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Canned Alcoholic Beverages Market Trends

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

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Canned Alcoholic Beverages Market Trends

The market for canned alcoholic beverages is expanding significantly due to convenience, portability, and ecological concerns. Due to its portable packaging, appropriateness for outdoor activities, and lower environmental impact compared to glass bottles, consumers are favoring ready-to-drink canned cocktails, wine, and hard seltzers more. To meet changing customer desires for healthier and more varied drinking options, the industry is also witnessing innovation with a low-calorie option, diversity of tastes, and premium offers.

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.