Low Alcohol Beverages Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
6 Jun, 2023
The global low alcohol beverages market size is expected to grow from $1.18 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global low alcohol beverages market size is expected to reach $1.56 billion in 2027 at a CAGR of 5.5%.
Global Low Alcohol Beverages Market Key Driver
The rising demand for a healthier lifestyle is likely to propel the low-alcohol beverage market ahead. Consumption of healthy beverages, which refers to a drink that is fit for consumption, is part of the choice for a healthier lifestyle. Consumers believe that incorporating healthful fluids into daily life can help individuals become healthier, and low-alcohol beverages are often marketed as having fewer calories and sugar than their full-alcohol counterparts, which can support a healthy lifestyle; thus, the growing demand for a healthier lifestyle is expected to boost the low-alcohol beverages market.
Get a sample of the global low alcohol beverages market reportGlobal Low Alcohol Beverages Market Segments
The global low alcohol beverages market is segmented:
1) By Type: Low Alcohol Beer, Low Alcohol Spirits, Low Alcohol Wine, Low-Alcohol RTD, Low Alcohol Ciders
2) By Distribution Channel: Store-Based, Non-Store Based
3) By Application: Supermarkets And Hypermarkets, Retailers
4) By Geography: The regions covered in the low alcohol beverages market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global low alcohol beverages market.
Major Low Alcohol Beverages Industry Players
Anheuser-Busch Companies LLC, Constellation Brands Inc., Heineken NV, Carlsberg Breweries A/S, Bacardi Limited, Asahi Premium Beverages, A. Le Coq, Abita Brewing Company, Aftershock Brewing, Bells Brewery Inc., Accolade Wines, Diageo, Allagash Brewing Company, Molson Coors Brewing Co., Beam Suntory Inc.
Get the full global low alcohol beverages market reportLow Alcohol Beverages Market Overview
Low-alcohol beverages refer to drinks having a lower ABV (alcohol strength by volume) of 0.5% to 1.2%. The low-alcohol beverages do not include diuretics, which do not cause any dehydration and assist the body in keeping hydrated.
Low Alcohol Beverages Global Market Report 2023 provides data on the global low alcohol beverages market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The low alcohol beverages market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.