Low-alcohol Beverages Market Size Growing Incredibly During Forecast

In 2023, the market for low-alcohol beverages is expected to be worth US$ 800 million. Additionally, it is predicted that sales of alcoholic beverages will increase at a CAGR of 4.5% through 2033, reaching a value of US$ 1.2 billion globally by year's end.

Increased alcohol usage over the past few years has led to a number of health problems. As a result, there are now more producers of low-alcohol beverages. Growing consumer knowledge of the availability of non-alcoholic or low-alcohol beverages is another factor boosting growth prospects in the global market.

To draw in more customers, market participants are focusing on cutting-edge development strategies, like packaging designs. Additionally, the expansion of food-based e-commerce platforms is boosting the number of products sold in industry.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:https://www.factmr.com/connectus/sample?flag=S&rep_id=8009

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Industry players are incorporating different strategies to gain a competitive edge in the market.

For instance :

In May 2022, Budweiser brewer AB InBev started to take efforts to fulfill its goal to manufacture 20% of its total volume of beer with low alcohol and no alcohol. The company is planning to achieve its goal by 2028-end. In an interview in Davos at the World Economic Forum, the company confirmed that it can reach slightly over 6% of its complete goal.
Through this initiative, the company is supporting the WHO, which is targeting to reduce the consumption of harmful beverages - alcoholic drinks. The excessive consumption of alcoholic beverages is responsible for chronic diseases, car accidents, and congenital disabilities.

𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀
• A. Le Coq
• New Belgium Brewing Company
• Bacardi Ltd.
• Constellation Brands, Inc.
• Jack's Hard Cider
• Red Truck Beer Company
• Vitis Industries
• Sierra Nevada Brewing Co

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗯𝘆 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲𝗿𝘀 𝗳𝗼𝗿 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗼𝗳 𝗟𝗼𝘄-𝗮𝗹𝗰𝗼𝗵𝗼𝗹 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀

The market for low-alcohol beverages is expected to rise as a result of manufacturers making significant investments to enhance their quality, taste, and variety. These firms have developed many products that are gaining popularity in the market, such as fruit-flavored low-alcohol beverages and low-calorie low-alcohol beverages.

For instance :

Molson Coors in September 2019 launched Coors Edge which is a 0.5% ABV beer. It was launched in the U.S. for the expansion of the company's non-alcoholic beverages portfolio across the country.
Rising interest of people in wellness and health in recent years is also predicted to drive sales of zero & low-alcohol beverages.

𝗧𝗵𝗲 𝗸𝗲𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝘃𝗼𝗹𝘃𝗲 𝗮𝗿𝗼𝘂𝗻𝗱-

1) How key market players are maintaining their competitive advantage in the wake of globalization?
2) What changing dynamics in the Low-alcohol Beverages market specify about the future opportunities for manufacturers?
3) How Covid-19 pandemic affected sales and what strategies are expected to recover from its impact?
4) What business tactics are gaining attention and influencing Low-alcohol Beverages industry rivalry?

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁:

- The study examines how the global Low-alcohol Beverages market would be influenced by strict pollution control regulations.
- To look at the competition from different angles using Porter's five forces research.
- To study the product type that is expected to dominate the market is the subject of research.
- To examine the regions those are projected to expand the most rapidly during the forecast era.
- To identify the big Low-alcohol Beverages market players' new trends, market positions, and strategies.
- To study value chain analysis and overview of the positions of various stakeholders.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗟𝗼𝘄-𝗮𝗹𝗰𝗼𝗵𝗼𝗹 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

By Type:
Beer
Wine
RTD
Cider
Spirits
By Distribution Channel:
Supermarkets & Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/8009/

Customers will use the study to reach a fair conclusion and consider current and potential possibilities and developments in the global Low-alcohol Beverages market. The study also analyzes both proven market dynamics and recent ventures that are disrupting the industry with their newest technologies and inventions. The study delivers in-depth research of the revenue and recent trends over the prediction period. This research study assesses the rate of progress and Low-alcohol Beverages market valuation based on core dynamics and growth-inducing variables. Present industry news, prospects, and key inventions are needed for report preparation.

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This release was published on openPR.