Beverages having little or no amount of alcohol in it are named as low alcohol beverages. Low alcoholic products may have fewer calories than regular strength alcohol drinks and could help decrease calorie intake as part of a healthy diet. The increasing demand for alcohol from emerging countries such as China and India with a huge population base and high disposable income will drive the volume sales of the global alcoholic drinks market during the forecast period. The analysts forecast the worldwide low-alcohol beverages market to grow at a CAGR of 9 .17% during the amount 2019-2028

Top Driver: improving living standards of consumers, coupled with the high spending capacity of consumers

The Low & No Alcohol Beverages industry are anticipated to witness a notable CAGR over the forecast period owing to increasing concerns regarding obesity and health awareness. Changing shift in consumption pattern towards healthier drink alternatives across the globe is also projected to fuel the low & no alcohol beverages market over the forecast period. Also, improving living standards of consumers, coupled with the high spending capacity of consumers, are some of the factors that are expected to drive the market for Low & No Alcohol Beverages. Shifted industry focus to lower and non-alcoholic beverages may have a positive effect in helping achieve public health gains in reducing alcohol consumption. Growing trend in the drinks industry is the emergence and growth of complex and interesting non-alcoholic drinks. The category largely includes beers, lagers, stouts, Still and Sparkling Wine and even some mixed spirits.

Low-alcohol beer to Make Crucial Contribution to Growth of Global Market

Among product segments of the global low alcohol beverage market, Low- alcohol beer is anticipated to gain highest shares and show significant growth in future. This owes to the surge in the preference towards the consumption of better alternatives for the beer beverages and the growth in the awareness of the health due to the fat induced over the belly due to the beer is anticipated to help the industry gain lucrative growth in the forecast period. Low-alcohol wine is also anticipated to attain highest growth rate, owing to the surge in the demand for the alcohol free wines by the majority of the population, which would help boost the industry in the next few years.

Rising Product Launches to Benefit North America Market

North American countries such as the US are predicted to maximize their spending on AI and cognitive intelligence technologies in future. This could prepare a strong foundation for the developed region to secure a leading position in the global cognitive computing market. The strong presence of AI and cognitive scientists and research institutes could be another factor strengthening the growth of the regional cognitive computing market.

Players to Focus on Low alcohol beverages Market

Global Low Alcohol Beverages market reports cover prominent players like

• Molson Coors Beverage Company,
• Noki & Co.,
• Pierre Chavin,
• Seedlip Limited,
• Small Beer Brew Co. Ltd,
• Curious Elixirs,
• Spy Valley Wines,
• Stryyk,
• Portobello Road Gin,
• Peter’s Brewery,
• Partake Brewing,

The Drivers drinks company, Xachoh Ltd., Genius Brewing,  Beavertown Brewery, Caleño Drinks,  Sence Hard Seltzer.  Hella Cocktail Co., Whyte & Mackay, Lyre’s Spirit Co, ISH SPIRITS, Spirit of Bermondsey,  Kererū Brewing Company Limited,  Nirvana Brewery,  ERDINGER Weißbräu, Anheuser-Busch InBev, Asahi Breweries, Ltd., Beam Suntory, Inc., Big Drop Brewing Co. Ltd., Three Spirit Drinks Ltd,  Carlton & United Breweries, Chr. Hansen Holding A/S, Floreat Wines, Athletic Brewing Company, Gnista Spirits, Kirin Holdings Company, Limited., Lowlander Beer Co., Hoplark HopTea, Lagunitas Brewing Company, Mocktail Beverages, Inc., and other prominent players.

Scope of the Report

 By Product

• Low-alcohol beer
• Low-alcohol wine
• Low-alcohol spirits

By End-User

• Liquor Stores
• Convenience Stores
• Supermarkets
• Online Stores

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report 

1. It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.