The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Alcohol-Free Wine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Alcohol-Free Wine Market across various industries and regions.
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Latest industry report on the non-alcoholic wine market by Fact.MR estimates sales to account for more than US$ 1.6 Bn in 2021. This market is expected to balloon at a CAGR 10.4% to top a valuation of US$ 4.5 Bn by the year 2031.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Alcohol-Free Wine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Alcohol-Free Wine
This newly published and insightful report sheds light on Market Insights of Alcohol-Free Wine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Alcohol-Free Wine Market.
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Market Segments Covered in Non-Alcoholic Wine Industry Research
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By Product Type
- Still Non-Alcoholic Wine
- Sparkling Non-Alcoholic Wine
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By Alcohol Concentration
- Alcohol-free (0.0% ABV)
- Low-alcohol (Up to 1.2% ABV)
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By Packaging
- Non-Alcoholic Wine Bottles
- Non-Alcoholic Wine Cans
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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 Takeaways of Non-Alcoholic Wine Market Study
- Europe leads the non-alcoholic wine market, holding shares more than 40% in 2018. The wine markets in Europe are well established with Italy and France having the highest per capita consumption of over 35 liters per person per year
- Although volume and value growth are modest in Europe, North America is anticipated to be the most important non-alcoholic wine market in the world with a growth rate of over 8%
- In 2018, the alcohol-free segment comprised more than 50% of the total share of the industry. Increasing adoption of these products as a form of sports drink has enhanced industry growth, especially among athletes
- Supermarkets represented more than 20% of the total beer market. With several innovative ways to boost consumer spending on non-alcoholic wines, supermarket chains are thriving on increasing sales
- The online stores segment is projected to grow at the highest growth rate of over 9% between 2019 and 2027. Inclination under the category of non-alcoholic wine to e-commerce and e-tailing is bringing about shifts in customer buying experience
“Over the past decade the market share of non-alcoholic wine has grown significantly with increasing preference for low liquor content drinks. The ever-growing trend towards health awareness and wellbeing is positioning non-alcoholic wine as one of the biggest product categories in beverages” says the Fact.MR analyst
Leading Wine Houses to Gain Robust Operating Margins
The global market for non-alcoholic wine is consolidated in nature with the existence of a few international companies and regional players operating globally. Some of the key players in the global non-alcoholic wine market are E & J Gallo Winery, Treasury Wine Estate, Castel Frères and McGuigan. Many alcohol manufacturers have moved their main focus from alcoholic beverages to low & non-alcoholic beverages to boost profitability margins due to zero tax policies on non-alcoholic beverages. Strategic alliances, new product releases, expansion of product portfolio and mergers & acquisitions are among the main strategies embraced by industry players to increase their share.
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