With the emergence and long-term Impact of COVID-19, Global Canned Wine Market to reach USD 732.72 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Canned Wine Market points towards a potential rise to USD 732.72 million by 2030. Canned wine refers to wine that is packaged and sold in cans instead of traditional glass bottles. It is a relatively recent trend that has gained popularity in the wine industry. Canned wine offers several advantages over bottled wine, including convenience, portability, and sustainability. Canned wine provides an airtight seal, which helps preserve the wine’s freshness and flavors. The lack of oxygen exposure can prevent premature oxidation, resulting in a more consistent tasting experience.
The market for canned wines is anticipated to expand at a fast rate due to the numerous applications and advantages for customers all over the world. The rapid shift in customer tastes from traditional packaged beverages or wine to canned wines because of their lightweight nature, ease of use when traveling, and other factors have contributed to the market growth. Also, canned wines are gaining high popularity among young millennials and members of the working class, coupled with the increasing demand for wines are fueling the expansion of canned wines during the projected period.
Geographically, the global Canned Wine market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing availability of the product on various e-commerce platforms, as well as the introduction of various eco-friendly packaging alternatives. In addition, canned wines are gaining high popularity in the region, particularly among hikers as they are more portable and lightweight than their counterparts, making them simpler to tote during outdoor activities.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing disposable income, changing preferences and habits of consumers, and high consumption of wines particularly in countries such as China, Japan, South Korea, and India are bolstering the market demand across the region.
The global Canned Wine market is highly competitive owing to the presence of several key players such as 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, Shamps Beverage LLC, Constellation Brands, Inc, Winesellers Ltd., and others.
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Key findings of the study suggest:
- Global Canned Wine Market is anticipated to grow with a healthy growth rate of more than 13.2% over the forecast period 2023-2030.
- In the Product segment, Sparkling Wine emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing availability of the product on various e-commerce platforms in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing disposable income in the region
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Sparkling Wine
- Fortified Wine
- Others
By Distribution Channel:
- Supermarket & Hypermarket
- Online
- Other Stores
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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