Report ID: SQMIG30E2040
Report ID:
SQMIG30E2040 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
65 |
Figures:
75
Global Non-Alcoholic Beer Market size was valued at USD 22 billion in 2022 and is poised to grow from USD 23.23 billion in 2023 to USD 35.93 billion by 2031, at a CAGR of 5.6% during the forecast period (2024-2031).
The non-alcoholic beer market has witnessed significant growth in recent years, driven by changing consumer preferences, health consciousness, and an increasing trend toward moderation and responsible drinking. It offers an alternative for individuals who want to enjoy the taste of beer but avoid alcohol. Non-alcoholic beer is brewed through a similar process as alcoholic beer, with the alcohol content subsequently removed through various techniques, such as vacuum distillation or reverse osmosis. The resulting product retains the flavor and characteristics of traditional beer but contains alcohol levels typically below 0.5% ABV (Alcohol by Volume).
The non-alcoholic beer market aims to cater to individuals who desire the taste and experience of beer without the negative effects of alcohol. It targets a broad consumer base, including people looking to reduce alcohol consumption, designated drivers, pregnant women, health-conscious individuals, and those with religious or cultural restrictions on alcohol consumption. Increasing health awareness and a shift toward healthier lifestyles have led consumers to seek alcohol-free alternatives, driving the demand for non-alcoholic beer. Non-alcoholic beers may not fully replicate the taste and experience of traditional beer, which can deter some consumers. Educating consumers about the benefits and taste profiles of non-alcoholic beer is crucial for market expansion.
US Non-alcoholic beer Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30E2040