The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The non-alcoholic beer market has witnessed substantial growth, ascending from $20.08 billion in 2023 to $21.94 billion in 2024, boasting a compound annual growth rate (CAGR) of 9.3%. This surge is attributed to various factors such as:

• Expansion of online sales platforms
• Changing consumer preferences
• Improved taste and quality
• Prevalence of alcohol-related diseases
• Strong economic growth in emerging markets

Anticipated Growth Trajectory
Forecasts predict continued momentum with the market projected to reach $31.99 billion by 2028, driven by a CAGR of 9.9%. Key drivers of this growth include:

• Government initiatives and public health campaigns
• Sustainability and eco-friendly brewing practices
• Shifting consumer lifestyles towards health consciousness
• Cultural and religious factors
• Increased availability of no- and low-alcohol beers in on-premise settings

Emerging Trends to Watch
The forecasted period is marked by several emerging trends:

• New product development
• Craft and artisanal non-alcoholic beers
• Alcohol-free socializing
• Non-alcoholic beer in sports and fitness
• Collaborations and flavor innovation

Growing Awareness Of The Benefits Of Alcohol-Free Beverages Drives The Non-Alcoholic Beer Market
The burgeoning awareness surrounding the benefits of alcohol-free beverages has significantly propelled market growth. Non-alcoholic beer, containing minimal or no alcohol, offers numerous health advantages, including:

• Improving cardiovascular health
• Increasing bone mineral density
• Reducing the risk of osteoporosis
• Stimulating breast milk production

Read The Full Non-Alcoholic Beer Market Report Here:
https://www.thebusinessresearchcompany.com/report/nonalcoholic-beer-global-market-report

Innovation In Non-Alcoholic Beer
Manufacturers are actively innovating to cater to health-conscious consumers. The market witnesses a surge in demand for low-alcohol and no-alcohol options, prompting companies to introduce novel products. Examples include:

• UNLTD IPA’s low-calorie, vegan-friendly, gluten-free non-alcoholic beer
• Athletic Brewing Company’s All Out, an extra dark stout with coffee and chocolate accents

Finnegans Brew Co. Acquires Hairless Dog Brewing
In August 2022, Finnegans Brew Co. made a strategic move by acquiring Hairless Dog Brewing, an esteemed non-alcoholic beer company based in Minneapolis. This acquisition reflects a broader shift away from alcohol consumption, aligning with evolving consumer preferences.

Market Segmentation and Regional Dynamics
The non-alcoholic beer market is segmented based on:

• Product (Alcohol free, Low alcohol)
• Material (Malted Grains, Hops, Yeasts, Enzymes, Other Materials)
• Category (Plain, Flavored)
• Distribution Channel (Store-based, Non-Store-based)

Regional Insights:

• North America emerged as the largest region in the non-alcoholic beer market in 2023.

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The Non-Alcoholic Beer Global Market Report 2024  provides an overview of the non-alcoholic beer market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The non-alcoholic beer market forecast analyzes non-alcoholic beer market size, non-alcoholic beer market share, leading competitor and their market positions.

Explore Similar Reports From The Business Research Company:
Beer Global Market Report 2024
Non Alcoholic – Beverages Global Market Report 2024
Functional Beverages Global Market Report 2024

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