Global Non Alcoholic Craft Mocktails Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Exploring the attributes of alcoholic artisan mocktails reveals their emphasis on premium ingredients sourced from nature and distinctive flavor combinations that steer clear of preservatives and synthetic additives commonly present in traditional non alcoholic drinks. These beverages offer a captivating and refined option for individuals who opt out of alcohol consumption yet desire the essence of savorful cocktails. Significantly versatile applications can be observed in establishments like bars and restaurants as well as at various events and notably within households considering the surge, in DIY cocktail crafting during recent periods of lockdowns.
Market Key Insights
- The Non Alcoholic Craft Mocktails market is projected to grow from $8.3 billion in 2024 to $17.3 billion in 2034. This represents a CAGR of 7.6%, reflecting rising demand across Event Catering, Premium Soft drink market and Wellness Cafes and Health-Conscious Restaurants.
- Seedlip Drinks and Mocktail Club and Monday Distillery operate as major market leaders which determine the competitive dynamics of this industry.
- U.S. and UK are the top markets within the Non Alcoholic Craft Mocktails market and are expected to observe the growth CAGR of 4.9% to 7.3% between 2024 and 2030.
- Emerging markets including Brazil, UAE and South Africa are expected to observe highest growth with CAGR ranging between 8.7% to 10.5%.
- Transition like Transition 1 The Health-Conscious Shift will drive $1.2 billion in additional growth for the Non Alcoholic Craft Mocktails market through 2030.
- The Non Alcoholic Craft Mocktails market is set to add $9.0 billion between 2024 and 2034, with manufacturer targeting Herbs & Spices Ingredients projected to gain a larger market share.
- With The health conscious consumer, and Social acceptability, Non Alcoholic Craft Mocktails market to expand 108% between 2024 and 2034.
Opportunities in the Non Alcoholic Craft Mocktails
Working together with businesses in niche markets or related industries through partnerships or collaborations can be a smart strategy, for companies that specialize in non alcoholic craft mocktails.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: The Health Conscious Consumer, and Technological Innovations
Craft mocktails without alcohol are also gaining popularity due, to the rise of the sober curious trend where individuals opt for no alcohol consumption to enhance their health and well being. Making non alcoholic craft mocktails available ensures that those who prefer not only to drink alcohol at gatherings can also still feel included and cater for their choice without feeling isolated from others.
Restraint: High Production Costs
Opportunity: Technological Innovations and Focus on Health-Conscious Consumers
The increasing interest in staying healthy has created a demand for non alcoholic craft mocktails among consumers who value wellness in their food choices now more than ever before. Thus making calorie, nutrient rich and organic mocktails can capture the attention of this expanding market segment. Craft mocktails without alcohol but with health enhancing ingredients such as turmeric, ginger and antioxidants can meet the needs of these health customers and serve as a key area, for growth.
Challenge: Limited Awareness
Supply Chain Landscape
Monin
Torani
Real Ingredients
Seedlip
Three Spirit
Lyre's
Sobeys Inc.
Walmart
Whole Foods Market
Bars & Restaurants
Supermarkets
Online Retail
Monin
Torani
Real Ingredients
Seedlip
Three Spirit
Lyre's
Sobeys Inc.
Walmart
Whole Foods Market
Bars & Restaurants
Supermarkets
Online Retail