Market Highlights

Canned beverages or canned drinks are processed beverages packed into airtight containers known as cans. Canned beverages are becoming more accessible to the customers as more and more retailers are increasing the product range placed on their shelves. Such beverages are witnessing a surging demand among the millennials as cans are bold, offer vibrant 360 degree designs that appeal millennials, and ensure product quality & taste. According to The Aluminium Association, more than 500 craft beer brewers offer more than 1,700 different beers packed in aluminium cans. Moreover, after successful launch of canned energy drink Red Bull in 1997, the global canned beverages market has been witnessing the entry of several new players from energy drinks market. Thus, the global canned beverages market is a flourishing market with intense competition among the key players.

Key Players

Some of the key players in the global canned beverages market are PepsiCo (US), The Coca-Cola Company (US), Keurig Dr Pepper Inc. (US), RED BULL (Austria), Del Monte Fresh (US), E. & J. Gallo Winery (US), The Boston Beer Company (US), Left Hand Brewing Co. (US), Precept Wine (US), and The Family Coppola (US).

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Market Segmentation:

The global canned beverages has been segmented on the basis of type, distribution channel, and region.

The global canned beverages has been divided, by type, into alcoholic beverages, and non-alcoholic beverages. The non-alcoholic beverages segment is further bifurcated into carbonated soft drinks, fruit & vegetable juices, and others.

By distribution channel, the global canned beverages has also been segregated into store based and non-store based. The store based segment has further been segregated into hypermarkets & supermarkets, convenience stores, and others.

Regional Analysis

The global canned beverages market has been segmented by region, into North America, Europe, Asia-Pacific, and Rest of the World.

North America is projected to gain dominance in the global canned beverages market as it harbors several small-, medium-, and large-sized market players. In addition, the rising environmental concerns in the region is propelling consumers to opt for canned beverages as they are recyclable. Thus, canned beverages are witnessing a promising growth in the regional market.

Asia-Pacific canned beverages is projected to be the grow with the fastest growth rate during the forecast period due to the changing lifestyle of people, surging demand for ready-to-drink beverages, and increasing focus of market players in Asia-Pacific.

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