The Low & No Alcohol Beverages Market Size is valued at 23.41 Billion in 2022 and is predicted to reach 39.37 Billion by the year 2031 at a 6.09 % CAGR during the forecast period for 2023-2031.
Beverages comprising little or no amount of alcohol are defined as low & no alcoholic beverages. Over the last few years, The Low and no alcoholic beverage industry witnessed rapid growth. With the increased market focus on health and wellbeing, it is projected that the non-alcoholic beverage market will be a source of growth and development in the coming years. Moreover, Low & no alcohol beverages along with a balanced diet and exercise may help in maintaining a healthy weight. The market and product range are diversifying into beers, lagers, stouts, Still and Sparkling Wine, and even some mixed spirits.
The growth of Low & No Alcohol Beverages the market can be attributed to a shift in consumption patterns towards healthier drink alternatives. The industry is also expected to exhibit remarkable growth over the forecast period owing to Increasing concerns regarding obesity and health awareness. Moreover, the introduction of functional drinks, favorable government policies along with the growing number of innovations across the beverage sector are expected to create growth opportunities for low & no alcohol beverages manufacturers. On-going R&D activities for developing a product based on customer's dynamic needs is further anticipated to show significant market growth during the forecast period.
Market Segmentation
The global Low & No Alcohol Beverages market is categorized on the basis of product, end-user, and region. On the basis of product type, the market is segmented into Beer, Still and Sparkling Wine, Mixed Drinks, Spirits (liqueurs), Spirits (non-liqueurs), and others. On the basis of End-use, the market is segmented into Liquor Stores, Convenience Stores, Supermarkets, Online Stores, Restaurants & Bar, and others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that, Europe held the largest share of the market, followed by America and the Asia Pacific. On the other hand, Asia-Pacific is expected to dominate the market during the analysis of the forecast period.
Competitive Landscape
Some Major Key Players In The Low & No Alcohol Beverages Market:
- Anheuser-Busch In Bev,
- Asahi Breweries, Ltd.,
- Athletic Brewing Company,
- Beam Suntory, Inc.,
- Big Drop Brewing Co. Ltd.,
- Carlton & United Breweries,
- Hansen Holding A/S,
- Curious Elixirs,
- Floreat Wines,
- Gnista Spirits,
- Kirin Holdings Company, Limited.
- Lagunitas Brewing Company,
- Lowlander Beer Co.,
- Hoplark HopTea,
- Mocktail Beverages, Inc.,
- Other Prominent Players.
Low & No Alcohol Beverages Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 23.41 Billion |
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Revenue Forecast In 2031 |
USD 30.37 Billion |
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Growth Rate CAGR |
CAGR of 6.09 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Products Type, By Distribution Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Anheuser-Busch In Bev, Asahi Breweries, Ltd., Athletic Brewing Company, Beam Suntory, Inc., Big Drop Brewing Co. Ltd., Carlton & United Breweries, Chr. Hansen Holding A/S, Curious Elixirs, Floreat Wines, Gnista Spirits, Kirin Holdings Company, Limited. Lagunitas Brewing Company, Lowlander Beer Co., Hoplark HopTea, Mocktail Beverages, Inc., and Other Prominent Players. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
