Fact.MR’s’ most recent industry report on the non-alcoholic wine market. In 2021, forecasts sales of more than US$ 1.6 billion. By 2031, this market is predicted to grow at a CAGR of 10.4 percent, reaching a valuation of US$ 4.5 billion.
Fact.MR’s non-alcoholic wine market research includes key findings such as current and speculative production capacity, capacity utilisation rates of each manufacturer, recent and speculative pricing, price optimization strategy across the value chain, and an economic evaluation of non-alcoholic wine production.
Market Segments Covered in Non-Alcoholic Wine Industry Research
By Product Type
- Still Non-Alcoholic Wine
- Sparkling Non-Alcoholic Wine
By Alcohol Concentration
- Alcohol-free (0.0% ABV)
- Low-alcohol (Up to 1.2% ABV)
- Non-Alcoholic Wine Bottles
- Non-Alcoholic Wine Cans
By Sales Channel
- Non-Alcoholic Wine Sold at Liquor Stores
- Non-Alcoholic Wine Sold at Restaurants & Bars
- Non-Alcoholic Wine Sold through Online Stores
- Non-Alcoholic Wine Sold at Supermarkets
- Non-Alcoholic Wine Sold at Travel Retails
- Non-Alcoholic Wine Sold at Tasting Rooms
The market is quite competitive, with various non-alcoholic wine makers vying for a major part of the market. Between 2016 and 2020, the global market for non-alcoholic wines saw multiple mergers and acquisitions as well as new product releases, and this trend is projected to continue due to growing consumer interest in low-alcohol and no-alcohol wines.
In 2021, HUN Wines debuted HUN Alcohol Free (AF), a non-alcoholic canned wine made from South African Chenin Blanc, in the UK region. It has a 0.5 percent alcohol by volume (ABV) and is vegan-friendly.
In 2021, E. & J. Gallo Winery, based in the United States, will purchase more than 30 wine brands from Constellation Brands, Inc.
The team at Fact.MR has kept track of similar recent developments involving companies that offer non-alcoholic wine, which are detailed in the complete study.
Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=4532