In 2020, the middle-income group consisted about 5.8 billion population. The population of middle-income groups has witnessed an upsurge, owing to economic growth as a result of increase in disposable incomes and decline in poverty levels. Strong global concerns about the pandemic have positively influenced the global non-alcoholic spirits industry as pandemic shifted consumers focus on healthy food & beverage alternatives During the pandemic manufacturers were focused on creating innovative products to meet the increasing consumer shift towards non-alcoholic spirits. The COVID pandemic resulted in positive impact on the global non-alcoholic spirits market. In the midst of the spread of Covid-19 pandemic the interest for product having low and no-alcohol content increased abruptly, because of the health-related concerns across the globe. Alcohol free-spirits contains active ingredients that are designed to mimic the positive effects of alcohol. They are a perfect solution for those who wants a mixed drink minus the side effects of alcohol. The herbal aroma provides a lasting aftertaste.
They are sweeter, fruitier, and balanced with strong and bitter flavors.
The global non-alcoholic spirits market size was valued at $281.1 million in 2021, and is projected to reach $642.4 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.Īlcohol free-spirits made from a mixture of spices, herbs, and fruits. Non-alcoholic Spirits Market Research, 2031
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