Global Non-Alcoholic Malt Beverages Market: Overview
Non-alcoholic malt beverages are nothing but fermented drinks made out of barley plant. The term malt came by using sprout in an authentic manner before its processes, known as “malting.”
Malt extract tends to be a concentrated syrup used to add texture and flavor to a variety of beverages ranging from breakfast drinks to beer. The facts that barley is used it also adds minerals amino acids, and vitamins to these drinks. Beer is type of malt beverages, it contains alcohol in it, and in order to remove it, it was either filtered or boiled out of the beer.
The upcoming report aims to unveil the global non-alcoholic malt beverages market. This report discusses the prospects and growth pace of the market in detail. The study also encompasses competitive dynamics in the market by factoring in strengths and weaknesses of prominent participants, their degree of competition, and key products. This report also features unique and salient factors that may make a huge impact on the development of the global non-alcoholic malt beverages market during the aforementioned forecast period.
Global Non-Alcoholic Malt Beverages Market: Drivers & Restraints
The rising popularity of non-alcoholic malt beverages among end-users has increased the demand for such flavored drinks. Owing to such a demand, the global non-alcoholic malt beverages market has garnered mammoth popularity in recent times. If compared to the market for alcoholic drinks, the non-alcoholic malt beverages are not injurious to health; thus being safe for consumption. Rising awareness among people for staying healthy might be another aspect boosting the global non-alcoholic malt beverages market. Usage of organic malt in production and extensive availability of malted beverages might be another reason ushering in growth in the market.
However, the global non-alcoholic malt beverages market might not do well on certain fronts. For example, as the beverages do not contain alcohol, a consumer base might not prefer them where the demand for alcohol is high. Moreover, popularity of these beverages was affected due to their reputation through criticism like "serving yellow fizzy water” in bars and lounges. Nonetheless, with rising number of health conscious people, many are now turning towards non-alcoholic malt beverages to just get the experience without actual consumption of alcohol. This could certainly offset most restraints affecting the global non-alcoholic malt beverages market in the near future.
Global Non-Alcoholic Malt Beverages Market: Geographical Outlook
The global non-alcoholic malt beverages market report is witnessing a steady growth in different regions across the globe. With respect to geographical outlook, Asia Pacific excluding Japan (APEJ) and Middle East and Africa at present led the market by accounting for highest revenue shares. This is mainly due to a strong acceptance and popularity existing in these regions, coupled with a high demand for healthy beverages. North America is also anticipated to take over the global non-alcoholic malt beverages market. This is because the production of malt beverages increased dramatically following their prohibition of malt drinks in the early 90s in North America.
Global Non-Alcoholic Malt Beverages Market: Competitive Landscape
Companies such as Nestlé S.A., Asahi Breweries, and Kirin Brewery, among several other producers around the world are taking their first step towards fighting nutritional deficiency by producing fortified malt beverage and food products. These producers are also expected to influence the global non-alcoholic malt beverages market in the near future.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.