Non-Alcoholic Beer Global Market To Reach Value Of About $23 Billion In 2025
6 Aug, 2021
The non-alcoholic beer market consists of sales of non-alcoholic beer by entities (organizations, sole traders, and partnerships) that manufacture non-alcoholic beer. Non-alcoholic beer contains 0% to 1.2% of alcohol and it is generally manufactured by removing alcohol from the finished product or by boiling beer to evaporate the alcohol.
Global Non-Alcoholic Beer Market Size And Drivers:
The global non-alcoholic beer market is expected to grow from $15.09 billion in 2020 to $16.65 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-alcoholic beer market is expected to reach $23.27 billion in 2025 at a CAGR of 8.7%. The growing awareness of the benefits of alcohol-free beverages supported the growth of the non-alcoholic beer market.
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Trends In The Global Non-Alcoholic Beer Market
Non-alcoholic beer manufacturers are introducing innovative products into the market owing to a significant rise in awareness of health consciousness among consumers. Consumers are more concerned about their health and are accepting paying more for food that is specifically good for health. There is an increase in demand for low-alcohol and no-alcohol items from people with the health illness. To capitalize on this, many companies are launching new products into the market to increase their share. For instance, in 2021, UNLTD IPA., an alcohol-free beer manufacturer launched a non-alcoholic beer that has only 13 calories per bottle, is vegan friendly, and gluten-free. Similarly, Athletic Brewing Company, a non-alcoholic beer producer has launched All Out, an extra dark stout with a full-bodied mouthfeel and toasty finish, accented with coffee and bittersweet chocolate.
Global Non-Alcoholic Beer Market Segments:
The global non-alcoholic beer market is further segmented based on product, material, category, distribution channel and geography.
By Product: Alcohol Free, Low Alcohol
By Material: Malted Grains, Hops, Yeasts, Enzymes, Others
By Category: Plain, Flavored
By Distribution Channel: Store-Based, Non-Store-Based
By Geography: The global non-alcoholic beer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the non-alcoholic beer market in 2020.
Read More On The Report For The Global Non-Alcoholic Beer Market At:https://www.thebusinessresearchcompany.com/report/non-alcoholic-beer-global-market-report
Non-Alcoholic Beer Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides non-alcoholic beer market overviews, analyzes and forecasts market size and growth for the global non-alcoholic beer market, non-alcoholic beer market share, non-alcoholic beer market players, non-alcoholic beer market segments and geographies, non-alcoholic beer market’s leading competitors’ revenues, profiles and market shares. The non-alcoholic beer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.