The global non-alcoholic wine and beer industry is growing at a rate never seen before, being driven by rapid technological development and innovations across the beverage sector, reports Food & Beverage Industry News. This market is expected to be worth a staggering $43,000,000,000 within five years.

Along with North American and Europe, industrialization and changing consumer lifestyle in the emerging economies of China, India, Thailand, Indonesia, Malaysia, and Brazil has stimulated the demand for the product.

Rapid improvisations in the brewery industry for alcohol content reduction including improved membrane-based technologies and vacuum distillation is enhancing the quality of the beverage. Moreover, rising demand for low alcohol content in various alcoholic beverages regarding suitability for occasional and health concerned consumers will foster the product portfolio expansion.

Developing economies such as Mexico, India, China, Brazil, and Indonesia will substantially impact the product development owing to a larger customer base coupled with increasing preferences for low and no alcohol beverages.

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