Canned Alcoholic Beverages Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

  • Single User License $3500

Canned Alcoholic Beverages Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : December, 2022 | Food and Beverages

Report Digest

Canned Alcoholic Beverages Market: Overview

The canned alcoholic beverages market will observe a positive growth cycle across the assessment period of 2020-2030. The increasing demand for canned alcoholic beverages due to properties like travel-friendly, convenience, portability, and others will significantly impact the growth of the canned alcoholic beverages market. In addition, metal cans are more feasible for use than glass bottles due to their high recycling rate. Thus, all these aspects will invite great growth opportunities across the forecast period.

Canned alcoholic beverages comprise ready-to-consume drinks without any need for mixing. These beverages are premixed and are available in different flavors. The ease of use attached with the beverages will invite extensive growth for the canned alcoholic beverages market. An increase in the demand for canned alcoholic drinks due to simple and easy packaging format will also bring tremendous growth prospects. These factors bode well for the growth of the canned alcoholic beverages market.

Canned alcoholic beverages, on the basis of product, can be classified into wine (low-alcohol, still, sparkling, fortified), hard seltzers (sugar-based, malt-based, wine-based, spirit-based), and RTD cocktails (wine-based, spirit-based, malt-based). These beverages are distributed to the consumers through varied distribution channels such as liquor stores, on-trade, online, and others.

Canned Alcoholic Beverages Market: Competitive Insights

The canned alcoholic beverages market is highly competitive. Many established and new players form the crux of the growth of the canned alcoholic beverages market. The players indulge in new product launches and expansion activities for allowing seamless production and distribution of canned alcoholic beverages. The players are also involved in framing advertising strategies that help in attracting many individuals to their brands.

Many well-established names in the alcohol industry are entering the canned alcoholic beverages market seeing its exceptional potential. New entrants are also penetrating the canned alcoholic beverages market with new flavors and mixes, which eventually help in increasing the growth rate of the canned alcoholic beverages market.

Some well-entrenched players in the canned alcoholic beverages market are Treasury Wine Estates (TWE), Integrated Beverage Group LLC, Constellation Brands, Brown-Forman Corporation, Suntory Holdings Limited, Asahi Group Holdings, Ltd., Sula Vineyards Pvt. Ltd., and E. & J. Gallo Winery.

Canned Alcoholic Beverages Market: Recent Developments

The growing popularity of canned alcoholic beverages is urging many players to launch new products and flavors. The trend of drinks like hard seltzers and Ready-To-Drink (RTD) cocktails is on the rise and, hence, all these factors turn the tables of growth across the canned alcoholic beverages market. Some of the major developments in the canned alcoholic beverages market classified according to their product types are as follows:

Hard Seltzers

  • Along with its traditional beer range, the Orono Brewing Company has launched its hard seltzer line names Wild Maine Hard Seltzer.
  • Heineken recently jumped into the hard seltzers sector by launching Pure Pirana. This brand will specially cater to hard seltzers.

RTD Cocktails

  • Jim Bean, a U.S.-based bourbon brand, recently launched bourbon-powered RTD cocktails.
  • Bacardi recently expanded its RTD cocktail range by adding three new flavors. It had launched its RTD cocktail range last year.

Canned Wine

  • Vice Wine recently revealed its range of luxury canned wines.
  • India’s popular wine brand, Sula, recently launched its first canned wine, Dia Sparkler, in both white and red wine flavors.

These developments have a profound impact on the growth of the canned alcoholic beverages market.

Canned Alcoholic Beverages Market: Regional Perspective

North America’s canned alcoholic beverages market is expected to gain a dominating streak across the assessment period. The rising demand for convenience drinks and premixed flavors will bring exceptional growth. Asia Pacific’s canned alcoholic beverages market is also expected to grow rapidly on the back of the rising awareness among the populace.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?