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Non-Alcoholic Beer Market Showing 7.5% CAGR Growth to 2024: Top Companies are Heineken, Kirin, Erdinger Weibbrau, Suntory, Bernard Brewery, Carlsberg, Arpanoosh, Moscow Brewing Company, Coors Brewing Company

11-28-2018 02:27 PM CET | Business, Economy, Finances, Banking & Insurance

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Non-Alcoholic Beer Market, Global Non-Alcoholic Beer Market Size, Non-Alcoholic Beer Industry, Non-Alcoholic Beer Market Trends

Non-Alcoholic Beer Market, Global Non-Alcoholic Beer Market Size, Non-Alcoholic Beer Industry, Non-Alcoholic Beer Market Trends

The global non-alcoholic beer market has been touted to register a substantial growth rate in the years to come on account of the changing consumer preference towards alcoholic beverages coupled with the laws standardized pertaining to age limit for alcohol consumption. One of the major advantages of non-alcoholic beers is that they can be consumed by everyone, even minors who are far from the legal drinking age.

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Recently, Sint Maarten passed the Jacobs’ law amendment that upped the legal drinking age from 16 to 18. Under the regulation, no businesses will be allowed to sell or serve alcohol to minors below the designated age. Breaking the law can result in a maximum sentence of six months or a fine worth NAF 10,000. Meanwhile, Scotland has introduced a new digital breathalyzers capable of recording the gender, age, and location of the suspected drivers. Therefore, non-alcoholic beverages will be the go-to option for youngsters looking to have a drink, especially during festive seasons, which will propel the non-alcoholic beer market in the coming years.

Alcohol free beer accounted for more than 50% of the overall market share in 2016. Rising health concerns regarding controlling unsuitable drinking habits are major factors boosting business growth. Increasing promotional campaigns for open to all consumption, including pregnant women and sports athletes is projected to drive non-alcoholic beer market share.

Legislative changes also have a substantial impact on non-alcoholic beer market growth during the forecast timeframe. Additionally, increasing progress of R&D initiatives by several manufacturers to come up with enhanced production technologies will propel product development.

Hops material demand stood over 200 million liters in 2016 for non-alcoholic beer production. The rising demand for an adequate number of flavors forming extra foam to increase creaminess in liquor products will remain key factors driving hops demand. Other vital properties include removal of excess proteins in unfermented conditions and proficiently acts as a natural preservative along with presence of essential oils and acids to deliver appropriate bitterness and aroma.

Dealcoholisation technique accounted for over 80% of the global production in 2016. Enhanced single pass liquor removal by stripping mechanism effective at low temperature & pressure is the major factor propelling technology penetration. Stripping efficacy is boosted by modifying inside production vessel temperature before it is passed into vessel column. Moreover, restricting recirculation necessity substantially lessens overall operating costs and that, in turn, foster non-alcoholic beer market.

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Liquor stores accounted over 20% of the low alcohol beer sales in 2016 owing to the rising consumer perception towards better availability of liquor products in these stores. As per AL-KO Kober Company analysis, in 2016, low age bar on low content liquor purchase will boost business expansion. The age limit in Finland is 18 and Denmark is 16 for buying these products.

Europe market is expected to be valued more than USD 6 billion by 2024 due to the strong presence of low liquor manufacturers along with high adoption rate from consumers. Improved promotional and advertisement activities have boosted product demand. Moreover, increasing popularity among athletes & sportspersons regarding its health benefits will stimulate product demand.

Global industry share is partially consolidated and highly competitive due to large presence manufacturers and breweries. An increasing number of mergers & acquisitions along with joint ventures is expected to improve product development and strengthen global presence.

Some of the key non-alcoholic beer market players are Kirin, Erdinger Weibbrau, Suntory, Bernard Brewery, Carlsberg, Drop Brewing Co and Coors Brewing Company. Other prominent participants include Behnoush Iran, Arpanoosh, Heineken, Moscow Brewing Company, Anheuser-Busch InBev, Weihenstephan and Krombacher Brauerei.

Table of Content:

Chapter 1. Non-Alcoholic Beer Market Methodology & Scope

Chapter 2. Non-Alcoholic Beer Market Executive Summary

Chapter 3. Non-Alcoholic Beer Industry Insights

Chapter 4. Non-Alcoholic Beer Market, By Product

Chapter 5. Non-Alcoholic Beer Market, By Region

Chapter 6. Non-Alcoholic Beer Market Company Profiles

Outer scope of this report in recent years, consumers have exhibited a tremendous shift in alcoholic beverage preferences, mostly concerned by the negative effects of alcohol. Under such circumstances, non-alcoholic beers are the best option for the health-conscious beer lovers.

Embracing the trend, Province Brands of Canada has entered into an agreement with Lost Craft Beer, Ontario’s acclaimed craft beer company, to mash and ferment cannabis to brew non-alcoholic beers, which will use marijuana instead of alcohol. The product will be legally sold in Canada after the Cannabis Act, which will further expedite the growth of non-alcoholic beer market.

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Related Reports: -

North America Non-Alcoholic Beer Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Low-alcohol beer (also called light beer, non-alcoholic beer, small beer, small ale, or near-beer) is beer with little or no alcohol content, which aims to reproduce the taste of beer without the inebriating effects of standard alcoholic brews. Most low-alcohol beers are lagers, but there are some low-alcohol ales.

https://www.marketstudyreport.com/reports/north-america-non-alcoholic-beer-market-by-manufacturers-countries-type-and-application-forecast-to-2023/?utm_source=RR-SP

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