From 2023 to 2033, the market for non-alcoholic wine is anticipated to grow at a CAGR of 10%. The non-alcoholic wine market is currently valued at US$ 2 billion and is anticipated to grow to US$ 5.2 billion by 2033.
Over the next ten years, it is expected that wine without alcohol consumption would increase at a CAGR of 11%. Overall, low-alcohol wine performs worse than alcohol-free wine products. Low performance of the traditional lower-alcohol wine market in high-volume regions was the main cause of the drop in demand for low-alcohol wine. Non-alcoholic wine is defined as wine with little or no alcohol.
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Upcoming market players are creating novel flavors and textures of non-alcoholic wine in response to evolving customer tastes and preferences. Emerging businesses are attempting to collaborate with reputable non-alcoholic wine producers to strengthen their position in the market.
- A variety of alcohol-free wines have been made available by Thomson & Scott, a start-up based in London, under the brand name Noughty. These drinks were created with health-conscious consumers in mind because they are low in sugar and sulfites and are vegan and halal-certified.
“Increasing Adoption of Premium Non-Alcoholic Wine in the U.S.”
The U.S. market for non-alcoholic wine is anticipated to rise at 9% CAGR during 2023-2033. Demand for non-alcoholic sparkling wine has increased significantly in the United States, owing to its effervescent texture, which resonates with the population’s taste for a fun beverage to commemorate special occasions. Increasing adoption of premium non-alcoholic wine and the presence of top producers of non-alcoholic wine products are driving market growth in the U.S.
Competitive Landscape:
Key non-alcoholic wine producers are introducing premium products due to increasing consumer interest in low-alcohol and no-alcohol wine. Leading companies are making significant investments in research and development to produce products of high quality, which could help grow the customer base.
For instance :
- In 2021, HUN Wines launched the non-alcoholic canned wine named HUN Alcohol Free which is made from South African Chenin Blanc. It is vegan-friendly.
Key Companies Profiled:
- Ariel Vineyards
- Pierre Chavin
- Neobulles
- Proteau
- Treasury Wine Estates
- Sutter Home Winery
- Navarro Vineyards and Winery
- Chateau Diana Winery
- Hill Street Beverage Company Inc.
- Thomson and Scott
- Schloss Wachenheim AG
Key Segments Covered in Non-Alcoholic Wine Industry Research:
· By Product :
- Still Non-Alcoholic Wine
- Sparkling Non-Alcoholic Wine
· By Alcohol Concentration :
- Alcohol-Free
- Low-Alcohol
· By Packaging :
- Bottles
- Cans
· By Sales Channel :
- Liquor Stores
- Restaurants & Bars
- Online Stores
- Supermarkets
- Tasting Rooms
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Non-Alcoholic Wine include:
- What is the key strategy deployed by large players to maximize Non-Alcoholic Wine growth?
- What are the main challenges faced by players in the Non-Alcoholic Wine Demand?
- With the advent of technological advancement, how will the Non-Alcoholic Wine landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Non-Alcoholic Wine size?
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