Hard Seltzer - Singapore

  • Singapore
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Hard Seltzer market amounts to €1.1m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to €6.2m in 2024.
  • Revenue, combined amounts to €7.3m in 2024.
  • The revenue, at home is expected to grow annually by 1.70% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated in the United States (€8,033m in 2024).
  • In relation to total population figures, the average revenue per capita, at home of €0.19 are generated in 2024.
  • In the Hard Seltzer market, volume, at home is expected to amount to 109.2k L by 2024.
  • Volume, out-of-home is expected to amount to 230.5k L in 2024.
  • Volume, combined is expected to amount to 339.7k L in 2024.
  • The Hard Seltzer market is expected to show a volume growth, at home of -1.5% in 2025.
  • The average volume per person, at home in the Hard Seltzer market is expected to amount to 0.02L in 2024.

Key regions: China, Singapore, Australia, Philippines, Worldwide

 
Mercado
 
Región
 
Comparación de regiones
 
Moneda
 

Analyst Opinion

The Hard Seltzer market in Singapore is experiencing significant growth and development.

Customer preferences:
Singaporean consumers are increasingly seeking healthier and lower-calorie beverage options, which has contributed to the rising popularity of Hard Seltzers. With a growing focus on wellness and health-consciousness, consumers are drawn to the low sugar and low-calorie content of Hard Seltzers compared to traditional alcoholic beverages. Additionally, the refreshing and light nature of Hard Seltzers appeals to consumers looking for a lighter alternative to beer or spirits.

Trends in the market:
One of the key trends in the Hard Seltzer market in Singapore is the introduction of a wide variety of flavors. Manufacturers are constantly innovating and introducing new flavors to cater to the diverse preferences of consumers. This trend not only attracts existing consumers but also entices new consumers to try different flavors and brands. Moreover, the convenience factor of ready-to-drink cans has also contributed to the growth of the market, as it allows consumers to enjoy their favorite Hard Seltzers on-the-go or at social gatherings.

Local special circumstances:
Singapore's tropical climate plays a significant role in the development of the Hard Seltzer market. The hot and humid weather creates a demand for refreshing and hydrating beverages, making Hard Seltzers an ideal choice for consumers looking to quench their thirst. Additionally, the growing trend of socializing and outdoor activities in Singapore further drives the demand for convenient and portable alcoholic beverages like Hard Seltzers.

Underlying macroeconomic factors:
The growing affluence of the Singaporean population has contributed to the development of the Hard Seltzer market. As disposable incomes rise, consumers have more purchasing power to spend on premium and trendy alcoholic beverages. Additionally, the increasing urbanization and Western influence in Singapore have led to a shift in consumer preferences towards international beverage trends. This has created a favorable environment for the growth of the Hard Seltzer market, as it aligns with the global trend of healthier and low-calorie alcoholic options. In conclusion, the Hard Seltzer market in Singapore is witnessing significant growth and development due to consumer preferences for healthier and lower-calorie beverages, the introduction of a wide variety of flavors, the convenience factor of ready-to-drink cans, the tropical climate, and the underlying macroeconomic factors of growing affluence and Western influence. These factors combined create a favorable market environment for the continued expansion of the Hard Seltzer market in Singapore.

Methodology

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Volume
  • Price
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Espere, por favor

Contacto

¿Alguna duda? Estaremos encantados de atenderte.
Statista Locations
Contacto Nerea Marcos
Nerea Marcos
Client Success Manager

Lu - vi, 9:30 - 17:00 h (CET)

Contacto Meredith Alda
Meredith Alda
Sales Manager– Contacto (Estados Unidos)

Lu - vi, 9:00 - 18:00 h (EST)

Contacto Yolanda Mega
Yolanda Mega
Operations Manager– Contacto (Asia)

Lu - vi, 9:00 - 17:00 h (SGT)

Contacto Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contacto (Asia)

Lu - vi, 10:00 - 18:00 h (JST)

Contacto Lodovica Biagi
Lodovica Biagi
Director of Operations– Contacto (Europa)

Lu - vi, 9:30 - 17:00 h (GMT)

Contacto Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contacto (América Latina)

Lu - vi, 9:00am-6:00pm (EST)