QY Research has recently published its new report, titled, “Global Non-Alcoholic Beer Market Insights, Forecast to 2025”, which provides comprehensive information and wide-ranging evaluation of the market. The report also provides detailed profiles of key players and assesses their present and future market scenario in the global market for non-alcoholic beer. The report also consists of annual turnover, SWOT analysis, recent research and development activities, and growth strategies that will be used by players during the forecast period.
The report states that the global non-alcoholic beer market was valued at US$3504 mn in 2018 and is likely to be worth US$4464 mn by 2025. The market will register a CAGR of 3.52% between 2019 and 2025.
Global Non-Alcoholic Beer Market: Drivers and Restraints
The market will witness significant growth due to the growing adoption of less alcoholic beverages or zero alcohol beverages. Factors such as increasing urbanization, rising per capita income, and growing pub culture are expected to propel the growth of the market in the near future. The inclination of customers towards the non-alcoholic beer due to health reasons is also fueling the market growth.
Besides, stringent government regulations against alcohol consumption and driving is also expected to propel market growth. Improving awareness about anxiety and better sleeping patterns has coaxed consumers to opt for non-alcoholic beverages, which has created a positive impact on the market. Moreover, the rising availability of non-alcoholic beer across various restaurants and bars are creating lucrative growth opportunities for the global non-alcoholic beer market in the coming years.
However, strong presence of alternatives in the form of carbonated and natural-based beverages is projected to act as a limitation to the growth of the market.
Global Non-Alcoholic Beer Market: Geographical Analysis
Non-alcoholic beer is a popular beverage and commonly used beer in Islamic countries. As, a result, the MEA will be the largest consumption market for non-alcoholic beer across the world. In the Middle East, rapid expansion of flavored drinks will increase the consumption of non-alcoholic products, especially among the youth. Iran will be the largest consumption and production area of non-alcoholic beverages in the Middle East region. Non-alcoholic beer is a well-established and well-developed category in Iran. Young Iranians are the main group of consumption of non-alcoholic beer.
In addition, Mexico, the U.S., Brazil, China, Russia, Japan, and Germany are the main manufacturing countries for the non-alcoholic beer market. However, the U.S. and China are the small markets for non-alcoholic beer.
Global Non-Alcoholic Beer Market: Forecast by Segments
The global market for non-alcoholic beer is segmented into product type and application. The application segment includes woman and man. The product type segment includes dealcoholization method and limit fermentation.
Global Non-Alcoholic Beer Market: Key Players
Kirin, Anheuser-Busch InBev, Aujan Industries, Heineken, Weihenstephan, Carlsberg, Krombacher Brauerei, Behnoush Iran, Erdinger Weibbrau, Asahi Breweries, Arpanoosh, and Suntory Beer are the leading players that are operating in the market.
Global Non-Alcoholic Beer Market: Competitive Landscape
Tsingtao Breweryare and Snow Breweries are the top two players in China. Recently, Heineken and Anheuser-Busch InBev have announced that they want to continue to expand their production. Anheuser-Busch InBev will grab 25% of the total beer market. Additionally, leading manufacturers needed to enhance their product quality and taste.
The analysts found that some of the Americans and Chinese think that the taste of non-alcoholic beer is not good as compared to common beer. Top players show that the beer market will show a sign of weakness in the coming years. If they want to continue to grab market share, players need to compete with carbonated beverages companies.
Full Report Overview@ https://www.qyresearch.com/index/detail/736234/global-non-alcoholic-beer-market