Connect with us

Hi, what are you looking for?

Non-Alcoholic Beer Market To Soar In The COVID-19 Lockdown Period

The adoption of a non-alcoholic lifestyle in Asia Pacific countries like India and Japan is a key driver of the non-alcoholic beer market growth.

Non-Alcoholic Beer Market -Overview

The demand for non-alcoholic beverages is predicted to rise owing to a surge in health awareness in the end-user base through the forecast period. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The Non-Alcoholic Beer market is projected to gain a CAGR of 8.28% and accomplish a market value of USD 9.62 Bn by the conclusion of 2027.

The rise in ailments connected to increased consumption of alcoholic beverages is estimated to guide the non-alcoholic beer market companies’ growth in the forthcoming period. Moreover, increased spending on marketing and publicity is estimated to ensure a better market penetration rate for non-alcoholic beer products in the impending period.

Segmental Analysis

The segmental investigation of the non-alcoholic beer market has been conducted based on category, distribution channel, product type, and region. On the basis of distribution channels, the non-alcoholic beer industry is split into store-based and non-store-based. The non-alcoholic beer market is segmented into 0.5% alcohol by volume and alcohol-free based on the product type. Based on category, the non-alcoholic beer market is split into flavored and plain. The regions studied in the non-alcoholic beer market are North America, Europe, APAC, and other vital regional markets.

Get Customized Sample with Complete TOC, Inclusive of COVID-19 Industry Analysis:https://www.marketresearchfuture.com/sample_request/3912

Detailed Regional Analysis

The regional outlook of the non-alcoholic beer market includes North America, Europe, APAC and other vital regional markets. The North American non-alcoholic beer market is the dominating market with a 36.70% share of the worldwide market. The swelling cases of heart diseases, a mounting number of the employed population, and stern government laws on alcohol drinking are anticipated to be key motivating forces for the regional non-alcoholic beer market to advance throughout the forecast period. The European region’s non-alcoholic beer market is projected to grow at the quickest rate in the non-alcoholic beer industry owing to the mounting trend of ‘clean living’ and increased drinking of specialty beers with minimal alcohol content are majorly swaying the regional market development. Furthermore, the systematized retail sector incidence in nations such as the U.K. and Germany is further driving the regional non-alcoholic beer market’s advance.

Competitive Analysis

The progress in the distribution of vaccines is estimated to fasten the market’s development as optimistic sentiment returns to the market. The majority stake contenders are assessed to take an enhanced amount of risk to achieve their overall targets by aligning the resources needed to accomplish this goal. The return in demand stability is estimated to herald a positive development phase in the global market in the forecast period. The positive influence of macro market reforms is predicted to ripple favorably throughout the global market in the forecast period. The challenges of business stability and diminished cash flows due to the pandemic are estimated to be rectified gradually in the coming years. The market is estimated to be powered by the developments visible in the global market that are being instated to create a swift return to normalcy. The focus on sustained growth in the market is likely to reveal promising development options in the forecast period. Foreign portfolio investors are predicted to play a vital role in expanding the business interest of new businesses innovating the market’s product range.

Make a Purchase Report Enquiry:https://www.marketresearchfuture.com/enquiry/3912

The strategic players summarized in non-alcoholic beer are Anheuser-Busch InBev SA (Belgium), Erdinger Weibbrau (Germany), Bernard Brewery (Czech Republic), Big Drop Brewing Co. (U.K.), Heineken N.V. (Netherland), Krombacher Brauerei (Germany), and Suntory Beer (Japan) among many others.

Industry Update

Jan 2021 Athletic Brewing Co, a Connecticut-based company that produces only non-alcoholic (N.A.) beer, has revealed an impressive list of high-profile supporters. It comprises of pro football stars, bicycling legend Lance Armstrong, as well as Tom’s Shoes LLC founder Blake Mycoskie. The celebrity backers have financed Athletic for as long as three years. Their participation in the band hadn’t formerly been declared. The NA beer group has seen major growth throughout the pandemic, even though news early on that alcohol drinking had jumped. Athletic’s retailing grew about 500% in 2020, associated with the preceding year, from USD 2.5 million to about USD 15 million in revenue.

Feb 2021 Drop Bear Beer Co’s strategy to build an alcohol-free brewery has taken an important leap forward with a 1.5m financings by one of Wales’ most successful businesspersons. The participation of Henry Engelhardt, founder of Admiral Group and humanitarian, has carried the entire investment solicited for the brewery to 1.8m. It will aid the company in beginning the second U.K. – and first Welsh alcohol-free brewery. When all phases of the scheme have been finished, the brewery will be as big as 20,000 sq ft.

Have Any Query? Connect with Our Research Expert 24*7:https://www.marketresearchfuture.com/ask_for_schedule_call/3912

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Wantstats Research and Media Private Limited
Website: https://www.marketresearchfuture.com/reports/non-alcoholic-beer-market-3912

Source URL: https://marketersmedia.com/non-alcoholic-beer-market-to-soar-in-the-covid-19-lockdown-period/89061327

Release ID: 89061327

comtex tracking

COMTEX_401135305/2773/2022-01-24T20:32:12

Written By

You may also like:

World

Silos and ports across Ukraine are now brimming with millions of tonnes of grain with nowhere to go - Copyright AFP Yasuyoshi CHIBADavid STOUTStaring...

World

The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous crisis.

World

Times change; conservatives don’t. The expiry date is clear enough, surely.

Business

Multiple Jif peanut butter products are being recalled due to potential Salmonella contamination.