Industry News: Hard Seltzer Market share will grow at CAGR of 12.7% says Report Ocean

The hard seltzer size was valued at $3,831.9 million in 2019, and is estimated to reach $10,921.9 million by 2027, registering a CAGR of 12.7% from 2021 to 2027.

Hard seltzer is a highball drink containing carbonated water, alcohol, and often fruit flavoring. The popularity of this drink has skyrocketed in 2019, and in 2020, hard seltzer recorded its highest sales in the U.S. The product has attracted young and health conscious people, owing to low alcohol content and low calories & carbohydrates.

Increase in impact of Western culture, rapid urbanization, change in perception of consumers toward the consumption of alcoholic beverages, and change in consumer preferences in the developing regions are anticipated to drive the growth of the global hard seltzer market.

The recent document on the Hard Seltzer market involves breakdown of this industry as well as division of this vertical. As per the report Hard Seltzer market is subjected to grow and gain returns over the predicted time period with an outstanding growth rate y-o-y over the predicted period.

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Scope of Hard Seltzer Market report: The Hard Seltzer Market report provides effective guidelines and strategies for industry players to obtain a position at the top in the Hard Seltzer Market. Also, this report is highlighting worldwide and leading key players profiles and serves the eventual guide to discovering opportunities in the Hard Seltzer Market industry globally. By implementing several top-down and bottom-up approaches on the historical sales & revenue data and the current Hard Seltzer market status, the researchers have forecasted the Hard Seltzer market growth and size in key regions. Our experts have added large key companies who play an important role in the production, manufacturing, sales, and distribution of the products. The significant applications and prospective business arenas are also added to Hard Seltzer Market outlook report. It fosters the client to make strategic moves and establish their businesses.

 The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market

  • The major players operating in the market are Truly, White claw, Barefoot Cellars, Future Proof Brands LLC, Bon & Viv, Ficks & Co, Nude, Kona Brewing Co., Lift Bridge Brewing Co., and Bud Light Seltzer.

– By ABV Content
o ABV Less Than 5%
o ABV More Than 5%
– By Packaging
o Metal Cans
o Glass Bottles
o Plastic Bottles
– By Distribution Channel
o Off-trade
o On-trade

This report also splits the market by region:

  • North America
  • Europe
  • Asia-Pacific

 Hard Seltzer Market outlook: Apart from exploring into the various segments, the report clustered on key Hard Seltzer Market trends and sectors that are either driving or averting the growth of the Hard Seltzer industry. Growth policies and plans are mentioned likewise as producing processes and cost structures also are analyzed. The Hard Seltzer Market industry development trends are studied through both secondary and primary sources. Finally, the feasibility of the latest investment comes is assessed and overall analysis conclusions offered in Hard Seltzer market analysis report.

 This study specially analyses the impact of Covid-19 outbreak on the Hard Seltzer, covering the supply chain analysis, impact assessment to the Hard Seltzer market size growth rate in several scenarios, and the measures to be undertaken by Hard Seltzer companies in response to the COVID-19 epidemic.

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