How Has the Canned Alcoholic Beverages Market Size Evolved in Recent Years?
The canned alcoholic beverages market has seen considerable growth due to a variety of factors.
• The market size for canned alcoholic drinks has experienced significant growth over recent times. Its expansion from $7.94 billion in 2024 to a projected $8.98 billion in 2025 represents a compound annual growth rate (CAGR) of 13.2%.
This growth over the historic period was fueled by factors such as outdoor and recreational use, shifting consumer tastes, strategic marketing and branding, innovation in flavors and varieties, retail growth, and the rising popularity of craft canned beverages.
What is the Forecasted Market Size and CAGR for the Canned Alcoholic Beverages Market?
The canned alcoholic beverages market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of canned alcoholic beverages is projected to experience a swift rise in the approaching years, expanding to $15.33 billion in 2029 with an annual growth rate of 14.3%.
This predicted growth can be ascribed to factors such as premiumization, wider demographic appeal, increasing prominence of hard seltzers, changes in regulations, societal acceptance, and worldwide economic elements. Forecasted trends for the period include ready-to-drink cocktails, focus on sustainability and environmentally friendly packaging, innovative flavor mixtures, options low in calories and sugar, unique collaborations and limited editions, and growth in online retail and direct-to-consumer sales.
Which Drivers Are Accelerating Growth In The Canned Alcoholic Beverages Market?
The growing need for convenient, ready-to-consume food and drinks is set to fuel the canned alcoholic beverages market's expansion. These are pre-cleaned, pre-cooked edibles and beverages that can be consumed without additional cooking. The surge in demand for such products invariably spikes the interest in canned alcoholic beverages as well. To illustrate, as per Monster Beverage Corporation, a US firm making energy drinks, the net sales for their Monster Energy Drinks segment in February 2023 recorded a 2.6 percent increase, reaching $1.39 billion in the last quarter of 2022 as against $1.35 billion in the same quarter in the preceding year. As such, it is projected that the escalating demand for ready-to-eat food and drinks will contribute to the canned alcoholic beverages industry's growth.
What Are The Principal Market Segments In The Global Canned Alcoholic Beverages Healthcare Industry?
The canned alcoholic beverages market covered in this report is segmented –
1) By Product: Wine, RTD Cocktails, Hard Seltzers
2) By Alcoholic Content: High, Medium, Low
3) By Distribution Channel: On-Trade, Liquor Stores, Online, Other Distribution Channels
Subsegments:
1) By Wine: Red Wine, White Wine, Rosé Wine, Sparkling Wine, Dessert Wine
2) By RTD Cocktails (Ready-To-Drink Cocktails): Classic Cocktails, Specialty Cocktails, Low-Calorie Cocktails
3) By Hard Seltzers: Flavored Hard Seltzers, Unflavored Hard Seltzers, Hard Seltzer Wth Added Ingredients
Pre-Book The Canned Alcoholic Beverages Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Canned Alcoholic Beverages Market?
Strategic alliances and cooperative efforts are main factors gaining traction in the canned alcoholic drinks market. Producers of canned alcoholic beverages are tactically involving themselves in partnerships and corroborations to expand their product range and services. In an example from July 2022, Diageo, a UK-based alcoholic beverage company, cooperated with Vita Coco Company, a US-based entity, to introduce a fresh line of high-end canned cocktails that blend Captain Morgan rum with Vita Coco coconut water, thereby enhancing the reputation of both brands. This arrangement permits Vita Coco to penetrate the alcoholic drinks market while at the same time augmenting Diageo's hold in the ready-to-consume sector, leveraging the best features of both brands. Further, the use of coconut water as a mixer distinguishes their product in a competitive environment, catering to the tastes of consumers longing for refreshing and handy cocktail options.
Who Are the Key Players in the Canned Alcoholic Beverages Market?
Major companies operating in the canned alcoholic beverages market include:
• Anheuser-Busch Companies LLC
• Heineken N.V.
• Asahi Group Holdings Ltd.
• Suntory Holdings Limited
• Diageo plc
• Kirin Holdings Company Limited
• Pernod Ricard
• Carlsberg Group
• Molson Coors Beverage Company
• Constellation Brands
• Bacardi Limited
• Brown-Forman Corporation
• The Boston Beer Company
• Treasury Wine Estates
• Stone Brewing Co.
• CANarchy Craft Brewery Collective
• Kona Brewing Co.
• Brooklyn Brewery
• Avery Brewing Company
• 21st Amendment Brewery
• E. & J. Gallo Winery
• Union Wine Company
• Integrated Beverage Group LLC
• Cigar City Brewing
• Barefoot Cellars
• Oskar Blues Brewery
What are the Regional Insights into the Canned Alcoholic Beverages Market?
North America was the largest region in the canned alcoholic beverages market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned alcoholic beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
