Non-alcoholic Spirits Market Dynamics:
High demand for cocktails among millennial
The increasing demand for cocktails among millennials is expected to be a major factor in increasing the demand for non-alcoholic spirits, thereby driving the non-alcoholic spirits market growth. Consumers are becoming more health-conscious and seeking to reduce their alcohol intake. As a result, they opt for non-alcoholic cocktails that use non-alcoholic spirits as a base. Non-alcoholic spirits allow individuals to enjoy the flavors and complexity of cocktails without the alcohol content, providing a healthier alternative for those who are mindful of their alcohol consumption.
Cocktails are known for their versatility, with countless variations and flavor profiles available. Non-alcoholic spirits provide an opportunity for bartenders and mixologists to create a wide range of alcohol-free cocktails with different flavors, aromas, and textures. This versatility allows for creative and innovative cocktail options that cater to diverse consumer preferences and dietary restrictions. As a result, the demand for non-alcoholic spirits is expected to increase significantly.
Non-alcoholic Spirits Market Report Overview:
Maximize Market Research has issued papers to help clients understand the landscape of the Non-alcoholic Spirits Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Non-alcoholic Spirits Market Growth:
Non-alcoholic Spirits Market size was valued at USD 561.92 Million in 2023 and the total Non-alcoholic Spirits revenue is expected to grow at a CAGR of 4.35% from 2024 to 2030, reaching nearly USD 757.05 Million.
Non-alcoholic Spirits Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Non-alcoholic Spirits Market Segmentations:
by Type
Gin
Rum
Vodka
Tequila
Whiskey
Others
by Distribution Channel
Offline
Food Retails & Shops
Food Services
Restaurants and Bars
Online
by Category
Conventional
Organic
In terms of type, the global market for non-alcoholic spirits in 2023 was dominated by the Gin category, which had the most market share of 36%. Throughout the projection period, the segment is anticipated to expand at a CAGR of 4.25%. Popular non-alcoholic gins that mirror the aromatic characteristics of traditional gins have gained appeal. Gin is a popular alcoholic spirit recognised for its botanical flavours. Often made with botanicals like citrus, juniper, and coriander, these non-alcoholic gins have a well-known and unique flavour profile. Health and wellness concerns, the mindful drinking movement, taste and flavour profiles that resemble conventional gin, variety in cocktails, inclusivity for social events, and innovation in the beverage business are just a few of the reasons why non-alcoholic gin has become more and more popular.
Table of Content: Non-alcoholic Spirits Market :
Part 01: Executive Summary
Part 02: Scope of the Non-alcoholic Spirits Market Report
Part 03: Non-alcoholic Spirits Market Landscape
Part 04: Non-alcoholic Spirits Market Sizing
Part 05: Non-alcoholic Spirits Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Non-alcoholic Spirits Market Key Players:
1. Aplós
2. Curious Elixirs
3. Drink Monday
4. Ghia
5. Hiyo
6. Lyre’s Spirit Co.
7. Kin Euphorics
8. Parch
9. Proposition
10. Ritual Zero Proof
11. Seedlip
12. Athletic Brewing Co.
13. Coolberg
14. Outbound Brewing
15. Partake Brewing
16. Rightside Brewing
17. Surreal Brewing
18. Two Roots Brewing
19. WellBeing Brewing Company
20. Le Petit Béret
21. Monceau Co.
22. Surely
23. Thomson & Scott
Key questions answered in the Non-alcoholic Spirits Market are:
- What are the Non-alcoholic Spirits Market segments?
- Which Artichokes market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Artichokes market during the forecast period?
- Who are the top players in the Artichokes industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Artichokes market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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