Canned Cocktails Market is Expected to Witness Healthy Growth at 20% CAGR through 2030
In 2020, the canned cocktail market will be worth more than US$ 25 billion, and it is expected to grow at a CAGR of more than 20% over the forecast period of 2020-2030. As the COVID-19 epidemic has had a severe impact on most industries, from wholesale distributors to retail outlets, including the manufacturing industry, supply shortages of canned cocktails have arisen.
Over a hundred organisations from seven different locations have exhibited their canned drink line in the last decade. Diageo PLC, Anhauser-Bosch InBev, Duvel Moortgat USA Ltd., and others are among the pioneers. Furthermore, industry participants are focusing on keeping good relationships with sellers and providers in order to ensure that their clients have continual access to the items they require. These factors will contribute to the growth of the canned cocktail market in the approaching years.
Canned Cocktails Market: Segmentation
Fact.MR’s study has done the segmentation of the canned cocktails market on the basis of the primary ingredient, additive ingredient, can size, alcoholic content, distribution channel, and region.
Primary Ingredient
- Malt-based
- Spirit-based
- Wine-based
- Others
Additive Ingredient
- Alcoholic
- Non-alcoholic
- Fruits
- Caffeine
- Others
Can Size
- Less than 250 ml
- 250 – 350 ml
- More than 350 ml
Alcoholic Content
- Less than 5%
- 5-8%
- More than 8%
Distribution Channel
- Liquor Stores
- Hypermarkets
- Retail Stores
- Online Channels
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
The Analyst’s Point of View
“The COVID-19 pandemic has had a significant impact on the Asia Pacific and European economies. Due to the Chinese government’s closure of all hotels, restaurants, and cafes, demand for beverages, particularly canned beverages, has decreased. Several firms are experiencing difficulties in receiving raw materials from China as a result of the country’s sluggish industrial activity.”
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