Tuesday, April 16, 2024

Non-Alcoholic Beer Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

 Overview and Scope

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.

Sizing and Forecast
The non-alcoholic beer market size has grown strongly in recent years. It will grow from $20.08  billion in 2023 to $21.94  billion in 2024 at a compound annual growth rate (CAGR) of 9.3%.  The  growth in the historic period can be attributed to expansion of online sales platforms, changing consumer preferences, improved taste and quality, prevalence of alcohol-related diseases, strong economic growth in emerging markets.

The non-alcoholic beer market size is expected to see strong growth in the next few years. It will grow to $31.99  billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.  The growth in the forecast period can be attributed to government initiatives and public health campaigns, sustainability and eco-friendly brewing, changes in health-conscious consumers and lifestyles, cultural and religious factors, greater presence of no- and low-alc beers in the on-premise. Major trends in the forecast period include new product development, craft and artisanal non-alcoholic beers, alcohol-free socializing, non-alcoholic beer in sports and fitness, collaborations and flavor innovation.

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Segmentation & Regional Insights
The non-alcoholic beer market covered in this report is segmented –
1) By Product: Alcohol free, Low alcohol
2) By Material: Malted Grains, Hops, Yeasts, Enzymes, Other Materials
3) By Category: Plain, Flavored
4) By Distribution Channel: Store-based, Non-Store-based

North America was the largest region in the non-alcoholic beer market in 2023. The regions covered in the non-alcoholic beer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The growing awareness of the benefits of alcohol-free beverages supported the growth of the non-alcoholic beer market in the historic period. Alcohol-free beer or non-alcoholic beer generally contains negligible or very little alcohol, which usually ranges from 0% to 1.2%. According to an article by Upstream Brewing Company, alcohol-free beer improves cardiovascular health, increases bone mineral density, reduces the risk of osteoporosis, and also stimulates breast milk production. For instance, according to a 2021 survey, 38% of Indians wish to switch from standard strength beer to no or low-alcohol beer. The trend is prevalent among young consumers in the 25 to 34 age group with 41% of young beer consumers willing to switch to no or low-alcohol beers . Therefore, growing awareness of the benefits of alcohol-free beverages supported the growth of the non-alcoholic beer market.

Key Industry Players
Major companies operating in the non-alcoholic beer market include  Anheuser-Busch InBev SA, BERNARD Family Brewery Inc., Big Drop Brewing Co., Carlsberg Breweries Group, Coors Brewing Company, Erdinger Weibbrau GmbH, Heineken N.V., Krombacher Brauerei Bernhard Schadeberg GmbH & Co. KG,  Moscow Brewing Company, Royal Swinkels Family Brewers UK Ltd., Suntory Holdings Limited, Kirin Brewery Company, The Bayerische Staatsbrauerei Weihenstephan, Athletic Brewing Company, Clausthaler Inc., BrewDog plc, Bitburger Braugruppe GmbH, Paulaner Brauerei Gruppe GmbH & Co KGaA,  Warsteiner Brauerei Haus Cramer KG Company, Franziskaner Brauerei GmbH, Jever Brauerei KG, Weihenstephaner Brauerei GmbH, Schneider Weisse KG, St. Pauli Brauerei KG, Krombacher Brauere GmbH, Brooklyn Brewery Corp., Carlsberg Group AS, Arthur Guinness & Sons plc, Ceria Innovations Private Limited, Collective Arts Pvt. Ltd.

The non-alcoholic beer market report table of contents includes:
1. Executive Summary

2. Non-Alcoholic Beer Market Characteristics

3. Non-Alcoholic Beer Market Trends And Strategies

4. Non-Alcoholic Beer Market - Macro Economic Scenario

5. Global Non-Alcoholic Beer Market Size and Growth
.
31. Global Non-Alcoholic Beer Market Competitive Benchmarking

32. Global Non-Alcoholic Beer Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Non-Alcoholic Beer Market

34. Non-Alcoholic Beer Market Future Outlook and Potential Analysis

35. Appendix


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