Canned Beverages Key Market Players by Regional Growth, and Forecast to 2030
Canned beverages market Overview
The global market size for canned beverages was projected at
USD 53.28 billion in 2030 and is valued to expand at a compound annual growth
rate of 5.10% from 2023 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.
The global canned
beverages market has observed uninterrupted product innovations due to the
strong presence of primary companies in the UAS, such as Ball Corp. The
supercilious physical characteristics of metals over their counterparts are
also calculated to boost the market growth during the anticipated period. These
properties include high malleability, easy labeling and printing on metal
surfaces, and design.
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.
With the growing health consciousness among the 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 to attract a grown number of health-conscious
consumers.
Key Players
Some of the global canned
Beverages key market players 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 overview is segmented on
the basis of material type, which includes aluminum, steel, and PET. Based on
beverage type, the market is classified as alcoholic beverages, non-alcoholic
beverages, and water. Further, the market 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 region, the canned beverages market size
classified 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.
The Asia Pacific is one of the `coming out" regions for
the global canned beverages market. 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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