DUBLIN--(BUSINESS WIRE)--Dec 20, 2022--

The “Canned Alcoholic Beverages Market Size, Share & Trends Analysis Report by Product (Wine, RTD Cocktails, Hard Seltzers), by Distribution Channel (On-Trade, Liquor Stores, Online), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global canned alcoholic beverages market is expected to reach USD 59.37 billion by 2030 and is anticipated to expand at a CAGR of 21.9% from 2022 to 2030

Canned alcoholic beverages are gaining popularity among consumers since cans are more convenient, portable, and travel-friendly. Moreover, these metal cans are less expensive as compared to glass bottles and have a considerably higher recycling rate than glass.

Hard seltzers held the largest revenue share in 2021 and are expected to maintain dominance during the forecast period. Hard seltzers are carbonated water-based drinks, which are usually infused with fruits and spirits.

These have become quite popular among millennials due to their low alcohol content. Low prices of hard seltzer and easy availability across supermarkets and convenience stores are factors anticipated to boost their sales in the upcoming years.

The wine segment is anticipated to register a high CAGR during the forecast period. The rising consumer awareness for eco-friendlier alternatives to glass and plastic bottles in tandem with the growing preference for convenient & travel-friendly products is driving the market demand for canned wine. Moreover, canned wines are more durable, portable, and come with easy packaging than glass bottles.

The liquor stores segment contributed a majority of the share to become the largest division in the global revenue in 2021. These stores have been a widespread and well-established distribution channel for canned alcoholic beverages. The wide availability of both premium and private label brands at these stores attract consumers to purchase products through these channels.

Canned Alcoholic Beverages Market Report Highlights

• Asia Pacific is expected to witness the fastest CAGR of 29.2% from 2022 to 2030. The major factor driving the regional growth is the presence of young consumers and rapidly growing economies
• The hard seltzers segment is projected to register the fastest CAGR of 22.6% from 2022 to 2030. The rising awareness among consumers for eco-friendlier alternatives to plastic bottles coupled with the growing taste for convenient products is propelling the demand for canned hard seltzers
• The online segment is expected to register the fastest CAGR of 22.7% from 2022 to 2030. The hassle-free shopping experience offered by various online platforms is expected to drive the growth of the segment
• The market is fragmented with the presence of a large number of global and regional players.

Prominent Players

• Diageo
• Brown-Forman
• Pernod Ricard
• Bacardi Limited
• Suntory Holdings Limited
• Asahi Group Holdings, Ltd.
• Anheuser-Busch InBev
• E. & J. Gallo Winery
• Constellation Brands
• Treasury Wine Estates
• Barefoot Cellars
• Kona Brewing Co.
• Union Wine Company
• Integrated Beverage Group LLC (IBG)
• Sula Vineyards

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Product Outlook

2.3. Application Outlook

2.4. Competitive Insights

Chapter 3. Canned Alcoholic Beverages Market Variables, Trends & Scope

3.1. Market Introduction

3.2. Penetration & Growth Prospect Mapping

3.3. Impact of COVID-19 on the Canned Alcoholic Beverages Market

3.4. Industry Value Chain Analysis

3.4.1. Sales/Retail Channel Analysis

3.4.2. Profit Margin Analysis

3.5. Market Dynamics

3.6. Business Environment Analysis

3.7. Roadmap of Canned Alcoholic Beverages Market

3.8. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Consumer Trends and Preferences

4.2. Factors Affecting Buying Decision

4.3. Consumer Product Adoption

4.4. Observations & Recommendations

Chapter 5. Canned Alcoholic Beverages Market: Product Estimates & Trend Analysis

5.1. Product Movement Analysis & Market Share, 2021 & 2030

5.2. Wine

5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)

5.2.2. Still

5.2.3. Fortified

5.2.4. Low-alcohol

5.2.5. Sparkling

5.3. RTD Cocktails

5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)

5.3.2. Malt based

5.3.3. Spirit based

5.3.4. Wine based

5.4. Hard Seltzers

5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)

5.4.2. Malt based

5.4.3. Spirit based

5.4.4. Wine based

Chapter 6. Canned Alcoholic Beverages Market: Distribution Channel Estimates & Trend Analysis

6.1. Distribution channel Movement Analysis & Market Share, 2021 & 2030

6.2. On-Trade

6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)

6.3. Liquor Stores

6.4. Online

6.5. Others

Chapter 7. Canned Alcoholic Beverages Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2021 & 2030

Chapter 8. Competitive Analysis

8.1. Key global players, recent developments & their impact on the industry

8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)

8.3. Vendor Landscape

8.3.1. Key company market share analysis, 2021

Chapter 9. Company Profiles

9.1. Company Overview

9.2. Financial Performance

9.3. Product Benchmarking

9.4. Strategic Initiatives

For more information about this report visit https://www.researchandmarkets.com/r/hjt727

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KEYWORD:

INDUSTRY KEYWORD: RETAIL WINE & SPIRITS

SOURCE: Research and Markets

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PUB: 12/20/2022 11:14 AM/DISC: 12/20/2022 11:14 AM

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