Canned Cocktails Market Scope
Canned Cocktails is ready to drink a cocktail beverage made by the manufacturer with some added preservatives and flavours. It can have Different Flavours added to it in order to cater to different taste preferences from consumers. Attractive endorsements from brands and ingredients are driving the demand of canned cocktails. Alcoholic and Non-alcoholic contents can cater to a large variety of cocktail consumers.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Diageo PLC (United Kingdom), Brown-Forman (United States), Pernod Ricard (France), AB inBev (Belgium), Becle (Mexico), S.A.B. de C.V. (Mexico), AG Barr (United Kingdom) and The Boston Beers Company (United States) |
CAGR | % |
The global market for Canned Cocktails is consolidated by key players owing to the rise in ready-to-have refreshment drinks and alcohol consumptions in different regions. The rising players and start-ups should invest in attractive packaging and labeling for gaining more consumer preference.
Diageo PLC (United Kingdom), Brown-Forman (United States), Pernod Ricard (France), AB inBev (Belgium), Becle (Mexico), S.A.B. de C.V. (Mexico), AG Barr (United Kingdom) and The Boston Beers Company (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Canned Cocktails market by Type , by Application (Individual and Commercial) and Region with country level break-up.
On the basis of geography, the market of Canned Cocktails has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In 2019, Brown-Forman Corporation acquired the 86 Company. After this acquisition takes place, Brown-Forman will add Fords Gin, a premium gin to its growing portfolio.
Indian Food Safety and Standards (Alcohol Beverages Standards) Regulations, 2016 stated that it is particularly important to state the health-related issues in the form of labels on the alcohol beverages.
Influencing Trend:
Employment of Attractive and Clean Label Packaging and Can Interlocking Systems to Save Packaging Costs by Threads and Plastic Carrier Rings
Market Growth Drivers:
Rise in Alcohol Consumption per Capita and Growth in Attractive Packaging and Easy Portability with Storage
Challenges:
High Costs Involved in Cocktail Alcohols and Substitutes Available in Market
Restraints:
Stringent Government Regulation regarding Alcohol in Some Regions and Added Preservative May hamper The Market
Opportunities:
Engagement of Brand in Introducing Flavours like Natural Lime, Ruby Grapefruit, etc.
Key Target Audience
Canned Cocktails Manufacturer, Provider/Distributor, Alcohol Manufacturers, Commercial Vendors, Raw Material Provider and Others