Pune 21 April 2023: The report expects the Non-alcoholic Spirits Market to grow from USD 538.5 Mn in 2022 to USD 725.49 Mn by 2029 at a CAGR of 4.35 percent over the forecast period. The Non-alcoholic Spirits Market report is published by Maximize Market Research is available in the market.
Non-alcoholic Spirits Market Report Scope and Research Methodology
The report offers the Non-alcoholic Spirits market share and rival sector, as well as an analysis of the major vendors and leading regions. The Non-alcoholic Spirits report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. The report also provides the Non-alcoholic Spirits market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Non-alcoholic Spirits market size. The Non-alcoholic Spirits market revenue is determined by the primary and secondary data collection methods.
A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Non-alcoholic Spirits market. The segment-wise analysis is divided into Type and Distribution Channel. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the Non-alcoholic Spirits market, the entry date into the Non-alcoholic Spirits market, recent developments, and other details. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the Non-alcoholic Spirits market. The analysis identified key upcoming developments that are expected to influence Non-alcoholic Spirits market demand during the forecast period.
Non-alcoholic Spirits Market Dynamics
The consumers are more health conscious and exploring to reduce their intake of alcohol. Without content of alcohol, Non-alcoholic spirits allows people to enjoy the flavors of cocktails. To create a wide range of alcohol free cocktails with several flavors and aromas, the Non-alcoholic spirits provide an opportunity for bartenders and mixologists. As a result, increasing demand for cocktails among millennial drive the growth of the Non-alcoholic Spirits Market.
The market is driven by the changing lifestyle, increasing innovations in non-alcoholic spirits over traditional spirits growing consumer preference for healthy food and beverage products and rising needs to reduce alcohol intake. During the forecast period, the growth of the market is driven by the high production costs of the Non-alcoholic Spirits.
Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/184285
Non-alcoholic Spirits Market Regional Insights
In 2022, North America dominated the Non-alcoholic Spirits Market with the largest revenue share and is expected to grow at a CAGR of 4.55 percent, over the forecast period. The regional market is driven by the increasing demand from health-conscious and alcohol free options, expansion of the nonalcoholic beverages market and rising preference for the non-alcoholic whiskey among the consumers.
During the forecast period, Europe is expected to have the significant growth for the Non-alcoholic Spirits Market. The economic stability, high purchasing power, increasing consumer trends towards fortified beverages and significant presence of the Non-alcoholic Spirits manufacturers in the countries such as United Kingdom, Germany and Sweden are the growth contributors to the regional Spirits Market.
Non-alcoholic Spirits Market Segmentation
By Type
Gin
Rum
Vodka
Tequila
Whiskey
Others
By Distribution Channel
Offline
Food Retails & Shops
Food Services
Restaurants and Bars
Online
Non-alcoholic Spirits Market Key Players include
Aplós
Curious Elixirs
Drink Monday
Ghia
Hiyo
Lyre’s Spirit Co.
Kin Euphorics
Parch
Proposition
Ritual Zero Proof
Seedlip
Athletic Brewing Co.
Coolberg
Outbound Brewing
Partake Brewing
Rightside Brewing
Surreal Brewing
Two Roots Brewing
WellBeing Brewing Company
Le Petit Béret
Monceau Co.
Surely
Thomson & Scott
TÖST
Monday Distillery
Table of for Global Non-alcoholic Spirits Market:
Global Non-alcoholic Spirits Market: Research Methodology
Global Non-alcoholic Spirits Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Non-alcoholic Spirits Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Non-alcoholic Spirits Market Segmentation(2022-2029)
Global Market, by Type (2022-2029)
Global Market, by Distribution Channel (2022-2029)
Regional Global Non-alcoholic Spirits Market(2022-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Distribution Channel (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/184285
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis of the Type, Distribution Channel and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Key questions answered in the Non-alcoholic Spirits Market are:
What is Non-alcoholic Spirits?
What was the Non-alcoholic Spirits market size in 2022?
What is the expected Non-alcoholic Spirits market size by 2029?
What is the growth rate of the Non-alcoholic Spirits Market?
Which are the factors expected to drive the Non-alcoholic Spirits market growth?
What are the different segments of the Non-alcoholic Spirits Market?
What are the factors restraining the growth of the Non-alcoholic Spirits Market?
What is the demand pattern of the Non-alcoholic Spirits Market?
What are the major challenges that the Non-alcoholic Spirits Market could face in the future?
What segments are covered in the Non-alcoholic Spirits Market?
What are the upcoming industry applications and trends for the Non-alcoholic Spirits Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for Non-alcoholic Spirits Market?
Maximize Market Research Food & Beverages research firm, has also published the following reports:
Kvass Market: The market size is expected to reach USD 6.17 Bn by 2029 at a CAGR of 9.9 percent during the forecast period. The market is driven by increasing demand for flavored alcoholic and non-alcoholic beverages grows and consumption of functional beverages.
Premium Spirits Market: The market size is expected to reach USD 315.70 Bn by 2029 at a CAGR of 10.4 percent during the forecast period. The market is driven by the increasing demand for diverse and authentic high-end alcoholic beverages, premiumization across premium spirit products and innovative marketing campaigns by vendors.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/non-alcoholic-spirits-market/184285/