Non-alcoholic beer market with segmentation, statistical forecast and competitive analysis report to 2025 (1)

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Non-Alcoholic Beer Market is estimated to surpass
USD 25 billion by 2024
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Key Insights from Non-Alcoholic Beer Market

• Non-Alcoholic Beer Market size is estimated to
  surpass USD 25 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.. Shifting customer preference toward
  alcohol-free beverages for a healthy lifestyle is
  a prominent factors propelling the non-alcoholic
  beer market. Alcohol consumption has been a
  social issue for decades in several countries
  owing to the strong presence of traditional
  culture and beliefs among large population.
  Rising consumer consciousness concerning health
  issues associated with high-level alcohol
  consumption tempting consumer towards alternative
  drinking options.
• Strong business outlook for alcohol free
  beverages in various Middle East countries
  including Qatar, UAE, Iran, Kuwait, and Egypt is
  expected propel industry development. As per
  Islamic principles, alcohol consumption is
  completely forbidden, and this pushes liquor
  producers to launch sober drinking products in
  the market. Thereby, these nations are offering
  new business opportunities for large companies to
  set up their manufacturing units and enhance
  product sales.

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Continued...

• Europe industry is anticipated to exceed more
  than USD 6 billion by 2024. Strong presence of
  major manufacturers along with expanding
  production capacities will create new avenues for
  regional industry growth. Increasing promotional
  and advertisement activities regarding health
  benefits have boosted product sales. The minimum
  age limit for product consumption in Finland is
  18, whereas in Denmark it is 16, as result
  companies likely to target younger population to
  generate high revenue. In addition, growing
  popularity among athletes sportspersons
  pertaining to its health benefits will stimulate
  product demand.
• Key industry participants are Erdinger Weibbrau,
  Kirin, Suntory, Carlsberg, Bernard Brewery, Coors
  Brewing Company and Drop Brewing Co. Other
  prominent participants include Arpanoosh,
  Heineken, Behnoush Iran, Anheuser-Busch InBev,
  Moscow Brewing Company, Weihenstephan and
  Krombacher Brauerei. Global market share is
  partially consolidated and highly competitive in
  nature owing to the large presence manufacturers
  and breweries. The industry is expected to
  witness new product development as players are
  likely to invest in mergers acquisitions to
  strengthen their global presence.

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North America Low Alcohol Beer Market, By Sales
Channel, 2016 2024, (Volume )

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