Variety in alcoholic drinks is evolving at a rapid pace as the tastes of alcohol consumers are diversifying, with users having different needs and flavor profiles that they require out of their beverage. Market reports associated with the food, beverages & nutrition sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is projected to develop at a rapid CAGR in the forecast period while grossing high revenue levels in the duration of the forecast period.
The rising trend for dieting is creating a specific segment for gluten free alcoholic drinks. The need to consume alcoholic drinks despite being on a diet is one of the key reasons that is driving the development of the market. The development of independent breweries and the emphasis placed by established manufacturers on the production of the gluten free drinks is increasing the growth pace of the market. Moreover, the rise in the number of individuals with celiac disease is also expected to contribute significantly in the duration of the forecast period.
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Major Key Players Analysis:
The market attractiveness and competitors’ dynamics are noticeably improved by the strategies that are being utilized by market players. The market is considerably buoyed by the developments that are occurring in the market. The critical success factors in the market are easily achieved in the market leading to an elevated pace of development in the forecast period. The increased level of emphasis on the variety of products is increasing the number of customers in the market substantially. The successful integration of supply chain management is steadily increasing the development of the market. The innovation in products and services of the markets will alter the course of development of the market substantially. The long run viability of the market is highly dependent on the techniques and the strategic roadmaps that are engaged by market players.
The significant players being studied in the market for Gluten Free Alcoholic Drinks comprise of Bombay Sapphire East, Hendricks, Titos, Casamigos, Cabo Wabo, Don Julio, Capt. Morgans and Cuervo Gold to name a few.
Jul 2018 AB Inbev is in the process of launching a gluten free variant of Stella Artois so as to cater to Brits that suffer from coeliac disease. The company stated that it had collaborated with specialists to remove the gluten through the usage of a specific protein, without changing the unique taste. Coeliac UK which is the UK charity for people that need to live gluten-free have certified the new Stella Artois beer as being safe to consume for people with gluten allergy.
The segmentation of the market is carried out on the basis of type, source, and region. The segmentation based on type comprises of gluten free hard cider, gluten free wine, gluten free beer, gluten free rum, gluten free wine coolers, gluten free whiskey, gluten free spirits, gluten free gin, gluten free sake, gluten free tequila, gluten free vodka, and others. The segmentation of the market based in source comprises of sorghum, buckwheat, rice, fruits, agave cactus, potatoes, corn, sugar cane, and others. The regions encompassed in the market consist of Europe, Asia Pacific, North America, and Rest of the World.
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Detailed Regional Analysis:
The regional analysis of the market for gluten free alcoholic drinks comprises of regions such as Europe, Asia Pacific, North America, and Rest of the World. The North American region controls the market for gluten free alcoholic drinks with the chief market share in terms of production followed by the European region. The region in North America is expected to display unprecedented growth due to an increase in demand for gluten free drinks, increased product awareness and diversifying tastes. The Asia Pacific region fastest growing market for gluten free alcoholic drinks market and is anticipated to expand at an attractive CAGR in the duration of the forecast period.
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