Award winning market research company Fact.MR has published an exhaustive report on the Global Non-Alcoholic Beer Market. According to the study, the market is poised to expand at impressive annual growth levels in 2021 over 2020, attributed to a shifting beverage consumption landscape. Growth prospects appear highly optimistic for the next decade, registering a noteworthy CAGR through 2031.
The market has made substantial gains in the recent past, with preference for alcohol and calorie free beverages aggrandizing across prominent regions. Manufacturers have found massive revenue pools across the U.S market, with Fact.MR projecting over a fifth of the total revenue generation. Growth is underpinned by rising instances of excessive alcohol consumption related deaths, with the Center for Disease Control and Prevention (CDC) estimating the toll at 95,000 deaths annually, costing nearly US$ 250 billion to the economy.
Explore how Europe region is performing for Non-Alcoholic Beer Market – https://www.factmr.com/connectus/sample?flag=S&rep_id=4473
Opportunities are aplenty across emerging economies, with heightened purchasing power shifting the beverage demographics towards healthy drinking. China represents a lucrative opportunity, with over one out of four beers launched in 2016 consisting of low to no alcohol content. India is not far behind, with over two-fifths of the young generation switching over to non-alcoholic beer consumption. Hence, manufacturers are diverting their resources and production capacities towards the Asia-Pacific region, anticipating immense gains in the future.
“Vendors are increasingly experimenting with numerous flavor combinations with the objective of catering to consumers’ multisensory experiences in order to acquire a wider share in the global landscape, heightening growth prospects,” remarks the Fact.MR analyst.
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