Global Hard Seltzer Market to Reach US$ 13.5 Billion by 2028, Stimulated by the Rising Consumption of Alcoholic Beverages

According to the latest report by IMARC Group, titled “Hard Seltzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global hard seltzer market size reached US$ 6.3 Billion in 2022. Hard seltzer is an alcoholic beverage that is prepared by fermenting cane sugar or malted barley and then carbonating the resulting liquid. It is a light drink and has a refreshing taste, often infused with various natural flavors, such as lime, berry, or mango. It is generally low in calories and carbohydrates, making it a favored choice for health-conscious consumers. Its appeal also lies in its gluten-free options and versatility, as it can be consumed on its own or used as a base for mixed drinks. The beverage is seeing a rise in popularity, particularly among individuals who are mindful of their health and those with specific medical conditions such as allergies, celiac disease, and various inflammatory or autoimmune disorders.

Global Hard Seltzer Market Trends:

The global market is primarily driven by changing consumer preferences that are evolving toward beverages that are perceived as healthier or less indulgent. Hard seltzers typically contain fewer calories and carbohydrates compared to traditional beers or mixed drinks, making them a popular choice among health-conscious individuals. Moreover, the versatility of hard seltzer appeals to a broad audience. Whether enjoyed alone or as a cocktail base, its various flavors offer something for everyone. This flexibility also makes it a favorite for social gatherings and events. In addition to health and versatility, convenience plays a significant role. Hard seltzers are often sold in ready-to-drink cans, making them easy to transport and consume without the need for additional mixers or equipment. This convenience factor has resonance with younger consumers, including millennials and Gen Z, who are a vital demographic for the market's growth. Besides, the legal framework allowing for the sale and consumption of alcoholic beverages, including hard seltzers, remains generally favorable, further facilitating the market. Furthermore, marketing strategies, including social media campaigns and influencer endorsements, have also contributed to raising awareness and driving sales. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 13.5 Billion by 2028, exhibiting a CAGR of 13.46% during 2023-2028.

Market Summary:

• Based on the ABV content, the market has been segmented into 1% to 4.9%, 5% to 6.9%, and 7% and above. Currently, 5% to 6.9% represents the largest market segment.
• On the basis of the packaging material, the market has been divided into cans, glass, and others. Among these, cans exhibit a clear dominance in the market.
• Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, online stores, and others. Among these, supermarkets and hypermarkets account for the largest market share.
• On the basis of the flavor, the market has been divided into cherry, grapefruit, mango, lime, and others. Among these, cherry exhibits a clear dominance in the market.
• Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Among these, North America holds the leading position in the market.
• The competitive landscape of the market has also been examined, with some of the key players being Anheuser-Busch InBev, 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 and White Claw Hard Seltzer.

Report Coverage:

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