(Entertainment-NewsWire.com, August 22, 2023 ) The total global market for the “Hard Seltzer Market” was valued at USD 8.7 Billion in 2022 and is expected to grow at a CAGR of 22.2 percent over the forecast period to reach USD 35.40 Billion by 2029.
Hard Seltzer Market Report Scope and Research Methodology
The Hard Seltzer Market employs a comprehensive methodology, combining a bottom-up approach and multiple data triangulation techniques to ensure accurate market size estimation and robust forecasts. The research process encompasses intricate market engineering and meticulous calculations for precise market statistics, size estimations, and forecasts, breakdowns, and data triangulation.
The Hard Seltzer Market is growing due to shifting consumer preferences towards low-calorie and flavored alcoholic beverages, increased health-consciousness, and the appeal of refreshing, ready-to-drink options. The trend aligns with the demand for innovative alternatives to traditional alcoholic beverages, driving the market's expansion and capturing a diverse consumer base.
Hard Seltzer Market Regional Insights
North America dominates the Hard Seltzer Market due to its early adoption, robust distribution networks, and evolving beverage trends. The region's preference for low-calorie and flavourful alcoholic options, along with a youthful demographic seeking innovative choices, contributes to its leadership in driving the hard seltzer market's growth.
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
Hard Tea Market - The Market size is expected to reach USD 10.85 Billion by 2029 at a CAGR of 25.6 percent during the forecast period.
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