Low Alcohol Beverage Market to Reach $1.89 Billion by 2030, Growing at a CAGR of 4.32%

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The low alcohol beverage market has been witnessing a significant surge in demand globally, driven by changing consumer preferences for healthier lifestyles and moderate alcohol consumption. According to recent data, the global low alcohol beverage market was valued at USD 1.40 billion in 2023 and is expected to reach USD 1.89 billion by 2030, growing at a robust CAGR of 4.32% during the forecast period.

This press release provides an in-depth analysis of the market, covering country-specific data, key mergers and acquisitions, and notable recent developments in Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/112935/

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is emerging as a lucrative market for low alcohol beverages due to its younger demographic and increasing disposable income. The market in Vietnam is projected to grow at a CAGR of XX% from 2024 to 2030. Recent developments include the launch of innovative products by 𝐇𝐞𝐢𝐧𝐞𝐤𝐞𝐧 and partnerships with local breweries.

Trends in Vietnam:

The shift toward flavored low alcohol options.

Increasing demand for eco-friendly packaging.

Consolidation in Vietnam:

Mergers between Saigon Beer Alcohol Beverage Corporation (Sabeco) and Carlsberg Group have strengthened market penetration.

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's market is driven by government regulations promoting responsible drinking and rising awareness of health benefits.

Opportunity in Thailand:

Strong focus on non-alcoholic beer and low alcohol cider segments.

Updation in Thailand:

Recent collaboration between Chang Beer and local distribution channels has expanded product reach.

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan leads innovation in the low alcohol beverage sector, particularly in low-calorie and functional drink categories.

Growth Opportunities in Japan:

The introduction of new SKUs by Asahi Breweries targeting millennials.

Consolidation in Japan:

Kirin Holdings has acquired smaller craft breweries to diversify its portfolio.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/112935/

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China's growing middle class is driving demand for premium and low alcohol beverages.

Trends in China:

Rapid urbanization fueling demand for low-alcohol wines and spirits.

Recent Developments:

Partnerships between Tsingtao Brewery and European brands to introduce hybrid products.

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's market benefits from a well-established nightlife culture and an increasing focus on health-conscious consumption.

Opportunities in South Korea:

Rising demand for soju-based low alcohol beverages.

Consolidation in South Korea:

Acquisition of local breweries by Hite Jinro.

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore has seen a steady rise in demand for premium low alcohol beverages, catering to its affluent population.

Growth Opportunities in Singapore:

Expansion of low alcohol craft beer offerings by Tiger Beer.

Updation in Singapore:

Introduction of AI-based personalized beverage solutions by local startups.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/112935/

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US remains one of the largest markets for low alcohol beverages, with growing consumer interest in hard seltzers and non-alcoholic beer.

Opportunities in the US:

Innovative campaigns by Anheuser-Busch focusing on sustainability.

Consolidation in the US:

Strategic mergers between Molson Coors and smaller brands to increase portfolio diversity.

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe, being a mature market, shows consistent growth, particularly in the low-alcohol wine segment.

Trends in Europe:

Increasing focus on organic and biodynamic low alcohol products.

Consolidation in Europe:

Mergers between Diageo and regional breweries to strengthen their foothold in the premium segment.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/market-report/low-alcohol-beverage-market/112935/ 

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Low-alcohol beer
Low-alcohol wine
Low-alcohol RTD's
Low-alcohol cider
Low-alcohol spirits

𝐛𝐲 𝐓𝐲𝐩𝐞

Non-store based
Store-Based

𝐋𝐨𝐰 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. A. Le Coq Estonia
2. Abita Brewing Company
3. Aftershock Brewing Co.
4. Anheuser-Busch InBev SA/NV
5. Asahi Premium Beverages Pty., Ltd.
6. Bacardi Ltd.
7. Bell's Brewery, Inc.
8. Blake's Hard Cider Co.
9. Blue Moon Brewing Company
10.Carlsberg Breweries A/S
11.CODY's Drinks International GmbH
12.Constellation Brands, Inc.
13.Farmageddon Brewery
14.Hartwall Ltd.
15.Heineken NV
16.HP Bulmer Limited
17.Jack's Hard Cider

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