Global Canned Wine Market, By Product Type (Still Wine, Sparkling Wine, Fortified Wine and Vermouth), Color (Red Wine, Rose Wine, White Wine), Distribution Channel (On-Trade and Off-Trade), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Canned Wine Market
The global canned wine market is expected to be growing at a growth rate of 7.2% in the forecast period of 2021 to 2028 and is estimated to reach 16.088 USD billion by 2028. The growing demand from the working population and college students in the urban areas will act as a driving factor to the growth of the canned wine market.
A wine is an alcoholic drink that generally comes in a bottle and has its place at the table. It is one of the most popular hard drink, which customers relish in every party or in a small gathering. But it is not easy to carry a bottle of wine with glasses in outdoor activities such as picnics. Therefore, to overcome the constraint, canned wines came into being.
Major factors that are expected to boost the growth of the canned wine market in the forecast period are the rising customer inclination for more suitable ways of having wine during the outdoor parties, house parties, camping, and other social gathering, the growing need for portable and more sturdy wine containers than glass because of the increasing demand for convenience, and the eagerness for outdoor recreational activities, like overnight camping, RV camping, fishing, hiking, and other outdoor activities. Furthermore, 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, evolving of tastes and new preferences amongst customers, and the growing demand for new and exotic flavors, like the Riesling wine and other tropical fruit wines are further expected to propel the growth of the canned wine market.
Moreover, the metal cans are less expensive than the glass bottles, more environment friendly, and have significantly higher recycling rate than the glass is one of the factors further cushioning the growth of the canned wine market. However, the economic shutdowns that have led to the shortage of canned cocktails because of the COVID-19 pandemic that is damagingly distressing most industries is further estimated to impede the growth of the canned wine market in the near future.
This canned wine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the canned wine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Canned wine Market Scope and Market Size
The canned wine market is segmented on the basis of product type, color and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the canned wine market is segmented into still wine, sparkling wine, fortified wine and vermouth.
- Based on the color, the canned wine market is segmented into red wine, rose wine, white wine.
- Based on the distribution channel, the canned wine market is segmented into on-trade and off-trade. Off-trade is further sub segmented into supermarkets or hypermarkets, specialty stores, online retailers and other distribution channels.
Canned wine Market Country Level Analysis
The canned wine market is analysed and market size, volume information is provided by country, product type, color and distribution channel as referenced above.
The countries covered in the canned wine market report are the 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).
North America dominates the canned wine market because of the substantial amount of consumption of canned wines. Furthermore, the growing number of camping households will further boost the growth of the canned wine market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the canned wine market because of the rising popularity of canned wine in parties and casual dining. Moreover, the launching 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.
The country section of the canned wine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Canned wine Market Share Analysis
The canned wine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to canned wine market.
The major players covered in canned wine market report are E. & J. Gallo Winery., Constellation Brands Inc., The Wine Group, Treasury Wine Estates, Castel Group, Accolade Wines, Total Wine & More, GRUPO PEÑAFLOR, Rogue Ales & Spirits, ASDA, The Cooper Spirits Co., bighammer.com., Bacardi Limited, Anheuser-Busch InBev, Brown-Forman, Diageo, A.G. Barr, 34 North Cocktail Co., Pernod Ricard, Manchester Drinks., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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