Canned Beverages Market Outlook: Regional Growth, Competitor, and Forecast 2030
Canned beverages Market overview
The global canned beverages market size for was
projected at USD 53.28 billion in 2022 and is valued to expand at a compound
annual growth rate of 5.4% from 2022 to 2030. The ultimatum for highly portable
and superior packaging solutions for prevention from the external environment is
mainly coming up with market growth. The ultimatum for canned beverages is
projected to be fueled by the increasing consumption of non-alcoholic,
health-conscious customers.
However, the introduction of fruit juices and
sports drinks combined with the increasing consumption of ready-to-drink
products in can packaging is valued to benefit the canned beverage market. The
USA is the biggest market for beverage cans with the largest per capita can
consumption in the globe.
The global canned beverage market has observed
uninterrupted product innovations due to the strong presence of primary
companies in the UAS, such as Ball Corp. The superior physical characteristics
of metals over their counterparts are also calculated to boost the market
growth during the anticipated period. These properties include high
malleability, ease of labelling and printing on metal surfaces, and design.
With the growing health consciousness among
customers globally, beverage manufacturers are also developing and innovating products
with a focus on natural, and low sugar ingredients, such as stevia, in their
products. This is aimed at attracting a growing number of health-conscious
consumers.
Key Players
Some of the key players in the global canned
Beverages market manufacturers 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).
Segmentation
The global canned beverages market is segmented on
the basis of material type, which includes aluminum, steel, and PET. Based on
beverage type the market is categorised as alcoholic beverages, non-alcoholic
beverages, and water. Further, the canned
beverages market outlook has been segmented into structures, such as 2-piece cans and 3-piece cans.
Non-alcoholic beverages are mainly composed of
carbonated soft drinks with carbonated water, vapor, color, and preservatives.
Non-alcoholic energy or sports drinks contain carbohydrates in the form of
sugar, proteins, vitamins, electrolytes, and caffeine and are now being largely
consumed.
Regional classification
On the basis of area, the market has been
categorised into North America, Europe, South America, Asia Pacific, and the
rest of the world. Countries like Canada and Mexico come under the region of North
America. India, China, Japan, South Korea, and Thailand are some of the nations
that fall under the regional territory of the Asia Pacific.
For global canned
beverage market insights, Asia Pacific is one of the
"coming out" regions. Countries such as China and India are
considered for the purpose of the study. Hence, the growth of the market is
projected to be high in this region.
Industry news
Major companies are entering the Asia Pacific
region by developing new manufacturing plants. This has led to an increase in
the canned beverage market across the world. Urbanization, high industrial
growth, high expendable income, and lower production of fresh foods and
beverage products are boosting the growth of processed food and beverage
products, constantly driving the ultimatum for beverage cans in this segment.
The main players in this market include Crown Holdings Inc. and Ardagh Group
SA.
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