Global Canned Wine Market Analysis by Product, Distribution Channel, Region and segments forecast till 2033

Market Overview

The global canned wine market is presently worth USD 266.81 million and is poised to amplify at a CAGR of 13.2% over 2023-2033, thereby amassing USD 719.41 million by end of the forecast duration.

Report Scope

Canned wine is referred to the type of wine that is packaged in a can. It is regarded as one of the most sustainable ways of storing alcoholic beverages. The compact size and portable nature of cans makes them a less fragile option for outings and picnics. These cans are made of recyclable and reusable components like aluminum and thereby pose lesser threat to the environment. Canned wines are quite affordable in nature as compared to their bottled counterparts.

The sustainable nature of canned wine coupled with its compact size are primarily augmenting the outlook of this marketplace. Alongside, escalating demand for single-serve beverages is adding traction to the overall industry development. Furthermore, surging consumer expenditure on recreational activities including camping trips, picnics, and overnight stays at secluded locations is creating lucrative opportunities for the business sphere to prosper.

Moreover, growing environmental cognizance of the masses coupled with the favorable government initiatives promoting eco-friendly packaging options are positively swaying the dynamics of this marketplace. Also, rising R&D activities in the field, rapid urbanization, and widespread improvements in the living standards of the masses are stimulating the overall outlook of this industry vertical. Additionally, increasing efforts of key players to develop and launch better products in the field are adding momentum to the market progression. On the contrary, stringent regulations pertaining to the consumption and sale of alcoholic products is impeding the growth of this industry vertical.

There has been an elevating demand for single-serve and ready-to-drink beverage products among individuals. This is powered by the hectic and fast-paced lifestyle of the masses which in turn has drastically changed their consumption patterns. These factors are augmenting the outlook of this marketplace.

The widespread industrialization and urbanization has led to a rapid increase in the pollution levels across the globe. This has shifted the inclination of the masses towards eco-friendly packaging options. The cans used for packaging wines are made from recycle and reusable components which do not pose any threat to the environment. This in turn is increasing the worldwide sales of canned wine.

Product Insights

The fortified segment is expected to generate significant returns over the estimated timeframe. This is attributable to the introduction of various flavors in the field.

Distribution Channel Insights

The online segment is slated to amass notable gains over the stipulated timeline owing to the widespread internet penetration and rising popularity of online sales channels.

Regional Insights

The primary regions influencing the expansion matrix of this business vertical are North America, Middle East & Africa, Europe, South America, and Asia Pacific. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rapid urbanization, rising environmental cognizance among the masses, and escalating demand for single-serve beverages.

Competitive Analysis

The prominent players characterizing the competitive ambit of this marketplace are Beach Juice, E & J. Gallo Winery, IBG Wines, Shamps Beverage LLC, Sans Wine Co, Winesellers Ltd., Precept Wine, LLC, Union Wine Company, The Family Coppola, Constellation Brands, Inc., Old Westminster Winery, MANCAN Wine, and Field Recordings.

·         Notably, in 2020, Constellation Brands, Inc. announced the acquisition of Booker Vineyard to diversify its offerings in the field.

Global Canned Wine Market- Segmental Analysis

By Product

·         Sparkling

·         Fortified

·         Others

By Distribution Channel

·         Supermarket & Hypermarket

·         Online

·         Other Stores

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Canned Wine Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Product Sizeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Product Sizeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Canned Wine Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

•             Business Model

•             Product Sizeion Capacity, Revenue, Sales, Gross Margin

•             Key Business Strategy

•             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Product Size in taking a key decision within the business:

•             Company Share Analysis from 2020-2022

•             Company Analysis by Revenue and Sales

•             Company Product Size Capacity, Gross Margin

•             Company Share Analysis by Card Product Size/Card Product Size

•             Company Share Analysis by Product Size/Specification