Rising health concerns combined with an exploding population base and a surge in purchasing power driving vendors to consolidate their footing across the Asia Pacific
ROCKVILLE, MD / ACCESSWIRE / January 22, 2021 / Award winning market research company Fact.MR has published an exhaustive report on the global non-alcoholic beer market. According to the study, the market is poised to expand at impressive annual growth levels in 2021 over 2020, attributed to a shifting beverage consumption landscape. Growth prospects appear highly optimistic for the next decade, registering a noteworthy CAGR through 2031.
The market has made substantial gains in the recent past, with preference for alcohol and calorie free beverages aggrandizing across prominent regions. Manufacturers have found massive revenue pools across the U.S market, with Fact.MR projecting over a fifth of the total revenue generation. Growth is underpinned by rising instances of excessive alcohol consumption related deaths, with the Center for Disease Control and Prevention (CDC) estimating the toll at 95,000 deaths annually, costing nearly US$ 250 billion to the economy.
Opportunities are aplenty across emerging economies, with heightened purchasing power shifting the beverage demographics towards healthy drinking. China represents a lucrative opportunity, with over one out of four beers launched in 2016 consisting of low to no alcohol content. India is not far behind, with over two-fifths of the young generation switching over to non-alcoholic beer consumption. Hence, manufacturers are diverting their resources and production capacities towards the Asia-Pacific region, anticipating immense gains in the future.
"Vendors are increasingly experimenting with numerous flavor combinations with the objective of catering to consumers' multisensory experiences in order to acquire a wider share in the global landscape, heightening growth prospects," remarks the Fact.MR analyst.
Request a report sample with 170 pages to gain comprehensive insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=4473
Key Takeaways from Fact.MR's Non-Alcoholic Beer Study
- Hops to remain the primary brewing ingredient for non-alcoholic beer, malted grains to acquire popularity
- High preference for alcohol free (0.0% ABV) observed amongst the millennials owing to heightened health consciousness
- By technology, restricted fermentation to be the primary brewing technique
- Supermarkets remain primary point of contact for non-alcoholic beer sales, online channels acquiring major traction
- U.K to experience steady Y-o-Y growth underpinned by the paradigm shift towards healthy drinking
- Germany to register impressive growth owing to the presence of prominent beer manufacturers, France to follow suit
- Japan to account for three out ten non-alcoholic beer sales
Non-Alcoholic Beer Market- Prominent Drivers
- Increased prevalence of chronic lifestyle diseases are stimulating healthy consumption trends, providing traction to market growth
- Stringent anti-alcohol consumption regulations and prohibitions imposed in key countries are likely to stimulate future sales
- Surging disposable income levels is heightening preference for exotic beverages, thus providing impetus to the market
Non-Alcoholic Beer Market- Key Restraints
- Prohibition laws prevent companies marketing beer with 1% alcohol from effectively penetrating prominent regions
- Preference for substitutes such as carbonated/aerated beverages to their greater affordability to hinder sales
Discover more about the non-alcoholic beer market with 103 figures and 123 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4473/non-alcoholic-beer-market
Fact.MR's coverage on the non-alcoholic beer market includes the following prominent players: Carlsberg Group, Heineken N.V., Coors Brewing Company, Anheuser Busch, Kirin, Suntory Beer, Moscow Brewery Company, Krombacher Brauerei, Big Drop Brewing Co. and Bravus Brewing Company among others.
These players rely on niche marketing as a primary expansion strategy, targeting a select age group of the global population, mostly people aged between 18 and 34 years. Consequently, the market is characterized by frequent product launches, requiring vendors to expand their production and research capacities. Moreover, reliance on acquisitions and collaborations is also commonplace.
For instance, Carlsberg Group has collaborated with Bitburger Braugruppe to acquire the Wernesgruner Brewery in December 2020, to expand their supply chain networks and improve production efficiency. The transition was expected to be completed by January 1 2021. With respect to product launches, Heineken N.V introduced the Heineken 0.0 zero alcohol beer brand in India in 2019.
More Insights on Fact.MR's Non-Alcoholic Beer Market Report
Fact.MR brings to fore an unbiased analysis of the global non-alcoholic beer market. The study divulges compelling insights on the non-alcoholic beers market on the basis of material (grapes, berries/apples, malted grains, hops, yeast, enzymes), by type (alcohol free (0.0% abv), low-alcohol (upto 1% abv)), by technology (restricted fermentation, dealcoholization), sales channel (liquor stores, convenience stores, supermarkets, online stores, restaurants & bars, travel retails) across several regions.
Explore Fact.MR's Extensive Coverage on the Food & Beverages Domain
Non Dairy Toppings Market: A new market study published by Fact.MR on the global non-dairy toppings market provides readers with an exhaustive analysis on key market dynamics, including the drivers, restraints, opportunities, and trends, along with comprehensive data on the structure of the market. The report also provides information on the growth of the non-dairy toppings market throughout the assessment period of 2021 to 2031.
Marine Oil Market: A recent study by Fact.MR on the marine oil market offers 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the marine oil market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders.
Carotenoids Market: Fact.MR's carotenoids market study brings to fore valuable growth insights responsible for shaping growth trajectory of the market for the forthcoming decade, explication on such key attributes as the prominent expansion drivers, opportunities and trends prevailing across prominent regions and key segments.
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we'll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
E: [email protected]
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates