The Low Alcohol Beverages Global Market Report 2023 by The Business Research Company, provides low alcohol beverages market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Low Alcohol Beverages Global Market Report 2023, the market size is expected to grow from $1.18 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global low alcohol beverages market size is expected to reach $1.56 billion in 2027 at a CAGR of 5.5%.
The increasing demand for a healthier lifestyle is expected to boost the growth of the low-alcohol beverages market going forward. The preference for a healthier lifestyle includes the intake of healthy beverages, which refers to a drink that is fit for consumption. Consumers believe that incorporating healthful fluids into daily life can help individuals become healthier, and low-alcohol beverages are often touted as having fewer calories and sugar than their full-alcohol substitutes, which can support a healthy lifestyle; therefore, the increasing demand for a healthier lifestyle is expected to boost the low-alcohol beverages market.
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The low alcohol beverages market is segmented:
1) By Type: Low Alcohol Beer, Low Alcohol Spirits, Low Alcohol Wine, Low-Alcohol RTD, Low Alcohol Ciders
2) By Distribution Channel: Store-Based, Non-Store Based
3) By Application: Supermarkets And Hypermarkets, Retailers
Product innovation is the key trend gaining popularity in the low-alcohol beverage market. Major companies operating in the low-alcohol beverage market are focusing on developing new products. For instance, in September 2022, Kaska, a Finland-based low-alcohol drinks company, launched Smål Boosted Gin. This product’s unique feature is that it is distilled with a high concentration of botanicals for low-alcohol usage. It is intended to be used in far lesser amounts than regular gin and comes in a 200-ml bottle. One tiny capful is the recommended serving size for one drink, and each bottle includes a tiny 10 ml measure made of 100% biodegradable Sulapac wood-based material. With this procedure, a single 200-mL bottle of Sml Boosted Gin may produce 20 gin and tonics while using only a little percentage of the alcohol (about 2%).
The low alcohol beverages market report table of contents includes:
1. Executive Summary
2. Low Alcohol Beverages Market Characteristics
3. Low Alcohol Beverages Market Trends And Strategies
4. Low Alcohol Beverages Market – Macro Economic Scenario
5. Low Alcohol Beverages Market Size And Growth
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26. Africa Low Alcohol Beverages Market
27. Low Alcohol Beverages Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low Alcohol Beverages Market
29. Low Alcohol Beverages Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Anheuser-Busch Companies LLC
- Constellation Brands Inc
- Heineken NV
- Carlsberg Breweries A/S
- Bacardi Limited
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