The non-alcoholic malt beverage market is poised for steady growth, with a projected compound annual growth rate (CAGR) of approximately 6.7% expected through 2033. During the forecast period from 2023 to 2033, market value is forecasted to surge from US$ 32.7 billion to US$ 62.7 billion.
Driving this growth are two key factors: the increasing acceptance of sober socializing and the demand for healthier beverage alternatives. As consumer preferences evolve towards healthier lifestyles, the market for non-alcoholic malt beverages experiences significant expansion.
However, the market also faces challenges such as limited awareness in certain regions, resulting in lower penetration rates. To overcome these obstacles, manufacturers can capitalize on opportunities by leveraging natural and organic ingredients, which are preferred by most consumers, and by innovating with creative flavors and varieties to appeal to a wider consumer base.
Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-7424
A platform for market development can also be provided through partnerships with restaurants and cafés that allow non-alcoholic malt drinks to be served on their menus. The market for non-alcoholic malt beverages is expected to increase significantly over the coming years, driven by consumer tastes and the industry’s capacity to overcome obstacles and take advantage of possibilities.
The non-alcoholic malt beverages market exhibits strengths such as growing consumer demand for healthier alternatives to alcoholic beverages. It also faces weaknesses like limited awareness and a niche consumer base. Opportunities lie in innovation, product expansion, and capturing untapped markets. Nonetheless, the market is not without threats, including intense competition, regulatory challenges, and potential consumer skepticism toward the taste and quality of non-alcoholic malt beverages.
Key Takeaways
- In the United States, the market grew at a CAGR of 19% in 2022 during the forecast of 2022 in the Global Market.
- Due to rising health consciousness, China’s non-alcoholic malt beverage market is predicted to rise at a CAGR of 6.7% by 2033.
- India’s non-alcoholic malt beverage industry is expected to develop at a 12.3% CAGR by 2033.
- The United Kingdom is likely to register a CAGR of 6.8% by 2033 with the growing trend of sober socializing.
- Japan’s market grew at a compound annual growth rate of 4.3% in 2022.
Embrace Smarter Choices With Our Methodology-Derived Insights: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7424
Competitive landscape
Several important competitors in the market for non-alcoholic malt beverages are actively involved in meeting the rising customer demand. Companies with broad product portfolios and substantial distribution networks dominate the industry, such as ABC Drinks, Halewood Wines & Spirits, and Erdinger Brewery.
These firms are concentrating on product innovation and offering new flavors and varieties to appeal to a more extensive customer base. To improve their position in the non-alcoholic malt beverage sector, they are also growing their market presence through strategic alliances, partnerships, and acquisitions.
Recent Developments:
- The non-alcoholic malt beverages market has experienced a surge in consumer demand due to health consciousness and a desire for alcohol alternatives.
- Companies are investing in research and development to introduce innovative non-alcoholic malt beverages with natural ingredients, enhanced flavors, and appealing packaging.
- Key players in the market are expanding their product portfolios by introducing new variants and line extensions to cater to diverse consumer preferences and increase market competition.
Gain Immediate Access to Detailed Market Insights Purchase Now: https://www.futuremarketinsights.com/checkout/7424
Global Non-alcoholic Malt Beverages by Category
By Type, Global Non-alcoholic Malt Beverages are segmented as:
- Dairy-based Beverages
- Carbonated and Soda Drinks
By Flavor, Global Non-alcoholic Malt Beverages are 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
By Region, Global Non-alcoholic Malt Beverages is segmented as follows:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
