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Non-Alcoholic Spirits Market Growth: Trends, Opportunities, and Revenue Projections (2024-2030)

12-23-2024 06:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Non-alcoholic Spirits Market

Non-alcoholic Spirits Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐จ๐ง-๐€๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐‹๐ž๐š๐๐ข๐ง๐  ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ

The Non-Alcoholic Spirits Market was valued at USD 11.62 billion in 2023 and is projected to grow at a robust CAGR of 9.94% from 2024 to 2030, reaching nearly USD 22.56 billion. This growth is driven by increasing consumer awareness of health and wellness, alongside a global trend towards alcohol-free lifestyles.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam has witnessed a surge in the consumption of non-alcoholic beverages, driven by rising health-conscious consumers and changing social norms. The entry of Seedlip and Lyre's Spirits Co. into the market has set a benchmark for premium alcohol alternatives. Recent acquisitions, including Vietnam Beverage Co.'s collaboration with local distributors, have enhanced product accessibility.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ

Thailand is experiencing a growing preference for non-alcoholic spirits among millennials and urban consumers. The market is marked by innovative launches, such as locally sourced ingredients by CleanCo Spirits. A merger between Bangkok Beverages Ltd. and Green Alternatives Co. has paved the way for expanded distribution networks and heightened product innovation.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan presents unique opportunities due to its cultural emphasis on moderation and health. The introduction of low-calorie, alcohol-free spirits by Suntory Holdings Ltd. has resonated well with consumers. Recent collaborations, such as the strategic partnership between Asahi Group Holdings and Lyre's Spirits Co., underscore the potential for innovative product offerings tailored to Japanese tastes.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's non-alcoholic spirits market is expanding, bolstered by rising demand from younger demographics. The penetration of brands like Everleaf Drinks has been supported by a partnership with Seoul Beverage Consortium. South Korea also saw the launch of premium alcohol-free spirits by Diageo, which has further stimulated market growth.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's market is driven by its diverse expatriate population and increasing adoption of health-conscious lifestyles. Notable players such as Monday Gin have capitalized on this trend by introducing innovative alcohol-free products. A recent acquisition by Singapore Beverages Ltd. of EcoSpirits' distribution rights has solidified the country's position as a key hub for non-alcoholic spirits in Southeast Asia.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States is a frontrunner in the global non-alcoholic spirits market, accounting for significant market revenue. The expansion of Ritual Zero Proof and acquisitions like The Coca-Cola Company's partnership with non-alcoholic spirit startups have reshaped the market landscape. Emerging trends, including functional ingredients and sustainable packaging, continue to drive innovation in this region.

๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe remains a dominant region in the non-alcoholic spirits market, led by countries such as the UK, Germany, and France. Recent developments include the merger of Lyre's Spirits Co. with a leading German distributor to enhance market penetration. Additionally, brands like Ceders and Everleaf are gaining traction, focusing on botanical flavors and eco-friendly practices.

๐†๐š๐ข๐ง ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ. ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/24789/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Gin
Rum
Vodka
Tequila
Whiskey
Others

In 2023, the worldwide non-alcoholic spirits market was headed by the Gin segment, which had the biggest market share by type at 36%. Over the course of the forecast period, the segment is anticipated to increase at a CAGR of 4.25%. Non-alcoholic gin that mimics the olfactory characteristics of regular gin has become more and more popular. Gin is a popular alcoholic spirit that is noted for its botanical flavors. These non-alcoholic gins frequently contain botanicals that give them a familiar and unique flavor profile, like citrus, coriander, and juniper. Numerous causes, such as health and wellness concerns, the mindful drinking movement, taste and flavor profiles that resemble classic gin, cocktail variety, inclusivity for social gatherings, and innovation in the beverage business, have contributed to the rise in popularity of non-alcoholic gin. These elements have

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Offline

Food Retails & Shops
Food Services
Restaurants and Bars
Online

Over the course of the forecast period, the whiskey sector is anticipated to rise at a substantial CAGR and present profitable growth opportunities for the competitors in the non-alcoholic spirits market. A popular alcoholic beverage with unique smells and scents, whiskey has drawn interest from non-alcoholic substitutes that try to capture its depth and richness. Typical whiskey characteristics like oak, smoke, and caramel are frequently added to non-alcoholic whiskeys without the alcohol. The growing market for non-alcoholic beverages, the mindful drinking movement, evolving consumer preferences, genuine taste and flavor profiles, adaptability, inclusivity, and innovation in the beverage sector are all contributing factors to the rising demand for non-alcoholic whiskey.

๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

Conventional
Organic

Over the course of the projected period, the tequila category is anticipated to increase at a moderate CAGR. Compared to conventional alcoholic tequila, the market for non-alcoholic tequila is still quite small. Nonetheless, non-alcoholic tequila has gained appeal and attention, which is helping the market expand. For social gatherings or events when people may decide not to drink alcohol for personal, health, or other reasons, non-alcoholic tequila offers a welcoming alternative. Without consuming alcohol, it enables individuals to partake in the pleasure of tequila-like tastes and experiences. Furthermore, non-alcoholic tequila can be utilized in a wide range of applications, including cocktails, mocktails, and cooking, giving mixologists, bartenders, and home cooks the freedom to make tequila-inspired beverages or meals without the alcohol.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/24789/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

American Non-alcoholic Spirits Market Top Players:
1. Corning Inc (USA)
2. W.L. Gore & Associates (USA)
3. Finisar (USA)
4. Hitachi Cable (USA)
5. Reflex Photonics (Canada)
6. Coherent (USA)
7. Rockwell Collins (USA)
8. CommScope (USA)
Europe Non-alcoholic Spirits Market Top Players:
1. Nexans (France)
2. Leoni (Germany)
3. Prysmian (Italy)
Asia Pacific Non-alcoholic Spirits Market Top Players:
1. Furukawa Electric (Japan)
2. Tongding Group (China)
3. LS Cable & System (South Korea)
4. Sterlite Technologies (India)
5. Yangtze Optical Fibre and Cable (China)
6. Hengtong Group (China)
7. Nestor Cables (India)
8. Fujikura (Japan)
9. Sumitomo Electric Industries (Japan)

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐๐จ๐ง-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ๐ข๐œ ๐’๐ฉ๐ข๐ซ๐ข๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Non-alcoholic Spirits ?
What is the growth rate of the Non-alcoholic Spirits Market?
Which are the factors expected to drive the Non-alcoholic Spirits market growth?
What is the CAGR at which the Non-alcoholic Spirits market will grow during the forecast period?
What are the different segments of the Non-alcoholic Spirits Market?
Which is the fastest growing region in the Non-alcoholic Spirits market?
What growth strategies are the players considering to increase their presence in Non-alcoholic Spirits ?
What are the upcoming opportunities and trends for the Non-alcoholic Spirits Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Non-alcoholic Spirits Market?
Who are the leading companies and what are their portfolios in Non-alcoholic Spirits Market?
What segments are covered in the Non-alcoholic Spirits Market?
Who are the key players in the Non-alcoholic Spirits market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/24789/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

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