InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Low & No Alcohol Beverages Market by (Product (Beer (No-alcohol: 0.0 – 0.5% ABV, Low-alcohol: >0.5–3.5% ABV), Still and Sparkling Wine (No-alcohol: 0.0 – 0.5% ABV, Low-alcohol: >0.5–7.5% ABV), Mixed Drinks (No-alcohol: 0.0 – 0.5% ABV, Low-alcohol: >0.5 – 3% ABV), Spirits (liqueurs) (No-alcohol: 0.0 – 0.5% ABV, Low-alcohol: >0.5 – 10% ABV), Spirits (non-liqueurs) (No-alcohol: 0.0 – 0.5% ABV, Low:0.5-37.5% ABV)), Distribution Channel (Liquor Stores, Convenience Stores, Supermarkets, Online Stores, Restaurants & Bar, and Others)) – Market Outlook and Industry Analysis 2030”
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Popular demand for alcohol-free and low-alcohol formulations of beverages such as beer, wine, spirits, and cocktails has grown in recent years. These beverages are marketed as healthier alternatives to traditional cocktails, wines, and beers, with fewer carbs and calories. Alternatives to alcohol are gaining significant pace in terms of new product debuts. Low-alcohol or alcohol-free beverages are frequently marketed as having fewer calories and sugar than their alcoholic counterparts and thus can contribute to a healthy lifestyle. Low and no alcohol beverages play a significant part in the evolution of more conscious drinking choices across the beverage alcohol sector and will continue to do so in the future. Reduced alcohol’ refers to a beverage that contains less alcohol than the average strength of a specific type of beverage. This means that wine with an ABV of 5.5 per cent is considered a reduced alcohol wine rather than a low-alcohol wine.
The reshaping of the low and no alcohol beverages market has been aided by a shift in consumption patterns toward healthier drink products and increased concerns about obesity and health awareness. Emerging health-conscious lifestyle trends, stricter regulation, religious prohibitions, and consumer tastes have contributed to a continuous increase in consumer interest in low and no alcohol beverages. Companies in the beverage industry are attempting to align their product portfolios with this transition. Furthermore, AB InBev intends to grow its low- and no-alcohol beverage portfolio to 20% of global beer volumes12 by the end of 2025, while Heineken13 and Molson Coors14 are also expanding their low- and no-alcohol beverage portfolios. As customers continue to gravitate toward novel products, new products will be developed, new ventures will be established, and consolidation will occur. As Low and No Alcohol beverages had been exclusively focused on beer alternatives, with Heineken introducing a 0.0 per cent alcohol version of its beer in 2017, innovation has become more widespread. It is now reaching the wine and spirits categories. Seedlip, for example, was the first brand to introduce a line of distilled non-alcoholic spirits in 2018, and its sales have increased exponentially since then.
Due to the growing consumer trend toward mindful drinking, the no and low alcohol beverages are rapidly expanding. During the covid-19 outbreak, the introduction of low/no alcohol beverages has effectively accelerated at-home consumption and also boosted e-commerce channels.
In 2021, Europe led the low & no alcohol beverages market. In Europe, the shift toward alcohol-free beverages is the primary driver – and the epidemic has escalated the already established trend. The trend toward low-alcohol beverages should also result in the European region preferring fewer but higher-quality items. Individuals who have traditionally relied on alcohol for comfort will increasingly turn to low-alcohol or non-alcoholic alternatives in the future.
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The following key companies are engaged in the Low & No Alcohol Beverages market:
Asahi Breweries, Ltd. , Athletic Brewing Company , Beam Suntory, Inc. , Big Drop Brewing Co. Ltd. , Carlton & United Breweries , Chr. Hansen Holding A/S , Curious Elixirs , Floreat Wines , Gnista Spirits , Kirin Holdings Company, Limited. , Lagunitas Brewing Company , Lowlander Beer Co. , Hoplark HopTea , Mocktail Beverages, Inc. , Molson Coors Beverage Company , Noki & Co., Pernod Ricard , Pierre Chavin, Seedlip Limited , Small Beer Brew Co. Ltd , Spy Valley Wines , St. Peter’s Brewery , Stryyk , Portobello Road Gin, Partake Brewing , The Drivers drinks company , Three Spirit Drinks Ltd, Xachoh Ltd., Genius Brewing, Beavertown Brewery , Caleño Drinks , Sence Hard Seltzer , Hella Cocktail Co. , Whyte & Mackay , Lyre’s Spirit Co, ISH SPIRITS , Spirit of Bermondsey , Kerer? Brewing Company Limited, Nirvana Brewery , Wine Water LTD. , ERDINGER Weißbräu , and Other Prominent Players
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