Non-Alcoholic Wine Market Is Expected To Balloon At A CAGR 10.4% By The Year 2031

Food and beverages

As per a latest study by Fact.MR – a market research and competitive intelligence provider, the global non-alcoholic wine market is projected to surge at a CAGR of 10.4% and top a valuation of US$ 4.5 Bn by 2031.Until recently, alcohol intake was thought to be a binary choice between drinking alcohol or drinking water. However, the global beverage industry has witnessed the emergence of a new population looking for a reasonable balance. The phrase ‘sober curious’ first appeared in Ruby Warrington’s book of the same name in 2018. The sober curious population uses alcohol to unwind after a stressful week, but consumers are concerned about the influence of alcohol on mental health, which has led to mindful drinking. 

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4532

A study of 10,000 young people conducted at the University College London discovered that non-drinking is becoming more accepted, while binge drinking is becoming less mainstream. Researchers also discovered that 29% of 16-24-year-olds were non-drinkers in 2016, while binge drinking rates declined from 27% to 8% during the same period. However, the sober curious trend is not limited to a single generation. According to studies, older generations are also attempting to minimize their alcohol consumption. The trend is likely to gain traction as a result of growing health concerns, both, physical and mental, associated with alcohol intake.

Key Takeaways from Market Study

  • The U.S. is estimated to account for more than 83% of the North American market, supported by growing number of mindful drinkers in the country.
  • China is estimated to account for 47.6% of the East Asian market share, driven by a strong supply chain.
  • Italy is one of the potential markets in Europe, accounting for 15.2% of the value share, owing to high consumption wine and wine products.
  • Still wine is anticipated to hold nearly 73% of the market share, but sparkling wine is expected to witness higher growth at a CAGR of 11.1% over the 2021 to 2031 forecast period.
  • The alcohol-free wine market reflects around 78.3% of the market share, owing to its health benefits, and is estimated to surge at 11.3% CAGR.

“Introduction of a broad range of novel non-alcoholic wine products and increasing emphasis on health benefits associated with mindful drinking are estimated to boost market growth over the decade” said a lead analyst at Fact.MR.

Market Segments Covered in Non-Alcoholic Wine Industry Research

  • By Product Type

    • Still Non-Alcoholic Wine
    • Sparkling Non-Alcoholic Wine
  • By Alcohol Concentration

    • Alcohol-free (0.0% ABV)
    • Low-alcohol (Up to 1.2% ABV)
  • By Packaging

    • Non-Alcoholic Wine Bottles
    • Non-Alcoholic Wine Cans
  • By Sales Channel

    • Non-Alcoholic Wine Sold at Liquor Stores
    • Non-Alcoholic Wine Sold at Restaurants & Bars
    • Non-Alcoholic Wine Sold through Online Stores
    • Non-Alcoholic Wine Sold at Supermarkets
    • Non-Alcoholic Wine Sold at Travel Retails
    • Non-Alcoholic Wine Sold at Tasting Rooms

Competition Landscape:

The market is highly competitive with several producers of non-alcoholic wine products competing for a significant share in the market. The global market for non-alcoholic wines witnessed several merger and acquisition activities and new product launches during 2016-2020, and the trend is expected to continue owing to increasing consumer interest in low-alcohol and no-alcohol wine.

  • HUN Wines launched the non-alcoholic canned wine named HUN Alcohol Free (AF) in 2021 in the UK region which is made from South African Chenin Blanc. It has an ABV of 0.5% and is vegan-friendly.
  • US-based E. & J. Gallo Winery announced the acquisition of more than 30 wine brands from Constellation Brands, Inc. in 2021.

Similar recent developments related to companies offering non-alcoholic wine have been tracked by the team at Fact.MR, which are available in the full report.

Fact.MR has provided detailed information about the price points of non-alcoholic wine, manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in its recently published report.

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