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Global Low Alcohol Beverages Market: Shaping Consumer Preferences, Driving Health Trends, and Expanding Market Prospects
Low Alcohol Beverages Market Share
What Is The Projected Market Size Of The Global Low Alcohol Beverages Market And Its Growth Rate?
The low alcohol beverages market is evolving rapidly, propelled by changes in consumer preferences and societal trends.
• 2024 market size: $1.33 billion
• 2025 market size: $1.41 billion (6.0% CAGR)
• 2029 forecast market size: $1.76 billion (5.5% CAGR)
This growth can be attributed to the shift towards global wellness, environmental sustainability, demographic changes, and the evolution of the retail landscape.
What Is Driving The Growth In The Low Alcohol Beverages Market?
The growth of the low-alcohol beverages market is largely driven by an increased demand for healthier lifestyle choices. This includes the consumption of beverages which are considered healthy. As consumers are increasingly realizing the impact of their food and drink choices on their health, low-alcohol beverages are gaining popularity for their lower calorie and sugar content. For instance, according to the Organic Industry Survey released by the Organic Trade Association, the organic beverages category, which includes low-alcohol options, witnessed a 4% rise in sales in 2022 reaching $9 billion. Thus, the demand for healthier beverages is fuelling the growth of the low-alcohol beverages market.
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Who Are the Key Players Driving Low Alcohol Beverages Market Growth?
Key players influencing the low alcohol beverages market include:
• Anheuser-Busch Companies LLC
• Constellation Brands Inc.
• Heineken NV
• Carlsberg Breweries A/S
• Bacardi Limited
• Asahi Group Holdings Ltd.
What Are The Key Trends In The Low Alcohol Beverages Market?
Major trends shaping the low alcohol beverages market include:
• Health and wellness movement
• Innovation in product development
• Societal and cultural shifts
• Regulatory environment
• Preferences of millennial and gen Z consumers
What Are The Segments Of The Global Low Alcohol Beverages Market?
Low alcohol beverages market segments include:
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: Super markets And Hypermarkets, Retailers
Which Region Leads The Low Alcohol Beverages Market?
North America held the largest market share in the low-alcohol beverages market in 2024. Going forward, the regions expected to exhibit significant growth include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Low Alcohol Beverages Market Global Market Report?
- Market Size Analysis: Analyze the Low Alcohol Beverages Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Low Alcohol Beverages Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Low Alcohol Beverages Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Low Alcohol Beverages Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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