Press release
Demand of Soul-Based Canned Mixed Drinks Is Foreseen to Expand at a CAGR of Over 20% Says Fact.MR's Study
Canned cocktails’ has become a spicy word in the alcoholic beverages market and notable mainstream companies have already taken a dive in the pool of canned cocktails. Fact.MR opines that the global canned cocktails market is to show a handsome growth of greater than 20% over the forecast period primarily influenced by the increased consumer demand for convenience and easy availability. These trends coming to the fore in the global alcoholic beverages industry landscape shall influence canned cocktails market over the forecast period shaping a pathway for its growth.Click Here to Get a Complete Market Overview of this Report
https://www.factmr.com/report/4079/canned-cocktails-market
FactMR found that increasing consumer demand for convenience and premium taste is fueling the growth of canned cocktails market through 2029. Consumer inclination for a convenient format for consumption and carriage, combined with exceptional taste, will continue to provide a ladder for sales of canned cocktails in the upcoming future.
Alcoholic beverages companies have already infiltrated the canned cocktails market, with leading distilleries investing significant amounts to leverage the market for growth opportunities. They are also banking on the fact that consumers are choosing newer premium products over archaic options in the foreseeable future. The study finds that fruit additives based canned cocktails are leading the way, accounting for nearly three quarter share of non-alcoholic additive segment of canned cocktails market. The non-alcoholic additive segment itself holds approximately 80% of the global canned cocktails market. The market players are focusing their efforts towards navigating the hazy rules & regulations to deduce prospective opportunities in canned cocktails.
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Global Canned Cocktails Market: Segmentation
Primary Ingredient
Malt-based
Spirit-based
Wine-based
Others
Additive Ingredient
Alcoholic
Non-alcoholic
Fruits
Caffeine
Others
Can Size
Less than 250 ml
250 - 350 ml
More than 350 ml
Alcoholic Content
Less than 5%
5-8%
More than 8%
Distribution Channel
Liquor Stores
Hypermarkets
Retail Stores
Online Channels
Others
The companies making an advent into the canned cocktails vertical are looking at the craze for cocktails in the bars and pubs across the globe. The alcoholic beverage industry is already driven by the trending shift of gen Y from usual beers and wines to cocktails. Ease of availability continues to be the key sales propellant of canned cocktails, as these beverages can be merchandised in retail stores and convenience stores where generally high alcohol spirits cannot be legally sold.
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The FactMR study also found remarkable uptick in consumer preference for spirit based canned cocktails, which range from gin, whiskey to tequila and vodka. Although the regional spirits like cachaça and saké currently accounts for meagre share of canned cocktails market, they are projected to permeate deep in the culture of alcoholic beverages as the paradigm shift happens towards midget markets. The study also foresees the sale of canned cocktails with alcohol content (ABV) of 5-8% which will show maximum demand during the forecast period.
Regional analysis includes
North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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https://www.accesswire.com/623945/Preventive-Maintenance-Applications-through-IoT-Innovations-Drives-Medical-Equipment-Maintenance-Market-FactMR
The Report Covers Exhaustive Analysis On:
Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Key Players
Duvel Moortgat NV
Brown-Forman
Diageo Plc
AB InBev
The Cooper Spirits Company
Bacardi Limited
Pernod Ricard
AG Barr
Becle, S.A.B. de C.V.
The Boston Beers Company
Dulce Vida
Novo Fogo
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Website : https://www.factmr.com
Press Release:https://www.factmr.com/media-release/1073/global-canned-cocktails-market
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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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