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Canned Alcoholic Beverages Market Analysis

  • Report ID: GMI6827
  • Published Date: Sep 2023
  • Report Format: PDF

Canned Alcoholic Beverages Market Analysis

Canned Alcoholic Beverages Market Size, By Product, 2021 - 2032 (USD Billion)

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The wine segment dominated around USD 25.59 billion revenue in 2022. Canned wine comes in single-serving volumes that are handy for consumers. Canned wine is less expensive than bottled wine, making it more accessible to various customers. This cost is especially appealing to younger groups and those on a limited budget. These factors, together with changing customer choices and lifestyles, contribute to market expansion.

 

Canned Alcoholic Beverages Market Share, By Distribution Channels, (2022)

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The liquor stores segment accounted for 50% of the market share in 2022. Canned alcoholic drinks are primarily supplied via liquor stores as a primary distribution method. These stores offer convenience and choice to their customers by offering a large range of canned alcoholic drinks, including ciders, beers, and ready-to-drink cocktails. Customers may readily obtain their chosen brands and tastes when liquor stores cooperate with breweries, distilleries, and beverage firms to carry popular canned alcoholic choices.

 

North America Canned Alcoholic Beverages Market, 2021 - 2032 (USD Billion)

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North America canned alcoholic beverages market size reached over USD 20.44 billion in 2022, owing to increased consumer demand for convenient and portable drink choices, particularly among millennials and Generation Z. The market in North America is growing, and both well-known brands and independent producers are taking advantage of this development by providing a wide variety of products to meet the changing needs of consumers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of canned alcoholic beverages was worth USD 63.05 billion in 2023 and is set to reach USD 196.98 billion by 2032, due to the rising environmental concerns for encouraging recyclable packaging.

Canned alcoholic beverages industry size from the wine product segment crossed USD 25.59 billion in 2022, owing to their rising accessibility to various customers.

The liquor stores distribution channel held over 50% of the market share in 2022, driven by convenience and choice offered to customers.

North America market size was valued at USD 20.44 billion in 2022, attributed to the higher consumer demand for convenient and portable drink choices in the region.

Canned Alcoholic Beverages Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 21
  • Pages: 180
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