Hard tea market was worth USD 1.99 billion in 2021 and is poised to amplify at a CAGR of 24.7% over 2022-2030, thereby amassing a valuation of USD 14.5 billion by end of the assessment period.
Tea and alcohol are combined to create alcoholic tea. It is drunk cold after being chilled with ice. As island-inspired flavours like Long Island Tea gain popularity, there is a significant demand for cocktails incorporating tea as an ingredient.
Market Overview:
Behind water, tea is the second most popular beverage worldwide. The market for hard teas is being driven by the younger population's increased knowledge of low-content alcoholic beverages and rising demand for healthier beverages.
Alcoholic tea comes in a variety of varieties, including fruity flavours, elegant tea martinis, and sweet tea. The millennial generation strongly prefers alcohol-infused tea. When it comes to the existing tea products, millennials want innovation and variety of flavours. Since alcoholic tea can also be served cold, iced tea is preferred by more than 80% of Americans, who also drink it frequently.
Request Sample Report: https://wemarketresearch.com/sample-request/hard-tea-market/238/
Segmental assessment of the market:
By ABV (%)
- Hard Tea containing 2.0-5.0% ABV
- Hard Tea containing More than 5.1% ABV
By Flavor
- Lemon Hard Tea
- Raspberry Hard Tea
- Peach Hard Tea
- Orange Hard Tea
- Other Flavor Hard Tea
By Distribution Channel
- Supermarkets/Hypermarkets
- Online Distribution Channels
- Other Distribution Channels
Key Market Players:
The prominent companies defining the competitive landscape of this business vertical are The Boston Beer Company, Pabst, Two Chicks Drinks, LLC, Cisco Brewers, Blue Point Brewing (Anheuser-Busch InBev), LoverBoy Inc., Double Brew, LLC, Crook Marker LLC, Nude Beverage, Molson Coors Beverage Company, and Bold Rock Hard Cider.
Notably, in November 2020, White Claw announced the launch of its hard ice tea range. The tea comes in a mixed 12 pack with four flavors including peach, raspberry, mango, and lemon.
COVID-19 Impact:
One of the only industries where the COVID-19 epidemic had no negative effects on demand was the food and beverage industry. stress has caused a dramatic rise in the demand for alcoholic beverages, particularly in COVID-19. However, because both tea and alcohol are known to be addictive beverages, alcoholic tea also has addictive qualities. Once a consumer becomes intoxicated and begins to consume more alcohol than usual, their body needs to have regular access to it in order to function properly. The daily lives of humans now require tea. The market for alcoholic tea is sure to prosper in the United States, where 80% of people drink tea chilled. While the COVID-19 pandemic continues to pose difficulties for the on-trade portion of the alcohol industry, chances for local provenance and online alcohol sales are beginning to emerge in the off-trade sector.
Purchase Full Report: https://wemarketresearch.com/purchase/hard-tea-market/238/?license=single
Frequently Asked Questions:
- What is the growth rate projection for global hard tea market over 2022-2030?
- What are the expansion propellants for global hard tea market?
- What are the major segments covered in the global hard tea market report?
- Which is the fastest growing region in the global hard tea market?
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: [email protected]
