Market Outlook
In 2020, the global low alcohol beverages market was valued at USD 889.7 million and is expected to register a CAGR of 4.3% between 2021 and 2028.Low alcohol beverages include drinks that has an “alcoholic strength by volume” (ABV) of between 0.05% and 1.2%. Low alcohol beverages are going mainstream and is set to become serious contenders in the overall beverage industry in next couple of years. One of the key driving forces behind its growth is rising consumer awareness, especially among young millennials, about the health risks associated with excessive alcohol intake. Consumers are becoming increasingly conscious about their physical and mental health, leading to a decline in the consumption of high ABV beverages.
Various factors are propelling the Low Alcohol Beverages Market . Such factors, according to the latest Market Research Future report, include new product development and innovative packaging, research and experiments with new flavors, burgeoning demand for long drinks and cocktails, inclination towards luxury for rise in disposable income, growing awareness about ready to drink alcoholic beverages, and increasing preference for ready to drink cocktails by millennials.
On the contrary, increasing anti-alcohol campaigns, stringent rules & regulations on the Low Alcohol Beverages advertising, easy availability of alternative products, cultural beliefs, vivid duties and taxation, and harmful effects of consuming Low Alcohol Beverages are factors that may hamper the Low Alcohol Beverages Market growth during the forecast period.
COVID-19 Analysis
The outbreak of the COVID-19 pandemic affected various industries worldwide. But it created great opportunities for the Low Alcohol Beverages Market. During the COVID-19 pandemic, the governments across various countries-imposed lockdown. Hence, all the retail stores were ordered to be closed. This made the people start panic buying low alcohol beverages in bulk. Also, such beverages are also healthier to drink during COVID-19. During this time, the eCommerce platforms stood as a boon to the consumers as they started delivering low alcoholic beverages to the customers. Many online alcohol delivery service providers witnessed a huge increase in their sales during the pandemic. However, the growth in the preference of the consumers towards healthier drinks is estimated to create a good impact on the alcohol consumption trends during the forecast period.
Key Players of Low Alcohol Beverages Market
- Anheuser Busch InBev.
- Carlsberg Group
- Beam-Suntory
- Constellation Brands
- Diageo Plc
- Heineken Holding Nv
- Accolade Wines
- United Breweries Group
- The Brown–Forman Corporation
- Bacardi Limited
Market Segmentation
The Market Research Future report offers a complete segmental analysis of the Low Alcohol Beverages Market based on distribution channel, packaging type, and base type.
By base type, the Low Alcohol Beverages Market is segmented into gin, vodka, rum, whiskey, and others. Of these, the rum segment will lead the market during the forecast period as various flavors easily infuse in rum. This will be followed by the vodka segment.
By packaging, the Low Alcohol Beverages Market is segmented into cans and bottles. Of these, the bottle segment will have the largest share in the market during the forecast period for its high impermeability.
By distribution channel, the Low Alcohol Beverages Market is segmented into non-store-based and store-based. The store-based is again segmented into specialty stores, supermarkets and hypermarkets, and others. Of these, the store-based segment will have the maximum share in the market during the forecast period owing to the availability of Low Alcohol Beverages in plenty in supermarkets & hypermarkets.
Regional Analysis
By region, the Low Alcohol Beverages Market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific, and the Rest of the World. Of these, Europe will lead the market during the forecast period for the emergence and presence of key market players, a significant rise in the production rate and sales, and high alcohol consumption.
The Low Alcohol Beverages Market in the APAC region will grow at the highest CAGR and at the fastest pace for its increasing consumption by millennials.
The Low Alcohol Beverages Market in North America will have a healthy growth during the forecast period. Various factors are propelling the growth of the Low Alcohol Beverages Market in the region, such as high accessibility of Low Alcohol Beverages, the shift in consumer lifestyle, inclination towards luxury, and innovation & development of new products. These beverages are highly preferred for their low alcoholic content, which again is adding to its growth. The US followed by Canada are the chief contributors in this region.
low alcohol beverages Market Access full report @ https://www.marketresearchfuture.com/reports/low-alcohol-beverages-market-10539
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
+44 2035 002 764(UK)
Email :[email protected]
Market ForecastIn 2020, the global low alcohol beverages market was valued at USD 889.7 million and is expected to register a CAGR of 4.3% between 2021 and 2028.
Low alcohol beverages are going mainstream and are set to become serious contenders in the overall beverage industry in the next couple of years.
One of the key driving forces behind its growth is rising consumer awareness, especially among young millennials, about the health risks associated with excessive alcohol intake.
Consumers are becoming increasingly conscious about their physical and mental health, leading to a decline in the consumption of high ABV beverages.The American population is increasingly giving up alcoholic beverages, prompting some of the top brewers and liquor companies to push beyond their traditional alcohols and look for energy drinks, non and low-alcoholic beverages.
This leads to the launch of extensive ranges of low- and non-alcoholic beers by brands such as Budweiser and Heineken.
Brewer AB InBev’s—one of the largest brewing companies in Europe—generates over 8% of its total revenue from zero and low-alcohol beers and is expected to increase its share of sales up to 20% by 2025.Additionally, the outbreak of COVID-19 has resulted in a surge in demand for the low alcoholic beverages market across the globe.
Market ForecastIn 2020, the global low alcohol beverages market was valued at USD 889.7 million and is expected to register a CAGR of 4.3% between 2021 and 2028.Low alcohol beverages include drinks that has an “alcoholic strength by volume” (ABV) of between 0.05% and 1.2%.
Low alcohol beverages are going mainstream and is set to become serious contenders in the overall beverage industry in next couple of years.
One of the key driving forces behind its growth is rising consumer awareness, especially among young millennials, about the health risks associated with excessive alcohol intake.
Consumers are becoming increasingly conscious about their physical and mental health, leading to a decline in the consumption of high ABV beverages.
This leads to the launch of extensive ranges of low- and non-alcoholic beers by brands such as Budweiser and Heineken.Brewer AB InBev’s—one of the largest brewing companies in Europe—generates over 8% of its total revenue from zero and low-alcohol beers and is expected to increase its share of sales up to 20% till 2025.Additionally, the outbreak of COVID-19 has resulted in a surge in demand for low alcoholic beverages across the globe.
The country has stockpiled over USD 1.42 million of low and non-alcoholic drinks amid the onset of Covid-19.
Most of these have 0 carbs, which is great, and depends on what is to be mix with them.
Latest released the research study on Global Low Carb Alcohol Market, offers a detailed overview of the factors influencing the global business scope.
The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Low Carb Alcohol.
Low Carb Alcohol Market Data Breakdown and Market Segmentation: by Type (Wine, Beer, Spirits, Coolers, Other), Application (Commercial, Residential), Distribution Channel (Online, Offline (Hypermarket/Supermarket) What's Trending in Market:Changing Lifestyle and Consumption Habits of Alcoholic DrinksChallenges:High Cost of Premium and Super Premium ProductsRestraints:Increasing Government Regulation and TaxesMarket Growth Drivers:Traditionally Preferred Drink Due to its Low Carb ContentRapid Urbanization and High Disposable Income Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
What benefits does AMA research study is going to provide?
– Latest industry influencing trends and development scenario – Open up New Markets – To Seize powerful market opportunities – Key decision in planning and to further expand market share – Identify Key Business Segments, Market proposition & Gap Analysis – Assisting in allocating marketing investments Strategic Points Covered in Table of Content of Global Low Carb Alcohol Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Market Keyword without Region marketChapter 2: Exclusive Summary – the basic information of the Low Carb Alcohol Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Low Carb AlcoholChapter 4: Presenting the Low Carb Alcohol Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the Low Carb Alcohol market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Low Carb Alcohol Market is a valuable source of guidance for individuals and companies in their decision framework.
