A recent market intelligence report that is published by Data Insights Partner on the global Canned Wines Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Canned Wines Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Canned Wines Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Canned Wines Market is offered. In accordance with the report, the global Canned Wines Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Wine is a hard alcoholic drink that is generally consumed in social gatherings and parties. The rigidity associated with the portability of glass wine bottles has led to the introduction of canned wines. Canned wine bottles are also durable. These products are a small can comprising of lower quantities of wine. But the experience obtained from the consumption of canned wine is similar to that of bottled wine. They are available in a variety of flavors. The lack of necessity of openers and carrying glass bottles is the chief benefit of canned wine.
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The preference of consumers for convenient ways of wine consumption is providing the initial impetus to this market. The surge in socialization and vacation mode among the population is driving the growth of this market. The rising events of social gatherings, camping, house parties and outdoor parties are positively influencing the canned wines market.
The containers of canned wines are metal cans. These does not break easily and are more compact and transportable. This fact makes them as good replacement for glass container which is fueling the consumption and market for canned wines.
The cost effectiveness of utilizing canned wines is charging the growth of this market. Canned wines are moderately priced as compared wines in glass bottles which is bolstering the growth of the canned wine market.
Surging environmental concerns and the stringent regulation of the government across the globe with regard to environmental conservation are positively influencing this market. These products are ecofriendly and the rate of recycling the packages of canned wines are lower than that of glass packages.
A surge in outdoor activities like RV camping, fishing, hiking, overnight camping and other outdoor activities coupled with the increasing involvement of the youth in these activities are augmenting the growth of the canned wines market.
Rising Health awareness among the consumers and the reduction in the consumption of alcoholic drinks and hard drinks is restraining the growth of the canned wine market.
Hard and Fast directives of the government and other regulatory bodies aimed at governing the canned wine market is hindering the growth prospects of this market.
The lack of awareness with regard to the availability of canned wine and the lack of visibility of these products especially in the developing region and less developed economies is hampering the growth of the canned wines market.
The popularity of canned wines has motivated the leading players operating in this market to innovate new products that cater to the needs of the health-conscious consumer. The introduction of diet wines is going to provide lucrative opportunity owing to its low-calorie products.
The super-cool and classic packaging of the canned wines are attracting a lot of consumers including the youth population and the millennials. The younger generation are more attached to aesthetic pleasures like good looks, advertisement by celebrities.
The diversification of the product portfolio complementary to the leading players research and development in this scenario is expected to provide a good scope to this market.
At present North America region is a significant player in the canned wine market. The North American region is expected to continue its domination in this market owing to the surging recreational activities, rising involvement of the population in camping activities, and alternative standards of living are some of the factors attributable to the canned market growth in this region. The Asia Pacific region is projected to be the fastest growing region in the forecast period. This growth can be traced back to the increasing incidences of parties and social gatherings due to escalating middle income groups, and the location of some of the leading players and their research and development in this market in this region. The online retail based distributional channel is estimated to witness the fastest growth in this region. Sparkling Canned Wine is expected to dominate the market of canned wine in the forecast period.
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This market intelligence report on the global Canned Wines Market encompasses market segments based on product type, distributional channel and country.
By Product Type the global Canned Wines Market has been divided into:
By Distributional Channel the global Canned Wines Market has been divided into:
q Online Retail Store
By country/region, the global Canned Wines Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Sula Vineyards
q Integrated Beverage Group
q E & J Gallo
q The Wine Group
q Treasury Wine Estate
q Castel Freres
q Total Together
q Constellation Brands
q Accolade Wines
q Grupo Penaflor
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Canned Wines Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Integrated Beverage Group
In March 2020, the announcement with regard to the acquisition of Ransom Wine Co & Distillery was made by Integrated Beverage Group.
In February 2020, Dia Red Wine Sparkler was launched by Sula Vineyards. Sule Vineyards is an Indian Enterprise that has a significant operation accounting to 60% of the Indian Wine Market.
Ø This study offers comprehensive yet detailed analysis of the Canned Wines Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Canned Wines Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Canned Wines caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Canned Wines Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Canned Wines Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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