A recent report published by Infinium Global Research on the canned wines market provides in-depth analysis of segments and sub-segments in the global as well as regional canned wines market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional canned wines market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global canned wines market. According to the report, the global canned wines market is projected to grow at a CAGR of 10.43% over the forecast period of 2021-2027.
The global canned wines market was valued at USD 88.4 million in 2021 and is expected to reach USD 160.3 million in 2027, with a CAGR of 10.43% during the forecast period. Wine is an alcoholic beverage that generally comes in a bottle and has its place on the table. Wine is the most consumed liquor. 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. It available in many flavors and offers the identical experience to bottled wines because the process of creating both wines is the same. Canned wines don't seem to be a replacement thing, but the convenience of not requiring glasses or bottle openers are some things new and a decent change in step with the changes within the lifestyle of the consumers.
The rising demand for portable and fewer friable wine containers than glass for increased convenience is a key factor fueling the market growth. Moreover, increasing participation in outdoor recreational activities, like camping, trawling, and climbing, is propelling the demand for merchandise. 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. However, stringent government regulations, rules, and also the application of taxes are expected to hamper the expansion of the worldwide wine market during the forecast period.
In terms of region, the global canned wines market is segmented into North America, Europe, Asia Pacific, Africa, and the Middle East. North America holds the biggest market share, because of the changing climatic conditions and rising utilization of wines in the region. Increasing investment in Research and Development in this sector by major players will enhance the market growth in the region. Moreover, the rising utilization of canned wines in European countries due to their easy portability during traveling will drive the growth of the European region. The Asia Pacific is expected to dominate the market during the forecast period as Asia is the third-largest market for wines consumption. The rising popularity of canned wines among the young population in countries such as India & China will propel the growth of the market in the region.
The report on the global canned wines market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include sparkling, and fortified. On the basis of distribution channel, the sub-markets include supermarket & hypermarket, and online.
The report provides profiles of the companies in the market such as E & J Gallo Winery, Constellation Brands, Union Wine Company, Integrated Beverage Group LLC, SANS WINE CO, Sula Vineyards Pvt. Ltd., The Family Coppola, Santa Julia, Winesellers Ltd., and Old Westminster Winery.
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 canned wines market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.