Hi,
It is fortunately not hard-coded, it can be changed really easily on the back-end under the Layout Options -> Search box layout panel: https://i.imgur.com/1auPO3O.png
If you are using a multi-language environment then using WPML String translations or Polylang it can be translated as a dynamic text as well. The string name to look for is ‘Search bar placeholder text’: https://i.imgur.com/6oBeetH.png
Best,
Ernest Marcinko
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