Hard Seltzer Market Size, Top Brands Share & Trends 2024, Growth And Research Report, Forecast By 2032

(MENAFN- GetNews)

The hard seltzer market growth is influenced by its alignment with health concerns, the rise in demand for low-calorie and low-sugar options, the availability of a diverse variety of flavors, the use of eco-friendly packaging and strategic marketing, and growing popularity among young people, especially in urban areas.

Global Hard Seltzer Industry Research Report

Market Summary:

• The global hard seltzer market size reached USD 7.1 Billion in
  2023 .

• The market is expected to reach USD 20.0 Billion by 2032 , exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.

• North America leads the market, accounting for the largest hard seltzer market share.

• 5% to 6.9% accounts for the majority of the market share in the ABV content segment due to its optimal alcohol concentration.

• Cans represent the leading packaging material segment, owing to their lightweight, recyclable nature and convenience for consumers.

• Supermarkets and hypermarkets account for the majority of the market share in the distribution channel segment due to the extensive variety and competitive pricing they offer.

• Cherry accounts for the majority of the market share in the flavor segment due to the widespread consumer preference for vibrant, fruity flavors that enhance the enjoyment and appeal of hard seltzers.

• The hard seltzer market is driven by rising health consciousness among consumers, who seek lower-calorie and gluten-free alternatives to traditional alcoholic beverages.

• Innovation in product offerings and the increasing popularity of social drinking occasions contribute to market trends, with creative flavors and convenient packaging enhancing the appeal of hard seltzers to a broad consumer base.

As indicated in the latest market research report published by IMARC Group, titled“ Hard Seltzer Market Report by ABV Content (1% to 4.9%, 5% to 6.9%, 7% and Above), Packaging Material (Cans, Glass, and Others), Distribution Channel (Supermarkets and Hypermarkets, Online Stores, and Others), Flavor (Cherry, Grapefruit, Mango, Lime, and Others), and Region 2024-2032 , ” this report provides an in-depth analysis of the industry, featuring insights into the global hard seltzer market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

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Hard Seltzer Industry Trends and Drivers:

Rising Health Consciousness Among Consumers:
One of the primary drivers of the hard seltzer market is the growing health consciousness among consumers. As people become more aware of their dietary choices and seek healthier alternatives to traditional alcoholic beverages, hard seltzers have gained popularity due to their lower calorie content, reduced sugar levels, and gluten-free formulations. This trend is particularly prevalent among millennials and Gen Z consumers who prioritize wellness and lifestyle choices. Hard seltzers, often marketed as refreshing and light, fit well into this health-focused narrative, attracting consumers looking for a guilt-free indulgence. As the demand for healthier alcoholic options continues to rise, the hard seltzer market size is expected to expand significantly.

Innovation and Variety in Product Offerings:
The hard seltzer market is also driven by the innovation and variety of product offerings available to consumers. Beverage companies are continuously experimenting with flavors, ingredients, and packaging to differentiate their products in a crowded market. From fruit-infused options to collaborations with popular brands, the introduction of unique and creative flavors appeals to adventurous consumers seeking new experiences. Additionally, the rise of craft hard seltzers, which emphasize artisanal production methods and high-quality ingredients, has further fueled market growth. This innovation not only attracts new consumers but also encourages brand loyalty as customers seek out their favorite flavors, significantly influencing the hard seltzer market trends.

Increasing Popularity of Social Drinking Occasions:
The increasing popularity of social drinking occasions, particularly among younger demographics, is another significant factor driving the hard seltzer market size. As consumers seek out beverages that are easy to share and enjoy during social gatherings, hard seltzers have become a go-to choice for parties, barbecues, and outdoor events. Their convenient packaging and portability make them ideal for on-the-go consumption, aligning well with the lifestyles of busy consumers. Furthermore, the rise of social media and the culture of sharing experiences online have contributed to the visibility of hard seltzers, making them trendy and desirable among peer groups. This shift in social drinking habits is expected to sustain the growth of the hard seltzer market as it captures a larger share of consumer spending in the alcoholic beverage category.

By the IMARC Group, Some of the Top 9 Hard Seltzer Companies Operating in the Global Industry are Given Below:

• Anheuser-Busch InBev (NYSE: BUD)
• Barefoot Cellars (E. & J. Gallo Winery)
• Blue Marble Cocktails Inc.
• Ficks & Co
• Future Proof Brands LLC
• Hard Seltzer Beverage Company LLC (The Boston Beer Company Inc)
• Lift Bridge Brewing Co.
• Oskar Blues Brewery
• White Claw Hard Seltzer

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Hard Seltzer Market Report Segmentation:

Breakup by ABV Content:

• 1% to 4.9%
• 5% to 6.9%
• 7% and Above

5% to 6.9% accounts for the majority of shares due to its balance of alcohol strength and drinkability, appealing to consumers seeking a refreshing option that fits well into social settings.

Breakup by Packaging Material:

• Cans
• Glass
• Others

Cans account for the majority of shares due to the convenience and portability they offer, making them a popular choice for consumers looking for on-the-go beverage options.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Online Stores
• Others

Supermarkets and hypermarkets account for the majority of shares due to the extensive selection and accessibility they provide, allowing consumers to find a wide range of hard seltzer brands in one location.

Breakup by Flavor:

• Cherry
• Grapefruit
• Mango
• Lime
• Others

Cherry accounts for the majority of shares due to the popularity of fruity and sweet profiles among consumers, which enhances the overall appeal of hard seltzers as a flavorful alternative to traditional alcoholic beverages.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

North America holds the leading position owing to the rising acceptance of alcohol consumption in social norms.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall global market and its key subsegments.

• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.

• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Global Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery
• Cost-Effective Service Options

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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