Are you need IT Support Engineer? Free Consultant
Report ID: FNB0014
Pages: 156
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
MARKET SCOPE:
The global alcoholic seltzer market is projected to grow significantly, registering a CAGR of 14.8% during the forecast period (2024 – 2032).
The diverse global market of Alcoholic Seltzer comprises products categorized primarily based on alcohol content, with segments featuring beverages ranging from 1.0% to 4.9%, those with 5.0% to 6.9%, and other variations. This categorization accommodates varying consumer preferences for alcoholic strengths within the Alcoholic Seltzer category. Additionally, the market is segmented based on Distribution Channel, distinguishing between offline and online channels. The offline segment encompasses traditional retail outlets like supermarkets, liquor stores, and convenience stores, allowing consumers to physically procure Alcoholic Seltzer. Conversely, the online segment pertains to the digital retail space, enabling consumers to make purchases through e-commerce platforms. The market scope reflects the global presence of Alcoholic Seltzer products, tailored to diverse alcohol preferences and offering convenient purchasing options. This segmentation analysis offers insights into the diverse consumer base and distribution channels that contribute to the overall dynamics of the Alcoholic Seltzer market.
MARKET OVERVIEW:
Driver: Increasing low-alcohol and sessionable beverage options is driving the market growth.
The Alcoholic Seltzer market experiences a significant boost from the increasing consumer demand for low-alcohol and sessionable beverage options. There is a growing trend of health-consciousness among consumers, leading to a preference for lighter alcoholic alternatives. Alcoholic Seltzers, with their refreshing and subtle alcoholic profile, align well with this shift in consumer behavior. The market is driven by the appeal of providing a lower-calorie, flavorful, and easy-to-drink alcoholic beverage, meeting the preferences of those seeking a balance between alcohol content and drinkability.
Opportunities: The product innovation and flavor diversity is expected to pave the way for market growth in the upcoming years.
An opportunity for the alcoholic seltzer market lies in innovation and product diversification to cater to evolving consumer tastes. There is a demand for new and unique flavors, as well as the exploration of different alcohol content ranges to provide a broader spectrum of choices. Manufacturers can capitalize on this opportunity by introducing creative and varied Alcoholic Seltzer products that appeal to a wide range of consumer palates. Additionally, focusing on marketing strategies that highlight the product’s versatility, convenience, and alignment with health-conscious lifestyles can further enhance market opportunities.
COVID IMPACT:
The COVID-19 pandemic has had a mixed impact on the Alcoholic Seltzer market. On one hand, the market witnessed disruptions in the supply chain and distribution channels due to lockdowns and restrictions. On the other hand, the pandemic accelerated certain trends, including increased online purchasing of alcoholic beverages. The convenience of online platforms became crucial during lockdowns, and Alcoholic Seltzers, being well-suited for online retail, experienced a surge in demand. The pandemic also influenced consumer behavior, with a heightened focus on at-home consumption and a preference for ready-to-drink options. Despite initial challenges, the adaptability of the Alcoholic Seltzer market contributed to its resilience and ability to meet changing consumer needs during the pandemic.
SEGMENTATION ANALYSIS:
Type segment of Alcoholic Seltzer market are anticipated to grow significantly during the forecast period.
The segment with 1.0% to 4.9% alcohol content is tailored to meet the preferences of consumers who are inclined towards lighter alcoholic beverages. Positioned as a lower-alcohol alternative, beverages within this range are likely to resonate with health-conscious individuals seeking a refreshing drink with a subtle alcoholic kick. This segment aligns seamlessly with the prevailing trend towards reduced-calorie and session able alcoholic beverages, catering to the evolving tastes of the modern consumer. In the 5.0% to 6.9% alcohol content segment, the market offers a slightly stronger option for consumers desiring a more pronounced alcoholic presence without the heaviness associated with traditional spirits. Beverages falling within this category are positioned to attract individuals seeking a well-balanced combination of flavor, alcohol content, and overall drinkability, reflecting a nuanced approach to alcoholic beverage choices. The “Others” category in alcohol content encompasses products with alcohol levels outside the specified ranges, potentially including higher-alcohol variants or specialty formulations. This category represents a niche market catering to consumers with specific preferences for unique and experimental offerings, highlighting the market’s capacity for diversity and innovation.
Moving on to distribution channel segmentation, the “Offline” segment includes traditional brick-and-mortar retail channels like supermarkets, liquor stores, convenience stores, and other physical points of sale. These offline channels continue to play a crucial role in consumer accessibility, providing opportunities for in-person purchases and direct interaction with products. On the other hand, the “Online” segment corresponds to the digital retail landscape, enabling consumers to purchase Alcoholic Seltzer through e-commerce platforms. The online channel has gained significance, particularly with the rise of direct-to-consumer models and the convenience of doorstep delivery. This online presence contributes to the market’s adaptability in the ever-evolving retail landscape, aligning with the changing preferences and shopping behaviors of contemporary consumers.
REGIONAL ANALYSIS:
All prominent nations are set to witness significant growth during the forecast period.
The steady growth of the global alcoholic seltzer market is primarily attributed to the heightened demand for alternatives with low calorie, carbohydrate, and alcohol content. This surge in demand is particularly prominent in developed countries, including the United States, Australia, and Japan. Consumers in these regions are increasingly seeking beverages that offer a balance between reduced caloric intake and a refreshing, light alcoholic experience. The popularity of alcoholic seltzers aligns with the global trend of health-consciousness, where individuals are opting for beverage options that cater to their wellness goals. This market expansion is indicative of the evolving preferences of consumers, emphasizing a preference for lighter and sessional alcoholic alternatives, contributing to the overall growth of the alcoholic seltzer market.
COMPETITIVE ANALYSIS
The global alcoholic seltzer market is reasonably competitive with mergers, acquisitions, and Distribution Channel launches. See some of the major key players in the market.
Scope of the Report
It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
** In – depth qualitative analysis will be provided in the final report subject to market
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.