Non-Alcoholic Wine Market Is Expected To Balloon At A CAGR 10.4% To Top A Valuation Of Us$ 4.5 Bn By The Year 2031

As per a latest study by Fact.MR – a market research and competitive intelligence provider, the global non-alcoholic wine market is projected to surge at a CAGR of 10.4% and top a valuation of US$ 4.5 Bn by 2031.

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Until recently, alcohol intake was thought to be a binary choice between drinking alcohol or drinking water. However, the global beverage industry has witnessed the emergence of a new population looking for a reasonable balance. The phrase ‘sober curious’ first appeared in Ruby Warrington’s book of the same name in 2018. The sober curious population uses alcohol to unwind after a stressful week, but consumers are concerned about the influence of alcohol on mental health, which has led to mindful drinking.

A study of 10,000 young people conducted at the University College London discovered that non-drinking is becoming more accepted, while binge drinking is becoming less mainstream. Researchers also discovered that 29% of 16-24-year-olds were non-drinkers in 2016, while binge drinking rates declined from 27% to 8% during the same period. However, the sober curious trend is not limited to a single generation. According to studies, older generations are also attempting to minimize their alcohol consumption. The trend is likely to gain traction as a result of growing health concerns, both, physical and mental, associated with alcohol intake.

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With mindful drinking becoming popular, global beverage manufacturers are looking into alternatives, and several others have emerged to create alcohol-free beverages that would fit in with a trendy cocktail menu. For instance, it is expected that non-alcoholic wine manufacturers claiming to be environmentally friendly will proliferate over the coming years.

Key Takeaways from Market Study

• The U.S. is estimated to account for more than 83% of the North American market, supported by growing number of mindful drinkers in the country.
• China is estimated to account for 47.6% of the East Asian market share, driven by a strong supply chain.
• Italy is one of the potential markets in Europe, accounting for 15.2% of the value share, owing to high consumption wine and wine products.
• Still wine is anticipated to hold nearly 73% of the market share, but sparkling wine is expected to witness higher growth at a CAGR of 11.1% over the 2021 to 2031 forecast period.
• The alcohol-free wine market reflects around 78.3% of the market share, owing to its health benefits, and is estimated to surge at 11.3% CAGR.

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Market Segments Covered in Non-Alcoholic Wine Industry Research

• By Product Type

  • Still Non-Alcoholic Wine
  • Sparkling Non-Alcoholic Wine

• By Alcohol Concentration

  • Alcohol-free (0.0% ABV)
  • Low-alcohol (Up to 1.2% ABV)

• By Packaging

  • Non-Alcoholic Wine Bottles
  • Non-Alcoholic Wine Cans

• By Sales Channel

  • Non-Alcoholic Wine Sold at Liquor Stores
  • Non-Alcoholic Wine Sold at Restaurants & Bars
  • Non-Alcoholic Wine Sold through Online Stores
  • Non-Alcoholic Wine Sold at Supermarkets
  • Non-Alcoholic Wine Sold at Travel Retails
  • Non-Alcoholic Wine Sold at Tasting Rooms

Key Country-wise Inclusions

• US Non-Alcoholic Wine Market
  • Canada Non-Alcoholic Wine Market Sale
  • Germany Non-Alcoholic Wine Market Production
  • UK Non-Alcoholic Wine Market Industry
  • France Non-Alcoholic Wine Market
  • Spain Non-Alcoholic Wine Market Supply-Demand
  • Italy Non-Alcoholic Wine Market Outlook
  • Russia & CIS Market Analysis
  • China Non-Alcoholic Wine Market Intelligence
  • India Non-Alcoholic Wine Market Demand Assessment
  • Japan Non-Alcoholic Wine Market Supply Assessment
  • ASEAN Non-Alcoholic Wine Market Scenario
  • Brazil Non-Alcoholic Wine Market Sales Analysis
  • Mexico Non-Alcoholic Wine Market Sales Intelligence

After reading the Non-Alcoholic Wine Market report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
• Analyze key regions holding significant share of the total Non-Alcoholic Wine Market revenue.
• Study the growth outlook of the global Non-Alcoholic Wine Market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use on the Non-Alcoholic Wine Market growth.
• Investigate the recent R&D projects performed by each Non-Alcoholic Wine Market player.

The Non-Alcoholic Wine Market report answers important questions which include:

• What does the status of the Non-Alcoholic Wine Market look?

• Non-Alcoholic Wine Market look like after the forecast period?
• Which region has the highest contribution to Non-Alcoholic Wine Market Devices  why?
• Which players remain at the top of the Non-Alcoholic Wine Market look?
• What opportunities are available for the Non-Alcoholic Wine Market players to expand their production footprint?
• Which segment has the maximum impact on Non-Alcoholic Wine Market?

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