The Canned Alcoholic Beverages Global Market Report 2023 by The Business Research Company, provides canned alcoholic beverages market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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As detailed in The Business Research Company’s illuminating Canned Alcoholic Beverages Global Market Report for 2023, the global landscape of canned alcoholic beverages has experienced noteworthy expansion, surging from $6.29 billion in 2022 to an impressive $7.14 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 13.5%. However, the shadow of the Russia-Ukraine war looms large over the global economic recovery in the short term, with ramifications including economic sanctions, commodity price hikes, and supply chain disruptions, fostering inflation across goods and services worldwide. Despite these challenges, the market size for canned alcoholic beverages is poised to scale new heights, reaching $12.05 billion by 2027, propelled by a robust CAGR of 14.0%.

This optimistic trajectory is underpinned by the burgeoning demand for ready-to-eat food and beverages, a driving force that augurs well for the canned alcoholic beverages market. The term "ready-to-eat" encompasses pre-cleaned and pre-cooked food and beverages designed for consumption without the need for prior cooking. This growing preference for hassle-free consumption aligns with an increased affinity for canned alcoholic beverages. An insightful study by the Distilled Spirits Council, a prominent United States national trade association, revealed a staggering 42.3% global increase in the consumption of ready-to-drink (RTD) cocktails in 2021. This undeniable surge underscores the symbiotic relationship between the escalating demand for ready-to-eat food and beverages and the flourishing market for canned alcoholic beverages. The anticipated continuation of this trend positions the latter as a pivotal player in the evolving landscape of consumables, shaping the future dynamics of the global beverage market.

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The canned alcoholic beverages market is segmented:

1) Canned Alcoholic Beverages Market By Product: Wine, RTD Cocktails, Hard Seltzers

2) Canned Alcoholic Beverages Market By Alcoholic Content: High, Medium, Low

3) Canned Alcoholic Beverages Market By Distribution Channel: On-Trade, Liquor Stores, Online, Other Distribution Channels

The canned alcoholic beverages market is witnessing a prominent surge in the adoption of strategic partnerships and collaborations, representing a pivotal trend in the industry. Manufacturers of canned alcoholic beverages are strategically aligning themselves through partnerships and collaborations, a strategic maneuver aimed at enhancing the scope of their products and services. An exemplary instance occurred in January 2021 when Diageo, a distinguished UK-based beverage company renowned for its production of canned alcoholic beverages, wine, beer, and spirits, forged a global partnership with 12 prominent e-commerce platforms and online retailers. This strategic alliance aimed to establish a robust online presence for the sale of alcoholic beverages, underscoring the industry's adaptability to evolving consumer preferences.

Likewise, in November 2021, Bacardi, a prominent spirit company headquartered in Bermuda, a British island territory, entered into a strategic partnership with Thirstie, a technology company based in the United States. Thirstie specializes in connecting beverage alcohol brands with consumers. This collaboration brought forth the introduction of Bacardi e-gift cards into the market, featuring the diverse portfolio of premium spirit brands offered by Bacardi. This collaborative effort not only exemplifies a strategic approach to market penetration but also showcases a commitment to leveraging technology for enhanced consumer engagement. As the canned alcoholic beverages market continues to evolve, these strategic alliances not only broaden the market landscape but also serve as a testament to the industry's proactive response to changing market dynamics and consumer preferences.

The canned alcoholic beverages market report table of contents includes:

1. Executive Summary

2. Canned Alcoholic Beverages Market Characteristics

3. Canned Alcoholic Beverages Market Trends And Strategies

4. Canned Alcoholic Beverages – Macro Economic Scenario

5. Canned Alcoholic Beverages Market Size And Growth

.......

26. Africa Canned Alcoholic Beverages Market

27. Canned Alcoholic Beverages Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Canned Alcoholic Beverages Market

29. Canned Alcoholic Beverages Market Future Outlook and Potential Analysis

30. Appendix

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