Brand Story
08 Dec 2022, 21:43 GMT+10
According to a recent survey by Future Market Insights (FMI), the global non-alcoholic beers market is expected to surpass a valuation of US$ 43.6 Bn by 2032, expanding at a 7.8% CAGR.
Non-Alcoholic Beer Market Size (2022E)
US$ 20.4 Bn
Non-Alcoholic Beer Market Projected Size (2032F)
US$ 43.6 Bn
Non-Alcoholic Beer Market Value-based CAGR (2022-2032)
7.8%
Non-Alcoholic Beer Market Top 3 Countries Market Share
25.8%
Increasing awareness regarding health concerns connected with alcohol consumption is spurring demand for non-alcoholic beverages. Driven by this, non-alcoholic beer is gaining immense popularity over traditional alcoholic drinks.
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Wide availability of non-alcoholic beer at supermarkets is expected to augment the growth in the market. Discounted supermarket prices are garnering consumer attention and driving product demand through this sales channel in a number of locations.
Apart from the health concerns, the millennial generation's propensity to try different flavors in mixed brews and beverages is also fueling sales of non-alcoholic beers. Consumer interest in ethically and organically derived products is growing, which is anticipated to create opportunities for growth in the market.
Also, the emergence mindful drinking trend will provide impetus to sales in the market. Consumers who want to reduce alcohol consumption no longer have to compromise on taste because the overall quality of no-alcohol alternatives has improved over time.
"Increasing availability of non-alcoholic beers at online retail channels, along with growing interest in malt-grain based non-alcoholic beverages will drive sales in the market over the forecast period," says the FMI analyst.
Key Takeaways:
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Competition Landscape
Some of the leading companies offering non-alcoholic beer Big Drop Brewing Co., Anheuser-Busch InBev, Heineken N.V., Bernard Family Brewery Inc., Moscow Brewing Company, Carlsberg A/S, Suntory Beer, Erdinger Weibbrau, Arpanoosh CO, Krombacher Braueri, and others.
Non-Alcoholic Beer Market by Category
By Product:
By Category:
By Material:
By Sales Channel:
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Key Questions Answered in the Report
Top Reports Related To Food and Beverage Market Insights
Butter Market: The global butter market is estimated to reach US$ 17.8 Bn in 2022 and is projected to surpass US$ 28.7 Bn by 2032, at a CAGR of 4.9% during the forecast period of 2022 to 2032.
Spirits Market: The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.
Whiskey Market: Whiskey Market is expected to reach valuation of US$ 80.9 Bn by the year 2021, accelerating at a CAGR of 12.4% by 2022-2032
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Non-Alcoholic Beer Market Expanding at a Healthy 7.8% CAGR, at US$ 43.6 Bn by 2032 appeared first on Future Market Insights.
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