In addition, the wine segment is expected to witness a compound annual growth rate over 8% up to 2025. Higher demand was mostly witnessed across Europe and North America, owing to the beverage’s health benefits. Going by specific segments in the non-alcoholic spirits market, one may note that the beer segment accounted for more than 60% of the non-alcoholic wine and beer market share in 2018. For example, a majority of Iran’s population is aged less than 30 years, thus demonstrating high potential for growth of the non-alcoholic spirits market, per the Global Market Insights report. In addition, given the inclination of younger generations toward non-alcoholic beverages, countries with a younger customer base could support the industry’s development. In fact, Middle East accounts for almost a third of sales of alcohol-free beer around the world. Stringent regulations on alcohol consumption across many countries are quite instrumental in pushing their demand.įor example, restrictions on alcohol consumption in Islamic countries such as Iran, Egypt and Libya spurred demand for non-alcoholic wine and beer. The growth of this market is primarily being driven by an improving standard of living along with the growing awareness of health benefits that non-alcoholic beverages bring to the table.įactors Driving Consumption of Non-Alcoholic Spiritsĭiving deeper into the universe of non-alcoholic spirits, one may realize that the growing number of health-conscious consumers isn’t the only reason that demand for these products are increasing. Non-Alcoholic Spirits Market Promises Solid GrowthĪccording to a report by Global Market Insights, the non-alcoholic wine and beer market is expected to increase over $30 billion by 2025 from around $20 billion in 2018.
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