What is Canned Alcoholic Beverages Market Scope?
Alcoholic Beverages is the drinkable liquid that containing ethyl or ethanol alcohol of 0.5 or more percent. Canned Alcoholic Beverages are a kind of drinkable liquid that is served in metal cans packing. Recently due to the attributes such as convenience, travel-friendly, and portable, etc., increases the popularity of canned alcoholic beverages. Canned alcoholic beverages are more environmentally friendly than glass bottles because it has higher recycling rate. Also, metal cans are considerably less expensive than glass bottles, easy to store, and easy to ship the products to customers. Wine, RTD cocktails, and hard Seltzers are some examples of canned alcoholic beverages popular among consumers. Therefore, different kinds of benefits will create new growth avenues for the canned alcoholic beverages industry.
The Canned Alcoholic Beverages market study is being classified by Type (Wine, RTD Cocktails and Hard Seltzers), by Application (Internet Retailing, On Trade, On Store Retailing and Others) and major geographies with country level break-up.
The leading organization in the market, to gain competitive advantage, makes new partnerships with the companies and increases the distribution of their product in multiple markets. Through availing acquisitions, companies are expanding their operational footprint and fulfilling the demand of the market, and driving growth. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Canned Alcoholic Beverages market throughout the predicted period.
Bacardi Limited (Bermuda), Barefoot Cellars (United States), Diageo plc (United Kingdom), Brown-Forman Corporation (United States), Anheuser-Busch InBev (Europe), Treasury Wine Estates (TWE) (Australia), Union Wine Company (United States), E. & J. Gallo Winery (United States), Pernod Ricard (France) and Integrated Beverage Group LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sula Vineyards Pvt. Ltd. (India), Kona Brewing Co. (United States), Suntory Holdings Limited (Japan), Asahi Group Holdings, Ltd. (Japan) and Constellation Brands (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Canned Alcoholic Beverages market by Type, Application and Region.
On the basis of geography, the market of Canned Alcoholic Beverages 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).
Market Influencers and their development strategies
On 5 Jan 2021, E. & J. Gallo Winery (Gallo) made an acquisition of more than 30 wine brands from Constellation Brands, Inc. in order to expand its operational footprint with the addition of five wineries. The acquisition includes well-known wine brands such as Arbor Mist, Black Box, Clos du Bois, Estancia, Franciscan, Hogue, Manischewitz, Mark West, Ravenswood, Taylor, Vendange, and Wild Horse that will join the Gallo portfolio.
On 3 May 2021, Treasury Wine Estates world’s largest premium wine company entered into a partnership with Republic National Distributing Company (RNDC) with an aim to cover distribution in multiple markets. This partnership cultivates trade partnership, fast-track growth, helps to execute a plan, and builds long-term value to fulfill needs to position the company for future growth.
Food Safety and Standard Authority of India is the regulatory factor who issue guidelines, standards and regulate alcoholic beverages in the country to ensure it is within a safe and permissible limit
Influencing Market Trend
- Growing preferences for the convenient packaging of products
- Increase in popularity of alcoholic flavored beverages among people
Market Drivers
- The rise in demand for alcoholic beverages in the market
- Increase in preferences of customers towards ready-to-eat food and ready-to-drink beverages.
Opportunities
- Develop new and more convenient packaging style of products
- Introduction of new flavored alcoholic drinks in the market
Restraints
- Stringent rules, regulations, and guidelines of government regarding alcoholic beverages
- The rise in health-related concerns among people
Challenges
- Prediction of the continuous change in taste and preferences of consumers regarding food and beverages.
Key Target Audience
Industry Association, Distribution Channels, Government Regulatory Bodies and Private Research Organization
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.