Canned Beverages Market Trends, Regional Outlook, Growth, Key Players (PepsiCo, The Coca- Cola Company, Keurig Dr Pepper Inc.) with Increasing Demand

Market overview 

Canned beverages are processed beverages that are packed in airtight cans that are light in weight and are recyclable. These canned beverages can be quickly chilled. They offer a shiny metal canvas that not only protects the flavour and integrity of beverage, but also gives a unique place for printing something on. These cans are made from aluminium and that can be recycled with the rising number of health-conscious consumers and the increasing awareness among the people about the health nutrients in food and beverages. 

The increased adoption of the smaller can size and the different types of the drinks introduced in the market are increasing the use of canned goods. The canned beverages are now available in different shapes and sizes, with the increasing demand and supply among the consumers. The rising consumption of canned beverages is, however, leading to the use of single-use plastics that is pulling back the growth rate of the global canned beverages market.

With the introduction of attractive cans, the global canned beverages market has seen a surge in the past few years. Moreover, the government intervention in the banning of the use of plastic that is affecting the environment at a faster rate has also driven the growth of aluminium canned beverages that are easily recyclable and do not have an adverse effect on the health of the consumers and the surrounding environment. 

Competitive Landscape

The prominent key players in the canned beverages market outlook are the following:

• PepsiCo
• The Coca- Cola Company
• Keurig Dr Pepper Inc.
• RED BULL
• Del Monte Fresh
• J. Gallo Winery
• The Boston Beer Company
• Precept Wine
• The Family Coppola
• Left Hand Brewing Co.

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Market segmentation

The global canned beverages market has been rapidly increasing with the growing number of consumer preferences and has increased the need for the growth of the canned beverages market at a global level, regional level and company level. The overall market has been segmented based on the type and distribution channels. The type division of the global canned beverages market has been done as:

• Non-alcoholic beverages
• Alcoholic beverages

The non-alcoholic beverages segmented can be further subdivided into:

• Fruit and vegetable juices
• Carbonated soft drinks
• Others

And based on the distribution channel, the global canned beverages market can be classified into:

• Non-store based 
• Store based

The store segment can be further split into:

• Convenience stores
• Hypermarkets and supermarkets
• Others

Regional analysis 

The global canned beverages market has been studied based on the major key regions that includes North America (Canada, US, Mexico), Europe (Germany, UK, Italy, Spain, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, Australia, New Zealand, and the rest of Asia-Pacific) and the regions of Middle East, South America and Africa. The region of North America is expected to garner the largest share in the canned beverages market for the forecast period till 2023. The surging consumption of canned beer in the US is also significantly contributing to the growth rate of the global market. The Asia-Pacific will also register a fast growth in the forecast period due to the penetration of the market players in the Asia-Pacific region. 

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Industry news

eMAG, Romania’s biggest online retailer, has added a new category of products to its offer, mostly beverages. This retailer company has announced that it would make available for its clients 1,000 products in the beverages segment. Mostly, the eMAG company used to sell beverages only from the third party suppliers.

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