Global Low-Alcohol Beverages Market 2024-2028

Global Low-Alcohol Beverages Market 2024-2028

The low-alcohol beverages market is forecasted to grow by USD 332 mn during 2023-2028, accelerating at a CAGR of 4.54% during the forecast period. The report on the low-alcohol beverages market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing health consciousness among consumers, government reforms, and an increase in beer consumption.

Technavio's low-alcohol beverages market is segmented as below:

By Distribution Channel

• Off-trade
• On-trade

By Product

• Low alcohol beer
• Low alcohol wine
• Low alcohol RTD
• Low alcohol cider
• Low alcohol spirits

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the increase in demand for gluten-free and low-calorie beer as one of the prime reasons driving the low-alcohol beverages market growth during the next few years. Also, the rising adoption of online sales for alcoholic beverages and the increase in consumption of alcoholic beverages among women will lead to sizable demand in the market.

The report on the low-alcohol beverages market covers the following areas:

• Low-alcohol beverages market sizing
• Low-alcohol beverages market forecast
• Low-alcohol beverages market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low-alcohol beverages market vendors that include Accolade Wines Australia Ltd., Allagash Brewing Co., Anheuser Busch InBev SA NV, Asahi Group Holdings Ltd., Bacardi Ltd., Beam Suntory Inc., Carlsberg Breweries AS, CODYs Drinks International GmbH, Constellation Brands Inc., Curious Elixirs, Diageo Plc, Heineken NV, Kirin Holdings Co. Ltd., Metabrand Corp., Molson Coors Beverage Co., New Belgium Brewing Co. Inc., Olvi Plc, Royal Unibrew AS, Sapporo Holdings Ltd., and The Boston Beer Co. Inc.. Also, the low-alcohol beverages market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.