Canned Wine Market Size, Share, Future Trend, 2027
Changing
consumer preferences for single-serve, portable, and convenient wine products
and increasing demand form young population to drive the global canned wine
market.
According to TechSci Research report, “Canned
Wine Market – Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2017-2027F” The global canned wine market
is expected to grow at impressive rate through 2027 on account of rising demand
for convenient, portable, and single-serve beverages. Growing consumer
inclination toward ready-to-drink products, owing to their busy lifestyles and
hectic work schedules, are also driving towards the growth of global canned
wine market. Some of the manufacturers have started providing canned wines with
different flavors. For example, Sula
Vineyards, which is one of the India's most well-known wine brands has
introduced "Dia Sparkler," a new canned wine, in top retail outlets
all over the country and worldwide also. The company has introduced their canned wines in 330
ml cans with both red and white wine flavors. The demand for canned wine has
increased as outdoor recreation, and sports have grown in appeal among younger
generations. Manufacturers have been attempting to capture this market with
more product launches in the canned format because the packaging format
contributes to the premium appearance and enhances the product's overall
appeal.
The popularity of drinking on the go among people, especially millennials, boost canned wine sales. The millennial generation's growing preference for canned wines has resulted in a vast increase in the number of top players introducing their canned wine brands.
The
top market players are embracing the burgeoning trend by releasing wines in
canned packaging. The smaller service makes it easier for each customer to
overcome any potential objections of buying a large traditional wine bottle.
The numerous advantages of canned wine enable one to travel light and increase
recycling effectiveness. Conventional glass bottles are fragile and cannot be
brought to beaches, parks, or other tourist destinations. Cans are the types of
wine packaging that are expanding at the fastest rate, and they are more
occasion-friendly than glass, which is helping the market develop. For
instance, Hardys, the largest wine brand in the UK, is introducing three new
varieties in aluminum cans to capture the on-the-go market. A rosé,
chardonnay, and shiraz are included in the new Hardys canned line, which was
introduced to the retail market. Additionally, it has summer festivals
and on-trade listings planned. The fact that the aluminum cans are entirely
recyclable, according to Accolade, reinforces the company's commitment to
sustainability and lessens its environmental impact.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC
on the "Canned Wine Market"
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The global canned wine market is segmented into product type, alcohol content,
distribution channel, region and company. In terms of distribution channel, the
global canned wine market is segmented into supermarkets/hypermarkets, On
Trade, specialist retailers, online, and others. Numerous factors, such as an
increase in internet usage, a fast-paced lifestyle, and the uptake of
e-commerce platforms, are predicted to spur the market growth. Along with
making customers feel more comfortable with online shopping, features like
product comparison, thorough product descriptions, and straightforward exchange
and refund options are boosting sales of canned wines through online channels
across the globe.
Key
market players in the global canned wine market include:
- E.
& J. Gallo Winery
- Union
Wine Company
- Constellation
Brands Inc.
- SANS
Wine Co.
- Integrated
Beverage Group LLC
- The
Family Coppola
- Sula
Vineyards Pvt. Ltd.
- The
Canned Wine Company
- Treasury
Wine Estates
- Anheuser-Busch
Companies LLC
Also, Treasury Wine Estates is one of the wine companies listed on the
Australian Securities Exchange. Their business is focused on meeting changing
consumer interests worldwide and achieving sustainable growth through
world-class winemaking and brand marketing. The company provides various wines
such as 19 Crimes Seltzer Lime Bitters, 19 Crimes Seltzer Raspberry &
Pepper, etc.
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"The market is still in its early stages, and significant players intend to introduce their products in response to the gradually changing preferences of consumers. Wine producers strive to make products that cater to their customers' changing tastes and preferences or that complement their nutritional and health needs. A differentiated brand that is pertinent to and focused on consumers and trends has a better chance of succeeding than those that seem to be mass-produced.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Canned
Wine Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027F Segmented By Product Type (Sparkling Wine, Fortified Wine, Red Wine,
and Others), By Distribution Channel (Supermarkets/Hypermarkets, On Trade,
Specialist Retailers, Online, Others), By Alcohol Content (Low, Medium, High),
By Region”, has
evaluated the future growth potential of the global canned wine market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in canned wines
globally.
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