Lucintel Forecasts Canned Alcoholic Beverage Market to Reach $XX Billion by 2028

According to the recent study the canned alcoholic beverage market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 21% to 23% from 2023 to 2028. Growth in this market is primarily driven by growing demand for ready-to-eat food and beverages, demand for low-content alcohol-based flavoured drinks, and increasing preference of can based packaging by manufacturers as cans are more convenient, portable, and travel-friendly.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in canned alcoholic beverage market by product (wine, RTD cocktails, and hard seltzers), distribution channel (on-trade, liquor stores, online, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Wine market is expected to remain the largest segment during the forecast period.”

Based on product, the canned alcoholic beverage market is segmented into wine, RTD cocktails, and hard seltzers. Lucintel forecasts that the wine market is expected to remain the largest segment due to increasing consumer awareness for eco-friendlier alternatives to glass and plastic bottles along with the growing preference for convenient & travel-friendly products. Hard seltzers will remain the largest product type segment due to increasing demand for carbonated water based drink, and its low price and easy availability across supermarket and convenient stores.

“Within the canned alcoholic beverage market, the liquor stores segment is expected to remain the largest distribution channel”

Based on distribution channel the liquor stores segment is expected to witness the highest growth over the forecast period because these stores are extensive and well-established distribution channel for canned alcoholic beverage. The global availability of both premium and private label brands at these stores attracts the consumers to purchase products through these channels, and liquor stores provides enhanced in-store experience along with wider availability of products.

“North America will dominate the canned alcoholic beverage market in near future”

North America will remain the largest market over the forecast period due to its highest per capita alcohol expenditure and availability of alcoholic beverages in attractive packaging styles.

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Major players of canned alcoholic beverage market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Bacardi Limited, Diageo, Brown-Forman, Union Wine Company, E. & J. Gallo Winery, Asahi Group Holdings, Ltd., Pernod Ricard, Sula Vineyards, Kona Brewing Co., and Suntory Holdings Limited are among the major canned alcoholic beverage providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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