Non-alcoholic wine is a type of wine that has little or no alcohol content, usually less than 0.5% alcohol by volume (ABV). It is made using the same grapes and wine-making techniques as traditional wine, but with the alcohol removed or reduced through various methods. The global non-alcoholic wine market has been growing steadily in recent years, driven by the increasing demand for healthy and low-alcohol beverages. The global non-alcoholic wine market size was valued at USD 2.7 billion in 2020 and is expected to reach USD 4.2 billion by 2028, growing at a CAGR of 5.6% during the forecast period.
The growth of the non-alcoholic wine market can be attributed to several factors, including the increasing awareness about the harmful effects of alcohol consumption, the growing demand for healthier beverage options, and the rise of the sober-curious and non-drinking culture. Some of the key players in the non-alcoholic wine market include Ariel Vineyards, Sutter Home Fre, Carl Jung Winery, Natureo, and Élivo Zero Zero, among others. These companies offer a range of non-alcoholic wine products, including red, white, and sparkling wines, as well as various flavors and blends.
Overall, the non-alcoholic wine market is expected to continue to grow in the coming years, driven by the increasing demand for healthier and low-alcohol beverage options and the ongoing development of new and innovative non-alcoholic wine products.
Download Free Sample Copy of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=4532
Key findings of the Non-Alcoholic Wine market study:
Key Segments Covered in Non-Alcoholic Wine Industry Research
· By Product :
· By Alcohol Concentration :
· By Packaging :
· By Sales Channel :
· By Region :
Competitive Landscape
The Non-Alcoholic Wine industry is dominated by some prominent players including
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Non-Alcoholic Wine market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Non-Alcoholic Wine brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
Written By
The projected valuation of the trauma care centres market is estimated to reach USD 28.58 billion by the year 2032, reflecting a compound annual growth rate (CAGR) of 7.50% during the period from 2022 to 2032. Furthermore, it is anticipated that the market value of trauma care centres will amount to USD 13.87 billion in 2022. The Trauma Care Centers market is a critical component of the healthc...
Automated label Inspection Machines Market has been evolving and changing over the course of past few decades and the market scope has changed a lot over the course of time and to better understand the market’s current landscape this report on Automated label Ins...
As per industry analysis by Fact.MR, a market research and competitive intelligence provider, the global water enhancer market is estimated to exceed a valuation of US$ 2.9 Bn by 2022, and expand at a significant CAGR of 9.4% by value over the assessment period (...
The sleep mask industry is projected to rise at a moderate CAGR of 4% between 2019 and 2029. Rising concerns over diseases associated to sleep issues, and the resultant dependency on medication are the primary factors driving sales. Awareness about the importance...