North America Hard Seltzer Market Size 2018 At More Than High CAGR By 2029 | TechSci Research

North America Hard Seltzer Market is being propelled by the rising demand for low-alcohol beverages and growing awareness of the health benefits of hard seltzer.

As per the TechSci Research report titled "North America Hard Seltzer Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029," the North America Hard Seltzer Market recorded a valuation of USD 4,484.73 million in 2022 and is poised for a robust growth trajectory with a projected CAGR of 22.83% during the forecast period from 2024 to 2028. Experiencing explosive growth in recent years, this market is propelled by shifting consumer preferences toward healthier and more diverse alcoholic beverage choices. Encompassing the United States, Canada, and Mexico, the primary engine of this growth is the United States.

Key drivers of this market include prevailing health and wellness trends, continuous flavor innovation, the convenience and portability of hard seltzers, and the effectiveness of marketing and branding strategies. However, challenges such as intense competition, regulatory uncertainties, evolving consumer tastes, and seasonality persist. In response to consumer desires for moderation and novelty in their beverage choices, hard seltzers remain at the forefront of reshaping the alcoholic beverage industry and maintaining their prominence in North America.

Browse over XX market data Figures spread through 83 Pages and an in-depth TOC on "North America Hard Seltzer Market.”

https://www.techsciresearch.com/report/north-america-hard-seltzer-market/5128.html

A key driver behind the success of this market is the ongoing shift in consumer preferences towards healthier and more mindful drinking choices. The increasing prevalence of health and wellness trends has positioned hard seltzers as a preferred option among consumers seeking a balance between enjoying alcoholic beverages and maintaining a health-conscious lifestyle. Typically featuring fewer calories, less sugar, and often being gluten-free, hard seltzers attract those looking to limit their caloric and sugar intake while indulging in alcoholic refreshment.

The surge in health-conscious drinking habits is further propelled by the demand for variety in alcoholic beverages. The North America Hard Seltzer Market has responded to this demand with a diverse range of flavors, ranging from traditional citrus and berry profiles to innovative and exotic combinations like mango, watermelon, and tropical fruit blends. This flavor diversity opens up new avenues for consumers to explore different tastes, making hard seltzers an appealing option for those seeking novelty and variety in their drinking experiences.

The market's ability to cater to changing tastes and preferences is enhanced by the convenience and portability of hard seltzers. Typically packaged in cans, these beverages are ideal for on-the-go consumption, perfectly suited for outdoor activities, picnics, concerts, and other social gatherings. The ready-to-drink nature of hard seltzers, coupled with their lightweight and eco-friendly packaging, eliminates the need for glass bottles or mixers, reducing the risk of overconsumption and promoting responsible drinking habits.

Effective marketing and branding have played a pivotal role in the market's growth. Major players such as White Claw, Truly, and Bud Light Seltzer have made significant investments in building strong brand identities and impactful marketing campaigns. Leveraging social media, influencer marketing, and partnerships with popular events and music festivals, these brands have successfully created a strong presence. Associating their products with a fun and carefree lifestyle, they have captured the attention of younger consumers drawn to these trendy and aspirational beverage choices.

The North America Hard Seltzer market is segmented based on ABV content, distribution channel, and region. In terms of distribution channel, the off-premise segment is experiencing substantial growth. This reflects consumers' increasing preference for purchasing hard seltzers in retail settings such as liquor stores, grocery outlets, and convenience stores for consumption at home. Factors contributing to this surge include convenience, safety considerations, and the availability of a wide range of hard seltzer brands and flavors in retail locations. The COVID-19 pandemic has further accelerated this shift as people opted for home consumption, with retailers adapting by offering online ordering and delivery services, strengthening the prominence of the off-premise segment in the market.

Major companies operating in North America Hard Seltzer  market are:

  • Mark Anthony Brands International (White Claw Hard Seltzer)
  • The Boston Beer Company,Inc. (Truly)
  • Anheuser-Busch Companies LLC (Bud light Seltzer,Natural light SeltzerBon & Viv Seltzer)
  • E.& J. Gallo Winery (High Noon Spirits Company)
  • Molson Coors Beverage Company (Coors Seltzer, Vizzy Hard Seltzer, Topo Chico Hard Seltzer, and Proof Point Setlzer)
  • Diageo North America Inc. (Smirnoff Seltzer)
  • Ficks & Co.
  • Nude Beverages
  • Kona Brewing Co.
  • Heineken USA Incorporated (AriZona SunRise Hard Seltzer)

 

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"The North America Hard Seltzer Market is experiencing remarkable growth, propelled by health-conscious consumers in search of low-calorie alternatives. The United States stands at the forefront, boasting established brands and a diverse range of flavors. Noteworthy trends in this market include flavor innovation, options with low alcohol by volume (ABV) and no-alcohol, premiumization, and a focus on sustainability. Challenges encompass fierce competition, regulatory uncertainties, evolving consumer preferences, and seasonality factors. A notable shift towards off-premise consumption and a preference for convenience is evident. The trajectory of this market emphasizes the dominant position of the United States and the consistent consumer inclination towards refreshing, versatile, and health-conscious alcoholic beverage choices," stated Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm.

The report titled "North America Hard Seltzer Market By ABV Content (Equals to 5%, Less than 5%, More than 5%), By Distribution Channel (Off-Premise, On-Premise) By Region, By Competition Forecast & Opportunities, 2018-2028F" evaluates the future growth potential of the North America Hard Seltzer market. It provides statistics and information on market size, structure, and future market growth. The report aims to deliver cutting-edge market intelligence to assist decision-makers in making informed investment decisions. Additionally, it identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities in the North America Hard Seltzer market.

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