The Growing Use of Canned Alcoholic Beverages Presents New Opportunities
The canned alcoholic beverages market has seen rising popularity in recent years driven by convenience, portability and premiumization trends. Canned beers, hard seltzers, hard ciders and pre-mixed cocktails are outpacing growth in traditional alcoholic drinks. The global canned alcoholic beverages market is estimated to be valued at US$ 7.94 billion in 2024 and is expected to exhibit a CAGR of 14% over the forecast period from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Competitive Landscape: Major players in the global canned alcoholic beverages market include Diageo plc, Brown-Forman, Pernod Ricard, Bacardi Limited, Suntory Holdings Limited, Asahi Group Holdings, Ltd., Anheuser-Busch InBev, E. & J. Gallo Winery, Constellation Brands, Inc., Treasury Wine Estates, Barefoot Cellars, and Kona Brewing Co. These companies account for a significant share of the market. Market Trends Some of the key trends in the canned alcoholic beverages m...