Canned Beverages Market Size and Share

Canned Beverages Market (2025 - 2030)
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Canned Beverages Market Analysis by Mordor Intelligence

The canned beverages market size is valued at USD 51.03 billion in 2025 and is projected to reach USD 69.88 billion by 2030, exhibiting a compound annual growth rate of 6.49% CAGR during the forecast period. This growth trajectory reflects the industry's strategic pivot toward sustainable packaging solutions, where aluminum's infinite recyclability positions it as the material of choice for environmentally conscious brands and consumers alike. The market's expansion is underpinned by regulatory shifts that favor metal packaging over plastic alternatives, particularly as governments worldwide implement extended producer responsibility frameworks that make aluminum cans economically advantageous for beverage manufacturers[1]Source: Can Manufacturers Institute (CMI), "Recycling Refunds + Extended Producer Responsibility (EPR)", cancentral.com. Consumers favor drink cans for their convenience, portability, and recyclability, with aluminium cans gaining preference due to lightweight properties and strong sustainability credentials. Major beverage manufacturers are shifting towards recyclable materials, and the surge in innovative products—such as craft beers, energy drinks, and functional beverages—further propels market expansion. However, a significant restraint for the sector is the volatility of raw material prices, particularly the anticipated rise in steel prices, which could increase costs for can manufacturers and potentially lead to higher prices for consumers. Overall, the canned beverages market is poised for significant growth, driven by sustainability trends and evolving consumer preferences, despite the challenges posed by raw material price fluctuations.

Key Report Takeaways

  • By product type, alcoholic beverages led with 68.22% revenue share in 2024; non-alcoholic beverages are forecast to expand at an 8.18% CAGR through 2030.
  • By can material, aluminum captured 70.34% of the canned beverages market share in 2024, while steel/tinplate cans are projected to register a 6.57% CAGR to 2030.
  • By category, conventional offerings accounted for 85.05% of the canned beverages market size in 2024, and the organic segment is advancing at a 7.57% CAGR through 2030.
  • By distribution channel, off-trade outlets commanded 65.12% of sales in 2024; on-trade venues are expected to grow at a 6.88% CAGR over the forecast period.
  • By geography, North America held 31.20% of global revenue in 2024, whereas Asia-Pacific is anticipated to deliver a 7.73% CAGR to 2030.

Segment Analysis

By Product Type: Alcoholic Beverages Drive Volume Despite Health Headwinds

Alcoholic beverages command 68.22% market share in 2024, reflecting the segment's established distribution networks and consumer loyalty, while non-alcoholic beverages accelerate at 8.18% CAGR through 2030 as health consciousness reshapes consumption patterns. The alcoholic segment's dominance stems from beer's transition to aluminum cans, driven by portability advantages and sustainability positioning that resonates with younger demographics. Within alcoholic beverages, ready-to-drink cocktails and hard seltzers exhibit the strongest growth momentum, exemplified by Coca-Cola's partnership with Bacardi to launch premium RTD cocktails in European markets during 2025. Wine and spirits in aluminum packaging remain niche but growing segments, particularly in premium outdoor consumption occasions where glass restrictions apply.

Non-alcoholic beverages benefit from the convergence of health trends and functional ingredient innovation, with energy drinks and sports drinks leading growth within this category. Carbonated soft drinks maintain the largest volume share within non-alcoholic segments but face headwinds from sugar reduction initiatives and consumer preference shifts toward natural alternatives. Other non-alcoholic beverages such as ready-to-drink tea and coffee represent emerging opportunities, particularly in Asia-Pacific markets where convenience culture drives adoption of premium beverage formats. The "others" category, encompassing health drinks, flavored water, and canned water, demonstrates the segment's innovation potential as manufacturers explore niche positioning strategies that command premium pricing through specialized formulations and targeted marketing approaches.

Canned Beverages Market: Market Share by Product Type
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By Can Material: Aluminum Supremacy Reinforced by Sustainability Mandates

Aluminum cans dominate with 70.34% market share in 2024, while steel/tinplate cans grow at 6.57% CAGR through 2030, reflecting specialized applications where steel's properties provide advantages over aluminum alternatives. The aluminum segment's leadership position strengthens as sustainability regulations favor infinitely recyclable materials, with European recycling rates of 76% for aluminum beverage cans significantly exceeding steel alternatives. Steel cans maintain relevance in specific beverage categories where extended shelf life requirements or cost considerations favor tinplate construction, particularly in emerging markets where price sensitivity influences packaging decisions. Independent Can's emphasis on steel's 95% water recycling rate and 60% energy reduction over 50 years demonstrates the material's sustainability credentials, though aluminum's superior recyclability profile creates competitive advantages in developed markets.

Ball Corporation's acquisition of Florida Can Manufacturing in 2025 reinforces aluminum's supply chain advantages by expanding domestic production capacity and reducing dependence on imported materials subject to tariff volatility. The 25% tariff on imported aluminum has paradoxically strengthened domestic aluminum can production while creating cost pressures that favor larger manufacturers with integrated supply chains. Steel cans benefit from magnetic separation advantages in recycling processes, enabling easier recovery from mixed waste streams, though this advantage diminishes as deposit return systems improve aluminum collection rates. Advanced coating technologies for both materials, including AkzoNobel's bisphenol-free formulations, level the playing field for food safety compliance while maintaining material-specific performance characteristics.

By Category: Organic Segment Capitalizes on Premium Positioning

The conventional category maintains 85.05% market share in 2024, leveraging established supply chains and cost advantages, while organic beverages accelerate at 7.57% CAGR through 2030 as health-conscious consumers drive premium segment expansion. Conventional canned beverages—including carbonated drinks, energy beverages, and fruit juices—continue to see strong demand, especially in emerging markets with growing middle-class populations. The expansion of retail channels, such as widespread supermarket and online availability, has made both conventional and organic canned beverages more accessible to a broad consumer base. Major brands are responding with innovations in flavor, functional benefits, and sustainable packaging to meet diverse consumer needs and regulatory requirements.

Conventional beverages benefit from scale economies and established distribution relationships, though face increasing pressure to adopt clean-label formulations as consumer awareness of ingredient transparency grows. The segment's stability reflects the mainstream market's price sensitivity and brand loyalty, particularly in established categories like carbonated soft drinks and traditional beer. Organic certification requirements create barriers to entry that protect premium positioning but limit market expansion potential, requiring manufacturers to balance exclusivity with accessibility. The convergence of organic and functional positioning creates hybrid opportunities where organic certification enhances credibility for health-focused formulations, as demonstrated by the growth in organic energy drinks and functional beverages that combine clean-label ingredients with performance benefits.

Canned Beverages Market: Market Share by Category
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By Distribution Channel: Off-Trade Dominance Reflects Retail Consumption Patterns

Off-trade channels command 65.12% market share in 2024, reflecting sustained consumer preference for retail consumption established during pandemic lockdowns, while on-trade channels grow at 6.88% CAGR through 2030 as hospitality sectors recover and adapt to new consumption patterns. The off-trade segment's dominance stems from convenience advantages and price competitiveness, with supermarkets and hypermarkets providing extensive product selection and promotional opportunities that drive volume growth. Convenience and grocery stores within off-trade channels benefit from impulse purchasing behavior and location advantages, particularly for energy drinks and ready-to-drink beverages consumed during commuting and work activities. Online retail stores represent the fastest-growing subsegment within off-trade, enabling direct-to-consumer relationships and subscription models that enhance customer lifetime value while reducing distribution costs.

Demand for canned beverages through the HORECA (Hotel, Restaurant, Café) and foodservice channel is rapidly growing, fueled by the sector’s strong need for convenience, portion control, and operational efficiency. In particular, the popularity of ready-to-drink (RTD) canned alcoholic beverages, such as cocktails, hard seltzers, craft beers, and canned wines, is surging in hospitality and foodservice venues. HORECA establishments value cans for their ease of storage, speed of service, lower breakage risk compared to glass, and ability to offer a consistent product experience to customers at bars, events, outdoor gatherings, and travel hubs. With the global HORECA beverage market grising steadily in 2025, the integration of canned beverages in this channel is a key growth segment, supported by expanding product innovation, premiumization, and the strong appeal of convenient drink formats

Geography Analysis

North America maintains the largest market share at 31.20% in 2024, leveraging established infrastructure and high per-capita consumption. The North American market's maturity creates stability but limits growth potential, with innovation focused on premium positioning and sustainability initiatives rather than volume expansion. Europe benefits from advanced recycling infrastructure and sustainability regulations that favor aluminum packaging, creating competitive advantages for manufacturers with strong environmental credentials.

Asia-Pacific accelerates at a 7.73% CAGR through 2030. The growth trajectory reflects the region's demographic advantages and evolving consumption patterns, with urbanization driving demand for convenient packaging formats that support on-the-go lifestyles. China's market expansion benefits from government initiatives promoting domestic consumption and environmental protection policies that favor recyclable packaging materials. India's emerging middle class creates opportunities for premium beverage positioning, though price sensitivity requires careful market entry strategies that balance quality with affordability. Asahi Group's strategic focus on health and wellness business expansion in the United States and United Kingdom markets illustrates how Asian companies are leveraging domestic expertise to capture global opportunities. 

Middle East and Africa represent emerging opportunities where infrastructure development and economic growth create demand for packaged beverages, though regulatory complexity and distribution challenges require localized approaches. South America's market dynamics reflect economic volatility and currency fluctuations that affect purchasing power, requiring flexible pricing strategies and local manufacturing capabilities to maintain competitiveness. As these regions evolve, companies must stay attuned to local tastes and preferences, ensuring their offerings resonate with consumers. Moreover, forging partnerships with local distributors can pave the way for smoother market entry and expansion.

Canned Beverages Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The canned beverages market exhibits moderate concentration, reflecting balanced competition between established multinational corporations and emerging regional players that leverage niche positioning and local market knowledge. Strategic consolidation is reshaping competitive dynamics, exemplified by Carlsberg's USD 4.2 billion acquisition of Britvic in January 2025, which creates synergies between beer and soft drink portfolios while strengthening relationships with key partners like PepsiCo. Major players such as AB InBev, The Coca-Cola Company, PepsiCo, Heineken N.V., and Monster Energy Company have a significant share in the canned beverages market. These established brands are continuously adapting to shifting consumer preferences by expanding their offerings into low-calorie beverages, functional drinks, and more sustainable packaging options.

At the same time, the market is witnessing the ascent of niche and craft beverage brands, which are capitalizing on the demand for unique flavors, organic ingredients, and functional additives such as probiotics and adaptogens. Start-ups and mid-sized firms are differentiating themselves through transparent sourcing, bold innovations, and direct engagement with younger, health-conscious consumers. Limited-edition packaging, collaborations with creatives, and a focus on storytelling have allowed these smaller brands to carve out loyal customer bases, particularly among millennials and Gen Z.

Sustainability has become a pivotal battleground in this competitive environment. With aluminum cans recognized for their high recyclability and eco-friendliness, beverage manufacturers are ramping up sustainability pledges and rolling out innovative packaging, such as lightweight or resealable cans, to reduce environmental impact. Digital marketing and e-commerce strategies are further intensifying competition, as brands deploy direct-to-consumer models and social media campaigns to enhance customer reach and foster brand loyalty. As a result, the canned beverages market is shaped by a dynamic interplay of scale, innovation, and eco-consciousness, ensuring ongoing differentiation and growth opportunities for both established and emerging players.

Canned Beverages Industry Leaders

  1. AB InBev

  2. The Coca-Cola Company

  3. PepsiCo

  4. Heineken N.V.

  5. Monster Beverage Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Canned Beverages Market
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Recent Industry Developments

  • April 2025: SABÉ Beverages, an innovator and growth driver in the ready-to-drink (RTD) cocktail space, launched its new Espresso Martini canned cocktail, available in 4-packs of 250mL cans at USD 13.99 per 4-pack. This new offering joined SABÉ's award-winning RTD portfolio consisting of Margarita (14% ABV), Moscow Mule (13.1% ABV), Mojito (13.3% ABV) and Grapefruit Paloma (14% ABV).
  • April 2025: Spirit of Gallo launched canned Lucky One Lemonade, a new vodka-based, non-carbonated lemonade created in collaboration with Miss Peaches, Barstool founder and High Noon promoter Dave Portnoy's rescue pit bull.
  • April 2025: Soda and juice giant Coca-Cola used one of its best-known brands to test the potential of a strategic pivot into the complex alcohol category. The company debuted canned vodka-infused varieties of its Minute Maid drinks, including pink lemonade and fruit punch, which had 5% alcohol-by-volume. The line joined existing Minute Maid canned cocktails, including wine-based Strawberry Daiquiri and Lime Margarita.
  • March 2025: Kraft Heinz powdered drink brand Crystal Light announced a new line of "Vodka Refreshers," which officials said aimed to capitalize on consumer demand for "lighter, lower-calorie cocktails." At 77 calories per can and with no sugar, the company said that Crystal Light Vodka Refreshers were "the lowest-calorie ready-to-drink cocktail on the market." The canned cocktails had 3.8% alcohol by volume.

Table of Contents for Canned Beverages Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Convenience & Portability
    • 4.2.2 Extended Shelf Life
    • 4.2.3 Sustainability & High Recyclability
    • 4.2.4 Expanding Flavor and Beverage Options
    • 4.2.5 Innovative Packaging Designs
    • 4.2.6 Demand For Low-Calorie, Organic, And Natural Ingredient Beverage
  • 4.3 Market Restraints
    • 4.3.1 Counterfeit and Low-Quality Products
    • 4.3.2 Stringent Regulatory and Safety Standards
    • 4.3.3 Supply Chain Disruptions
    • 4.3.4 Decreasing Demand for Sugary Beverages
  • 4.4 Supply Chain Analysis
  • 4.5 Consumer Behaviour Analysis
  • 4.6 Regulatory Outlook
  • 4.7 Porter’s Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Alcoholic Beverages
    • 5.1.1.1 Beer
    • 5.1.1.2 Wine
    • 5.1.1.3 Spirits
    • 5.1.1.4 Others
    • 5.1.2 Non-Alcoholic Beverages
    • 5.1.2.1 Carbonated Soft Drinks
    • 5.1.2.2 Energy Drinks
    • 5.1.2.3 Sports Drinks
    • 5.1.2.4 Juices
    • 5.1.2.5 Ready-to-Drink Tea/Coffee
    • 5.1.2.6 Others
  • 5.2 By Can Material
    • 5.2.1 Aluminum Cans
    • 5.2.2 Steel/Tinplate Cans
  • 5.3 By Category
    • 5.3.1 Conventional
    • 5.3.2 Organic
  • 5.4 By Distribution Channel
    • 5.4.1 On-Trade
    • 5.4.2 Off-Trade
    • 5.4.2.1 Supermarkets/Hypermarkets
    • 5.4.2.2 Convenience/Grocery Stores
    • 5.4.2.3 Online Retail Stores
    • 5.4.2.4 Other Distribution Channel
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 Italy
    • 5.5.2.4 France
    • 5.5.2.5 Spain
    • 5.5.2.6 Netherlands
    • 5.5.2.7 Poland
    • 5.5.2.8 Belgium
    • 5.5.2.9 Sweden
    • 5.5.2.10 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 Australia
    • 5.5.3.5 Indonesia
    • 5.5.3.6 South Korea
    • 5.5.3.7 Thailand
    • 5.5.3.8 Singapore
    • 5.5.3.9 Rest of Asia-Pacific
    • 5.5.4 Middle East and Africa
    • 5.5.4.1 South Africa
    • 5.5.4.2 Saudi Arabia
    • 5.5.4.3 United Arab Emirates
    • 5.5.4.4 Nigeria
    • 5.5.4.5 Egypt
    • 5.5.4.6 Morocco
    • 5.5.4.7 Turkey
    • 5.5.4.8 Rest of Middle East and Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Colombia
    • 5.5.5.4 Chile
    • 5.5.5.5 Peru
    • 5.5.5.6 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 AB InBev
    • 6.4.2 The Coca-Cola Company
    • 6.4.3 PepsiCo, Inc.
    • 6.4.4 Heineken N.V.
    • 6.4.5 Monster Beverage Corporation
    • 6.4.6 Red Bull GmbH
    • 6.4.7 Molson Coors Beverage Company
    • 6.4.8 Carlsberg A/S
    • 6.4.9 Diageo plc
    • 6.4.10 Constellation Brands Inc.
    • 6.4.11 Keurig Dr Pepper Inc.
    • 6.4.12 Tropicana Brands Group
    • 6.4.13 LIPTON Teas and Infusions
    • 6.4.14 Nestle S.A.
    • 6.4.15 Arizona Beverages USA
    • 6.4.16 Sapporo Holdings Ltd.
    • 6.4.17 Asahi Group Holdings
    • 6.4.18 Suntory Holdings Ltd.
    • 6.4.19 Boston Beer Company
    • 6.4.20 BrewDog plc

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Canned Beverages Market Report Scope

By Product Type
Alcoholic Beverages Beer
Wine
Spirits
Others
Non-Alcoholic Beverages Carbonated Soft Drinks
Energy Drinks
Sports Drinks
Juices
Ready-to-Drink Tea/Coffee
Others
By Can Material
Aluminum Cans
Steel/Tinplate Cans
By Category
Conventional
Organic
By Distribution Channel
On-Trade
Off-Trade Supermarkets/Hypermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channel
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
By Product Type Alcoholic Beverages Beer
Wine
Spirits
Others
Non-Alcoholic Beverages Carbonated Soft Drinks
Energy Drinks
Sports Drinks
Juices
Ready-to-Drink Tea/Coffee
Others
By Can Material Aluminum Cans
Steel/Tinplate Cans
By Category Conventional
Organic
By Distribution Channel On-Trade
Off-Trade Supermarkets/Hypermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channel
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
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Key Questions Answered in the Report

What is the projected value of the canned beverages market by 2030?

The market is forecast to reach USD 69.88 billion by 2030, reflecting a 6.49% CAGR during 2025–2030.

Which region is expected to grow the fastest in the canned beverages market?

Asia-Pacific, supported by urbanization and rising disposable incomes, is set to expand at a 7.73% CAGR through 2030.

How are health trends influencing product development?

Demand for low-calorie, organic, and natural ingredient beverages is fostering zero-sugar energy drinks, organic sparkling teas, and non-alcoholic beers with functional benefits.

How concentrated is competition in the canned beverages industry?

The market scores indicates moderate consolidation where leading multinationals coexist with agile regional challengers.

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