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Global Non-Alcoholic Malt Beverages Market Has Evaluated US$ XX In 2019 And It Is Anticipated To Exhibit A CAGR Of 4.1% To Reach Market Value Of US$ 39.34 Bn By 2028
The malted beverages are fermented juices. In this fermented juice, the main element is the grain or cereal of the barley plant. The cereals are developed after that they are dehydrated and heated for the processing in order to make a dry powder of it. This dry powder that is collected is identified as the malt and it is rich in fibers, minerals, vitamins, protein, and many other nutritional benefits.
Rising Popularity of Flavored Drinks amongst consumers is driving the demand for Non-alcoholic Malt Beverages across the globe
The important determinant that is stimulating the malt beverages market is the rising demand for flavored drinks amongst the customers has inflated the necessity for flavored drinks. This, in turn, has improved the market for malt beverages all over the world. When equaled with alcoholic beverages the malt beverages are not detrimental therefore can be devoured reliably. The escalating consciousness amongst customers about being fit is another constituent that is expanding the non-alcoholic malt beverages market. In the beverage business, the application of malt has progressed considerably; it is employed in various flavored goods thus propelling the prolongation of the non-alcoholic malt beverages market. Other factors that assist to augment the expansion of the market are the application of the organic malt in the production of the flavored liquors and the extensive accessibility of the non-alcoholic malt beverages in the market.
Growing manufacturing and the necessity for food constituents has substantially assisted the market’s extension over developing countries. For instance, the food business in China is prognosticated to grow exponentially, generating expansion opportunities for the non-alcoholic malt beverages market. While the non-alcoholic malt beverages market is regarded as a niche market, specialists haven’t disappointed to notify high-volume contributions of the market. A non-alcoholic malt beverage comprises a considerably lower volume of calories than carbonated beverages, which is assisting their rapid infiltration into developing markets. Manufacturers usually concentrate on persons who avoid drinking alcohol. This eventually boosts the non-alcoholic malt beverage market.
Accelerated urbanization has had an important influence on customer preferences. At a time when customers are progressively spurred by predominating inclinations, non-alcoholic malt beverages business is anticipated to pick up. Despite this, mounting health awareness among customers is destined to promote businesses of non-alcoholic beer and other drinks. Additionally, the requirement for readymade food is surging in reply to the frenetic lifestyle of people throughout the globe. This is an essential constituent that is anticipated to propel the non-alcoholic malt beverages market. In addition to this, customers are amenable to spend more on products that support them to have raised living standards. This as per specialists is one of the fundamental motives for the escalating demand of non-alcoholic malt beverages.
Nonetheless, the global non-alcoholic malt beverages market might not do fine in some aspects. For example, as the beverages do not comprise alcohol, a customer base might not favor them where the request for alcohol is more. Further, the prevalence of these beverages was concerned due to their prominence by reviews like "serving yellow fizzy water” in restaurants and bars.
Carbonated and soda drinks segment is anticipated to exhibit rapid growth during the Forecast Period
According to the product type, the global non-alcoholic malt beverages market is separated into Carbonated and soda drinks and Dairy-based. The carbonated and soda drinks subdivision will remain prevailing because of the rising demand, growing popularity in the consumers. Furthermore, depending on the flavor, the market is classified into the classic/natural flavor and apple flavor. Classic/ Natural flavor estimated for the most prominent market portion, whereas the requisition for apple-flavored beverages is rising significantly.
Asia Pacific Region to Dominate the Global Non-Alcoholic Beverages Market During the Forecast Period
Geographically the global non-alcoholic malt beverages market is observing uniform progress in various regions all over the world. With respect to the geological standpoint, the Asia Pacific region influences the market by estimating for uppermost profits stakes. This is mostly a result of a resilient reception and acceptance prevailing in these regions, as well as a huge desire for healthy drinks.
The North American region is as well estimated to capture the global non-alcoholic malt beverages market. This is because the manufacturing of malt beverages augmented theatrically succeeding their proscription of malt beverages in the initial nineties in the North American region.
Many companies are focusing on organic growth strategies such as product endorsements, and product launches and others for instance events and patents. Inorganic growth strategies adopted in the market were alliances and takeovers. These actions have concreted the route for the advancement of industry and consumer base of market players. The preeminent organizations from the non-alcoholic malt beverages market are estimated to have advantageous growth probabilities in the future with the rising demand for the non-alcoholic malt beverages market in the global market.
Some of the leading companies in the market are Coors Brewing Company Malt Beverages, Nestle SA, Ceres Brewery Malt Beverages, Guinness Nigeria Malt Beverages, Moussy, Anheuser-Busch Malt Beverages, Fayrouz, Bavaria Brewery Malt Beverages, Suntory International Co., and Asahi Breweries Malt Beverages.
Global Non-alcoholic Malt Beverages Market Segmentation
Global Non-alcoholic Malt Beverages Market by Product
- Carbonated and soda drinks
Global Non-alcoholic Malt Beverages Market by flavor
- Classic/ Natural
Global Non-alcoholic Malt Beverages Market by Packaging
- Cans accounted
- Liquid cartons
Global Non-alcoholic Malt Beverages Market by Distribution channel
- Hypermarkets/ Supermarkets
- Online sales
Global Non-alcoholic Malt Beverages Market by Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America