Since cans come more handy, compact, and travel-friendly for customers, canned alcoholic beverages are rising in acceptance amongst consumers. Furthermore, in comparison with glass bottles, metal cans come cheaper and have a far better rate of recycling, which is likely to boost demand in the global canned alcoholic beverages market in the near future.
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The hard seltzers have been one of most popular products in the market and their market dominance is likely to continue in the years to come. Hard seltzers are basically carbonated water-based beverages that are often flavored with alcohol or fruits. Due to their low alcohol level, they have proven to be quite popular amongst the millennials. Low pricing and widespread availability of hard seltzer are expected to enhance sales in the forthcoming years.
Hassle-free Consumption Together with Availability of Varieties of Canned Beverages are Likely to Drive Growth
Canned alcoholic beverages refer to those ready-to-drink drinks that don’t require any mixing. All of these drinks are pre-mixed and come in a wide variety of flavors. The global canned alcoholic beverages market is likely to develop rapidly due to the simplicity of consumption associated with these beverages. Owing to the convenience as well as simplicity of packaging, the market is likely to expand rapidly in the years to come. All these factors point towards a healthy market for canned alcoholic beverages.
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There are many types of canned alcoholic beverages available in the market. Ready to drink or RTD cocktails come in malt-based or wine-based or spirit-based forms, hard seltzers come in spirit-based or wine-based, or malt-based or sugar-based forms, and wine. Wine also comes in different forms, which are fortified, sparkling, still, or in low-alcohol form. All these are the many types of canned alcoholic beverages. Internet, on-trade, liquor stores, and various other avenues are used to sell these beverages to customers. Availability of such wide range of sales platforms are likely to work in favor of the global canned alcoholic beverages market in the years to come.