Canned Alcoholic Drinks- Market Scope
Canned Alcoholic Drinks are a type of drinkable liquid that comes in a metal can. The popularity of canned alcoholic beverages has recently increased due to qualities such as convenience, travel-friendly, and portability, among others. Because canned alcohol drink have a better recycling rate than glass bottles, they are more environmentally beneficial. Metal cans are also less expensive than glass bottles, are easier to store, and are easier to distribute to clients. Wine, RTD cocktails, and hard Seltzers are some of the most popular canned alcoholic beverages. As a result, various types of advantages will open up new growth opportunities for the canned alcoholic drink business.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | kweichow moutai (China), Wuliangye Yibin (China), Diageo plc (United Kingdom), Anheuser-Busch Inbev (Belgium), Heineken (Netherlands), Suntory Holdings Limited (Japan), Bacardi Limited (Bermuda), Pernod Ricard (France), Constellation Brands (United States), Brown-Forman Corporation (United States) and Union Wine Company (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Canned Alcoholic Drinks- market throughout the predicted period.
kweichow moutai (China), Wuliangye Yibin (China), Diageo plc (United Kingdom), Anheuser-Busch Inbev (Belgium), Heineken (Netherlands), Suntory Holdings Limited (Japan), Bacardi Limited (Bermuda), Pernod Ricard (France), Constellation Brands (United States), Brown-Forman Corporation (United States) and Union Wine Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Asahi Group Holdings, Ltd. (Japan), Sula Vineyards Pvt. Ltd. (India), Kona Brewing Co. (United States) and Barefoot Cellars (United States).
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 Alcoholic Drinks- market by Type , by Application (Household, Restaurant/Bars and Hotels) and Region with country level break-up.
On the basis of geography, the market of Canned Alcoholic Drinks- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 2023.
Market Leaders and their expansionary development strategies
In 2021, Diageo announces it has acquired Loyal 9 Cocktails, a rapidly growing spirits-based ready to drink brand, from Sons of Liberty Spirits Company.
In 2020, Diageo announces creation of world's first ever 100% plastic free paper-based spirits bottle and In 2021, Belgium-based beverage company Anheuser-Busch InBev (AB InBev) has launched a new sustainable packaging design for its world-famous Corona beer brand
On December 18, 2020, the Government of Indias Food Safety and Standards Authority of India (FSSAI) issued new regulations and standards for alcoholic beverages. These regulations include updated requirements for low alcoholic beverages including craft beers, alcohol-free beer and winebased beverages, geographical indications, and labelling requirements for wine. The regulations are effective immediately, but industry stakeholders will have until July 1, 2021 to comply with the provisions.
Influencing Trend:
Technological Advancements In Canned Alcoholic Drinks Production
Market Growth Drivers:
The Rising Demand For Beverages Across The World and Increase In Preferences Of Customers Towards Canned Alcoholic Drinks
Challenges:
Problems With Price Fluctuations In Canned Alcoholic Drinks and Threat Of Substitute Products
Restraints:
Stringent Rules, Regulations, And Guidelines Of Government Regarding Alcoholic Drinks
Opportunities:
Growing Food And Beverages Industry Will Boost Canned Alcoholic Drinks Market
Key Target Audience
Canned Alcoholic Drinks Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others