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Canned Alcoholic Beverages Market Size

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

Canned Alcoholic Beverages Market Size

Canned Alcoholic Beverages Market size surpassed USD 63.05 billion in 2023 and is projected to grow at over 13.6% CAGR from 2024 to 2032. Factors, such as consumer convenience and portability preferences, environmental concerns encouraging recyclable packaging, and the rising appeal of outdoor and on-the-go social activities like outdoor gatherings, picnics, and festivals, all contribute to the rising demand for canned alcoholic beverages. Alcoholic beverages in cans provide a single-serving option that fits these trends and is lightweight, portable, and convenient, making them a popular option for customers looking for convenience and sustainability in their beverage choices.

 

Canned Alcoholic Beverages Market

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Canned alcoholic beverages are packaged in sealed cans for easy consumption, such as cocktails, beer, wine, and hard seltzers. These ready-to-drink canned beverages have gained appeals because to their ease of storage, portability, and adaptability for a range of social circumstances, making them a useful choice for clients looking for outdoor or on-the-go drinking options.

 

Competition from other alcoholic beverage categories restricts the canned alcoholic beverages industry growth. Consumers have access to a broad variety of alcoholic alternatives, including craft beers, classic bottled drinks, and wine. These substitutes compete with canned alcoholic beverages by providing a variety of tastes, branding, and consumption experiences, which limits their market revenue growth.

 

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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