the World is projected
to register a CAGR of 6.90% during the forecast period.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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