![]() ![]() In the near future, this could certainly offset most restraints affecting the global market for non-alcoholic malt beverages. However, with an increasing number of health-conscious people, many are turning to non-alcoholic malt beverages to get the experience without actually drinking alcohol. Due to their reputation as yellow fizzy water, these beverages lost popularity in bars and lounges due to public criticism. Due to the absence of alcohol, a consumer base might not prefer beverages where alcohol is in demand. However, there might be some areas in which the global non-alcoholic malt beverages market does not do well. Other factors may also drive the market upward, such as the use of organic malt in production and the availability of malted beverages in a wide range of quantities. People are becoming more aware of the importance of staying healthy, which might also be driving the global non-alcoholic malt beverages market. The consumption of non-alcoholic malt beverages is not detrimental to health compared to the consumption of alcoholic drinks. Due to such a demand, the global non-alcoholic malt beverages market has recently gained tremendous popularity. ![]() Future Market Insights projects that non-alcoholic malt beverages remain steady, exhibiting growth at 6.7% CAGR between 20.Īs non-alcoholic malt beverages become more popular among end users, the demand for these beverages increases. The global non-alcoholic malt beverages market is estimated at US$ 32.7 billion in 2023 and is projected to reach US$ 62.7 billion by 2033. Ltd, Big Easy Blends, LLC, Suntory Holdings Limited, POKKA SAPPORO Food & Beverage Ltd., Monster Energy, Yakult Honsha Co., Ltd., Starbucks Corporation, Danone S.A., Nestlé S.A., The Coca-Cola Company, and Ting Hsin International Group are commendable players working in the global non-alcoholic RTD beverages market.Non-alcoholic Malt Beverages Market Outlook (2023 to 2033) PepsiCo, DRY Soda Company, The Republic of Tea, Keurig Dr Pepper Inc., Lotte Chilsung Beverage Co. Launch of new flavors has facilitated the growth of the global non-alcoholic RTD beverages market. On the other hand, the APAC region can register a massive windfall due to the wide-scale consumption of beverages, rising disposable income levels of consumers, and adopted lifestyles of consumers. Opening of new distribution channels and accessibility to non-alcoholic beverages can drive the market demand. The U.S., particularly, is expected to contribute to the regional market due to a massive consumer base and demand for energy drinks. North America is projected to dominate the global market due to massive investments by players and the introduction of new brands. The global plant based beverages market reports regions of prime importance, namely Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW). However, volatile prices of fruits and vegetables can hamper market growth. The shift to plant-based juices and veganism can tilt favorably towards the global non-alcoholic RTD beverages market. ![]() In addition, the effects of alcoholism, as well as forty-something adults cutting down on alcohol, is predicted to push the market to generate revenues at 4.5% CAGR during the forecast period. The sales of functional beverages that can bolster health levels can bode well for the market.Įmphasis on health and wellness by demographics of millennials and generation Z consumers as well as a desire to avoid hangovers can bolster the market demand. The immense demand for versatile mocktails for consumers with a zero penchant for alcohol is expected to drive the market from 2019 to 2024 (forecast period). ![]() The global non-alcoholic RTD beverages market size can touch USD 800 billion by 2024. The global non-alcoholic RTD beverages market report by Market Research Future (MRFR) contains pertinent trends and factors pushing the niche segment into mainstream production. Rising number of teetotalers, as well as a sizeable part of the millennial demographic swearing off alcohol, has driven the demand for beverages. Non-alcoholic ready-to-drink (RTD) beverages are beverages with zero alcohol levels. ![]()
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