Bizizz Market Research has recently published a research report, “Non-alcoholic Malt Beverages Market By Product Type (Carbonated and soda drinks, and Dairy-based), flavor (Classic/ Natural and Apple), Packaging (Cans accounted and Liquid cartons), Distribution channel (Hypermarkets/ Supermarkets and Online sales), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Non-alcoholic Malt Beverages Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 37.2 Bn by 2027, witnessing a CAGR of 4 % during the forecast period. Key drivers of the market are ( 2 Key drivers).
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.
The Non-alcoholic Malt Beverages market is anticipated to register a CAGR of over 4% during the forecast period.
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By Product, Carbonated segment held a key share in Global Non-alcoholic Malt Beverages Market in 2018.
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 is Anticipated to Dominate the Global Non-alcoholic Malt Beverages Market during the Forecast Period
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.
Global Non-alcoholic Malt Beverages market was highly fragmented among the number of local and global players. 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.
Prominent players operating in the Global Non-alcoholic Malt Beverages 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., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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