Global Canned Wine Market

Canned Wine Market Size, Share, Growth Analysis, By Product(Sparkling, Fortified, Others), By Distribution Channel(Supermarket & Hypermarket, Online and Other Stores), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30E2033 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 74

Canned Wine Market Competitive Landscape

  • The market is still in its adolescence, and major players plan to launch their products in reaction to the gradual shift in consumer preferences. Wine producers strive to make products that cater to the evolving preferences and hobbies of their customers or that complement their dietary and health requirements. A differentiated brand that is relevant to and aimed at specific consumers and trends has a better chance of succeeding than those that seem to be mass-produced. For instance, in April 2021, Molson Coors Beverage Corporate entity announced the launch of its new range of canned wine spritzers under the brand name "Movo" in the U.S. market. Blood Orange Sangria, Raspberry Rosé, and Peach White Mix are the flavors of the product that are offered. Global brand awareness is increased by such product launches.

Top Player’s Company Profiles

  • E & J Gallo Winery
  • Union Wine Company
  • SANS WINE CO
  • The Wine Group LLC
  • Precept Wine Brands LLC
  • Underwood Wines, LLC
  • Infinite Monkey Theorem
  • House Wine
  • Alloy Wine Works
  • Francis Ford Coppola Winery
  • West + Wilder
  • Bridge Lane Wine
  • Unionville Vineyards
  • WineSociety
  • Amble + Chase
  • Nomadica Wine
  • Backpack Wine
  • The Drop Wine
  • The Infinite Monkey Theorem

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Global Canned Wine Market size was valued at USD 241.5 million in 2021 and is poised to grow from USD 272.9 million in 2022 to USD 725.48 million by 2030, growing at a CAGR of 13% in the forecast period (2023-2030).

Top Player’s Company Profiles 'E & J Gallo Winery', 'Union Wine Company', 'SANS WINE CO', 'The Wine Group LLC', 'Precept Wine Brands LLC', 'Underwood Wines, LLC', 'Infinite Monkey Theorem', 'House Wine', 'Alloy Wine Works', 'Francis Ford Coppola Winery', 'West + Wilder', 'Bridge Lane Wine', 'Unionville Vineyards', 'WineSociety', 'Amble + Chase', 'Nomadica Wine', 'Backpack Wine', 'The Drop Wine', 'The Infinite Monkey Theorem'

Consumers can utilize wine in cans as an easy-to-transport and practical packaging solution, especially for outdoor activities, picnics, and events. It is the best option for drinking while on the road as it does not need wine glasses or corkscrews.

The canned wine market is anticipated to expand at a healthy rate because there are numerous applications and advantages it offers for consumers all over the globe. Consumer preferences for canned wines are quickly replacing those for standard packaged beverages or wine due to their mobility, convenience when traveling, and other aspects. This is what is driving canned wine sales during the projection period, and the major demographics displaying it are the working class and young millennials.

North America earned the largest share in the global canned wine market with a revenue share of more than 53%. The region is further anticipated to grow at a steady CAGR due to high product demand. The majority of consumers are embracing canned wines more and more due to their comfort and mobility during travel and activities. Also, compared to glass bottles and other forms of packaging, aluminum cans offer a number of noteworthy advantages.

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Global Canned Wine Market

Report ID: SQMIG30E2033

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