(I-BusinessNews.Com, July 07, 2021 ) Millennials are preferring non-alcoholic beers due to healthy lifestyles and other reasons. Non-alcoholic beers are those that contain little or no alcohol. With the outbreak of the COVID-19 pandemic, consumers are adopting healthy eating habits which are increasing the adoption of alcohol-free beer as a healthy lifestyle choice. For instance, a survey conducted by Heineken on 2000 Americans aged 21-39 showed that the millennials are preferring non-alcoholic beer in 2020. According to the survey, 43% of the respondents tried alcohol free beer after the start of COVID-19 pandemic while 61% of respondents said that they had alcohol free beer during the COVID-19 pandemic to cut down their alcohol consumption.
The beer market consists of sales of beer, ale, malt liquors and nonalcoholic beer by entities (organizations, sole traders and partnerships) that produce beer, ale, malt liquors and nonalcoholic beer. The companies in the nonalcoholic beverages industry process raw materials into nonalcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments.
The global beer market is expected to grow from $189.87 billion in 2020 to $216.81 billion in 2021 at a compound annual growth rate (CAGR) of 14.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $281.2 billion in 2025 at a CAGR of 7%.
Beer Market - By Type (Ales, Lagers, Stouts & Porters, Malts), By Distribution Channel (Off-Trade Channels, On-Trade Channels), By Packaging (Canned, Bottle, Draught), By Category (Mass, Premium) And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, beer market segments and geographies, beer market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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