Non Alcoholic Beer Gaining Traction on Back of Growing Popularity of New Flavors, Says Fact.MR from Margo Trobbie's blog
Award winning market research company Fact.MR has published
an exhaustive report on the Global
Non-Alcoholic Beer Market. According to the study, the market is poised
to expand at impressive annual growth levels in 2021 over 2020, attributed to a
shifting beverage consumption landscape. Growth prospects appear highly
optimistic for the next decade, registering a noteworthy CAGR through 2031.
The market has made substantial gains in the recent past,
with preference for alcohol and calorie free beverages aggrandizing across
prominent regions. Manufacturers have found massive revenue pools across the
U.S market, with Fact.MR projecting over a fifth of the total revenue
generation. Growth is underpinned by rising instances of excessive alcohol
consumption related deaths, with the Center
for Disease Control and Prevention (CDC) estimating the toll at 95,000
deaths annually, costing nearly US$ 250 billion to the economy.
Explore how Europe
region is performing for Non-Alcoholic Beer Market - https://www.factmr.com/connectus/sample?flag=S&rep_id=4473
Opportunities are aplenty across emerging economies, with
heightened purchasing power shifting the beverage demographics towards healthy
drinking. China represents a lucrative opportunity, with over one out of four
beers launched in 2016 consisting of low to no alcohol content. India is not
far behind, with over two-fifths of the young generation switching over to
non-alcoholic beer consumption. Hence, manufacturers are diverting their
resources and production capacities towards the Asia-Pacific region, anticipating
immense gains in the future.
"Vendors are increasingly experimenting with numerous
flavor combinations with the objective of catering to consumers' multisensory
experiences in order to acquire a wider share in the global landscape,
heightening growth prospects," remarks the Fact.MR analyst.
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Find More: https://www.prnob.com/release/show/non-alcoholic-beer-gaining/44556
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