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Non-alcohol brands gain from booze ban


The global non-alcoholic wine and beer market was valued at $20bn (about R300bn) in 2018 and is anticipated to reach $30bn in 2025, according to the “Non-Alcoholic Wine and Beer Market” report published by Global Market Insights. But this is still far smaller than sales of alcoholic drinks, which reached $1.47-trillion in 2018 and are expected to increase to $1.75-trillion in 2024, according to Statista.com.
Owens said the growth of non-alcoholic brands in AB InBev’s global portfolio growth had doubled. The portfolio currently contributes 2% of the global business’s volumes.
AB InBev’s goal is to ensure that no- or lower-alcohol beer products represent at least 20% of the company’s global beer volume by the end of 2025. ....

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