Global Low Alcohol Beverages Market Size, Drivers, Trends, Opportunities And Strategies – Includes Low Alcohol Beverages Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing demand for a better lifestyle is likely to encourage innovation in the production of low alcohol beverages, boosting the market during the forecast period.
The global low alcohol beverages market is expected to grow from $1.18 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global low alcohol beverages market size is expected to reach $1.56 billion in 2027 at a CAGR of 5.5%.
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Global Low Alcohol Beverages MarketSegments Include:
- By Type: Low Alcohol Beer, Low Alcohol Spirits, Low Alcohol Wine, Low-Alcohol RTD, Low Alcohol Ciders
- By Distribution Channel: Store-Based, Non-Store Based
- By Application: Supermarkets And Hypermarkets, Retailers
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global low alcohol beverages market in 2021.
Major Market Players in the low alcohol beverages market include Anheuser-Busch Companies LLC, Constellation Brands Inc., Heineken NV, Carlsberg Breweries A/S, Bacardi Limited, Asahi Premium Beverages, A. Le Coq, Abita Brewing Company.
Product innovation is a crucial trend that is gaining traction in the low-alcohol beverage sector. Major players in the low-alcohol beverage market are focusing on the development of new products. Kaska, a Finland-based low-alcohol drinks firm, for example, will launch Sml Boosted Gin in September 2022. This beverage is distinct in that it is distilled with a high concentration of botanicals for low-alcohol consumption. It comes in a 200-ml bottle and is intended to be used in far smaller amounts than ordinary gin. The recommended serving amount for one drink is one tiny capful, and each bottle comes with a tiny 10 ml measure made of 100% biodegradable Sulapac wood-based material. Using this method, a single 200-mL bottle of Sml Boosted Gin can yield 20 gin and tonics.
The Low Alcohol Beverages Global Market Report 2023 provides a low alcohol beverages market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The low alcohol beverages market forecast analyzes low alcohol beverages market size, low alcohol beverages market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Low-alcohol beverages are those with an ABV (alcohol strength by volume) of 0.5% to 1.2%. The low-alcohol beverages do not contain diuretics, which do not induce dehydration and help the body stay hydrated.
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