Canned Beverages Market Business Strategies Ensure Long-term Success During Forecast Period
Research Reports
Apr 14, 2022
Market Highlights
Market Research Future (MRFR) analysed the canned beverages market 2020 through the evaluation period till 2023. The increase in the availability of air-tight canned drinks offering high convenience to consumers can support the rise of the canned beverages market in the assessment period. Canned beverages are easily available on convenient stores. Moreover, the effortless accessibility of beverages via online solutions can support the canned beverage market expansion in the approaching years. The availability of effective packaging solutions to improve shelf life of carbonated drinks can impact the rise of the market through the review period. The wide range of beverages available in different bases and flavours, along with the growing preference for certain types of canned beverages can support the expansion of the canned beverage market in the years to come.
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Segment Assessment
The segment assessment of the canned beverage market is done by type and distribution channel.
The type based segment of the global canned beverages market are non-alcoholic beverages and alcoholic beverages. The non-alcoholic beverages sub-segments are fruit & vegetable juices, and carbonated soft drinks among others. The alcoholic segment is anticipated to secure the largest share in in the worldwide canned beverages market. The increase in the global consumption of alcoholic-based drinks can contribute significantly to the rise of the canned beverage market. The rise in the consumption of canned wine can accelerate the expansion of the market in the review period. In non-alcoholic segment can rise at a considerable pace as change in consumers’ preference towards non-alcoholic beverages, such as; carbonated soft drinks, fruit juices, and ready-to-drink tea is observed.
The distribution channel based segment of the global canned beverages market are non-store based and store based. The store based sub-segment are convenience stores, and hypermarkets & supermarkets among others. The store based segment can hold a decent share of the canned beverages market due to the growing demand for the rise in ready-to-drink beverages. The easy accessibility of canned beverages across multiple supermarkets and hypermarkets, along with convenience stores can cause the non-store based segment to thrive in the years ahead. The expansion of the segment can also be attributed to the rise in the utility of e-commerce platforms for the sales of food and beverages.
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Regional Analysis
Trends of the canned beverages market is analysed for these regions; Europe, North America, APAC, and the Rest of the World (RoW).
In North America, the presence of numerous SMEs dealing in beverages, along with increased number of large-scale F&B dealers can support the rise of the regional market across the assessment period. The increase in concern about environmental and the introduction of eco-friendly packaging solution for cans can contribute to the promotion of the market across the analysis period. The increase in the consumption of canned beverage by the US populace can cause the region to head North America canned beverages market. In EU, the recyclability feature of canned beverage market is contribute largely to the rise of the canned beverages market. In MEA, the canned beverages market can rise at a steady pace as changing lifestyle of people is observed to create rise in the demand for ready-to-drink beverages.
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Key Players
MRFR profiled, The Boston Beer Company (US), PepsiCo (US), Keurig Dr Pepper Inc. (US), The Coca-Cola Company (US), RED BULL (Austria), E. & J. Gallo Winery (US), Del Monte Fresh (US), Precept Wine (US), Left Hand Brewing Co. (US), and The Family Coppola (US) as some reputed players in the worldwide canned beverages market.
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