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Canned Wine Market Growth, Size, Analysis, Outlook By Trends, Opportunities And Forecast To 2030

09-22-2022 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: We Market Research

Canned Wine Market

Canned Wine Market

The global 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.

Global Canned Wine Market: Overview

A wine is defined as an alcoholic drink that generally comes in a bottle and has its place at the table. It is one of the most popular hard drink that is relished by the customers in every party or in a small gathering.

Major factors that have boosted the growth of the canned wine market in the forecast period are the rise in customer inclination for more suitable ways of having wine during the outdoor parties, house parties, camping, and other social gathering.

Also, the rising need for portable and more sturdy wine containers than glass has fuelled the market as the rising demand for convenience, and the eagerness for outdoor recreational activities, such as, overnight camping, RV camping, fishing, hiking, and other outdoor activities.

Key Market Trends:

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.

Additionally, the expenditure on recreational activities, outings, and other social gatherings has also increased that has resulted in high consumption of wine. A range of benefits is offered by this product, amongst which affordability is a major benefit has fuelled the market growth over the forecast period.

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Segmental Analysis of the Market:

Based on Product
• Sparkling
• Fortified
• Others

The sparkling segment has dominated the market growth over the forecast period.

Based on Distribution Channel
• Supermarket & Hypermarket
• Online
• Other Stores

The supermarkets segment has dominated the market growth over the forecast period.

North America is anticipated to amplify at a considerable CAGR

The global canned wine market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, South America, and Middle east and Africa. Among these, North America has dominated the market growth over the forecast period. This is because of the rising consumption of canned wines across the countries and also because of its easy portability and convenience during travel and outings.

Competitive Landscape:

Some of the prominent companies operating in the market are

• 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

Interested In Purchasing This Report?, Click Here: https://wemarketresearch.com/purchase/canned-wine-market/236/?license=single

Major questions answered in this report:

• 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?

Key takeaways from the report:

• The global canned wine market is projected to expand at a CAGR of 13.2% over the forecast period.
• The demand for convenient, portable beverages is aiding market progression.
• The sparkling segment is poised to expand significantly over the forecast period.
• North America has dominated the regional market sphere over the forecast period

Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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