The most recent intelligence report from Fact.MR projects continual revenue growth in the non-alcoholic beer market from 2021 to 2031, with a projected Compound Annual Growth Rate (CAGR) of 7%. By the conclusion of this forecast period, it’s anticipated to reach a valuation of US$ 14 billion. This expansion is primarily driven by the increasing preference for healthy drinking habits, notably among millennials.

Based on the historical performance of this market, non-alcoholic beer sales reached US$ 7 Bn, experiencing a steady CAGR of 5% from 2016 to 2020. Amidst the COVID-19 pandemic, prospects only seemed to loom larger, attributed to the drastic shift towards consumption of non-alcoholic and health boosting beverages.

The malted grain segment is anticipated to be the fastest-growing segment over the forecast period. Increasing awareness about the health benefits of non-alcoholic beer has surged the global demand in recent years. In 2021 Asia will likely govern a revenue share of nearly 25%. Within Asia, China and India currently represent the biggest markets growing at a 9% CAGR.

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SOURCE: Open PR / Fact.MR (Press Release)
PHOTO CREDIT: On File