Market Research Future (MRFR) has published a research report on the “Global Non-Alcoholic Spirits Market” that contains information from 2019 to 2032. The Non-Alcoholic Spirits Market is estimated to register a CAGR of 8.90% during the forecast period of 2019 to 2032.
MRFR recognizes the following companies as the key players in the global Non-Alcoholic Spirits Market— Spiritless Inc., Rheinland Distillers GmbH, ArKay Beverages LTD., Pernod Ricard, Ritual Zero Proof, Everleaf Drinks, Spirits of Virtue, Caleño, Ecology & Co., Bacardi Limited, Escape Mocktails, FLUÈRE, Aplós, Drink Monday, la martiniquaise, Diageo plc., Lyre's Spirit Co, Elegantly Spirited LTD., Salcombe Distilling Co, ALTD SPIRITS.
Non-Alcoholic Spirits Market Highlights
The global Non-Alcoholic Spirits Market is accounted to register a CAGR of 8.90% during the forecast period and is estimated to reach USD 0.67 billion by 2032.
One of the Non-Alcoholic Spirits Market's drivers is rising customer demand for healthier, more conscious drinking options. As people become more health-conscious and try to limit their alcohol usage, the market for non-alcoholic spirits has increased. However, there is a notion in the market that non-alcoholic spirits do not provide the same taste or experience as their alcoholic equivalents. Overcoming this impression and educating consumers about the quality and variety of non-alcoholic spirits provides a potential for market expansion. Furthermore, a major problem is the necessity for continual innovation and product development to create non-alcoholic spirits that can accurately replicate the flavors and nuances of traditional alcoholic spirits while yet giving a fulfilling and delightful drinking experience.
Segment Analysis
The global Non-Alcoholic Spirits Market has been segmented based on product type, category and distribution channel.
The market is segmented by product type into Whiskey, Rum, Vodka, Tequila and Others. In 2023, the whisky category accounted for the greatest share of the non-alcoholic spirit market. Whiskey alternatives are becoming more popular as people seek healthier alternatives to alcoholic beverages.
On the basis of category, the market is segmented into conventional and organic. The conventional segment dominated the global market in 2023. Non-alcoholic spirits made with conventional ingredients cost less than organic spirits. Conventional substances are readily available.
Based on the distribution channel, the global Non-Alcoholic Spirits Market has been segmented into Food Service and Food Retail. The food retail segment will hold the biggest market share in 2023. The food retail industry is further divided into store-based and non-store-based. The availability and visibility of in-stock products drive consumers' preference for store-based channels.
Regional Analysis
The global Non-Alcoholic Spirits Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Non-Alcoholic Spirits Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Non-Alcoholic Spirits Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Non-Alcoholic Spirits Market comprises the Middle East, Africa, and Latin America.
The North America Non-Alcoholic Spirits industry will take the lead in this industry. North America's non-alcoholic spirits sector has expanded significantly in recent years due to rising demand for health-conscious and alcohol-free beverages. Consumers in North America, notably in the United States, are becoming more interested in non-alcoholic spirits as part of a larger movement toward wellness, mindfulness, and alcohol moderation. Many non-alcoholic spirits companies have formed in the region, offering a wide range of alternatives and tastes to satisfy the needs of health-conscious consumers.
Moreover, Europe is another important market for non-alcoholic spirits manufacturers, with countries such as the United Kingdom, Germany, and Sweden exhibiting a strong preference for alcohol-free alternatives. Consumers in Europe are progressively embracing healthier lifestyles, and there is a rising awareness of the dangers of excessive alcohol intake. Non-alcoholic spirits have grown in popularity as a result of this trend, with customers looking for healthier drinking options without compromising taste or experience.
Additionally, the market for non-alcoholic spirits in Asia-Pacific is also increasing. Demand for non-alcoholic spirits in the APAC area varies by nation due to differences in consumer tastes, cultural norms, and regulatory settings. Japan has a well-developed market for non-alcoholic beverages, including spirits. In recent years, there has been a growing trend toward healthier and more thoughtful drinking, which has resulted in higher demand for non-alcoholic spirits, propelling the non-alcoholic spirits industry forward. Japanese customers are known for their enjoyment of distinctive flavors and high-quality products, and non-alcoholic spirits infused with intriguing botanicals and flavors are gaining popularity in the country.
Furthermore, the rest of the world's Non-Alcoholic Spirits Market is divided into the Middle East, Africa, and Latin America. Consumers in these regions are becoming more health conscious, which is driving up demand for non-alcoholic beverages. Cultural and religious considerations also have a role, as certain regions have severe alcohol-related restrictions or cultural standards. This creates a need for non-alcoholic spirits that can deliver a similar sensory experience without the use of alcohol. These factors have provided a favorable climate for the Non-Alcoholic Spirits Market to expand significantly across the Middle East, Africa, and Latin America.
Key Findings of the Study
- The global Non-Alcoholic Spirits Market is expected to reach USD 0.67 billion by 2032, at a CAGR of 8.90% during the forecast period.
- The Asia-Pacific non-alcoholic spirits market is growing at the fastest CAGR. Demand for non-alcoholic spirits in the APAC area varies by nation due to differences in consumer tastes, cultural norms, and regulatory settings. There has been a growing trend toward healthier and more thoughtful drinking, which has resulted in higher demand for non-alcoholic spirits, propelling the non-alcoholic spirits industry forward.
- Based on the distribution channel, the food retail segment held the biggest market share in 2023.
- Spiritless Inc., Rheinland Distillers GmbH, ArKay Beverages LTD., Pernod Ricard, Ritual Zero Proof, Everleaf Drinks, Spirits of Virtue, Caleño, Ecology & Co., Bacardi Limited, Escape Mocktails, FLUÈRE, Aplós, Drink Monday, la martiniquaise, Diageo plc., Lyre's Spirit Co, Elegantly Spirited LTD., Salcombe Distilling Co, and ALTD SPIRITS are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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