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Global Alcohol-Free Beer Market 2021: By Product Type (Alcohol-free, Low Alcohol), By Material (Malted Grains, Hops), By Production (De-alcoholization, Restricted Fermentation), By Category (Plain, Flavored)Global Alcohol-Free Beer Market is the title of an upcoming market research report offering by Trusted Business Insights. Critical factors, as well as vital data and information, are being analyzed and studied comprehensively in this report. In addition, the revenue share of each segment, region, and country, as well as revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The alcohol-free beer market is segmented by product type, material, technology, category, sales, as well as regions and countries.Request Covid - 19 Impact The Global The Global Alcohol-Free Beer market size was valued at USD $14.28 Billion in 2020, USD $15.48 Billion in 2021, forecasted to reach USD $16.78 Billion in 2022, and is projected to reach USD $32.36 Billion by 2030, and is anticipated to expand at a CAGR of 8.4% over the forecast period from 2020 to 2030.
OverviewThe demand for and the consumption of beverages that have no or low impact or adverse effects on an individuals health have been increasing in recent years. Regular and heavy consumption of alcohol can cause health issues such as coronary heart diseases, liver cirrhosis, etc. The alcohol content in a non-alcoholic beer is extremely low, and ingredients are introduced during the fermentation process to induce the taste of regular beer, but these products do not intoxicate the consumer. The risk of developing health diseases owing to the consumption of non-alcoholic beers is also low; however, there are no known or proven health benefits as of now.
Drivers:Top manufacturers such as Heineken, Tuborg, Budweiser, Corona, and Carlsberg have launched alcohol-free beer variants to increase sales and to cater to a wider range of consumers. In 2017, Heineken launched its new alcohol-free beer variant in Europe. The competition between breweries is increasing in terms of production and sales, and this is resulting in brewers introducing more variants and types of beers in the market to stay ahead of their respective competitors. Supermarkets and hypermarkets are major distribution channels for alcohol-free beer and account for significant revenue shares in the global market. The easy availability of products on e-Commerce and other online platforms is further boosting demand and subsequently fueling market revenue growth. A rising number of supermarket chains, mostly in developing countries, are also expected to further support market growth over the forecast period. Unlike regular beer, there are no restrictions or regulations pertaining to the consumption of non-alcoholic beer.
Restraints:Non-alcoholic beer does have some limitations such as loss of flavor and taste, and shorter shelf life. The brewing of non-alcoholic beer can be time consuming and requires considerable effort. These factors can restrain market growth to a certain extent. Furthermore, the high cost of non-alcoholic beers can result in consumers not opting or exploring brands and products or opting for low-cost substitutes or alternatives such as naturally processed drinks and other such beverages.
Global Alcohol Free Beer Market Segment Analysis:By Product Type: Among the product type segments, the alcohol free segment accounts for majority revenue share due to increasing consumption of products by athletes in addition to consumers who are health-conscious. The low alcohol segment is projected to register a considerably high Compounded Annual Growth Rate (CAGR) throughout the forecast period. By Material: Malted grains segment accounted for the highest revenue share in 2018. Improved sweetness, aroma, and increased shelf life can be considered as factors for this demand. By Production: The de-alcoholization segment accounted for the majority revenue share, due to low operational costs and the inclusion of organic flavors. The restricted fermentation segment is also expected to register a considerable CAGR over the coming years.
By Category: The market is segregated into plain and flavored segments.By Sales: The supermarket segment accounted for the highest revenue share due to rapid urbanization and the increasing number of supermarket chains globally.
Regional Analysis:Europe is projected to account for the highest revenue share in the global market due to factors such as increased production, increased consumption, and availability of products through various distribution channels. The market in the UK is projected to contribute significantly in terms of revenue share due to high demand and preference.
Below are the leading companies profiled in this Alcohol-Free Beer Market Report:
Chapter 1 Methodology and Scope