China Canned Alcoholic Beverages Market Size & Outlook
China canned alcoholic beverages market, 2017-2030 (US$M)
Related Markets
China canned alcoholic beverages market highlights
- The China canned alcoholic beverages market generated a revenue of USD 108.6 million in 2021 and is expected to reach USD 665.7 million by 2030.
- The China market is expected to grow at a CAGR of 22.3% from 2022 to 2030.
- In terms of segment, rtd cocktails was the largest revenue generating product in 2021.
- Hard Seltzers is the most lucrative product segment registering the fastest growth during the forecast period.
Canned alcoholic beverages market data book summary
| Market revenue in 2021 | USD 108.6 million |
| Market revenue in 2030 | USD 665.7 million |
| Growth rate | 22.3% (CAGR from 2021 to 2030) |
| Largest segment | Rtd cocktails |
| Fastest growing segment | Hard Seltzers |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wine, RTD Cocktails, Hard Seltzers |
| Key market players worldwide | Bacardi, Diageo PLC, Brown-Forman Corp Class A, Anheuser-Busch InBev SA/NV, Treasury Wine Estates Ltd, Asahi Group Holdings Ltd, Pernod Ricard SA, E & J Gallo Winery, Constellation Brands Inc Class A, Sula Vineyards, Union Wine, Integrated Beverage Group, Kona Brewing Company, Suntory Holdings |
Other key industry trends
- In terms of revenue, China accounted for 1.1% of the global canned alcoholic beverages market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Australia canned alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,555.6 million by 2030.
Rtd cocktails was the largest segment with a revenue share of 78.91% in 2021. Horizon Databook has segmented the China canned alcoholic beverages market based on wine, rtd cocktails, hard seltzers covering the revenue growth of each sub-segment from 2017 to 2030.
The China canned alcoholic beverages market was the leader in terms of alcohol consumption by volume across the world. In 2020, overall alcoholic beverage consumption in China accounted for 48.45 billion liters.
Increasing spending power of consumers, coupled with the presence of domestic as well as international brands, has been driving the demand for canned alcoholic beverages over the years. China is estimated to surpass the U.S. in per capita alcohol consumption by 2030.
Chinese consumers are also following the international trend and demanding premium alcoholic beverages. Consumers’ growing interest in alcoholic beverages and willingness to pay for better products have been increasing in China and this factor has been supporting the growth of the canned alcoholic beverages market.
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Canned Alcoholic Beverages Market Scope
Canned Alcoholic Beverages Market Companies
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China canned alcoholic beverages market size, by product, 2017-2030 (US$M)
China Canned Alcoholic Beverages Market Outlook Share, 2021 & 2030 (US$M)
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