Non-Alcoholic Wine Demand is Estimated to Reach US$ 5.2 Billion by 2033

Non-Alcoholic Wine Demand is Estimated to Reach US$ 5.2 Billion by 2033

The estimated value of the global Non-Alcoholic Wine market in 2023 is US$ 9.58 billion, and it is expected to grow at a CAGR of 5.8% between 2023 and 2033. Thus, by 2033, it is anticipated that the market will be valued at US$16.84 billion.

In Non-Alcoholic Wine (NDT), materials, components, or assemblies are examined, evaluated, and analysed to find defects or changes in their qualities without doing any harm that would render the part or system useless. NDT techniques are used by a number of industries, including aerospace, defence, oil & gas, power generation, and automotive, to confirm the reliability and integrity of their products. These industries may determine crucial material properties, such as impact resistance, ductility, yield strength, ultimate tensile strength, by using NDT solutions.

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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

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
  • Australian Vintage Limited

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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Key Question answered in the survey of Alcohol-Free Wine market report:

  • Sales and Demand of Alcohol-Free Wine
  • Growth of Alcohol-Free Wine Market
  • Market Analysis of Alcohol-Free Wine
  • Market Insights of Alcohol-Free Wine
  • Key Drivers Impacting the Alcohol-Free Wine market
  • Which are the Key drivers impacted by Alcohol-Free Wine market
  • Restraints Shaping Market Growth
  • Market Survey of Alcohol-Free Wine

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