Page 43 - Beverage Master_DecJan2022
P. 43

International News

               that hard seltzer is one of the fastest-growing alco-
               holic beverage categories globally. From 2016 to
               2021, its industrial growth in the US is projected
               to average 128% per year (estimates made before
               COVID struck).

                 In 2020, the size of this industry was worth 1.8
               billion dollars and was projected to grow by 35%
               in 2021. From June 2019 to June 2020, its sales
               reached 2.7 billion dollars, accounting for more
               than 10% of non-liquor alcohol sales. Although it
               has been around for centuries, millennial consum-
               ers demand healthier, lower-calorie; gluten-free
               alcoholic beverages have helped spearhead the
               segment’s growth. Only 4% of US households pur-
               chased hard seltzer in the year before 2019, and
               it was almost unknown internationally. The rapid
               growth rate allows new entrants with significant
               finances or great marketing to gain hard seltzer
               market share. The spirited fight is particularly from
               large beer and spirits firms concerned about losing
               beer and spirits market share. In 2016 Anheuser-
               Busch, an American brewing company headquar-
               tered in Saint Louis, Missouri, purchased Boathouse
               Beverages hard seltzer brand. Anheuser-Busch then
               renamed the Spiked Seltzer to Bon and Viv spiked
               seltzer. After renaming the brand, they used the
               Super bowl to advertise the new brand, quickly
               gaining the hard seltzer market share.

                 The stats are good enough to attract investors
               into the seltzer market, but what is really in for
               individuals since the actual consumers are the bare
               facts behind the stats? When you consider all of
               the nutritive qualities it provides, such as low cal-
               ories and carbs, lower alcohol content, gluten-free
               additives, and low sugar content, hard seltzer
               appears to be an appealing option. However, an
               individual may need to dig deeper to determine
               whether they consume legitimate brands that
               provide the stated benefits. The reason for explor-
               ing the brands is that unscrupulous players in the
               industry may mislead consumers with wrong infor-
               mation on the contents of their products, hence
               endangering consumer health.

                 Reduced alcohol consumption also equals fewer
               calories. The majority of hard seltzers come in
               12-ounce canisters and have about 100 calories.
               The quantity of sugar in hard seltzer varies by
               brand. However, the most common hard seltzer
               brands generally advertise their low sugar level,
               usually less than 3 grams per serve.

                                                                  BEVERAGE MASTER    December - January  2022    41





          BM1201222 Main Pages.indd   41                                                                            11/19/21   1:53 PM
   38   39   40   41   42   43   44   45   46   47   48