South Africa Canned Alcoholic Beverages Market Size & Outlook
South Africa canned alcoholic beverages market, 2017-2030 (US$M)
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South Africa canned alcoholic beverages market highlights
- The South Africa canned alcoholic beverages market generated a revenue of USD 19.6 million in 2021 and is expected to reach USD 49.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.8% 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 19.6 million |
| Market revenue in 2030 | USD 49.4 million |
| Growth rate | 10.8% (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, South Africa accounted for 0.2% 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 Middle East & Africa, South Africa canned alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 49.4 million by 2030.
Rtd cocktails was the largest segment with a revenue share of 74.49% in 2021. Horizon Databook has segmented the South Africa canned alcoholic beverages market based on wine, rtd cocktails, hard seltzers covering the revenue growth of each sub-segment from 2017 to 2030.
The South Africa canned alcoholic beverages market As per WHO data, South Africa accounted for 9.46 liters of alcohol consumption per capita. Over 50% of alcohol consumption comes from beer as the majority of the economically sound population consumes beer. Wine, spirits, and other alcoholic beverages accounted for 17%, 16%, and 11% of consumption, respectively.
Domestic vineyards in South Africa, at Stellenbosch and Western Cape, make some of the world’s most popular wines, which, in turn, is expected to contribute to the demand for canned wine in the country.
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Canned Alcoholic Beverages Market Scope
Canned Alcoholic Beverages Market Companies
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South Africa canned alcoholic beverages market size, by product, 2017-2030 (US$M)
South Africa Canned Alcoholic Beverages Market Outlook Share, 2021 & 2030 (US$M)
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