According to the report, Emerging Trend of Hard Soda and Increased Focus on the Development to Add More Flavors and Varieties
is one of the primary growth factors for the market. Increasing Demand for Alcohol-Free or Low-ABV Beers Due to Increasing Health-Conscious Population
is also expected to contribute significantly to the Hard Soda market. Overall, applications of Hard Soda, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models Ė a trend that will continue in the future.
AMAs Analyst on the Global Hard Soda Market identified that the demand is rising in many different parts of the world due to "Rapidly Increasing Number of Taprooms and Breweries Worldwide
". Furthermore, some recent industry insights like "In December 2021, Anheuser-Busch announced the launch of a line of Bud Light-branded hard soda with flavors including cola, cherry cola, orange, and lemon-lime. The newly launched hard sodas contain 5% alcohol, have 100 calories, and donít contains sugar or gluten. With this launch, the aim of AB InBev is to expand its reach into other adult offerings, including hard seltzer and frozen icicles." is constantly making the industry dynamic. One of the challenges that industry facing is "High Sugar Content and Artificial Ingredients to Add Flavor of Soft Drinks into Hard Soda May Affect the Growth"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Hard Soda market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hard Soda market and other related sub-markets covered in the study.
o Key & emerging players in the Hard Soda market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hard Soda market size is calculated using market estimation process, the Hard Soda market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hard Soda market size has been validated using both top-down and bottom-up approaches.