(Food-Beverage-News.Com, August 23, 2023 ) As per Maximize Market research, the Hard Tea Market was USD 2.2 Bn in 2022 and is expected to grow at a CAGR of 25.6 percent over the forecast period to reach USD 10.85 Bn by 2029.
Hard Tea Market Report Scope and Research Methodology
The report provides a qualitative and quantitative analysis of the Hard Tea Market size, price, demand, mergers and acquisitions, supply chain, investment, and expansion plans by key competitors and predictions. SWOT was used to identify the threats and weaknesses of the market while PESTLE was used to understand the competitive intensity of the Hard Tea industry.
The Hard Tea Market is growing due to evolving consumer preferences for refreshing and low-alcohol beverages. With a focus on health-conscious choices and unique flavors, hard tea offers a blend of convenience, taste, and moderate alcohol content, attracting a wider audience and driving its market expansion.
Hard Tea Market Regional Insights
North American region dominated the hard tea market in 2022. The region's trend of healthier alcohol options and preference for ready-to-drink beverages boosts demand. The rising popularity of alcoholic tea, along with established distribution networks and innovative marketing, solidify North America's dominance in this market, appealing to a diverse consumer base.
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports
Hard Seltzer Market - The market size is expected to reach USD 35.40 Bn by 2029 at a CAGR of 22.2 percent during the forecast period.
Hard kombucha Market -The Market size is expected to reach USD 181.88 Million. by 2029 at a CAGR of 23.76 percent during the forecast period.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.
