PUBLISHER: SkyQuest | PRODUCT CODE: 1636870
PUBLISHER: SkyQuest | PRODUCT CODE: 1636870
Global Canned Wine Market size was valued at USD 272.9 million in 2023 and is poised to grow from USD 308.65 million in 2024 to USD 826.36 million by 2032, growing at a CAGR of 13.1% during the forecast period (2025-2032).
The market for portable, single-serve beverages is rapidly growing, fueled by consumers' increasing preference for convenience and cost-effective options amid busy lifestyles. The demand for ready-to-drink products has surged, particularly post-COVID-19, with off-premise sales of beer, flavored malt beverages, and cider rising by 25% in 2021. Canned wine is gaining popularity for its portability and ease of cold storage, making it ideal for outdoor activities like camping and fishing. Additionally, consumers are shifting towards sustainable alternatives, preferring organic, nutritious options with eco-friendly packaging. Aluminum cans, being lightweight, cheaper, and easier to recycle compared to plastic, are set to drive growth in this sector. The trend towards outdoor recreation is further elevating the demand for convenient bottled beverages.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Canned Wine market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Canned Wine Market Segmental Analysis
Global Canned Wine Market is segmented by Product Type, Package Size, Alcoholic Content, Distribution Channel and Region. Based on Product Type, the market is segmented into Sparkling Wine and Still Wine. Based on Package Size, the market is segmented into Up to 300 ml, and Above 300 ml. Based on Alcoholic Content, the market is segmented into Low Alcohol, Medium Alcohol and High Alcohol. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retailers, Specialty Stores and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Canned Wine Market
One of the key drivers of the Global Canned Wine market is its convenience. The canning format offers consumers a practical and portable packaging option, making it particularly suitable for outdoor activities, picnics, and social events. This lightweight and easily transportable beverage eliminates the need for traditional accessories like wine glasses or corkscrews, allowing for a hassle-free drinking experience on the go. As a result, canned wine has gained popularity among those looking for a more accessible way to enjoy their favorite drinks while traveling or engaging in leisure activities. This trend reflects a growing demand for convenient, ready-to-drink wine options.
Restraints in the Global Canned Wine Market
One of the key restraints affecting the global canned wine market is the prevailing quality perception among consumers. Many individuals still link canned wine with inferior quality, which hinders its growth potential and acceptance in the mainstream market. This perception poses a challenge for brands aiming to promote canned wine as a viable alternative to traditional bottled options. However, there is potential for change in this mindset as an increasing number of premium canned wines become available, which could lead to a gradual shift in consumer attitudes and greater market acceptance over time.
Market Trends of the Global Canned Wine Market
The Global Canned Wine market is poised for significant growth, driven by evolving consumer preferences that favor convenience and portability over traditional packaging. As lifestyles become increasingly fast-paced, the demand for ready-to-drink options continues to surge, particularly among millennials and working professionals who value the ease of enjoying quality wine on-the-go. This trend is reinforced by the appeal of canned wine's eco-friendly packaging and diverse flavor offerings that cater to a range of palates. As a result, the canned wine market is anticipated to flourish, reflecting a fundamental shift in how consumers approach wine consumption in various settings.