The global non-alcoholic spirits market is looking pretty good! Experts predict some serious growth, with a hefty CAGR between 2016 and 2026. Why? Simpleeveryone wants non-alcoholic drinks! People are increasingly choosing healthier options over traditional booze, and that's fueling the market's rise over the next five years. Plus, the "no or low ABV" scene has exploded, and it's expected to keep getting bigger – which is a huge boost for non-alcoholic spirits. We're also seeing tons of new products hitting the shelves from different brands. To keep up with consumer demand, these brands are launching new non-alcoholic options and getting creative with marketing, like sharing cocktail recipes to make these spirits even more appealing. All of this points to continued growth for the market in the coming years.
Non-alcoholic spirits are the spirited drinks that contains no to 0.5% alcohol content in it. These non-alcoholic spirits are actively utilized by the consumers cautious toward health concerns regarding excessive consumption of alcoholic drinks. The spirits are also promoted by the market players along with the cocktail recipes that use these non-alcoholic spirits. The flavored drinks are much preferred by the consumers since they contain no alcohol but give the flavors of same.
So, the non-alcoholic spirits market is broken down by things like what kind of drink it is, where you buy it, and who's selling it. When it comes to the type of drink, you've got whisky, vodka, rum, gin, and a few others. Looks like non-alcoholic whiskey is going to be the big winner, mainly because there are tons of options from different brands. A lot of companies have jumped on the bandwagon, creating whiskey-flavored drinks with less than 0.5% alcohol – a popular choice! North America is the place to watch, especially the United States, where non-alcoholic whiskey is super popular. But don't count out gin! It's expected to grow a lot over the next five years, especially since it's great for making cocktails. Companies are even promoting their gin with cool and unique cocktail recipes, which should really help the non-alcoholic spirits market keep growing.
Holding the major shares of the global non-alcoholic spirits market are Diageo plc (Seedlip), Celtic Soul Drinks Limited, Spiritless LLC, Drink Monday Inc., Fluère Drinks B.V, ArKay Beverages Ltd., Ritual Beverage Company, Lyre's Spirit Co, Three Spirit Drinks Ltd, Berkshire Labels Ltd., among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through Nonalcoholic spirits. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global non-alcoholic spirits market from 2016 to 2019.
- To estimate and forecast the market size of global non-alcoholic spirits market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global non-alcoholic spirits market based on product type, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global non-alcoholic spirits market.
- To identify drivers and challenges for global non-alcoholic spirits market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global non-alcoholic spirits market.
- To identify and analyze the profile of leading players operating in global non-alcoholic spirits market.
- To identify key sustainable strategies adopted by market players in global non-alcoholic spirits market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the manufactures, distribution channels and presence of all major players across the country.
marketinsights Research calculated the market size of global non-alcoholic spirits market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. marketinsights Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by marketinsights Research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to non-alcoholic spirits
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope
In this report, global non-alcoholic spirits market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Non-Alcoholic Spirits Market, By Product Type
- Whisky
- Vodka
- Rum
- Gin
- Others
- Non-Alcoholic Spirits Market, By Distribution Channel
- Non-Alcoholic Spirits Market, By Region
- North America
- United States
- Mexico
- Canada
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- Russia
- Denmark
- Kazakhstan
- Ukraine
- Armenia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Singapore
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iraq
- Turkey
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
