b'COOPERS ANNUAL REPORT 2023Non-alcoholic BeerThe overall market for non-alcoholic beer continues to grow, re ecting stronger consumer demand as well as increased supply from domestic and overseas producers.Coopers Ultra Light and German beer Holsten 0.0%, a Carlsberg brand which is distributed in Australia under licence by Coopers, continued to compete strongly with an increasing number of brands for coveted supermarket shelf space.This has resulted in a highly competitive and crowded marketplace for this popular category, presenting a challenge for Coopers.Despite this increased competition, the Coopers non-alcoholic portfolio held up well, declining only 1.8% over the 12 months to June 30. The outlook for the sector remains positive, with some distribution territory regained in the second half of the year.35'