Low Alcoholic Beverages Market Size, Share, Growth Analysis, By Type(Beer, Wine, Spirits, RTDs), By End-User(Supermarkets, Shopkeepers, Online), By Region - Industry Forecast 2024-2031

Low Alcoholic Beverages Market Driver

• Mocktails are becoming increasingly popular among young adults. Traditional alcoholic beverages, on the other hand, haven't lost their luster. The low-alcohol beverage market's prospects have been boosted by the increased penetration of low- or non-alcoholic beverages. Extended stay-at-home routines during the COVID-19 epidemic contributed to an increase in the popularity of low-alcohol beverages among adults. For those who had been weaned on only hard liquor before the epidemic, the pandemic sparked an interest in low-alcohol drinks.
• As economies have begun to open up in recent months, social gatherings, sports and competitions, and leisure events have also begun. The market for low-alcohol beverages has benefited as a result of the advancements. The desire to limit the negative effects of alcohol on health has led to a demand for low-alcohol beverages. An important trend that is predicted to attract investments is the expanding number of low-Alcoholic Beveragesin the ready-to-drink market.

Low Alcoholic Beverages Market Restraint

• Overconsumption of carbonated beverages is one of the primary factors limiting the global non-Alcoholic Beverages market. Furthermore, rising government taxes on non-alcoholic beverage raw materials, particularly sugar, and rigorous government regulations on the use of water in non-alcoholic beverage manufacturing are projected to stifle growth in the worldwide non-Alcoholic Beverages Market over the forecast period.