Canned Wines Market is accounted for USD 211 million in 2020, growing at a robust CAGR of 13.2% during forecast period.

Introduction of the Canned Wines Market Report

Canned wine is a new concept which is gaining attraction due to its easily handling. These are beverages which are primarily packed in metal cans.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Canned Wines Market include an increasing demand for convenient, portable, and single-serve beverages globally. Additionally, consumption of wine increases due to its several factors like it provides antioxidants, helps in protecting against heart diseases and harmful inflammation. For instance, according to Wine Institute in US the total consumption of wine is accounted for 967 million gallons in 2019. Moreover, company are launching new products based on taste and requirement required by consumer will further boost the growth of this market. For instance, in Oct 2020, Tilt has launched four variant of wine in can. This was launched to capture young generation who are new to wine. Furthermore, canned wines are gaining popularity among consumers across the globe due to their easy handling & convenience to use and these metal cans have a higher recycling rate than glass bottles. Thus, this factor has boosted the growth of this market.

Restraint in the Canned Wines Market

However, presence of other substitutes such as other alcoholic beverages such Beer, Bacardi etc, has hampered the growth of canned wine market. Moreover, high cost of equipment required for the production lead to increase the overall cost of the canned wine. Thus, these factors have restrained the growth of this market.

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Product – Segment Analysis

Based on the Product, sparkling product segment expected to grow at a higher CAGR rate in the global Canned Wines Market during the forecast period owing to its sweet test and low alcohol content which has boosted the growth of this segment. Moreover, company like Chandon, House Wine, Copper Cane Wines and Provisions etc are the leading company offering sparkling wine in cans.

Distribution Channel – Segment Analysis

Based on the Distribution Channel, supermarket & hypermarket distribution projected to grow at a higher CAGR rate in the global Canned Wines Market during the forecast period due to the growing number of supermarket & hypermarket across the globe. Manufacturer are making their product available through offline sales channel. Rising opening of supermarket to increase consumer penetration will also boost the growth of this segment. For instance, in Jan 2020 SPAR has announced to establish new stores across Spain.

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Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a higher CAGR rate in the global canned wines Market during the forecast period due to rise in high demand of wine among the consumers. For instance, according to Wine Institute in US the total wine per resident is accounted for around 2.91 gallons in 2019. Consumers in this region are increasingly adopting canned wines owing to easy portability and convenience during travel and outings. Furthermore, presence of canned wine manufacturer in this region such as Maker wine, canned wine co. in this region further boosts the growth of this market.

Top Market Players

Various notable players operating in the market, include, E. & J. Gallo Winery., Constellation Brands, Inc, The Wine Group, Treasury Wine Estates, Castel Group, Accolade Wines, Total Wine & More, Grupo Penaflor, Rogue Ales & Spirits, Babe, among others.

Key Developments:

• In Feb 2021; Babe company has introduced a new brand product: BABE 100. It’s a refreshing and light drink like seltzer wine with only 100 calories and sugar-free. With other Babe’s product of Rose, Red and Grigio canned wine.
• In Feb 2020, Sula Vineyards, India’s renowned wine brand has announced the launch of its first canned wine under the brand name Dia Sparkler.

Segments covered in the Report:

The global Canned Wines Market has been segmented on the basis of Product, Distribution Channel, User Type, and regions. Based on Product, the market is segmented into Rose Wine, Sweet or Dessert Wine, Sparkling Wine, White Wine and Red Wine. Based on Distribution Channel, the market is segmented into Online, Supermarket & Hypermarket and Others. Based on User Type, the market is segmented into Households and Foodservice.

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Key questions answered in this research report:

• • At what pace is global Canned Wines Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Canned Wines Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Canned Wines Market?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What is the various Distribution Channel of global Canned Wines Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 211 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Distribution Channel, By User Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	E. & J. Gallo Winery., Constellation Brands, Inc, The Wine Group, Treasury Wine Estates, Castel Group, Accolade Wines, Total Wine & More, Grupo Penaflor, Rogue Ales & Spirits, Babe, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Canned Wines Market by Product

• • Rose Wine
  • Sweet or Dessert Wine
  • Sparkling Wine
  • White Wine
  • Red Wine

Global Canned Wines Market by Distribution Channel

• • Online
  • Supermarket & Hypermarket
  • Others

Global Canned Wines Market by User Type

• • Households
  • Foodservice

Global Canned Wines Market by Region

• • North America Canned Wines Market (Option 1: As a part of the free 25% customization)
    • North America Canned Wines Market by Product
    • North America Canned Wines Market by Distribution Channel
    • North America Canned Wines Market by User Type
    • US Canned Wines Market All-Up
    • Canada Canned Wines Market All-Up
  • Europe Canned Wines Market (Option 2: As a part of the free 25% customization)
    • Europe Canned Wines Market by Product
    • Europe Canned Wines Market by Distribution Channel
    • Europe Canned Wines Market by User Type
    • UK Canned Wines Market All-Up
    • Germany Canned Wines Market All-Up
    • France Canned Wines Market All-Up
    • Spain Canned Wines Market All-Up
    • Rest of Europe Canned Wines Market All-Up
  • Asia-Pacific Canned Wines Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Canned Wines Market by Product
    • Asia-Pacific Canned Wines Market by Distribution Channel
    • Asia-Pacific Canned Wines Market by User Type
    • China Canned Wines Market All-Up
    • India Canned Wines Market All-Up
    • Japan Canned Wines Market All-Up
    • Rest of APAC Canned Wines Market All-Up
  • RoW Canned Wines Market (Option 4: As a part of the free 25% customization)
    • RoW Canned Wines Market by Product
    • RoW Canned Wines Market by Distribution Channel
    • RoW Canned Wines Market by User Type
    • Brazil Canned Wines Market All-Up
    • South Africa Canned Wines Market All-Up
    • Saudi Arabia Canned Wines Market All-Up
    • UAE Canned Wines Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Canned Wines Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • & J. Gallo Winery.
  • Constellation Brands, Inc
  • The Wine Group
  • Treasury Wine Estates
  • Castel Group
  • Accolade Wines
  • Total Wine & More
  • Grupo Penaflor
  • Rogue Ales & Spirits
  • Babe