The global non-alcoholic malt beverages market is expected to be worth US$ 32.7 billion in 2023 and US$ 62.7 billion by 2033. According to Future Market Insights, non-alcoholic malt beverages will increase at a 6.7% CAGR between 2023 and 2033.
Consumption of non-alcoholic beverages has increased as a result of Millennials’ growing demand. The industry has grown dramatically in recent years as a result of the popularity of non-alcoholic malt beverages and the steady emergence of party culture.
Customers are influenced to consume these non-alcoholic beverages by peer pressure from students and adults, as well as social media influence, in order to sample new drinks with various flavours and tastes, such as dairy-based alternatives and carbonated sodas.
Due to the current trend of partying in clubs, bars, cafés, and pubs in emerging economies such as India and China due to attractive pay packages and changing lifestyles, demand for non-alcoholic malt beverages is predicted to skyrocket in the coming years.
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Furthermore, the working population’s increased purchasing power has persuaded them to switch to premium brands, which is expected to support the growth of the non-alcoholic malt beverage market during the projected period (2022-2032).
Key Takeaways from Market Study
- North America is expected to dominate the global market by accounting for the maximum market value share of about 30% by 2022 end
- Rising partying culture in different regions across the globe is predicted to result in surging demand during the assessment period (2022-2032)
- By type, dairy-based alternatives are expected to experience high growth over the forecast period (2022-2032)
- Higher income groups and the working population has an increased spending capacity which is likely to increase the demand for premium brands of non-alcoholic malt beverages in the near future
- Indirect channel is expected to account for a higher market value share than direct channel by 2032 end
Competitive Landscape
Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global non-alcoholic malt beverages market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on type (dairy-based beverages and carbonated and soda drinks), flavour (citrus, berry, pomegranate, classic/ natural, apple, peach, mixed fruit, coffee/cocoa, and others (vanilla, tea, etc.)), packaging (bottles, cans, and liquid cartons), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
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Global Non-alcoholic Malt Beverages by Category
By Type, Global Non-alcoholic Malt Beverages is segmented as:
- Dairy-based Beverages
- Carbonated and Soda Drinks
By Flavor, Global Non-alcoholic Malt Beverages is segmented as:
- Citrus
- Berry
- Pomegranate
- Classic/ Natural
- Apple
- Peach
- Mixed Fruit
- Coffee/Cocoa
- Others (vanilla, tea, etc.)
By Packaging, Global Non-alcoholic Malt Beverages is segmented as:
- Bottles
- Cans
- Liquid Cartons
By Distribution Channel, Global Non-alcoholic Malt Beverages is segmented as:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Specialty Stores
- Convenience Stores
- Discount Stores
- Independent Retailers
- Online Retailers
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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