The Non-alcoholic Malt Beverages market is poised for remarkable growth, with its size expected to soar from US$ 32.7 billion in 2023 to a projected US$ 62.7 billion by 2033, reflecting an impressive Value CAGR of 6.7%. This surge is driven by rising consumer awareness of health-conscious choices, leading to a heightened demand for non-alcoholic alternatives that offer both flavor and nutritional benefits. The market’s evolution is a testament to the shifting preferences of consumers, creating significant opportunities for businesses to tap into this growing segment.
The increased demand for non-alcoholic beverages among millennials has resulted in an increase in their consumption. As a result of the gradual development in party culture and acceptance of non-alcoholic malt beverages, the sector has grown dramatically in recent years.
Peer pressure among students and adults, as well as social media impact, are also influencing customers to consume these non-alcoholic beverages in order to sample new drinks with different flavours and tastes, such as dairy-based replacements and carbonated sodas.
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Additionally, the working population’s improved purchasing power has persuaded them to convert to premium brands, which is anticipated to drive the expansion of the non-alcoholic malt beverage market during the course of 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
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.
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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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