Canned Wine Market is expected to rise at annual rate 7.2% in the forecast period of 2021 to 2028 and is estimated to reach USD 16.088 billion by 2028 due to the increasing need from the working population and college students in the urban areas.
On the other hand, strict government regulation for the approval process and high price of the organic foods regulatory are expected to obstruct the market growth in the above mentioned forecast period. Lack of awareness regarding benefits of PGR is projected to challenge the canned wine market.
According to Data Bridge Market Research the markets for canned wine is accelerating because of the growing customer inclination for more suitable ways of having wine during the outdoor parties, house parties, camping, and other social gathering, increasing demand for portable and more sturdy wine containers than glass because of the rising demand for convenience and readiness for outdoor recreational activities, such as overnight camping, RV camping, fishing, hiking, and other outdoor activities. Additionally, the millennials and Gen Xers such as the college students and working-class people are gradually spending more on wine than on any other alcoholic beverages, like whiskey and rum and rise in the need for new and exotic flavors, such as the Riesling wine and other tropical fruit positively affect the canned wine market.
Furthermore, the metal cans are cheaper than the glass bottles, more environment friendly, and have significantly higher recycling rate than the glass extend profitable opportunities to the market players.
Now the question is which are the other regions that canned wine market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rise in the popularity of canned wine in parties and casual dining. Moreover, the initiation of the new products by major wine companies is further anticipated to boost the growth of the canned wine market in the region in the coming years.
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Canned wine market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of canned wine companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-canned-wine-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Canned Wine Market – Industry Trends and Forecast to 2028