Non-Alcoholic Wine Market Is Expected To Balloon At A CAGR 10.4% By The Year 2031

Global Non-Alcoholic Wine Industry Current Scenario and Outlook

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the Non-Alcoholic Wine industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer.

The restrictions in the movement of workers, closure of Non-Alcoholic Wine production facilities, and changes in consumer demand have put excessive pressure on the Non-Alcoholic Wine industry.

Fortunately, several countries like the U.S., the U.K., India, China, and Germany are slowly recovering from the adverse effects of the pandemic thanks to the advent of the vaccination process. Manufacturers across the world are working efficiently to bring the Non-Alcoholic Wine supply chain back on track to ensure the speedy recovery of the Non-Alcoholic Wine industry.

Request Sample- https://www.factmr.com/connectus/sample?flag=S&rep_id=4532

Market Segments Covered in Non-Alcoholic Wine Industry Research

By Product Type
Still Non-Alcoholic Wine
Sparkling Non-Alcoholic Wine
By Alcohol Concentration
Alcohol-free (0.0% ABV)
Low-alcohol (Up to 1.2% ABV)

By Packaging

Non-Alcoholic Wine Bottles
Non-Alcoholic Wine Cans

By Sales Channel

Non-Alcoholic Wine Sold at Liquor Stores
Non-Alcoholic Wine Sold at Restaurants & Bars
Non-Alcoholic Wine Sold through Online Stores
Non-Alcoholic Wine Sold at Supermarkets
Non-Alcoholic Wine Sold at Travel Retails
Non-Alcoholic Wine Sold at Tasting Rooms

Request Customization- https://www.factmr.com/connectus/sample?flag=RC&rep_id=4532

The U.S. is Gaining Momentum with Non-Alcoholic Wine Delivery Services

The U.S. is home to some of the largest Non-Alcoholic Wine suppliers and producers in the Non-Alcoholic Wine industry. Despite being a leader in the Non-Alcoholic Wine industry, the country suffered a major loss due to disruptions in the supply chain and shutting down production facilities.

The biggest concern in the region was to maintain employee health security. Due to restrictions in the movement and the shutting down of several restaurants and home delivery businesses, the Non-Alcoholic Wine industry has suffered a huge blow.

However, the Non-Alcoholic Wine manufacturers in the U.S. gradually experienced an upward shift as the lockdown restrictions eased in the country. Various production facilities opened again, and the resumption of Non-Alcoholic Wine delivery helped the Non-Alcoholic Wine industry gain some traction.

Leading players in the delivery and takeaway market such as GrubHub, DoorDash, Postmates, and Uber Eats have significantly helped in the recovery of the Non-Alcoholic Wine industry in the region. The ease of getting Non-Alcoholic Wine delivered at the door helped businesses to successfully handle the demand and supply gap.

Competition Landscape:
The market is highly competitive with several producers of non-alcoholic wine products competing for a significant share in the market. The global market for non-alcoholic wines witnessed several merger and acquisition activities and new product launches during 2016-2020, and the trend is expected to continue owing to increasing consumer interest in low-alcohol and no-alcohol wine.

HUN Wines launched the non-alcoholic canned wine named HUN Alcohol Free (AF) in 2021 in the UK region which is made from South African Chenin Blanc. It has an ABV of 0.5% and is vegan-friendly.
US-based E. & J. Gallo Winery announced the acquisition of more than 30 wine brands from Constellation Brands, Inc. in 2021.
Similar recent developments related to companies offering non-alcoholic wine have been tracked by the team at Fact.MR, which are available in the full report.

Fact.MR has provided detailed information about the price points of non-alcoholic wine, manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in its recently published report.

Buy Now- https://www.factmr.com/checkout/4532

Europe is Capitalizing on Frozen Non-Alcoholic Wines

The negative impact of the pandemic was evident in European countries, affecting manufacturing units and supply chains across the region. Countries like Italy and France faced immense losses due to the shutting down of restaurants and multiple Non-Alcoholic Wine chains.

However, as the government lifted the lockdown restrictions, various manufacturers saw the road to recovery, mainly the frozen Non-Alcoholic Wine industry. Europe is the largest market for frozen Non-Alcoholic Wine, which is attributed to convenience in lifestyle and improvement in the standard of living.

Additionally, the players in the frozen Non-Alcoholic Wine market are capitalizing on adding health benefits to the Non-Alcoholic Wine products, while enhancing the quality and availability of the products, which in turn is helping the Non-Alcoholic Wine industry get back on track.

The dairy industry is also experiencing demand in Europe as consumers are showing increasing interest in products that have low sugar content and require minimal processing. Dairy-based frozen Non-Alcoholic Wine products like ice creams are yogurts are rich sources of vitamin D, calcium, and phosphorus, making them a healthy choice for consumers in the region.

China is Embracing the Ready-To-Eat Non-Alcoholic Wine Trend

China, being the worst-affected region during the pandemic, is slowly employing growth strategies to bring the Non-Alcoholic Wine industry to its pre-pandemic status. The disruption in the supply chain has immensely hindered the growth of the industry in the region.

With certain relaxations and the containment of the virus, manufacturers in China have resumed production activities to bridge the demand and supply gap in the country. Due to a fast-moving lifestyle in the country, consumers are preferring small quantities of ready-to-eat meals rather than conventionally large meals. This has fueled the demand for on-the-go, ready-to-eat meals.

The presence of key market players in the country along with a rising class of health-conscious customers is supporting the gradual recovery of the Non-Alcoholic Wine industry in the region. Various manufacturers are incorporating innovations in ready-to-eat meals, enriching them with essential vitamins and other health supplements, without compromising the taste.

The demand for ready-to-eat meals will continue to grow in the coming years, due to its advantages such as fewer time consumptions and easy availability, thus boosting the overall growth of the Non-Alcoholic Wine industry.

India is Focusing on Delivering Dishes as well as Groceries to Doors

The Indian Non-Alcoholic Wine industry suffered from a major setback due to the restrictions and movement and the increasing spread of the virus. Due to disruptions in the supply chain, Non-Alcoholic Wine products failed to reach shelves and local markets.

There is a high presence of local players in the Indian Non-Alcoholic Wine industry that are making conscious efforts towards the recovery of their businesses. Various restaurants and eateries are now focusing on delivery and takeaway services to help the Non-Alcoholic Wine industry recover from the impact of the pandemic.

Additional third-party Non-Alcoholic Wine delivery companies such as Zomato Pvt. Ltd, Swiggy Pvt. Ltd., and Non-Alcoholic Winepanda also launched grocery delivery services that have helped many manufacturers, retailers, and restaurants to gain momentum and experience growth in the demand and sales.

Key Long-Term Trends

The global Non-Alcoholic Wine industry will continue to experience high demand across various regions worldwide. The introduction and adoption of facilities such as Non-Alcoholic Wine delivery services have propelled the demand, showing an upward trend in the Non-Alcoholic Wine industry. Some long-term trends in the Non-Alcoholic Wine industry are:

Plant-based Non-Alcoholic Wine products

Growing consumer interest in organic and vegan diets will drive rapid expansion in the Non-Alcoholic Wine industry, allowing various new entrants and existing players to establish a firm foothold in the market.

Combining science with nutrition

Using technology to enhance the quality of Non-Alcoholic Wine and beverages will drive sales in the Non-Alcoholic Wine industry. Non-Alcoholic Wine products with enhanced nutritional value, sustainability, and ethical impact will continue to accelerate demand in various segments of the Non-Alcoholic Wine industry across the globe.

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com
Blog URL: https://blog.factmr.com/

About Us:

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.