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

Global Low Alcoholic Beverages Market size was valued at USD 1.53 billion in 2022 and is poised to grow from USD 1.62 billion in 2023 to USD 2.57 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

"Low alcohol beverages" are beverages that contain little or no alcohol. Low-alcohol beverages may contain fewer calories than regular-strength alcoholic beverages, which could aid in calorie reduction as part of a healthy diet. During the projection period, the global alcoholic drinks market will be driven by increasing demand for alcohol from emerging nations like China and India, which have a large population base and high disposable income. low-alcohol drinks have an alcohol content by volume (ABV) of between 0.05 and 1.2 %, whereas reduced alcohol' drinks have a lower alcohol content than the typical strength of a given type of drink. A bottle of wine with an ABV of 5.5 % is classified as a lower alcohol wine rather than a low-alcohol wine. The low-alcohol beverage helps to minimize the risk of developing a range of health problems (including mouth, throat, and breast cancer), which are frequently caused by high-alcohol drinks. There is no shortage of high-quality, lower-strength wine and beer to pick from as the demand for lighter, healthier beverages grows. White, rosé, and sparkling wines, in particular, can be refreshing and thus used as an alternative

US Low Alcoholic Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.