Published Date: 2019-06-21
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According to the Graphical Research new growth forecast report titled “Asia Pacific Non-Alcoholic Beer Market Size By Material (Malted Grains, Hops, Yeast, Enzymes), By Product (Alcohol Free, Low Alcohol), By Technology (Restricted Fermentation, Dealcoholization {Reverse Osmosis, Heat Treatment, Vacuum Distillation}), By Sales Stores (Liquor Stores, Convenience Stores, Supermarkets, Online Stores, Restaurants & Bar) Industry Analysis Report, Country Outlook (China, India, Japan, Australia, South Korea, Indonesia, Malaysia), 2018-2024”, estimated to exceed USD 7.5 billion by 2024.
Shifting consumer focus on healthy eating and drinking habits will propel the Asia Pacific non-alcoholic beer market growth. Increasing medical disorders caused due to excessive alcohol consumption particularly among pregnant women & geriatric population are among major factors supporting the industry demand.
Rising demand for low alcohol content in various alcoholic beverages regarding suitability for occasional & health concerned consumers will foster the growth for Asia Pacific non-alcoholic beer market. Less calorie content, appropriate diet suitability, and cultural traditions are the key factors propelling the market size.
Reverse osmosis process is among the key processes used for non-alcoholic beer production. Increasing demand for the dealcoholized beverages among pregnant female population worldwide is driving the alcohol-free drinks market. In addition, stringent regulations and policies pertaining to the alcohol consumption particularly in the countries with dominance of Islamic population will promote the RO technology adoption for producing non-alcoholic beer. Thus, upsurge in the RO technology applications will promote expansion for the Asia Pacific non-alcoholic beer market.
Restaurants play a major role in the surging non-alcoholic beer consumption. Shifting preference towards on-premise consumption including restaurants & bars will support the industry demand. Rapid success from restaurant business as compared to grocery stores is proliferating the product demand in Asia Pacific.
Beverages including beer are more prevalent among young population and adult women. Pregnant women are more prone to the adverse effects of drinks with fetal alcohol spectrum disorders being the largest known cause for intellectual disability in children. As per the American Journal of Pharmaceutical Education, over 6% deaths among the population aging 65 years and above are caused by strokes owing to excess alcohol consumption.
Consuming alcohol with certain drugs such as aspirins lead to significant gastrointestinal bleeding and other major problems. Rising awareness regarding the harmful effects of alcohol on health, surging sporty lifestyle prevalence in youth, and increasing self-image consciousness will propel the Asia Pacific non-alcoholic beer industry growth.
China accounted for the largest revenue size of over USD 900 million in 2017 owing to the rapid & improved adoption of alcohol-free beer products. Stringent government norms for drunk and driving in major countries include China, Japan, India, and South Korea will augment the Asia Pacific non-alcoholic beer market size. In addition, China has a large presence of domestic brewers and beverage manufacturing companies gaining market share owing to huge consumer base in the country. Furthermore, increasing focus of the brewers on the production of low alcohol content beverage owing to the large Muslim population in Malaysia and Indonesia will support the Asia Pacific non-alcoholic beer outlook during forecast time.
Key business competitors operational in Asia Pacific non-alcoholic beer market are Anheuser-Busch InBev, Arpanoosh, Behnoush Iran Company, Bernard Brewery, Big Drop Brewing Co, Carlsberg, Coors Brewing Company, Erdinger Weibbrau, Halewood Wines & Spirits, Heineken N.V, Kirin, Krombacher Brauerei, Moscow Brewery Company, Suntory Brewery Co., Ltd, and Weihenstephan. Notable industry players are adopting various strategies such as mergers, acquisitions, and new product launch to reap profits in Asia Pacific non-alcoholic beer market market. For instance, in August 2016, Heineken N.V. acquired a Carlsberg brewery in Vietnam. The acquisition provided the company to expand & strengthen its foothold in the South East Asia through Vietnam business.
Segments we cover:
Asia Pacific Non-Alcoholic Beer Market By Material
Asia Pacific Non-Alcoholic Beer Market By Product
Asia Pacific Non-Alcoholic Beer Market By Technology
Asia Pacific Non-Alcoholic Beer Market By Sales Stores
The above information is provided for the following region and countries:
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