Global Canned Wine Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Sparkling Wine, Fortified Wine, and Still Wine), Color (Red, Rose, and White), Distribution Channel (Hypermarket/Supermarket, Specialty Stores, and On Trade), and R

Global Canned Wine Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Sparkling Wine, Fortified Wine, and Still Wine), Color (Red, Rose, and White), Distribution Channel (Hypermarket/Supermarket, Specialty Stores, and On Trade), and Regions (North America, Asia Pacific, Europe, and Latin America Middle East and Africa)

Market Overview:

Wine is an alcoholic beverage which mainly made from the fermented juice of grapes. There are also a few fruit wines, or country wines, that are made from fermented fruits. However, wine in the conventional/traditional sense is produced from wine grapes. Wine grapes generally differ from table grapes as wine grapes are smaller, sweeter, and have many seeds. Canned wines are wines packaged in a can. They primarily come in smaller formats than wine bottles, allowing individuals to experience premium wine from unique grape varieties without splurging on a whole bottle.

According to Ken Research Analysis, the Global Canned Wine Market was valued at ~US$ 200 million in 2017. Furthermore, the portability, convenience, and sustainability coupled with canned wines, it is estimated to be ~US$ 350 million in 2022 and is expected to reach a market size of ~US$ 700 million by 2028 growing with a CAGR of ~12% during 2022 to 2028.

The popularity of outdoor leisure activities, such as overnight camping, recreational vehicle (RV) camping, hunting, and trekking has grown in recent years, increasing demand for portable beverages, including canned wine.

The growing consumer inclination toward ready-to-drink products, owing to their hectic work schedules, and busy lifestyles is likely to boost the demand for canned wines.
The meteoric rise of greenhouse gas emissions from the production of aluminum cans may impede the growth of the canned wine market.

The ongoing COVID-19 pandemic has resulted in an unprecedented drop in the global wine trade in 2020, due to the lockdowns imposed by several governments across countries, which have halted wine production. Furthermore, extensive closures of restaurants and bars, as well as the restrictions on socializing have lowered the sales of canned wine.

Scope of the Report

The Global Canned Wine Market is segmented by type, color, and distribution channel. In addition, the report also covers market size and forecasts for the four major regions' in Canned Wine Market. The revenue used to size and forecast the market for each segment is US$ million.

By Type

Sparkling Wine
Fortified Wine
Still Wine
Others

By Color

Red
Rose
White

By Distribution Channel

Supermarket/Hypermarket
Specialty Stores
On Trade
Others

By Region

North America (USA, Canada, and Mexico)
Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
LAMEA (Latin America, Middle East, and Africa)

Key Players

E & J Gallo Winery
The Wine Group
Treasury Wine Estates
Castel Group
Grupo Penaflor
Union Wine Company
Accolade Wines
Canned Wine Co.
FRANCIS FORD COPPOLA WINERY
Sula Vineyards

Key Trends

by Market Segment

By Type:
The Sparkling Wine segment held the largest share of the Global Canned Wine Market in 2021, owing to the rapid socioeconomic changes and fast-paced urbanization, along with the continuous rise in living standards across countries are propelling the demand for sparkling wines.

In May 2020, according to Forbes, a USA-based media company, sparkling wine production has increased by 57% since 2002, with 2.5 billion sparkling wine bottles produced in 2019. Furthermore, sparkling wine is exported significantly more than other wines. Sparkling wine accounts for 19% of Italian wine exports, 14% of French wine exports, and 9% of Spanish wine exports. Although sparkling wines account for only 9% of global exports, they account for 21% of total export value. Additionally, in terms of volume, Italy, France, and Spain account for 85% of global sparkling wine exports in 2018.

The increased consumer preference for bubbly drinks, particularly on special occasions such as Christmas, new year’s, and marriage, has increased the global popularity of sparkling wine.

By Color:
The Red segment held the largest share of the Global Canned Wine Market in 2021, owing to its higher levels of vitamins and minerals, which helps in boosting the immune system.

Red wine is typically cultured with grape skins and seeds, and it is high in phytonutrients that provide numerous health benefits, such as lowering the risk of heart disease, increasing good High-Density Lipoprotein (HDL) cholesterol, easing joint pain, increasing insulin sensitivity, lowering the risk of osteoarthritis, and more.

According to the Journal of Cardiovascular Development and Disease published by the Multidisciplinary Digital Publishing Institute (MDPI), a Switzerland-based publisher of open-access journals, in September 2022, consumption of wine reduced the risk of death from cardiovascular causes.

By Distribution Channel:
The Supermarket/Hypermarket segment held the largest market share of the Global Canned Wine Market in 2021.

The growth is mainly attributed to the availability of a variety of products at lower prices as compared to bars, restaurants, nightclubs, hotels, and other on-trade channels.

The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

By Geography:
North America accounted for the largest share of the Global Canned Wine Market in 2021, owing to the increasing number of households participating in camping as an outdoor recreational activity.

According to the 2022 North American Camping Report conducted by Kampgrounds of America, Inc. (KOA), a USA-based company that offers outdoor hospitality, more than 93.8 million North American households considered themselves campers.

The increased adoption of portable and convenient products by consumers, notably in USA, and Canada during travel and outings is also driving demand for canned wines over bottles.

Competitive Landscape

The Global Canned Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in modern packaging innovations, such as Trebodur Mabeerial, and Eco Rings to substitute traditional materials such as paper and plastics, and the reliance on plastic, which typically pollutes the environment. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players comprise about ~55% of the total competitors, while country-niche players represent ~35% of competitors. Some of the major players in the market include E.&J. Gallo Winery, The Wine Group, Treasury Wine Estates, Castel Group, GRUPO PEÑAFLOR, Union Wine Company, Accolade Wines, Canned Wine Co., Sula Vineyards, Francis Ford Coppola Winery, and among others.

Recent Developments Related to Major Players and Organizations

In May 2022, Accolade Wines introduced a canned format of its existing Hardys VR range of wines in three varietals, including Rosé, Chardonnay, and Shiraz across on- and off-premise channels in the market.

In February 2021, E. & J. Gallo partnered with Alixir Co. (doing business as Bev), a California-based wine supplier, to distribute Bev’s portfolio of premium canned wines across the USA.

CONCLUSION

The global Canned Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of canned wine is the rising living standards across countries, along with the increased social engagements, and adoption of western culture. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

Note:

This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Key Topics Covered in the Report

Snapshot of the Global Canned Wine Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Canned Wine Market
Historic Growth of the Overall Global Canned Wine Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Canned Wine Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Canned Wine Market
Future Market Forecast and Growth Rates of the Total Global Canned Wine Market and by Segments
Analysis of the Global Canned Wine Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

E & J Gallo Winery
The Wine Group
Treasury Wine Estates
Castel Group
GRUPO PEÑAFLOR
Union Wine Company
Accolade Wines
Canned Wine Co.
FRANCIS FORD COPPOLA WINERY
Sula Vineyards

Notable Emerging Companies Mentioned in the Report

Banks Brother
A.G. Barr
Bacardi Limited
Babe
Brown-Forman
Original House Wines
Porch Pounder
14 Hands Winery

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Feedstock Suppliers (Wine Grapes)
Wine Companies
Vineyard Management Companies
Wine International Association (WIA)
World Wine Trade Group
Specialty Wine Retailers Association (SWRA)
National Association of Wine Retailers
Wine Trade Association
Supplier of Chemical Additives for Wines
Metals and Materials Suppliers for Cans
Beverage Cans Manufacturers
Government Ministries and Departments of Food Industry
Food Regulatory Authorities
Alcoholic Beverages Regulatory Authorities
Financial Institutions focused on Wine Industry
PE and VC Firms focused on Wine Industry
Food & Beverages Research Institutes

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

Frequently Asked Questions

What is the Study Period of this Market Report?

The Global Canned Wine Market is covered from 2017-2028 in this report, including a forecast for 2022-2028.

What is the Future Growth Rate of the Global Canned Wine Market?

The Global Canned Wine Market is expected to witness a CAGR of about ~12% over the next 6 years.

What are the Key Factors Driving the Global Canned Wine Market?

The growing consumer inclination toward ready-to-eat and ready-to-drink products, owing to their hectic work schedules, and busy lifestyles.

Which is the Largest Product Type Segment within the Global Canned Wine Market?

The Sparkling Wine segment held the largest share of the Global Canned Wine Market in 2021

Who are the Key Players in the Global Canned Wine Market?

E & J Gallo Winery, The Wine Group, Treasury Wine Estates, Castel Group, GRUPO PEÑAFLOR, Union Wine Company, Accolade Wines, Canned Wine Co., FRANCIS FORD COPPOLA WINERY, Sula Vineyards, and others are the major companies operating in Global Canned Wine Market.

Key Topics Covered in the Report

Snapshot of the Global Canned Wine Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Canned Wine Market
Historic Growth of the Overall Global Canned Wine Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Canned Wine Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Canned Wine Market
Future Market Forecast and Growth Rates of the Total Global Canned Wine Market and by Segments
Analysis of the Global Canned Wine Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Please Note: It will take 5-7 business days to complete the report upon order confirmation.