Non-Alcoholic Beer Market Revenue, Leading Player Analysis with COVID-19 Update

Comments · 197 Views

Rising awareness about chronic diseases has affected eating and drinking pattern of the population.

Market Insights:

As per Market Research Future (MRFR)’s analysis, the global non-alcoholic beer market is expected to expand at a CAGR of 7.43% during the forecast period. The report also highlights that the market valuation is presumed to reach USD 30.95 billion in the future. Rising awareness about chronic diseases has affected eating and drinking pattern of the population. A paradigm shift towards non-alcoholic beer has been witnessed in the recent years. Increasing incidences of liver cirrhosis, strokes, kidney failures, etc. have accelerated creation for the participants of the non-alcoholic beer market revenue.

Alcohol is also prohibited for protecting religious sentiments of people who follow the Sharia law. The Middle Eastern countries such as Saudi Arabia, the U.A.E, etc. which has considerable Islamic population signify tremendous opportunities for the proliferation of the non-alcoholic beer market over the next couple of years.

Rapid urbanization and modernization is another major factor that is encouraging the increase in consumption of non-alcoholic beer. The acceptance of non-alcoholic beer as an alternative to alcoholic beverages without compromising on the societal image is likely to increase non-alcoholic beer demand in the forthcoming years.

Competitive Dashboard:

Some of the key players of the global non-alcoholic beer market profiled in the report are Heineken N.V. (Netherland), Erdinger Weibbrau (Germany), Anheuser-Busch InBev SA (Belgium), Big Drop Brewing Co. (U.K.), Bernard Brewery (Czech Republic), Krombacher Brauerei (Germany), and Suntory Beer (Japan).

Market Segmentation:

On the basis of process, the global non-alcoholic market has been segmented into vacuum, boilers, reverse osmosis, and others. Among these, the reverse-osmosis segment is expected to hold the maximum share of the non-alcoholic beer market size is thriving to at 8.57% CAGR over the forecast period.

On the basis of raw material, the non-alcoholic beer market has been segmented into yeast, flavors, malt, hops, enzymes, and others.

On the basis of product type, the global non-alcoholic beer market has been segmented into 0.5% alcohol and alcohol-free.

Regional Analysis:

The global non-alcoholic beer market, on the basis of region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America has been anticipated to exercise dominance owing to the adoption of western culture. Led by modernization, the growth of the non-alcoholic beer market in the region is also influenced by the large-scale prevalence of obesity and other diseases in the region. The valuation of the regional market is poised to reach USD 2.07 Bn towards the end of 2023 expanding at a CAGR of 7.4%.

The Rest of the world resonates promising opportunities and is prognosticated to mark a CAGR of 9% over the assessment period. Among all the regions, Middle East is primarily responsible for expediting the growth of the non-alcoholic beer market in the Rest of the World. The rise in the Islamic population in countries such as Saudi Arabia, Qatar, etc. that strictly adheres to Sharia laws is anticipated to boost the lead the increase in non-alcoholic beer demand.

Industry News:

In January 2019, the Netherlands based Heineken company has added a zero-alcohol beer to its product line which contains only 69 calories.

In January 2019, a non-alcoholic beer bar is announced to be inaugurated on Capel Street in Dublin. The bar is likely to serve an extensive range of wines, beers, cocktails, and mixed drinks – with zero percent alcohol.

In December 2018, Bauhaus Brew Labs has become the first Minnesota brewery to add a non-alcoholic beer to its product portfolio.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Comments