Global non-alcoholic spirits market is expected to show robust growth with an impressive CAGR in the forecast period, 2016-2026 on the account of surge in the demand for non-alcoholic drinks. Rising demand from the consumers for healthier alternative to alcoholic drinks is further driving the growth of the global non-alcoholic spirits market in the upcoming five years. Moreover, surging demand for no or low ABV sector has grown in the past years, and is anticipated to grow further, this factor is actively supporting the future growth of the global non-alcoholic spirits market in the next five years. Multiple market players have launched various product in the market. Following the increasing demand from the consumers, market players have launched various non-alcoholic spirits along with impressive marketing strategy of popularizing the spirits with cocktail recipes, thus also substantiating the growth of the global non-alcoholic spirits market in the future five 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.
The global non-alcoholic spirits market is segmented by product type, distribution channel, regional analysis and competitive landscape. Based on product type, the market is further fragmented into whisky, vodka, rum, gin, and others. Whiskey non-alcoholic spirits are anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of vast product line from various brands. Multiple market players have launched an extended line for non-alcoholic whiskey flavored spirits that usually contains less than 0.5% alcohol content and are first choice for the consumers. Fastest growing region, North America has largest population in the United States that prefer non-alcoholic spirits with whiskey flavor over other product types. Gin is anticipated to hold the significant growth in the revenue shares in the future five years. The growth in the sub-segment can be attributed to its application in various cocktail recipes. Various market players have strategized to market their products along with flavorful, preferred, and unique cocktail recipes, thus further supporting the future growth of the global non-alcoholic spirits market in the forecast years.
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
