Europe to Hold Second Largest Market Share for Non-alcoholic Malt Beverages. China and India to dominate the APAC Non-alcoholic Malt Beverages Market
DUBAI, United Arab Emirates, Oct. 12, 2022 (GLOBE NEWSWIRE) — The global non-alcoholic malt beverages market is set to witness growth at a CAGR of 4.1% over the forecast period (2022-2032) and top a valuation of USD 48.9 Bn by 2032.
The rising demand for non-alcoholic beverages can be attributed to its growing consumption among millennials. A gradual increase in the party culture and gradual adoption of non-alcoholic malt beverages has been noticed over the past few years, which has contributed well to the market growth.
Alongside, peer pressure among students and adults and the influence of social media are convincing the consumers to consume these non-alcoholic drinks to experiment with new drinks with different flavours and tastes, such as dairy-based alternatives and carbonated sodas.
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The latest trend of partying at clubs, bars, cafes and pubs in developing economies like India and China, owing to attractive pay packages and changing lifestyles, is likely to result in surging demand for non-alcoholic malt beverages in the coming years.
Furthermore, the increased spending capacity of the working population has convinced them to switch to premium brands which are expected to fuel the non-alcoholic malt beverages market growth over the forecast period (2022-2032).
Key Takeaways from Market Study
North America is expected to dominate the global market by accounting for the maximum market value share of about 30% by 2022 end
Rising partying culture in different regions across the globe is predicted to result in surging demand during the assessment period (2022-2032)
By type, dairy-based alternatives are expected to experience high growth over the forecast period (2022-2032)
Higher income groups and the working population has an increased spending capacity which is likely to increase the demand for premium brands of non-alcoholic malt beverages in the near future
Indirect channel is expected to account for a higher market value share than direct channel by 2032 end
“Hectic lifestyle of consumers has tipped the scale in favour of convenient product sales. As an increasing number of consumers look for innovative products that would help them unwind from their stressful lives, the demand for non-alcoholic beverages is expected to rise in the coming decade”, says a Future Market Insights analyst.
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Competitive Landscape
Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global non-alcoholic malt beverages market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on type (dairy-based beverages and carbonated and soda drinks), flavour (citrus, berry, pomegranate, classic/ natural, apple, peach, mixed fruit, coffee/cocoa, and others (vanilla, tea, etc.)), packaging (bottles, cans, and liquid cartons), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
Global Non-alcoholic Malt Beverages by Category
By Type, Global Non-alcoholic Malt Beverages is segmented as:
Dairy-based Beverages
Carbonated and Soda Drinks
By Flavor, Global Non-alcoholic Malt Beverages is segmented as:
Citrus
Berry
Pomegranate
Classic/ Natural
Apple
Peach
Mixed Fruit
Coffee/Cocoa
Others (vanilla, tea, etc.)
By Packaging, Global Non-alcoholic Malt Beverages is segmented as:
Bottles
Cans
Liquid Cartons
By Distribution Channel, Global Non-alcoholic Malt Beverages is segmented as:
Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Convenience Stores
Discount Stores
Independent Retailers
Online Retailers
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Toc Continue…
Explore FMI’s Extensive ongoing Coverage on Food and Beverage Industry
Functional Beverages Market Size– The functional beverages market is projected to record a CAGR of 6% from 2022 to 2032.
Fusion Beverages Market Share– The global fusion beverage market size is estimated to be USD 6.6 Bn in the year 2022 that is expected to grow at a CAGR of 6.0% to reach USD 11.5 Bn by the year 2032.
Specialty Malt Market Analysis– The specialty malt market was worth USD 2,800 Mn in the year 2021 and is expected to grow at a CAGR of 3.6% from the year 2021 to 2032, reaching a market value of about USD 3988 Mn.
Mannitol Market Value- As per FMI, mannitol sales are expected to surge at 6.8% CAGR over the course of the assessment period. Overall growth forecast for the market will remain positive through 2031.
Beet Pulp Market Forecast – The growing demand for plant-based products and increasing popularity of special diet needs are fuelling the demand for beet pulp market globally.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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