Market Overview
The demand for non-alcoholic beverages is predicted to rise owing to a surge in health awareness in the end-user base theough 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 market is projected to gain a CAGR of 8.28% and accomplish a market value of USD 9.26 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 industry companies' growth in the forthcoming period. Moreover, increased spending on marketing and publicity is estimated to ensure a better market penetration rate for the non-alcoholic beer products in the impending period.
Key Players
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.
Market Segmentation:
The segmental investigation of the non-alcoholic Beer Market Revenue 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 Revenue is segmented into 0.5% alcohol by volume and alcohol-free based on the product type. Based on category, the non-alcoholic Beer Market Revenue is split into flavored and plain. The regions studied in the non-alcoholic Beer Market Revenue are North America, Europe, APAC, and other vital regional markets.
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Regional Analysis
The regional outlook of the non-alcoholic Beer Market Revenue includes North America, Europe, APAC and other vital regional markets. The North American non-alcoholic Beer Market Revenue 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 Revenue to advance throughout the forecast period. The European region's non-alcoholic Beer Market Revenue 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 Revenue's advance.
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