Canned Beverages Market Size and Share
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.
Global Canned Beverages Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Convenience & Portability | +1.5% | Global | Short term (≤ 2 years) |
| Extended Shelf Life | +1.2% | Global, with emphasis on emerging markets | Medium term (2-4 years) |
| Sustainability & High Recyclability | +1.0% | North America & Europe primary, expanding globally | Long term (≥ 4 years) |
| Expanding Flavor and Beverage Options | +0.8% | Asia-Pacific core, spill-over to Americas | Medium term (2-4 years) |
| Innovative Packaging Designs | +0.6% | Global, led by premium segments | Short term (≤ 2 years) |
| Demand For Low-Calorie, Organic, And Natural Ingredient Beverage | +0.4% | North America & Europe, expanding to urban Asia-Pacific | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Convenience & Portability
Convenience and portability are major factors fueling the demand for both alcoholic and non-alcoholic canned beverages. Cans are lightweight, compact, and highly durable, making them easy to transport and handle—ideal for consumers seeking beverages for on-the-go scenarios such as picnics, concerts, travel, or outdoor activities. This portability eliminates concerns associated with heavier or breakable packaging like glass, allowing consumers to purchase, carry, and enjoy multiple beverages effortlessly and safely. For instance, canned wines and craft beers have surged in popularity as they allow occasions like casual gatherings or solo enjoyment without the commitment (or inconvenience) of a full bottle, while also mitigating the risk of breakage. Additionally, the convenient packaging enables portion control and immediate consumption—no need for corkscrews or special glassware, especially appealing for active and busy lifestyles. Retailers also benefit, as cans are easier to stock, stack, and display in a variety of settings, ensuring versatility across grocery stores, convenience outlets, and online platforms. Recent innovations like resealable cans further enhance portability, permitting consumers to save a beverage for later without worrying about spillage or loss of freshness, aligning perfectly with shifting consumer habits and sustainability preferences. Thus, modern consumers, whether seeking alcoholic or non-alcoholic refreshment, increasingly favor canned beverages for their durability, lightweight nature, stackability, and convenience on the go.
Extended Shelf Life
Extended shelf life significantly drives demand for canned beverages—both alcoholic and non-alcoholic—by ensuring products remain fresh, safe, and of high quality over long periods without the need for refrigeration. The canning process involves sealing beverages in airtight, lightproof containers, which protects them from spoilage, microbial contamination, and environmental factors such as oxygen, light, and moisture. As a result, canned beverages typically have a shelf life ranging from one to two years, and in some cases even longer, depending on product type and storage conditions. For consumers, this means greater confidence in product safety and taste consistency, since they can store and consume beverages over an extended period without worrying about rapid deterioration. Retailers benefit by reducing food waste and managing inventory more efficiently, as canned goods are less likely to expire quickly, allowing for bulk purchases and long-term stocking without additional refrigeration costs. Moreover, extended shelf life facilitates broader geographical distribution, as products can travel greater distances and reach more markets before their sell-by date. In short, the long-lasting freshness, safety, and inventory flexibility provided by extended shelf life make canned beverages highly attractive across the supply chain, directly supporting rising global demand.
Expanding Flavor and Beverage Options
Innovation in flavor profiles and beverage categories has transformed canned packaging from a commodity into a premium positioning tool, enabling manufacturers to command higher margins through product differentiation. The proliferation of craft beverages, functional drinks, and ethnic flavor profiles has created niche market opportunities that leverage aluminum cans' ability to preserve complex flavor compounds without interaction. For instance, in April 2025 Coca-Cola's partnership with Bacardi to launch ready-to-drink cocktails exemplifies how established brands are expanding into adjacent categories that require sophisticated packaging solutions. The energy drinks segment has particularly benefited from flavor innovation, with companies like Celsius launching sparkling strawberry passionfruit variants and Red Bull introducing zero-sugar formulations with monk fruit extract in January 2025. Asahi Group's strategic focus on premiumization through expanded flavor offerings in beer-adjacent categories demonstrates how flavor innovation drives market share gains in competitive segments. The ability to rapidly prototype and test new flavors in aluminum cans enables faster time-to-market compared to glass packaging, creating competitive advantages in trend-driven categories.
Demand For Low-Calorie, Organic, And Natural Ingredient Beverage
Health-conscious consumption patterns have created a premium segment within canned beverages where organic certification and natural ingredient positioning command significant price premiums over conventional alternatives. The FDA's 2024 revocation of brominated vegetable oil authorization forces manufacturers to reformulate products with natural alternatives, creating opportunities for brands that proactively adopted clean-label formulations [2]Source: U.S Food and Drug Administration, "Revocation of Authorization for Use of Brominated Vegetable Oil in Food", fda.gov. Asahi Group's strategic expansion into non-alcoholic and low-alcohol beverages reflects the industry's recognition that health trends represent sustainable growth opportunities rather than temporary market shifts. The aluminum can format provides advantages for organic beverages by preventing light-induced degradation of sensitive natural compounds while maintaining the sterile environment necessary for preservative-free formulations. Heineken's growth in Heineken® 0.0 non-alcoholic beer demonstrates how established brands can leverage health trends to expand market reach beyond traditional consumer segments. The proposed TTB requirements for "Alcohol Facts" labeling on alcoholic beverages will further accelerate demand for low-calorie options as nutritional transparency becomes mandatory [3]Source: Federal Register [Alcohol and Tobacco Tax and Trade Bureau (TTB)], "Alcohol Facts Statements in the Labeling of Wines, Distilled Spirits, and Malt Beverages", federalregister.gov.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Counterfeit and Low-Quality Products | -0.7% | Emerging markets, particularly Asia-Pacific and Middle East and Africa | Medium term (2-4 years) |
| Stringent Regulatory and Safety Standards | -0.5% | Global, with highest impact in North America & Europe | Long term (≥ 4 years) |
| Supply Chain Disruptions | -0.4% | Global, with acute impact in North America | Short term (≤ 2 years) |
| Decreasing Demand for Sugary Beverages | -0.3% | North America & Europe primary, expanding globally | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Counterfeit and Low-Quality Products
The prevalence of counterfeit and low-quality products restricts the growth of the canned beverages market in several critical ways. Counterfeits, which often use substandard ingredients and lack proper safety checks, can pose significant health risks to consumers and undermine trust in brands and legitimate manufacturers. For instance, In May 2023, thousands of bottles bearing the Coca-Cola brand was found in a raid by Mexican authorities in Mexico City. The presence of fake goods increases competition by flooding the market with cheaper alternatives produced from inferior materials, leading to loss of sales and revenue for genuine producers. This not only damages brand reputation but also results in reduced consumer confidence, making buyers wary of purchasing canned beverages due to concerns over authenticity and safety. Moreover, as companies are forced to invest heavily in advanced anti-counterfeit technologies, legal actions, and enforcement, resources are diverted away from innovation and market expansion, further slowing industry growth. The complexity and cost of implementing these measures can be especially burdensome for small and mid-size beverage producers, creating barriers to entry and stifling competition.
Decreasing Demand for Sugary Beverages
The growing health consciousness among consumers and increasing awareness of the adverse health effects associated with sugary beverages are restraining factors for the canned beverages market, particularly for segments dominated by sweetened carbonated drinks and energy drinks. According to IFIC (International Food Information Council), 66% of respondents in 2024 tried to limit/avoid suagr in the United States as compared to 61% in 2023. Despite carbonated soft drinks remaining the largest segment within canned beverages—the shift towards healthier lifestyles and concerns over obesity, diabetes, and other sugar-related health issues are prompting many consumers to reduce or avoid sugary drink consumption. This trend is pushing manufacturers to reformulate products, invest in low-sugar or sugar-free alternatives, and diversify into functional beverages, increasing operational complexity and costs. As a result, the overall demand for traditional sugary canned beverages is declining, posing a significant challenge to market growth and compelling brands to innovate to remain competitive.
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.
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.
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.
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
-
AB InBev
-
The Coca-Cola Company
-
PepsiCo
-
Heineken N.V.
-
Monster Beverage Corporation
- *Disclaimer: Major Players sorted in no particular order
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.
Global Canned Beverages Market Report Scope
| Alcoholic Beverages | Beer |
| Wine | |
| Spirits | |
| Others | |
| Non-Alcoholic Beverages | Carbonated Soft Drinks |
| Energy Drinks | |
| Sports Drinks | |
| Juices | |
| Ready-to-Drink Tea/Coffee | |
| Others |
| Aluminum Cans |
| Steel/Tinplate Cans |
| Conventional |
| Organic |
| On-Trade | |
| Off-Trade | Supermarkets/Hypermarkets |
| Convenience/Grocery Stores | |
| Online Retail Stores | |
| Other Distribution Channel |
| 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 | ||
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.
Page last updated on: