New York, According to a new market research report published by Global Insight Services “Canned Wines Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Canned wine is a wine that has been packaged in a can instead of a bottle. It is a growing trend in the United States, with sales increasing by over 50% in the past year. There are a number of reasons why canned wine is becoming more popular. It is convenient and easy to transport, it is often less expensive than bottled wine, and it has a smaller carbon footprint.
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Key Trends
The canned wine industry is seeing a number of key trends emerge in terms of technology.
One of the most notable trends is the increasing use of alternative packaging materials such as TetraPak and PET plastic. This is in response to the growing environmental concerns over the use of traditional glass bottles.
Another key trend is the increasing use of screw top closures. This is seen as a more convenient and user-friendly option compared to the traditional cork closure.
Finally, there is a trend towards the use of lighter-weight cans. This is being driven by the need to reduce the carbon footprint of the canned wine industry.
Key Drivers
There are numerous factors that are driving the canned wine market.
The first and foremost factor is the changing consumer preferences. Millennial consumers are more inclined towards canned wine as compared to traditional wine bottles.
The other key drivers of the canned wine market include the growing popularity of wine among young consumers, the increasing disposable incomes, and the growing number of women drinkers.
Market Segments
The canned wines market is segmented by product, distribution channel, and region, By product, the market is classified into sparkling, fortified, and others. On the basis of the distribution channel, it is bifurcated into supermarkets, hypermarkets, online, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global canned wines market includes players such as E & J Gallo, The Wine Group, Treasury Wine Estate, Castel Freres, Accolade Wines, Total Together, FeCoVitA Coop, Grupo Penaflor, Constellation Brands, Union Wine Company, and others.
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Reasons to buy Canned Wines Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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