0
0
Read Time:3 Minute, 3 Second
Meticulous Research®, a prominent global market research firm, has published an insightful report titled “Non-alcoholic Wine Market—Global Opportunity Analysis and Industry Forecast (2024-2031).” This publication forecasts that the non-alcoholic wine market will reach an impressive $2.61 billion by 2031, growing at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.
Download Research Report Sample @ https://www.meticulousresearch.com/download-sample-report/cp_id=6014
The growth of the non-alcoholic wine market is primarily driven by shifting consumer preferences towards healthier options, an increasing demand for non-alcoholic wine among various religious and cultural groups, and ongoing innovations in product development. Additionally, the rising acceptance of non-alcoholic wines in social settings further propels market growth. Despite these positive trends, the market faces challenges, including the loss of flavor and aroma during the dealcoholization process and higher production costs relative to traditional wines.
Advancements in production techniques are opening up new opportunities for market players, particularly in the premium non-alcoholic wine segment. However, replicating the complex flavors and aromas characteristic of alcoholic wines remains a significant challenge. Furthermore, compliance with regulatory standards can also hinder market expansion.
Trends such as a growing emphasis on low-calorie and no-sugar options, along with the expansion of online retail channels, are becoming increasingly prominent in the non-alcoholic wine landscape. These trends indicate a clear consumer shift towards healthier and more accessible beverage choices.
Browse in depth @ https://www.meticulousresearch.com/product/non-alcoholic-wine-market-6014
The competitive landscape of the non-alcoholic wine market is moderately fragmented, featuring a mix of large and small players from global, regional, and local markets. Key companies in this space include Schloss Wachenheim AG (Germany), Sutter Home Fre (U.S.), Giesen Group Ltd (New Zealand), Domaines Pierre Chavin (France), Ariel Vineyards (U.S.), Torres Natureo (Spain), and several others.
The report segments the non-alcoholic wine market based on product type, source, technology, packaging, and distribution channel. Among the product categories analyzed, the still wine segment is projected to maintain its dominance, accounting for approximately 82.7% of the market in 2024. This preference is driven by consumer familiarity, a broad array of flavors, and the versatility of still wines for food pairings.
In terms of packaging, the bottle segment is expected to dominate as well, thanks to its effective preservation capabilities and premium perception. Bottled non-alcoholic wines allow brands to showcase their products attractively, enhancing consumer appeal.
The distribution landscape reveals that the off-trade segment will hold the largest share, with an estimated 61.1% in 2024. This dominance is attributed to the accessibility of supermarkets, liquor stores, and convenience stores, which provide a better shopping experience and a wider product selection.
Geographically, the report offers a comprehensive analysis of various regions, including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and others), Asia-Pacific (China, India, Japan, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and others).
Europe is expected to lead the market with a 48.5% share in 2024, valued at approximately $636.4 million. This strong market presence is bolstered by a high concentration of leading wine producers, ample raw material availability, a shift towards healthier lifestyles, a decline in alcohol consumption, and significant demand for non-alcoholic beverages. Overall, the non-alcoholic wine market is poised for substantial growth as it aligns with evolving consumer preferences and lifestyle choices.
Request Customization Report @ https://www.meticulousresearch.com/request-customization/cp_id=6014
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %