Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 17.84583639777153 USD Million |
| 2019 | 34.95005914271323 USD Million |
| 2020 | 61.727394102009654 USD Million |
| 2021 | 80.04599906045941 USD Million |
| 2022 | 191.8232861814113 USD Million |
| 2023 | 373.7128900627846 USD Million |
| 2024 | 420.4597479463628 USD Million |
| 2025 | 478.8278018099511 USD Million |
| 2026 | 552.6961918059612 USD Million |
| 2027 | 647.149024977411 USD Million |
| 2028 | 775.4759241079371 USD Million |
| 2029 | 941.2362293263384 USD Million |
| 2030 | 1150.442441435948 USD Million |
| 2031 | 1420.5079486475083 USD Million |
| 2032 | 1775.9287953952585 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The French hard seltzer market has experienced immense growth since 2018 and continues to remain the most dynamic and exciting drink sector in France. With the rapidly growing number of health and wellness-conscious millennials, many manufacturers and suppliers have shifted their strategies to accommodate this new market.The main drivers of demand within the French hard seltzer market have been the increasing popularity of the category and its highly customizable nature. In addition, hard seltzers tend to be easy to drink and contain fewer calories than other alcoholic beverages.In terms of production, there has been an increasingly large number of craft brewers producing hard seltzer in the last year. This has further increased the number of iteration of products, which include flavorings such as red berry, vanilla, peach, and more.In 2018, the demand for hard seltzers was focused mainly within the cities of Paris and Bordeaux. However, the trend is now slowly spreading across the country and has become popular in cities such as Lille, Lyon, and Toulouse.Packaging for hard seltzers has also seen a significant evolution as well as the sophistication of the designs has significantly increased.
In keeping with consumer trends, 12oz cans and ready-to-drink cocktails are quickly gaining traction alongside traditional bottles.The future outlook for the French hard seltzer market looks very promising. Increased product visibility and innovative flavors are set to drive demand. In addition, the popularity of French craft beers among lucky demographic groups is expected to further drive this trend.Furthermore, the rise of numerous trendy bars and outdoor venues allows the hard seltzer category to garner more attention. Finally, the rise of smaller craft brewers and producers is expected to expand consumer choice even further.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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