Market overview:

Hard Seltzer Market has been valued $5.5 billion in the year 2019 and it is estimated to reach $11.5 billion by the year 2026, with a CAGR of 13.1 % from 2021 to 2026. Hard Seltzer a drink consisting of fizzy water, alcohol, and flavouring: Hard seltzer is made similarly to beer. Most hard seltzers are low in calories. Because hard seltzer is low in sugar, it's less likely to lead to killer hangovers; these are the main factors that have considerably increased the demand for the Hard Seltzer in the market, thereby driving the huge growth of the Hard Seltzer market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Hard Seltzer in the market are mainly due to the rising adoption of low alcohol content beverages among millennial and the younger generation is driving market demand. Moreover, consumers are trying to reduce their alcohol consumption or becoming ‘sober-curious’, which has further led to an increase in the demand for low-alcoholic beverages. Increase in shift of consumers from alcoholic beverages such as sprits, beer, and wine toward hard seltzer with more than 5% of ABV. Furthermore, hard seltzer with 5% ABV is considered as standard proportion of ingredients, which is majorly produced by the manufactures; these are the main factors that have considerably increased the demand for the Hard Seltzer in the market, thereby driving the huge growth of the Hard Seltzer market in the upcoming years

To know more read:

https://www.marketdataforecast.com/market-reports/hard-seltzer-market

Report is segmented as:

Hard Seltzer Market is segmented on the basis of by packaging; Hard Seltzer Market is segmented on the basis of by abs content:

Hard Seltzer Market is segmented on the basis of by Packaging (Glass Bottles, Metal Cans, and Plastic Bottles)
Hard Seltzer Market is segmented on the basis of by ABV Content (Less Than 5% and More Than 5%)
Geographical Segmentation:

Hard Seltzer Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Hard Seltzer is due to the owing to its commercial benefits including durability, application of multi-colour printing these are the main factors that have considerably increased the demand for the Hard Seltzer in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Hard Seltzer Market

Impact of COVID-19 on Market

Coved -19 pandemic has created huge losses in every sector across the world, and temporary lack of growth in export and import activities, which has impacted the raise of Hard Seltzer market growth. Due to covid-19 many companies has shutdown and stopped their production and has decreased the availability of Hard Seltzer. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Hard Seltzer market growth.

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