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Canned Wine Market Size, Industry Analysis Report By Product (Sparkling, Fortified), By Distribution Channel (Supermarket & Hypermarket, Online) & Region - Forecasts

  • PUBLISHED ON
  • 08/08/2022
  • NO OF PAGES
  • 251
  • CATEGORY
  • Food & Beverages

 

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

Report Attributes

Description

Market Forecast in 2022

USD 266.81 Million

Market Forecast in 2033

USD 719.41 Million

CAGR % 2023-2033

13.2%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product Size, Consumption, company share, company heatmap, company Material Product Size capacity, growth factors and more

Segments Covered

Product, Distribution Channel

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

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

 

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


Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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