Canned Alcoholic Beverages Market Size, Outlook, Share, Demand 2024-2033 |

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Canned Alcoholic Beverages Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The canned alcoholic beverages market size has grown rapidly in recent years. It will grow from $7.01 billion in 2023 to $7.94 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to outdoor and recreational consumption, changing consumer preferences, marketing and branding strategies, innovative flavors and varieties, retail expansion, rise of craft canned drinks.

The canned alcoholic beverages market size is expected to see rapid growth in the next few years. It will grow to $13.37 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to premiumization, expanding demographic reach, rising popularity of hard seltzers, regulatory changes, societal acceptance, global economic factors. Major trends in the forecast period include ready-to-drink (RTD) cocktails, sustainability and eco-friendly packaging, innovation in flavor combinations, low-calorie and low-sugar options, collaborations and limited editions, online retail and direct-to-consumer (DTC) sales.

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Market Segmentation:
The canned alcoholic beverages market covered in this report is segmented -

1) By Product: Wine, RTD Cocktails, Hard Seltzers
2) By Alcoholic Content: High, Medium, Low
3) By Distribution Channel: On-Trade, Liquor Stores, Online, Other Distribution Channels

Major Driver - Surging Demand For Ready-To-Eat Foods Drives Growth In The Canned Alcoholic Beverages Market
The rising demand for ready-to-eat food and beverages is expected to propel the growth of the canned alcoholic beverages market. Ready-to-eat food and beverages refer to the food and beverages that are pre-cleaned, pre-cooked, and that are used for consumption without prior cooking. The rising demand for ready-to-eat food and beverages also increases the demand for canned alcoholic beverages. For instance, according to the study conducted by Distilled Spirits Council, a United States national trade association in 2021, global consumption of ready drink (RTD) cocktails had increased by 42.3 %. Therefore, the rising demand for ready-to-eat food and beverages is anticipated to promote the growth of the canned alcoholic beverages market.

Competitive Landscape:

Major companies operating in the canned alcoholic beverages market report are Anheuser-Busch Companies LLC, Heineken N.V., Asahi Group Holdings Ltd., Suntory Holdings Limited, Diageo plc, Ball Corporation, Kirin Holdings Company Limited, Crown Holdings Inc., Pernod Ricard, Carlsberg Group, Molson Coors Beverage Company, Constellation Brands, Ardagh Group, Rexam PLC, Bacardi Limited, Brown-Forman Corporation, The Boston Beer Company, Treasury Wine Estates, Stone Brewing Co., CANarchy Craft Brewery Collective, Kona Brewing Co., Brooklyn Brewery, Avery Brewing Company, 21st Amendment Brewery, E. & J. Gallo Winery, Union Wine Company, Integrated Beverage Group LLC, Cigar City Brewing, Barefoot Cellars, Oskar Blues Brewery

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Top Trend - Pre-Mixed Canned Cocktail To Meet The Demand For Cocktail
Major companies in the canned alcoholic beverages market are focused on developing pre-mixed canned cocktails, such as classic Jack and Coke cocktails, to meet the demand for cocktails and to gain a competitive edge in the market. The classic Jack & Coke cocktail is a mixed drink combining Tennessee Whiskey with Cola. For instance, in March 2023, Jack Daniel, a US-based Tennessee whiskey, with Coca-Cola, a US-based carbonated soft drink, launched Jack Daniel's & Coca‑Cola RTD, a pre-mixed canned cocktail, in the United States. The ready-to-drink (RTD) beverage combines Jack Daniel's Tennessee Whiskey with Coca‑Cola, offering the classic Jack & Coke cocktail in a convenient 12-oz. can format (7% ABV).

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Canned Alcoholic Beverages Market Characteristics
3. Canned Alcoholic Beverages Market Trends And Strategies
4. Canned Alcoholic Beverages Market - Macro Economic Scenario
5. Canned Alcoholic Beverages Market Size And Growth
…..
27. Canned Alcoholic Beverages Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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