Pune, Maharashtra -- (SBWIRE) -- 01/16/2024 -- According to HTF Market Intelligence, the Global Non-Alcoholic Spirit market to witness a CAGR of 8.7% during the forecast period (2024-2030). The Latest Released Non-Alcoholic Spirit Market Research assesses the future growth potential of the Non-Alcoholic Spirit market and provides information and useful statistics on market structure and size.

This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Non-Alcoholic Spirit market. The Non-Alcoholic Spirit market size is estimated to increase by USD 361.3 Million at a CAGR of 8.7% from 2024 to 2030. The report includes historic market data from 2024 to 2030. The market value is pegged at USD 281.1 Million.

The Major Players Covered in this Report: ArKay Beverages LTD. (United Kingdom), Ecology & Co. (United States), FLUÈRE (United States), la martiniquaise (France), Ritual Zero Proof (United States), Salcombe Distilling Co (United Kingdom), Diageo plc (United Kingdom), Everleaf Drinks (United Kingdom), Spiritless Inc (United States), Spirits of Virtue (United Kingdom), Rheinland Distillers GmbH (Germany), Pernod Ricard (France), Bacardi Limited (Bermuda), Aplós (United States), Lyre's Spirit Co (Australia), Drink Monday (United Kingdom), ALTD SPIRITS (United Kingdom), Caleño (United Kingdom), Escape Mocktails (United Kingdom), Elegantly Spirited LTD. (United Kingdom), Others

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Definition:
The non-alcoholic spirit market is a rapidly growing segment of the beverage industry that caters to consumers who want the taste and experience of traditional alcoholic spirits without the alcohol content. This market has gained traction in recent years due to changing consumer preferences, including a desire for healthier lifestyles, increased awareness of the negative effects of alcohol, and a growing trend towards mindful drinking.

Market Trends:
Growing demand for non-alcoholic spirits in bars and restaurants
Increasing popularity of non-alcoholic cocktails

Market Drivers:
Increasing popularity of the sober curious movement
Growing demand for healthy and wellness products

Market Opportunities:
Growing demand for non-alcoholic spirits in emerging markets
Increasing adoption of non-alcoholic spirits by millennials and Gen Z consumers

Market Challenges:
Educating consumers about the benefits and taste of non-alcoholic spirits
Competing with the alcoholic spirits market

Market Restraints:
Higher cost of non-alcoholic spirits compared to alcoholic spirits
Limited availability of non-alcoholic spirits in some markets

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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of Non-Alcoholic Spirit market segments by Types: Whiskey, Rum, Vodka, Tequila, Others

Detailed analysis of Non-Alcoholic Spirit market segments by Applications: Food Service, Food Retail

Major Key Players of the Market: ArKay Beverages LTD. (United Kingdom), Ecology & Co. (United States), FLUÈRE (United States), la martiniquaise (France), Ritual Zero Proof (United States), Salcombe Distilling Co (United Kingdom), Diageo plc (United Kingdom), Everleaf Drinks (United Kingdom), Spiritless Inc (United States), Spirits of Virtue (United Kingdom), Rheinland Distillers GmbH (Germany), Pernod Ricard (France), Bacardi Limited (Bermuda), Aplós (United States), Lyre's Spirit Co (Australia), Drink Monday (United Kingdom), ALTD SPIRITS (United Kingdom), Caleño (United Kingdom), Escape Mocktails (United Kingdom), Elegantly Spirited LTD. (United Kingdom), Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:
-To carefully analyse and forecast the size of the Non-Alcoholic Spirit market by value and volume.
-To estimate the market shares of major segments of the Non-Alcoholic Spirit market.
-To showcase the development of the Non-Alcoholic Spirit market in different parts of the world.
-To analyse and study micro-markets in terms of their contributions to the Non-Alcoholic Spirit market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Non-Alcoholic Spirit market.
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Non-Alcoholic Spirit market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Global Non-Alcoholic Spirit Market Breakdown by Application (Food Service, Food Retail) by Type (Whiskey, Rum, Vodka, Tequila, Others) by Category (Conventional, Organic) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Key takeaways from the Non-Alcoholic Spirit market report:
– Detailed consideration of Non-Alcoholic Spirit market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Non-Alcoholic Spirit market-leading players.
– Non-Alcoholic Spirit market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Non-Alcoholic Spirit market for forthcoming years.

Major questions answered:
- What are influencing factors driving the demand for Non-Alcoholic Spirit near future?
- What is the impact analysis of various factors in the Global Non-Alcoholic Spirit market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Non-Alcoholic Spirit market for long-term investment?

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Major highlights from Table of Contents:

Non-Alcoholic Spirit Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Non-Alcoholic Spirit market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Non-Alcoholic Spirit Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Non-Alcoholic Spirit Market Production by Region
- Non-Alcoholic Spirit Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Non-Alcoholic Spirit Market Report:
- Non-Alcoholic Spirit Overview, Definition and Classification Market drivers and barriers
- Non-Alcoholic Spirit Market Competition by Manufacturers
- Non-Alcoholic Spirit Capacity, Production, Revenue (Value) by Region (2024-2030)
- Non-Alcoholic Spirit Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Non-Alcoholic Spirit Production, Revenue (Value), Price Trend by Type {Whiskey, Rum, Vodka, Tequila, Others}
- Non-Alcoholic Spirit Market Analysis by Application {Food Service, Food Retail}
- Non-Alcoholic Spirit Manufacturers Profiles/Analysis
- Non-Alcoholic Spirit Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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