Global Low-Alcohol Beer Market: Snapshot
The expansion of global beer market is estimated to drive prominent growth opportunities in the low-alcohol beer market during the forecast period of 2021 to 2031. Moreover, a surge in the adoption of GSE pooling is projected to boost the market expansion in the years ahead. Alcohol-free beer refers to a non-alcoholic beer that comprises up to 0% alcohol content. For the manufacturing of this product, dealcoholization procedure is employed.
An upcoming study by Transparency Market Research (TMR) provides complete assessment of major factors influencing the low-alcohol beer market growth on global as well as regional level. Thus, this report delivers assessment of growth drivers, present and historical trends, restraints, challenges, and R&D activities in the market. In addition, this document gives dependable statistics on production, sales, shares, volume, and revenues of the market for low-alcohol beer.
The research analysts have performed segmentation of the low-alcohol beer market on the basis of several parameters including distribution channel and region. In terms of distribution channel, the market is classified into two parts, namely, on trade and off trade.
Key Drivers of Low-Alcohol Beer Market Growth
Over the period of past few years, there is a surge in the adoption of healthy lifestyle among major population from across the globe. As a result, there increase in inclination toward the consumption of low-alcohol beer. Moreover, rise in awareness regarding advantages of alcohol-free beverages across several developing nations such as Japan, China, and India is boosting the product demand. These factors are translating into increased sales prospects in the low-alcohol beer market.
Non-alcoholic beer is gathering impetus because of the absence of alcohol by volume (ABV) in this beverage. Moreover, several companies in the global non-alcoholic beer market are increasing efforts to attract newer customer base. As a result, they are seen engaged in R&D activities, which are focused on development of products with palatable taste and innovative flavors. These factors are resulting into increased product demand from youth, adult, and female populace from across the globe.
Competition Landscape of Low-Alcohol Beer Market
The nature of the global low-alcohol beer market is moderately fragmented. With existence of considerable number of companies, the competition levels of the market for low-alcohol beer seem to be highly intense. This scenario is encouraging market players to incorporate diverse strategic moves in order to maintain their prominent position. New product developments, product portfolio expansions, partnerships, collaborations, and mergers and acquisitions are some of the prime strategies utilized by leading enterprises.
The list of key players in the global low-alcohol beer market includes:
Regional Outlook of Low-Alcohol Beer Market
Based on region, the global low-alcohol beer market is segmented into several geographical regions such as APAC, Europe, South America, MEA, and North America. Among all, APAC seems to be one of the lucrative regions for players in the market for low-alcohol beer.
The APAC low-alcohol beer market is estimated to expand on the back of many factors including improved spending power of regional population, surge in launch of premium and international brands, and growth in awareness about availability of varied low-alcohol beers types in the region.