Dublin, March 08, 2023 (GLOBE NEWSWIRE) -- The "Hard Seltzer Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global hard seltzer market grew from $12.45 billion in 2022 to $14.65 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The hard seltzer market is expected to grow to $28.5 billion in 2027 at a CAGR of 18.1%.
North was the largest region in the hard seltzer market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hard seltzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The rising consumer preference for carbonated beverages with reduced alcoholic content is expected to propel the growth of the hard seltzer market going forward. Carbonated beverages are drinks that include carbon dioxide dissolved in water, resulting in fizzing and bubbling. Carbonated water is mixed with alcohol and fruit flavors to make hard seltzer.
For instance, according to PepsiCo, a US-based carbonated beverages company, India's annual per-capita bottle consumption in beverages increased by 84 bottles in 2021. In India, carbonated drinks account for 51% of PepsiCo's total sales. Therefore, the rising consumer preference for carbonated beverages drives the growth of the hard seltzer market.
Rising investment by market players in their R&D to launch innovative products is a key trend gaining popularity in the hard seltzer market. Major companies in the hard seltzer sector are focusing on R&D investments to develop new products with distinctive qualities and enhance their position. For Instance, in 2021, Anheuser-Busch, a US-based brewing company announced that it will invest more than $1 billion in hard seltzer plants in the United States during the next two years. Furthermore, brewing giant Molson Coors Beverage Company is expected to invest $100 million by early 2022 to boost the production of spirit and malt-based hard seltzers.
In March 2021, Diageo, a UK-based alcohol beverage company acquired Far West Spirits LLC for an undisclosed amount. The company expects to build and expand its portfolio in the hard seltzer industry as a result of this acquisition. Far West Spirits LLC is a US-based company that produces hard seltzer beverages.
The countries covered in the hard seltzer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Reasons to Purchase
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Scope
Markets Covered:
1) By Type: ABV More Than 5%; ABV Less Than 5%
2) By Flavours: Cherry; Grapefruit; Mango; Lime; Other Flavours
3) By Packaging: Cans; Glass; Other Packagings
4) By Application: Hypermarkets And Supermarkets; Convenience Stores; Other Applications
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $14.65 billion |
| Forecasted Market Value (USD) by 2027 | $28.5 billion |
| Compound Annual Growth Rate | 18.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Hard Seltzer Market Characteristics
3. Hard Seltzer Market Trends And Strategies
4. Hard Seltzer Market - Macro Economic Scenario
5. Hard Seltzer Market Size And Growth
6. Hard Seltzer Market Segmentation
7. Hard Seltzer Market Regional And Country Analysis
8. Asia-Pacific Hard Seltzer Market
9. China Hard Seltzer Market
10. India Hard Seltzer Market
11. Japan Hard Seltzer Market
12. Australia Hard Seltzer Market
13. Indonesia Hard Seltzer Market
14. South Korea Hard Seltzer Market
15. Western Europe Hard Seltzer Market
16. UK Hard Seltzer Market
17. Germany Hard Seltzer Market
18. France Hard Seltzer Market
19. Eastern Europe Hard Seltzer Market
20. Russia Hard Seltzer Market
21. North America Hard Seltzer Market
22. USA Hard Seltzer Market
23. South America Hard Seltzer Market
24. Brazil Hard Seltzer Market
25. Middle East Hard Seltzer Market
26. Africa Hard Seltzer Market
27. Hard Seltzer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hard Seltzer Market
29. Hard Seltzer Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes
- Anheuser-Busch InBev
- Barefoot Cellars
- Blue Marble
- Boathouse Beverage Co.
- Future Proof Brands LLC
- Cutwater Spirits
- High Noon Spirits Company
- Kona Brewing Co
- Lift Bridge Brewing Co.
- Smirnoff
- Nauti Seltzer
- White Claw
- NUTRL
- Vizzy Hard Selter
- Boston Beer Company
- Mother Earth Brewing Company
For more information about this report visit https://www.researchandmarkets.com/r/qa9i4o
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