PUBLISHER: The Business Research Company | PRODUCT CODE: 1657246
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657246
Non-alcoholic beer refers to a type of beer that contains little to no alcohol, typically with an alcohol by volume (ABV) of 0.5% or lower. This product is designed to offer the taste and experience of traditional beer while catering to individuals who avoid alcohol for health, religious, or personal reasons
The non-alcoholic beer market consists of sales by entities (organizations, sole traders and partnerships) of non-alcoholic beer that are consumed in various settings, including social gatherings, casual dining and personal relaxation. It serves as a substitute for alcoholic beverages, providing an alternative for those seeking to participate in the beer-drinking culture without consuming alcohol.
The global non-alcoholic beer market was valued at $14,578.15 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 8.00%.
The strong growth in the historic period can be attributed to strong economic growth, rising awareness of diseases caused due to alcoholic beverages, favorable government support and rising health consciousness.
During the historic period, the rising disposable incomes drove the non-alcoholic beer market. As people have more disposable income, they were better able to afford premium or specialty products, including non-alcoholic beers that were once considered niche or more expensive than their alcoholic counterparts. This allowed for greater market penetration, especially in regions where non-alcoholic options were previously limited or priced too high for the average consumer. For instance, disposable personal income in India increased to 272,995,370 INR million ($3,283,241.61 million) in 2022, from 238,573,760 INR million ($2,869,262.20 million) in 2021. Moreover, according to the Australian Bureau of Statistics, an Australia-based government agency, disposable personal income in Australia increased to 387,822 AUD million ($260,703.67 million) in the fourth quarter of 2023, from 369,000 AUD million ($250,008.57 million) in the fourth quarter of 2022. Therefore, the rising disposable incomes drove the non-alcoholic beer market.
Non-Alcoholic Beer For Dogs Innovating The Pet Beverage Market
Major companies in the non-alcoholic beer market are increasingly innovating with unique product offerings, such as non-alcoholic beer for dogs. The non-alcoholic beer for dogs caters to pet owners seeking a safe, alcohol-free beverage for their pets. By diversifying their portfolio, companies aim to capture new consumer segments and differentiate themselves in a competitive market. For instance, in April 2024, Crafty Beasts Brewing, a Canada-based company that specializes in crafting unique beverages, including a non-alcoholic beer for dogs, launched "Catch," a non-alcoholic beer specifically designed for dogs. Made from all-natural ingredients like bone broth, fruits, vegetables and proteins sourced from food waste, this innovative product aims to provide a healthy treat for canines while promoting environmental sustainability. Inspired by a dog bar in Croatia, co-owner Cindy James recognized the growing trend of pet owners treating their dogs like family, leading to the creation of this unique beverage. The beer is being distributed across Canada in partnership with Craft Coast Canning and is available at dog-friendly venues such as breweries and patios.
The global non-alcoholic beer market is fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 9.37% of the total market in 2023.
Non-Alcoholic Beer Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global non-alcoholic beer market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for non-alcoholic beer? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The non-alcoholic beer market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider non-alcoholic beer market; and compares it with other markets.