World Non-Alcoholic Beer Market to Reach USD 5.91 Bn in 2023, Forecasts MRFR in Its In-Demand Report Available at MarketPublishers.com19 Sep 2017 • by Natalie Aster
LONDON – With robust economic growth, emergence of a broad and thriving middle class population, consumers’ rising cautiousness to spend alongside increased rates of migration from rural areas to urban districts has resulted in the inflow of global retailers to the developing countries. In APAC, China is one of the most dynamic retail markets globally, while India, Turkey, Kazakhstan, Indonesia, Malaysia also ranking high with regard to retail development.
Fast economic growth, robust urbanisation, expanding middle class, cheap labour force, ease of doing business and a hike in disposable income has appealed to global retailers to come into and expand in the APAC and Latin American regions and gain a strong foothold in the marketplace.
Non-alcoholic beer is a popular drink in Islamic countries. Furthermore, in accordance with Islamic laws, alcohol consumption in any form is completely forbidden. With the emergence of flavoured non-alcoholic beer in the countries by introducing a vast range of flavours like fruit, vanilla, coffee, etc. the key players have been capable of expanding their market shares.
Worldwide, the market for non-alcoholic beer has seen ongoing demand over the past several years and is poised to be worth USD 5.91 billion in 2023, posting an 8.28% CAGR in the offing.
Based on process, the reverse osmosis segment is likely to capture the maximum market share of over 48.8% by 2017. The reverse osmosis segment is set to amount to USD 2.94 billion by 2023. The vacuum segment is poised to observe a stable 8.18% CAGR over the projected period.
With respect to type, alcohol free beer is set to take the lead in the marketplace to be worth USD 3.04 billion, registering an 8.29% CAGR by 2023. The 0.5% alcohol segment will likely post an 8.27% CAGR, reaching a value of USD 2.87 billion over the projected period.
Heineken N.V., Big Drop Brewing Co., Erdinger Weibbrau, Anheuser-Busch InBev SA, Krombacher Brauerei, Suntory Beer, and Bernard Brewery, among others, are the prominent players in the market.
In-demand research report “Global Non-Alcoholic Beer Research Report- Forecast to 2023” drawn up by MRFR offers a detailed analysis and forecast of individual micro and macro markets for non-alcoholic beer. It presents estimates of the market size by type, raw material, process, and based on region. The study gives an in-depth understanding of the non-alcoholic beer supply and demand dynamics, provides a region-wise market analysis and future outlook for USA, UK, France, Ireland, and South-East Asia. The study includes profiles of the top players and competitive positioning for the non- alcoholic beer market. It examines the value chain and supply chain of non-alcoholic beer. The research report sheds light on the historical market trends, discusses key technologies, and actual government rules and regulations pertaining to the non- alcoholic beer marketplace.
For other in-demand research reports by this publisher follow MFRF page at MarketPublishers.com.