The Non-Alcoholic Beer Industry Is Expected To Surpass US$ 28 Bn In By 2031

 Fact.MR has produced the most recent intelligence assessment. the non-alcoholic beer market's sales will continue to increase between 2021 and 2031, with a CAGR of 7%, to reach US$ 14 Bn by the end of the aforementioned forecast period. Growing popularity of healthy drinking among millennials is driving growth.

Based on the market's historical performance, non-alcoholic beer sales reached US$ 7 Bn from 2016 to 2020, growing at a consistent CAGR of 5%. Prospects only seemed to loom larger during the COVID-19 epidemic, which is ascribed to the sharp increase in the consumption of non-alcoholic and health-promoting beverages.

Over the projected period, the malted grain category is anticipated to develop the fastest. Growing knowledge of the health advantages of non-alcoholic beer has boosted the

The non-alcoholic beer market is receiving impetus from the millennial segment of the population and their willingness to experiment with newer flavors in mixed beers beverages. Growing interest among consumers in ethically and organically sourced products also provides opportunities for ethically traded non-alcoholic beers. The real dollar opportunity in the global non-alcoholic beers industry lies in developing countries that are fast becoming opportunity hotbeds for various global markets

Key Takeaways of Non-Alcoholic Beer Market:

• According to Fact.MR, out of every million dollar spent on non-alcoholic beers, U.S. accounts for over 1/5th of worldwide sales
• Fact.MR says, Asia Pacific is expected to hold a significant share in the global market in the long-term forecast period with a CAGR of ~9.5% between 2019-2027
• Global sales of non-alcoholic beers and alcohol-free mixed beers beverages totaled 4,091 million liters last year in terms of volume. The success story behind these alcohol-free drinks will continue, forecasting sales of 4,353 million liters for 2019
• In Europe, Germany is in the lead with non-alcoholic beers and mixed-beers beverages. The German brewery association’s estimated production was 604 million liters for 2018
• Consumption of alcohol-free beers and mixed-beers beverages in 2018, was high in Europe, and Middle East & Africa and opens up a great deal of potential for non-alcoholic beer manufacturers.

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Beer without alcohol: A short-term trend or long-term opportunity?
Young athletes are increasingly using non-alcoholic beer as a recovery beverage. Moreover, the beverage business is going through a massive transition as a result of the introduction of healthier non-alcoholic beverages.

In contrast to traditional alcoholic drinks, beverages with low or no alcohol content are becoming more and more popular as consumer knowledge of the serious health concerns connected with alcohol usage grows.

Key Segments Covered:

• Material
  • Grapes-based Non-Alcoholic Beer
  • Berries/Apples-based Non-Alcoholic Beer
  • Malted Grains-based Non-Alcoholic Beer
  • Hops-based Non-Alcoholic Beer
  • Yeast-based Non-Alcoholic Beer
  • Enzymes-based Non-Alcoholic Beer
• Type
  • Alcohol Free (0.0% ABV) Beer
  • Low-Alcohol (Upto 1% ABV) Beer
• Sales Channel
  • Non-Alcoholic Beer Sales via Liquor Stores
  • Non-Alcoholic Beer Sales via Convenience Stores
  • Non-Alcoholic Beer Sales via Supermarkets
  • Non-Alcoholic Beer Sales via Online Stores
  • Non-Alcoholic Beer Sales via Restaurants & Bars
  • Non-Alcoholic Beer Sales via Travel Retails

Read More: https://www.factmr.com/report/4473/non-alcoholic-beer-market