Zero Proof Spirit Market
Zero Proof Spirit Market Analysis by Gin, Rum, Whiskey, Tequila, and Vodka from 2023 to 2033
Analysis of Zero Proof Spirit Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Zero Proof Spirit Market Outlook (2023 to 2033)
Newly-released zero proof spirit market analysis report by Fact.MR reveals that global sales of the zero proof spirit market in 2022 were held at US$ 104.3 million. With 10% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 271 million by the end of the forecast period.
Zero proof whiskey is expected to generate significant revenue in the market, with a projected CAGR of around 9% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Zero Proof Spirit Market Size (2022) | US$ 104.3 Million |
| Global Zero Proof Spirit Market Size (2033) | US$ 271 Million |
| Global Zero Proof Spirit Market CAGR (2023 to 2033) | 10% |
| U.S. Zero Proof Spirit Market CAGR (2023 to 2033) | 7.8% |
| Key Companies Covered | Arkay Beverages Inc.; Ritual Zero Proof; Optimist Botanicals; Cut Above Spirits; Ghia; Strykk; Drink Monday; Ceder’s.; Rasasvada LLC.; Svami; Sober; Pentire Drinks |
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Revenue of Zero Proof Spirit Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of zero proof spirit market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 9.9% CAGR. With an absolute dollar opportunity of US$ 156.5 million, the market is projected to reach a valuation of US$ 271 million by 2033.
What are the Key Drivers Influencing the Market Expansion?
Zero-proof spirits are non-alcoholic beverages designed to mimic the taste, aroma, and texture of traditional alcoholic spirits, such as gin, whiskey, or rum, without containing any alcohol. These drinks are typically made by blending various botanicals, fruits, and other natural ingredients to create a complex and nuanced flavor profile that resembles that of alcoholic spirits.
In 2020, global non-alcoholic beverage sales were valued at around US$ 1.3 trillion, which is an increase from 2018 valued at around US$ 1.2 trillion. The non-alcoholic beverage includes carbonated soft drinks, fruit juices, sports drinks, energy drinks, and ready-to-drink tea and coffee, among others. Consumers are increasingly interested in healthier lifestyles and are seeking low or zero-alcohol alternatives. This is especially true among younger generations, who are more health-conscious than previous generations. The increasing demand for non-alcoholic beverages has been triggering market growth.
In October 2021, Ritual Zero Proof announced the launch of their liquor replacement by rolling out Gin, Whisky, and Tequila Spirit Alternatives at Whole Foods Market shops in the United States, which are also accessible on Amazon.
Non-alcoholic beverages require the use of raw ingredients such as nutritive and non-nutritive sweeteners, fruits, and water, among others. High fructose corn syrup is utilized in about 90% of all soft drinks as a nutritive sweetener. Cyclamate, aspartame, sucralose, and saccharin are non-nutritive sweeteners found in non-alcoholic beverages.
According to the International Diabetes Federation, in 2020, more than 463 million people were diagnosed with diabetes. According to the World Health Organization (WHO), type 2 diabetes affects 90% of people globally. Sugar consumption has decreased due to the increased risk of diabetes connected with the consumption of sugary foods and beverages. The growing diabetic population is boosting demand for low-sugar and sugar-free beverages, which is expected to create an opportunity for the zero-proof spirits market in the upcoming years.
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Region-Wise Analysis
Which Region is Projected to Offer Significant Growth in the Market?
North America is a prominent shareholder of the market with a market size of US$ 41.9 million in 2022. It is projected that the region will have a market worth US$ 89 million by 2033.
In 2020, the total volume of non-alcoholic beverages sold in Canada was 21.4 billion liters, valued at around US$ 22.52 million, an increase of 2.4% from 2019. A large number of Canadian consumers who were drinking alcoholic beverages have been shifting to non-alcoholic beverages, especially zero-proof spirits.
Country-Wise Analysis
United States Zero Proof Spirit Market Analysis :
The market in the United States is expected to grow to be worth US$ 89 million by 2033, with an absolute dollar growth of US$ 45 billion from 2023 to 2033. The market in the United States has grown at a CAGR of 8.4% from 2018 to 2022 and is expected to grow at a CAGR of 7.8% from the year 2023 to 2033.
In 2018, the production of zero proof spirits in the United States was around 200,000 liters. By 2020, the production had increased to around 700,000 liters in the United States. The beverage industry is constantly evolving, with companies always looking for new products to offer consumers. The rise of zero-proof spirits is a response to changing consumer demand and offers a new and innovative product category for companies to explore. The growing demand for the production and consumption of zero-proof spirits by consumers helps the growth of the market.
United Kingdom Zero Proof Spirit Market Analysis :
The market in the United Kingdom is expected to grow to be worth US$ 12.6 million by 2033, with an absolute dollar growth of US$ 6.8 million. The market in the country has grown at a CAGR of 8.7% from 2018 to 2022 and is expected to grow at a CAGR of 8.2% from 2023 to 2033.
In 2020, sales of non-alcoholic spirits in the United Kingdom grew by 35.8% compared to the previous year, reaching a total value of around US$ 24.20 million. The sales of non-alcoholic spirits in 2019 were around US$ 17.47 million. COVID-19 had a significant impact on the growth of the non-alcoholic spirits market, as more consumers looked out for healthier and low-alcohol beverage options while spending more time at home. Additionally, several companies in the United Kingdom have launched their own Zero Proof Spirit products in recent years. The growing demand for lower-alcohol and non-alcoholic beverages in the United Kingdom is expected to help the market grow in the upcoming years.
China Zero Proof Spirit Market Analysis :
In China, the market is expected to grow to be worth US$ 23.2 million with an absolute dollar growth of US$ 14.3 million. The market in China has grown at a CAGR of 11.5% from 2018 to 2022 and is expected to grow at a CAGR of 10% from 2023 to 2033.
In 2018, non-alcoholic beverage sales in China were valued at around US$ 190 million, with a CAGR of 6.8% during the forecast period. The non-alcoholic beverage market in China has been growing rapidly due to growing urbanization which has led to the consumer's growing interest in low or zero-alcohol alternatives.
South Korea Zero Proof Spirit Market Analysis :
The market in South Korea is expected to grow to be worth US$ 10.9 million by 2033, with an absolute dollar growth of US$ 6.5 million. The market in South Korea has grown at a CAGR of 10.7% from 2018 to 2022 and is expected to grow at a CAGR of 9.4% from 2023 to 2033.
In 2020, the total production volume of non-alcoholic beverages in South Korea was around 8.5 billion liters, an increase from the previous year 2018 of about 6.5 billion liters. Overall, the non-alcoholic beverage industry in South Korea is expected to continue to grow in the coming years, driven by changing consumer preferences towards alcoholic drinks consumption in favor of zero-proof spirits.
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Category-Wise Insights
Which Type of Zero Proof Spirit is Projected to Witness Significant Demand?
Zero proof whiskey is projected to witness significant demand with a CAGR of 9.7% from 2018 to 2022 and is expected to grow at a CAGR of 8.9% from 2023 to 2033.
Whiskey alternatives or non-alcoholic whiskey are designed to mimic the flavor and aroma of traditional whiskey without containing any alcohol. It is particularly popular among whiskey lovers who are looking to reduce their alcohol consumption for health and wellness reasons. The growth of the zero-proof whiskey market is also being driven by increasing innovation and product development, with a growing number of companies introducing new and unique offerings to the market.
Competitive Analysis
Key players in the market are Arkay Beverages Inc., Ritual Zero Proof, Optimist Botanicals, Cut Above Spirits, Ghia, Strykk, Drink Monday, Ceder’s., Rasasvada LLC., Svami, Sober, and Pentire Drinks.
A few of the recent developments in the market are :
- In September 2021, Diageo, the world's largest producer of spirits, announced the launch of a new alcohol-free spirit called "Lunya". The product is made with a blend of botanicals and is aimed at the growing number of consumers who are choosing to drink less alcohol.
- In May 2021, Arkay Beverages announced the launch of new alcohol-free vodka made from non-GMO corn. The vodka is part of the company's expanding line of non-alcoholic spirits, which includes whiskey, gin, and tequila alternatives.
- In January 2021, Arkay Beverages announced the opening of a new bottling plant in Mexico, which will allow the company to expand its production and distribution capabilities in North America.
Segmentation of the Zero Proof Spirit Market
-
By Type :
- Gin
- Rum
- Whiskey
- Tequila
- Vodka
-
By Packaging Type :
- Bottle
- Can
-
By Sales Channel :
- Online Sales
- Supermarkets/Hypermarkets
- Convenience Stores
- Restaurants & Bars
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 5.1. Gin
- 5.2. Rum
- 5.3. Whiskey
- 5.4. Tequila
- 5.5. Vodka
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type
- 6.1. Bottle
- 6.2. Can
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
- 7.1. Online Sales
- 7.2. Supermarkets/Hypermarkets
- 7.3. Convenience Stores
- 7.4. Restaurants & Bars
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. Asia Pacific
- 8.5. MEA
- 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
- 14. Key Countries Market Analysis
- 15. Market Structure Analysis
- 16. Competition Analysis
- 16.1. Arkay Beverages Inc.
- 16.2. Ritual Zero Proof
- 16.3. Optimist Botanicals
- 16.4. Cut Above Spirits
- 16.5. Ghia
- 16.6. Strykk
- 16.7. Drink Monday
- 16.8. Ceder’s
- 16.9. Rasasvada LLC.
- 16.10. Svami
- 16.11. Sober
- 16.12. Pentire Drinks
- 17. Assumptions & Acronyms Used
- 18. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 02: Global Market Volume (Litres) Forecast by Region, 2018 to 2033
Table 03: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 04: Global Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 05: Global Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 06: Global Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 07: Global Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 08: Global Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
Table 09: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Litres) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 12: North America Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 14: North America Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 16: North America Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Litres) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 20: Latin America Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 22: Latin America Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 24: Latin America Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Litres) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 28: Europe Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 30: Europe Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 32: Europe Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Litres) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 36: Asia Pacific Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 38: Asia Pacific Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 40: Asia Pacific Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Litres) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 44: MEA Market Volume (Litres) Forecast by Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 46: MEA Market Volume (Litres) Forecast by Packaging Type, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 48: MEA Market Volume (Litres) Forecast by Sales Channel, 2018 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 02: Global Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 03: Global Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 04: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 05: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 06: Global Market Volume (Litres) Analysis by Region, 2018 to 2033
Figure 07: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 08: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 09: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 10: Global Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 14: Global Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 18: Global Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 21: Global Market Attractiveness by Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Packaging Type, 2023 to 2033
Figure 23: Global Market Attractiveness by Sales Channel, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Litres) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 34: North America Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 38: North America Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 42: North America Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 45: North America Market Attractiveness by Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Packaging Type, 2023 to 2033
Figure 47: North America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Litres) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 58: Latin America Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 62: Latin America Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 66: Latin America Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Packaging Type, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Litres) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 82: Europe Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 86: Europe Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 90: Europe Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 93: Europe Market Attractiveness by Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Packaging Type, 2023 to 2033
Figure 95: Europe Market Attractiveness by Sales Channel, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Litres) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Packaging Type, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Sales Channel, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Litres) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 130: MEA Market Volume (Litres) Analysis by Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 134: MEA Market Volume (Litres) Analysis by Packaging Type, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 138: MEA Market Volume (Litres) Analysis by Sales Channel, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 141: MEA Market Attractiveness by Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Packaging Type, 2023 to 2033
Figure 143: MEA Market Attractiveness by Sales Channel, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 114.5 million in 2023.
What was the global market size for 2022?
The market was reported at US$ 104.3 million in 2022.
What valuation is the market estimated to reach by 2033?
The market is expected to reach a valuation of US$ 271 million by 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 9.9% over the last 4 years.
What is the projected market CAGR for Zero Proof Spirit from 2023 to 2033?
The market is projected to witness a CAGR of 9% from 2023 to 2033.
Which type of Zero Proof Spirit is expected to witness significant demand?
The market through zero-proof whiskey is projected to witness significant demand with an expected CAGR of 8.9% from 2023 to 2033.
What is the expected market size in the United States by 2033?
The market in the United States is projected to witness a market size of US$ 85 million and is expected to grow at a CAGR of 7.8% from 2023 to 2033.
Which are the key companies offering Zero Proof Spirit?
Key players in the market are Arkay Beverages Inc., Ritual Zero Proof, Optimist Botanicals, Cut Above Spirits, Ghia, Strykk, Drink Monday, Ceder’s., Rasasvada LLC., Svami, Sober, and Pentire Drinks.
Zero Proof Spirit Market