Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the canned wine market provides an in-depth analysis of
segments and sub-segments in the BRICS as well as the regional canned wine market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the BRICS and regional canned wine market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the BRICS canned wine market. According to the
report, the BRICS canned wine market is projected to grow at a significant CAGR
over the forecast period of 2022-2028.
The BRICS canned wine market was
valued at a significant CAGR during the forecast period. Wine is undistilled and
fermented alcoholic beverage. Wineries ferment grapes to make wine and
breweries ferment barley, wheat, and other grains to make beer. Wine is the
most consumed liquor in BRICS countries. Consumers enjoy it almost at every
party or in a very small meeting. However, it is complicated to carry a glass
bottle of wine along with drinking glasses at picnics. So, to beat this
constraint, canned wines came into existence, which got huge popularity and
love from consumers because it's portable and sturdy. Canned wines are nothing
but wines in a small quantity packed in a can. Wine has sophistication, and class,
and also comes in numerous varieties with many qualities to explore. Even
within the same state, you can find different types of vineyards. That means
there is always something new to discover. There is virtually no other drink
with as many tasting notes.
Increased disposable income has
increased the demand for young people’s alcohol use. Rising acceptance of
alcohol in social circles has resulted in consistent and high alcohol
consumption in the BRICS Countries. These factors are expected to drive market growth during the forecast period. Considering this market, consumers
are acceptable options for drinking, which is anticipated to market the scope
of canned wine during the forecast period. Moreover, the increasing preference
for canned wine because of ease in handling and carrying containers than glass
because of the growing demand for containers is boosting the expansion.
Furthermore, canned wine is gaining popularity among consumers across the world
attributable to its portability similar to the convenience to stay cold on
beaches, during overnight camping trips, and other outdoor recreational
activities. Further Increasing the Massive Population in various BRICS countries
will create a growth opportunity within the forecast period. However, stringent
government regulations, rules, and also the application of taxes are expected
to hamper the expansion of the BRICS canned wine market. An increase in the
production of low-class wine will restrain the growth of the market during the
forecast period.
In terms of region, the BRICS canned
wine market is segmented into Brazil, Russia, India, China, and South Africa.
South Africa and Russia hold a significant market share, because of the
changing climatic conditions and rising utilization of wines in the region.
Increasing investment in Research and Development of innovative flavor in this
sector by major players will enhance the market growth in the BRICS region.
Moreover, the rising utilization of canned wines in India, and Brazil due
to their easy portability during traveling will drive the growth of the BRICS
region. China is expected to dominate the market during the forecast period
as it is the largest market for wine consumption within the BRICS countries.
The rising popularity of canned wines among the young population and the increasing
investment of major players in the country will propel the growth of the market
during the forecast period.
The report on BRICS canned wine
market covers segments such as product and distribution channels. On the basis
of product, the sub-markets include sparkling and fortified. On the basis of
distribution channels, the sub-markets include supermarkets & hypermarkets,
and online.
The report provides profiles of
the companies in the market such as Sula Vineyards, Changyu Pioneer Wine
Company, Uncanny, Lubanzi Wines, Grace Vineyard, Mogao Winery, and Beach House,
Bacardi Limited, Grover Zampa Vineyards Ltd, and Dynasty Fine Wine Group Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the BRICS canned wine market. Moreover, the study highlights current
market trends and provides forecasts for 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.