Non-alcoholic Beer Market share to exceed $25 Bn by 2024: Global Market Insights Inc. The research report Non-Alcoholic Beer Market Size By Product (Alcohol Free {By Material [Malted Grains, Hops, Yeast and Enzymes], By Technology [Restricted Fermentation and Dealcoholization {Reverse Osmosis, Heat Treatment and Vacuum Distillation}], By Sales Channel [Liquor Stores, Convenience Stores, Supermarkets, Online Stores and Restaurants and Bars]}, Low Alcohol {By Material [Malted Grains, Hops, Yeast and Enzymes], By Technology [Restricted Fermentation and Dealcoholization {Reverse Osmosis, Heat Treatment and Vacuum Distillation}] By Sales Channel [Liquor Stores, Convenience Stores, Supermarkets, Online Stores and Restaurants and Bar]}), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 by Global Market Insights, Inc. says, Global Nonalcoholic Beer Market size is set to exceed USD 25 Billion by 2024 Changing consumption patterns, lifestyle and health awareness are major factors propelling non-alcoholic beer demand. Manufacturers have been keeping a watch on consumer trends on most likely beverages, leading to new product launches to match this popular trend. Growing acceptance of non-alcoholic or low alcohol beer globally among the majority of health-conscious consumer is anticipated to witness market penetration during a forecast time frame.
Increasing product preference owing to presence of optimum quantity contents such as limited calorie and sodium will propel market growth. The product also has few positive health benefits due to the presence of good nutrient including B-complex vitamins, carbohydrates, proteins, fiber, protein, minerals, and antioxidants. Middle Eastern countries are expected to witness significant growth owing to their social obligations pertaining to the restriction on alcohol. The maximum allowed content in non-alcoholic beer is less than 0.1% v/v. Islamic countries have become a new attraction with large market opportunities for manufacturers to set up production units and increase product sale. The European non-alcoholic beer market has gained attention, factors such as alternative of liquor in celebration among sportspersons and teams during matches and tournaments has instigated demand. Also, for athletes it is important to recover fluid contains carbohydrate and sodium to rehydrate which will also enhance product penetration.
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Middle East & Africa Alcohol Free Beer Market, By Material, 2016 & 2024 (USD Million)
Browse key industry insights spread across 300 pages with 455 market data tables & 9 figures & charts from the report Non-alcoholic Beer Market in detail along with the table of contents: https://www.gminsights.com/industry-analysis/non-alcoholic-beer-market
Breweries and manufacturers are facing major challenges in production process owing to complex production procedure. Moreover, feedback from consumers regarding non-appealing taste coupled with presence of bitterness will remain a major threat to the industry growth. Lack of product labelling standardization owing to a different definition of nonalcoholic beer in various countries may result into loosing consumer trust. For instance, German made 0.5% ABV beer is an alcohol free, but in the UK made is considered as “low alcohol�. Malted grains dominated the material segment and accounted for over 70% of the industry share in 2016. Barley and cereals are widely used grains in traditional procedures to provide natural aroma and taste to the beverage. Hops generated over USD 1 billion revenue in 2016 owing to its natural flavor and bitterness required in the production. The rising popularity of the variety of flavors in beverage product ranges will propel growth in this segment. Moreover, additional advantages,
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including natural preservation, reduce excess proteins and generate foam head of the beer will stimulate demand. Asia Pacific alcohol free beer market accounted for over 18% of the industry share in 2016. Rapid urbanization and the emergence of the middle-class population are the major factors fueling regional industry growth. China, India, Japan, and Australia are the prominent market owing to the rising consumer income trend is supporting nonalcoholic beverages market growth. Europe market is anticipated to witness growth over 6.5% up to 2024. Growing popularity among athletes and sportsperson owing to its health benefits will foster market demand during forecast time. In European countries maximum allowed alcohol content in non-alcoholic beer is less than 0.5% v/v. This region is expected to witness high industry growth owing to the strong presence of breweries and manufacturers. Global low alcohol beer market share is partly consolidated and competitive in nature owing to the large presence manufacturers and breweries. Carlsberg, Heineken N.V, Arpanoosh, Behnoush Iran, Coors Brewing Company, Drop Brewing Co, Bernard Brewery, Suntory, Erdinger Weibbrau, and Kirin are key industry players. Other companies include Moscow Brewing Company, Krombacher Brauerei, and Anheuser-Busch InBev SA. Increasing competition and emergence of new entrants are expected to encourage new product development. Segmentation of Non-alcoholic Beer Market:
Global Market Insights has segmented the Non-alcoholic Beer industry on the basis of following segments Non-alcoholic Beer Market, By Product • •
Alcohol free beer Low alcoholic beer
Non-alcoholic Beer Market, By Material • • • •
Malted grains Hops Yeasts Enzymes
Non-alcoholic Beer Market, By Technology • •
Restricted fermentation Dealcoholization
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Non-alcoholic Beer Market, By Sales Channel • • • • •
Liquor stores Convenience stores Supermarkets Online stores Restaurants & bars
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