Non-Alcoholic Wine Market to Expand at 10% CAGR, Reaching $5.2 Billion by 2033

The global demand for non-alcoholic wine is predicted to grow at a 10% CAGR between 2023 and 2033. The global non-alcoholic wine market is currently valued at $2 billion and is expected to grow to $5.2 billion by 2033.

Increased demand for nonalcoholic wine in Middle Eastern nations like Kuwait and the UAE will drive market expansion. Athletes and pregnant women are the primary consumers of non-alcoholic wine. The health ramifications of consuming alcoholic beverages continue to influence consumers' attitudes.

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Non-alcoholic Wine Market: Key Takeaways

• Consumption of alcohol-free wine as sports drink is witnessing increasing adoption among athletes.
• Europe accounts for 40% share in global non-alcoholic wine market owing to well-established wine markets.
• North America will be a significant growth contributor of non-alcoholic wine market.
• Online stores continue to be preferred distribution channel for non-alcoholic wine.

List of Key Companies Profiled in The Report

• 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
• Others

Key Driving Factors

• Non-alcoholic wine continues to be a popular beverage category in light of rising health and wellbeing trends.
• High per capita consumption of consumers in developed countries is propelling the demand for non-alcoholic wine.
• Rise of e-tailing and ecommerce is contributing to the sales of non-alcoholic wine.
• Escalating investments in supermarket chains is projected to inflate the non-alcoholic wine sales.

Key Constraints
• Availability of other non-alcoholic beverages such as non-alcoholic beer is hampering the market growth.
• Consumers' apprehensions regarding the health benefits of non-alcoholic wine is a major roadblock to market growth.

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Competitive Landscape

Key players profiled in this Fact.MR study include, but are not limited to, Castel Frères, E & J Gallo Winery, McGuigan, and Treasury Wine Estate. Leading wine houses are diversifying their product portfolio by launching non-alcoholic beverages. This move continues to boost their profitability margins throughout the forecast period.

Key Segments Covered in Non-Alcoholic Wine Industry Research

• By Product :
o Still Non-Alcoholic Wine
o Sparkling Non-Alcoholic Wine

• By Alcohol Concentration :
o Alcohol-Free
o Low-Alcohol

• By Packaging :
o Bottles
o Cans

• By Sales Channel :
o Liquor Stores
o Restaurants & Bars
o Online Stores
o Supermarkets
o Tasting Rooms

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

The non-alcoholic wine market represents a dynamic and evolving segment within the beverage industry. From its comprehensive overview to insights, growth drivers, opportunities, trends, and notable developments, this article aims to provide a holistic understanding of the non-alcoholic wine market. As consumer preferences continue to shift towards healthier and alcohol-free alternatives, businesses within this sector have the opportunity to tap into a growing market and shape the future of non-alcoholic wine consumption.

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This release was published on openPR.