Global Alcohol Free Spirits Market, By Source (Fruits, Vegetables, Cereals, Tea, Coffee, Milk, Cocoa/Chocolate, Plant Extracts/Herbal Extracts, Microbial Extracts, Nuts, Soybean, Floral Extracts, Colorants, Sweeteners, Flavours, Preservatives and CO2), Packaging (Bottles, Metal Can, Liquid Carton, Slim Plastic Containers, Pouch, Tetra Pak, Sachet, Takeaway Cups & Tumblers), Distribution Channel (Hypermarket, Supermarket, Convenience Stores, E-commerce and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Alcohol Free Spirits Market
The alcohol free spirits market is expected to witness market growth at a rate of 7.0% in the forecast period of 2021 to 2028 and is expected to reach USD 12.7 billion by 2028. Data Bridge Market Research report on alcohol free spirits market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the presence of coronary heart disease and hypertension in both youthful and the aging population because the consumption of beverages with high alcoholic content is escalating the growth of alcohol free spirits market.
The golden age of mocktails is here. Previously, those disdaining alcohol were referred to as sugary soft drinks, plain club soda, and plain old water. In the recent years there has been a rise in the mocktail division, with lots of pros coming up tasteful tasty, alcohol-free replacements to help those who choose not to drink. And now that the sober-curious drive has sustained to take off, even more creative distillers have come up with non-alcoholic choices to swap the distinctions that traditional liquor might offer, making alternatives for rum, whiskey, vodka, gin and liqueurs that will satisfy even the sharpest palates.
Major factors that are expected to boost the growth of the alcohol free spirits market in the forecast period are the growing pub culture. Furthermore, the rise in the disposable income and growing number of health-conscious people is further anticipated to propel the growth of the alcohol free spirits market. Moreover, the stringent government laws against alcohol consumption is further estimated to cushion the growth of the alcohol free spirits market. On the other hand, the occurrence of alternatives in the form of natural-based and carbonated beverages is further projected to impede and challenge the growth of the alcohol free spirits market in the timeline period.
- In addition, the new product development and accessibility of non-alcoholic beer across several bars and restaurants will further provide potential opportunities for the growth of the alcohol free spirits market in the coming years.
This alcohol free spirits market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on alcohol free spirits market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Alcohol Free Spirits Market Scope and Market Size
The alcohol free spirits market is segmented on the basis of source, packaging, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the alcohol free spirits market is segmented into fruits, vegetables, cereals, tea, coffee, milk, cocoa/chocolate, plant extracts/herbal extracts, microbial extracts, nuts, soybean, floral extracts, colorants, sweeteners, flavours, preservatives and CO2.
- On the basis of packaging, the alcohol free spirits market is segmented into bottles, metal can, liquid carton, slim plastic containers, pouch, tetra pak, sachet, takeaway cups & tumblers.
- On the basis of distribution channel, the alcohol free spirits market are segmented into hypermarket, supermarket, convenience stores, e-commerce and others.
Alcohol Free Spirits Market Country Level Analysis
The alcohol free spirits market is segmented on the basis of source, packaging, and distribution channel.
The countries covered in the alcohol free spirits market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the alcohol free spirits market due to the occurrence of major key players. Furthermore, the growing range of sparkling cocktails will further boost the growth alcohol free spirits market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the alcohol free spirits market due to the strict government policies and regulations on alcoholic beverages. Moreover, the increasing deaths due to cancer mainly caused because of alcohol consumption is further anticipated to propel the growth of the alcohol free spirits market in the region in the coming years.
The country section of the alcohol free spirits market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alcohol Free Spirits Market Share Analysis
The alcohol free spirits market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alcohol free spirits market.
The major players covered in the alcohol free spirits market report are Diageo, Kin Social Tonics, Inc., CELTIC SOUL, Spiritless, Monday Distillery, FLUÈRE Non-Alcoholic Distilled Spirits, Arkaybeverages, Ritual Zero Proof, Lyre's Spirit Co U.S.A, Three Spirit Drinks Ltd., Caleño Drinks Ltd, Everleaf, Heineken, JUKES CORDIALITIES, Fortnum & Mason and Château De Fleur among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Alcohol Free Spirits Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market, and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.