Press release
Low Alcohol Beverage Market to Reach $1.89 Billion by 2030, Growing at a CAGR of 4.32%
Low Alcohol Beverage Market
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.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/112935/
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
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 ๐๐๐ข๐ง๐๐ค๐๐ง 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.
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
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.
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
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.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/112935/
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ฉ๐๐๐ญ๐๐ฌ ๐ข๐ง ๐๐ก๐ข๐ง๐
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.
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
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.
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
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.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/112935/
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐
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.
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ฉ๐๐๐ญ๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
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.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/low-alcohol-beverage-market/112935/ ๏ปฟ
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Low-alcohol beer
Low-alcohol wine
Low-alcohol RTD's
Low-alcohol cider
Low-alcohol spirits
๐๐ฒ ๐๐ฒ๐ฉ๐
Non-store based
Store-Based
๐๐จ๐ฐ ๐๐ฅ๐๐จ๐ก๐จ๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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