The aim of this study is to demonstrate the influence of production strains (bottom-fermenting Saccharomyces pastorianus and S. cerevisiae with disruption in the KGD2 gene), carrier materials (spent grains and corncobs), reactor arrangements (packed-bed and gas-lift reactors), and mixing regimes (ideally mixed and plug flow) on the formation of flavor-active compounds during alcohol-free beer production. In addition, the composition of alcohol-free beer produced on a laboratory scale was compared with those of commercial products. The results confirmed the influence of each component of the production system (yeast strain, reactor, and carrier) on flavor formation, but their individual importance was case specific. The results indicate that the interplay between the appropriate production strain, carrier material, and bioreactor design is very important in continuous immobilized cell reactors and that suitable combinations could be used to improve both system performance and product quality.