The canned alcoholic beverages industry has grown significantly in recent years, owing to altering consumer preferences, convenience, and the growing popularity of ready-to-drink (RTD) cocktails and spritzers. This market segment caters to a diverse spectrum of consumers by combining the convenience of canned packaging with the attractiveness of alcoholic beverages. The convenience element is a crucial driver of this market’s growth. For consumers looking for on-the-go fun, canned alcoholic beverages provide an easy-to-carry and easy-to-consume option. This aspect of ease is especially appealing to millennials and younger consumers who value experiences and mobility.
Canned Alcoholic Beverages Market Overview:
This market research analysis, denoted as Canned Alcoholic Beverages Market, gives not only a market projection but also a full picture of a booming and motivated sector. It provides industry stakeholders with the knowledge they need to make sound decisions based on the study’s findings. In today’s environment, research can help you get a competitive advantage over your competitors and secure long-term success. The Canned Alcoholic Beverages Market study report includes thorough information on a variety of industry elements, such as methodology, models, and significant competitors operating in various areas. Analysts use meticulous testing methodologies to provide reliable and vital insights into the market’s current state and growth.
Canned Alcoholic Beverages Market size was valued at USD 12.5 Billion in 2022 and is expected to grow at a CAGR of 19.5% from 2023 to 2029, reaching nearly USD 43.5 Billion.
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Scope of the Report
- Investigate and assess the Canned Alcoholic Beverages market’s size, both in terms of value and volume, taking into account aspects such as company, major regions/countries, products, and applications. This research should include historical data from 2016 to 2020 as well as projections through 2027.
- To acquire a thorough understanding of the Canned Alcoholic Beverages market’s structure, categorize its numerous sub-segments.
- Provide detailed information on the major market growth factors, such as industry trends, opportunities, drivers, challenges, and potential market hazards.
- A full description and analysis of sales volume, value, market share, competitive landscape, SWOT analysis, and future growth strategies are provided for prominent Canned Alcoholic Beverages manufacturers.
- Examine the Canned Alcoholic Beverages market in terms of specific growth trends, future prospects, and participation in the worldwide market.
- Estimate the value and volume of Canned Alcoholic Beverages market segments in relation to major geographic locations.
- Analyze , regional, and country economic and political market circumstances using research that includes PESTEL analysis, PORTER’s 5 Forces Analysis, cost analysis, and the regulatory environment.
Canned Alcoholic Beverages Market Drivers:
According to a study analysis, the market for canned alcoholic beverages is enjoying significant expansion, which is being driven by a number of major factors. For starters, the growing need for portable and convenient alcoholic beverages has boosted the popularity of canned options among consumers seeking on-the-go entertainment. Second, increased consumer health consciousness has resulted in a demand for lower-calorie and lower-sugar options, with canned alcoholic beverages frequently meeting these criteria. Third, as disposable income has increased, consumers have been able to spend more on quality canned alcoholic beverages.
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Canned Alcoholic Beverages Market Segmentation:
by Product
Wine
RTD Cocktails
Hard Seltzers
by Distribution
On-Trade
Liquor Stores
Online
Others
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Key Players:
The research provides an in-depth evaluation of the Canned Alcoholic Beverages market and its presence in various sectors and regions. The research analyst seeks to unearth latent development potential that enterprises in various locations of the world can leverage by doing a complete geographical assessment of the sector. Global Canned Alcoholic Beverages Market research provides exact information that enables market participants to compete successfully in terms of growth, sales, and other vital criteria with their most important competitors. In the research analysis, significant market components such as market drivers and obstacles are distinguished from vital development prospects and industry trends.
1. Anheuser-Busch InBev (Belgium)
2. Heineken (Netherlands)
3. Carlsberg (Denmark)
4. SABMiller (South Africa)
5. Molson Coors (Canada)
6. Diageo (United Kingdom)
7. Pernod Ricard (France)
8. Bacardi (Bahamas)
9. Constellation Brands (United States)
10. Brown-Forman (United States)
11. Beam Suntory (United States)
12. William Grant & Sons (Scotland)
13. LVMH (France)
14. Campari Group (Italy)
15. Diageo India (India)
16. United Breweries Group (India)
17. SABMiller India (India)
18. Carlsberg India (India)
19. Heineken India (India)
20. Molson Coors India (India)
21. Diageo China (China)
22. Anheuser-Busch InBev China (China)
23. Carlsberg China (China)
24. SABMiller China (China)
25. Molson Coors China (China)
26. Diageo Japan (Japan)
27. Asahi Breweries (Japan)
COVID-19 Impact on the Canned Alcoholic Beverages Market
In the current climate of significant uncertainty and unequal consequences, it remains premature to discuss a genuine recovery. When we compare production in 62 countries from December 2019 to June 2020, it becomes evident that more than half of them underwent a protracted economic slowdown from January to June 2020, contributing to over 90% of the global manufacturing value-added. The majority of industrial sectors exhibited similarly lackluster performance in the initial two quarters of 2020, with the transportation sector experiencing the most substantial decline.
According to research data from the Canned Alcoholic Beverages report, it is evident that the severity of government measures to combat the spread of the coronavirus had a direct and noticeable impact on industry production levels. The financial support measures implemented by governments played a significant role in shaping the performance of various countries and industries.
As a result of these varied impacts on the market, we have gathered data from diverse countries, regions, and industries to provide a comprehensive overview.
Regional Analysis:
Our analysis also encompasses vital factors that shape the market landscape and regulatory developments that influence both current market conditions and future trends. Key components used to assess the market outlook in various regions include new sales, replacement sales, national demographics, regulatory initiatives, and import-export tariffs. Additionally, when providing forecast analyses of national data, we examine the presence and accessibility of global brands, along with the challenges they encounter due to strong or weak competition from local and domestic brands. We also scrutinize the impact of sales channels on the market dynamics.
Key Questions Answered in the Canned Alcoholic Beverages Market Report are:
- What is Canned Alcoholic Beverages ?
- What is the expected CAGR of the Canned Alcoholic Beverages market during the forecast period?
- Which region held the largest Canned Alcoholic Beverages market share in 2022?
- What are the major drivers of the Canned Alcoholic Beverages Market?
- What are the Canned Alcoholic Beverages Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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