Report Description
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:
Definition
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.
Market Drivers
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.
Market Restraints
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.
Opportunities
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.
Trends
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.
Segment Covered:
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:
q Sparkling
q Fortified
q Others
By Distributional Channel the global Canned
Wines Market has been divided into:
q Off-Trade
q On-Trade
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.
Report Highlights:
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.
Sula Vineyards
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.
Salient Features:
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:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Canned Wines Market
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