Canned wine market is presently worth USD 266.81 million and is poised to amplify at a CAGR of 13.2% over 2022-2030, thereby amassing USD 719.41 million by end of the forecast duration.
One of the most well-liked hard drinks, people like it at every party or little gathering. However, carrying a bottle of wine and glasses is difficult when participating in outdoor activities like picnics. An alcoholic beverage known as wine often comes in a Can.
Market Growth And Covid-19 Impact:
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising demand for convenient, portable, and also single-serve beverages. Also, the rising consumer inclination toward ready-to-eat and ready-to-drink products because of their busy lifestyles and hectic work schedules has also boosted the product demand over the forecast period.
The primary factor fueling market expansion is the growing demand for portable, single-serve beverages that are easy to carry. Due to their busy lifestyles and demanding work schedules, consumers' preferences for ready-to-eat and ready-to-drink items are growing. The COVID-19 epidemic has positively impacted the local markets in a number of important nations.
The desire for outdoor recreational activities such as overnight camping, RV camping, and fishing are major factors that are anticipated to fuel the growth of the canned wine market during the forecast period. These factors include the rising customer preference for more suitable ways to consume wine during outdoor parties, house parties, camping, and other social gatherings, the growing need for portable and more sturdy wine containers than glass due to the growing demand for convenience, and the desire for these activities.
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Segmental Analysis of the Market:
Based on Product
- Sparkling
- Fortified
- Others
Based on Distribution Channel
- Supermarket Hypermarket
- Online
- Other Stores
Key Players:
- E J Gallo Winery
- Union Wine Company
- Integrated Beverage Group LLC
- SANS WINE CO
- Sula Vineyards Pvt. Ltd.
- The Family Coppola
- The Canned Wine Company
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Key Questions Answered:
- What is the growth rate of the global canned wine market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
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