Global Canned Wine Market Report 2021: Market Size Expected to Reach $ 571.8 Million by 2028, Registering a CAGR of 13.2%
DUBLIN, November 30, 2021– (BUSINESS WIRE) – The “Global Canned Wine Market Size, Share and Trend Analysis Report by Product (Sparkling, Fortified), by Distribution Channel (Supermarket & Hypermarket, Online ), by Region (APAC, North America) and “Segment Forecast, 2021-2028” report has been added to ResearchAndMarkets.com offer.
Global canned wine market size expected to reach USD 571.8 million by 2028, registering a CAGR of 13.2%
Changing consumer preferences for convenient, portable and single-serve wine products are expected to be a key factor contributing to the growth of the market. A growing number of students and workers have changed their preference for alcoholic beverages from high alcohol by volume (ABV) dark spirits, such as whiskey and rum, to low alcohol beverages like wine and vermouth.
The increase in spending by Millennials and Gen X on canned wines in the United States, United Kingdom, Germany, Japan and Australia in recent years has also fueled the growth of the market. Canned drinks are very convenient due to the compact size of the cans. In addition, there has been an increasing demand for portable wine containers that are less fragile than glass. These factors are expected to support the growth of the market.
The growing popularity of outdoor sports and recreational activities among the younger generations has boosted the demand for canned wine. The canned format of the package adds to the premium appearance and enhances the overall appeal of the product; thus, manufacturers have tried to tap into this market with more product launches in this format.
For example, Sans Wine Company offers 375ml cans priced at $ 12-25 each. The market is fragmented with the presence of a large number of national and global players.
Highlights of the Canned Wine Market Report
The sparkling products segment held the highest revenue share in 2020 and is expected to maintain its dominance during the forecast period
Major players focus on new product launches to increase sales and gain higher market share
Supermarkets and hypermarkets were the largest segment of distribution channels in 2020. With the growing number of supermarkets around the world, major product manufacturers are making their products available through offline sales channels.
Online Distribution Channel Expected to Record Fastest Growth Rate in Forecast Years
Online sales channels, such as official websites, are extremely useful as they provide detailed product information which in turn drives sales through these channels.
North America accounted for the largest share of revenue in 2020 due to strong demand for products
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope of Canned Wine Market
Chapter 4. Analysis of consumer behavior
Chapter 5. Canned Wine Market: Product Estimates and Trend Analysis
Chapter 6. Canned Wine Market: Estimates of Distribution Channels and Trend Analysis
Chapter 7. Canned Wine Market: Regional Estimates and Trend Analysis
Chapter 8. Competitive analysis
Chapter 9. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/tk4z9p
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211130005543/en/
Laura Wood, Senior Press Director
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