Low-Alcohol Beverages

Low-Alcohol Beverages

Global Low-Alcohol Beverages Market to Reach 33.4 Billion Liters by 2027

In the changed post COVID-19 business landscape, the global market for Low-Alcohol Beverages estimated at 28.5 Billion Liters in the year 2020, is projected to reach a revised size of 33.4 Billion Liters by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027. Beer, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach 16.7 Billion Liters by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wine segment is readjusted to a revised 2.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 7.7 Billion Liters, While China is Forecast to Grow at 3.7% CAGR

The Low-Alcohol Beverages market in the U.S. is estimated at 7.7 Billion Liters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 6.2 Billion Liters by the year 2027 trailing a CAGR of 3.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 4.1 Billion Liters by the year 2027.

RTD Segment to Record 1.9% CAGR

In the global RTD segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.1 Billion Liters in the year 2020 will reach a projected size of 2.4 Billion Liters by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 1.9% CAGR through the analysis period.

Select Competitors (Total 69 Featured) -

• A. Le Coq (Estonia)
• Abita Brewing Company
• Aftershock Brewing Co.
• Anheuser-Busch InBev SA/NV
• Asahi Premium Beverages Pty., Ltd.
• Bacardi Ltd.
• Bell's Brewery, Inc.
• Blake's Hard Cider Co.
• Blue Moon Brewing Company
• Carlsberg Breweries A/S
• CODY's Drinks International GmbH
• Constellation Brands, Inc.
• Farmageddon Brewery
• Hartwall Ltd.
• Heineken NV
• HP Bulmer Limited
• Jack's Hard Cider
• LAKEFRONT BREWERY, INC.
• New Belgium Brewing Company
• New Planet Beer
• Red Truck Beer Company
• Sierra Nevada Brewing Co.
• The Smirnoff
• Vitis Industries (Papua New Guinea)
• ZiegenBock Brewing Company

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