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.