Drink Can

Drink Can Market Outlook

The global drink can market is projected to reach approximately USD 130 billion by 2035, growing at a CAGR of about 4.5% during the forecast period from 2025 to 2035. The surge in demand for canned beverages, driven by the increasing popularity of ready-to-drink drinks and the convenience of packaging, acts as a primary growth factor. Additionally, the rising awareness regarding sustainability and eco-friendly packaging has led to a significant shift towards recyclable materials, particularly aluminum and biodegradable options. Moreover, the rapid urbanization, along with changing consumer preferences toward on-the-go products, has further propelled the market for drink cans. The availability of different can types and materials has also contributed, enabling manufacturers to cater to diverse consumer needs and preferences.

Growth Factor of the Market

Several key factors are fueling the growth of the drink can market. Firstly, the rapid increase in health-conscious consumers has resulted in a higher demand for non-carbonated and functional beverages, which are often packaged in cans. The convenience of canned drinks aligns perfectly with the fast-paced lifestyle prevalent in urban areas, further pushing the market forward. Secondly, the focus on sustainability has encouraged beverage manufacturers to adopt eco-friendly practices, including using recyclable materials for can production, which is positively affecting the consumer purchase behavior. Additionally, technological advancements in can manufacturing processes, which enhance the durability and aesthetic appeal of cans, are also driving sales. Furthermore, the expansion of distribution channels, including the growing trend of e-commerce, provides consumers with greater access to a variety of canned beverages. Notably, the rising popularity of craft beverages, particularly in the alcoholic sector, has introduced unique can designs and premium pricing, further stimulating market growth.

Key Highlights of the Market

• The global drink can market is expected to reach USD 130 billion by 2035.
• Aluminum cans continue to dominate the market due to their recyclability and lightweight nature.
• The rise in health trends is significantly boosting the demand for non-carbonated drinks packaged in cans.
• Online retail is increasingly becoming a prominent distribution channel for beverage cans.
• The craft beverage segment is influencing innovative can designs and premium pricing strategies.

By Material Type

Aluminum:

Aluminum is the most widely utilized material in the drink can market due to its exceptional properties of lightweight, durability, and recyclability. As consumers become more environmentally conscious, the preference for aluminum cans has surged, as they can be recycled indefinitely without losing quality. This characteristic not only contributes to reduced production costs but also minimizes carbon footprints, aligning with global sustainability goals. Furthermore, aluminum cans are excellent at preserving the taste and quality of beverages, making them an ideal choice for a range of drinks, from carbonated sodas to alcoholic beverages. The strength and malleability of aluminum allow for attractive can designs that enhance brand visibility and consumer engagement. Overall, the aluminum segment is expected to witness robust growth and maintain its leading position in the drink can market.

Steel:

Steel cans, while not as prevalent as aluminum, serve a niche market particularly for certain food and beverage applications. Steel’s resistance to corrosion and ability to maintain product integrity over time makes it a suitable choice for canned products, especially those with longer shelf lives, such as canned food and certain beverages. However, the weightier nature of steel compared to aluminum poses logistical challenges and may deter some consumers looking for lightweight packaging options. Despite these challenges, steel cans are still favored in regions with established recycling systems due to their ability to be recycled. The growth of this segment is expected to remain steady, driven by the demand for specialty products and sustainable practices in certain markets.

Plastic:

Plastic cans are gaining attention as an innovative alternative in the drink can market, particularly in segments catering to health-conscious consumers, like energy drinks and sports beverages. The lightweight nature of plastic cans allows for easy handling and transportation, making them appealing for on-the-go consumption. However, there are challenges regarding recyclability and environmental impact, which may hinder their broader acceptance compared to aluminum. Nonetheless, advancements in biodegradable plastics are paving the way for a sustainable future for plastic cans. Manufacturers are increasingly exploring ways to enhance the eco-friendliness of plastic cans, aiming to satisfy consumer demand for sustainable packaging solutions. This segment is anticipated to grow, particularly in markets where regulations are tightening around traditional plastic use.

Biodegradable:

Biodegradable cans represent an emerging segment that is capturing the interest of environmentally conscious consumers and manufacturers alike. These cans are often made from plant-based materials that decompose more easily than traditional materials, addressing growing concerns over plastic waste and environmental sustainability. As regulatory pressures mount for greener packaging solutions, the market for biodegradable cans is anticipated to expand significantly. Collaborations between industries to innovate and develop better biodegradable materials are expected to enhance the feasibility and market acceptance of biodegradable cans. While still a nascent segment, the potential for growth in the biodegradable can market is substantial, especially among brands keen on showcasing their commitment to sustainability.

By Can Type

Standard:

Standard cans are the most traditional and widely recognized form of beverage packaging. These cans are primarily used for carbonated soft drinks and other beverages and are designed to maintain product freshness and integrity. The standard can typically has a capacity of 12 ounces, making it an ideal size for consumers looking for immediate refreshment. The enduring popularity of standard cans can be attributed to their convenience, portability, and ease of consumption. Additionally, the ability to print vibrant colors and designs on standard cans makes them an effective marketing tool. The standard can segment is expected to continue to dominate the drink can market due to its established presence and consumer familiarity.

Shaped:

Shaped cans, often characterized by their unique designs and forms, are increasingly gaining traction in the drink can market. These cans are typically used for brands looking to differentiate themselves from competitors through innovative packaging. The eye-catching shapes not only enhance brand recognition but also can create an emotional connection with consumers. As the craft beer segment grows, the demand for shaped cans is expected to rise, particularly among artisanal and niche beverage producers. While they may be more expensive to produce than standard cans, the potential for higher profit margins and consumer engagement justifies the investment for many brands. Therefore, the shaped can segment is anticipated to grow significantly in the coming years, especially as brands seek to attract younger consumers.

Slim:

Slim cans are a modern alternative to standard cans, designed primarily for consumers seeking a more elegant and health-conscious packaging option. With capacities typically ranging from 8 to 12 ounces, slim cans are particularly popular for beverages like energy drinks, cocktails, and premium sodas. Their lightweight and sleek design appeals to health-conscious consumers who prefer smaller serving sizes. Additionally, slim cans often feature innovative designs that enhance the drinking experience while being easy to carry. The rising trend toward healthier lifestyles and the consumption of low-calorie beverages is expected to boost the demand for slim cans in the drink can market. As more brands introduce products specifically aimed at the health-conscious demographic, the slim can segment is projected to expand significantly.

By Application

Carbonated Drinks:

The carbonated drinks segment is one of the largest consumers of drink cans, with traditional sodas and sparkling water leading the charge. Cans are favored for their ability to maintain carbonation and freshness, making them the preferred packaging for many beverage manufacturers. The convenience of cans, along with their lightweight properties, allows for ease of transport and consumption, contributing to their popularity in this application category. Moreover, the trend toward on-the-go lifestyles has increased the demand for carbonated drinks in cans, as consumers seek quick, refreshing options. As the market for carbonated beverages continues to grow, particularly with the rise of healthier alternatives, the demand for cans in this segment is expected to remain robust.

Non-carbonated Drinks:

The non-carbonated drinks segment is witnessing notable growth due to the increasing consumer shift toward healthier beverage options, such as flavored waters, teas, and juices. Cans provide a hygienic and convenient packaging solution, appealing to health-conscious consumers. The versatility of cans allows manufacturers to package a wide variety of non-carbonated beverages, enhancing their marketability. Furthermore, the ability to use vibrant and attractive designs on cans makes them an effective medium for branding and consumer engagement. As more consumers gravitate towards non-carbonated beverages as part of a healthy lifestyle, the demand for cans in this segment is expected to grow significantly in the coming years.

Alcoholic Beverages:

The alcoholic beverages sector is experiencing a transformation with the rising popularity of craft beers, ready-to-drink cocktails, and hard seltzers, all packaged in cans. Cans offer a portable, lightweight, and easy-to-store option, making them particularly appealing for outdoor events and gatherings. Additionally, the ability of cans to preserve flavor and carbonation is crucial for maintaining the quality of alcoholic drinks. The shift towards sustainability has also played a role in the preference for cans, as consumers appreciate the recyclability of aluminum. Consequently, the alcoholic beverages segment is expected to witness significant growth in the drink can market, as brands continue to innovate with unique flavor profiles and packaging designs.

Energy Drinks:

The energy drinks segment is one of the fastest-growing categories in the drink can market, driven by increasing consumer demand for functional beverages that provide a quick energy boost. Cans are the preferred packaging for energy drinks due to their ability to maintain product integrity and freshness while offering portability. As consumers become more active and health-conscious, the market for energy drinks is expanding, leading to a greater variety of products, including natural and organic options. This diversification in energy drink offerings is fostering innovation in can designs and branding, making them essential for market competition. Overall, the energy drinks segment is expected to continue its upward trajectory within the drink can market.

By Distribution Channel

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets remain dominant distribution channels for the drink can market, accounting for a significant share of total sales. These retail formats provide a one-stop shopping experience for consumers, making it convenient for them to purchase a variety of canned beverages. The extensive product offerings and competitive pricing in supermarkets and hypermarkets attract a broad customer base. Additionally, promotional campaigns and discounts within these stores often boost sales of canned drinks, driving growth in this channel. The trend of larger retail chains expanding their beverage sections to include a diverse range of canned drinks further supports the ongoing strength of this distribution channel.

Convenience Stores:

Convenience stores are increasingly becoming a vital distribution channel for the drink can market, particularly in urban areas and for on-the-go consumers. These stores offer quick access to a variety of canned beverages, appealing to time-constrained shoppers seeking immediate refreshment. The convenience store environment allows for impulse purchases, often resulting in higher sales of canned drinks, particularly carbonated and energy beverages. As the trend toward convenience continues to grow, many brands are strategically placing their products in convenience stores to capitalize on this opportunity. This channel is expected to witness continued growth, driven by evolving consumer habits and preferences.

Online Retail:

The online retail channel is rapidly gaining traction in the drink can market, especially in the wake of the COVID-19 pandemic, which has accelerated the shift toward e-commerce. Consumers appreciate the convenience of ordering beverages from the comfort of their homes, and online platforms often provide a wider selection of products compared to physical stores. The ability to compare prices and access exclusive online promotions enhances the attractiveness of purchasing canned drinks online. Additionally, subscription services for beverages are becoming increasingly popular, providing consumers with regular deliveries of their favorite canned drinks. As online retail continues to grow, it is expected to play an essential role in the distribution of drink cans, catering to the demands of modern consumers.

Others:

Other distribution channels, including specialty stores, vending machines, and food service establishments, also contribute to the drink can market. These channels serve niche consumer segments and provide unique purchasing experiences. Specialty stores often focus on craft beverages and premium canned products, catering to discerning consumers seeking unique flavors and brands. Vending machines are popular in public spaces, providing convenient access to a variety of canned drinks for on-the-go consumers. Food service establishments, including restaurants and cafes, also contribute to the market by offering canned beverages as part of their drink menus. As consumer preferences diversify, these alternative distribution channels are expected to play an increasingly important role in the drink can market.

By Region

In North America, the drink can market is anticipated to reach approximately USD 40 billion by 2035, growing at a CAGR of around 4% during the forecast period. The region benefits from a well-established beverage industry, with a strong emphasis on sustainability and innovative packaging solutions. The United States, being the largest market, is seeing a steady rise in demand for both carbonated and non-carbonated drinks in cans. Additionally, the growing trend of health-conscious consumers is driving the consumption of functional beverages, which often come in can packaging. The region's strong distribution networks, including supermarkets, convenience stores, and online platforms, further support the market growth.

In Europe, the drink can market is projected to grow significantly, with an expected market value of around USD 35 billion by 2035, fueled by a CAGR of approximately 5.2%. The European market is characterized by increasing regulations on packaging waste, pushing manufacturers towards more sustainable practices, such as the use of recyclable materials for can production. Countries like Germany and France are leading the way in adopting eco-friendly initiatives, and this trend is expected to enhance the demand for aluminum and biodegradable cans. The rising consumption of craft beverages and energy drinks also contributes to the growth of the drink can segment in Europe, reflecting shifting consumer preferences towards diverse beverage options.

Opportunities

There are several growth opportunities in the drink can market that stakeholders can leverage to enhance their market presence. One of the most significant opportunities lies in the increasing demand for sustainable packaging solutions. As consumers become more environmentally conscious, brands that adopt recyclable and biodegradable materials for their drink cans can enhance their appeal and gain a competitive edge. Collaborations between beverage manufacturers and packaging companies to develop eco-friendly can options could create a new segment of the market. Furthermore, the rise of functional beverages, such as health drinks and organic options, presents an opportunity for brands to innovate and introduce products that resonate with health-conscious consumers. This shift could lead to the development of new flavors and formulations that are packaged in cans, thereby driving demand.

In addition, the ongoing trend of urbanization and busy lifestyles is creating demand for convenient on-the-go beverage options. Brands that can effectively market their canned drinks as quick and easy choices for professionals and active consumers stand to benefit significantly. The expansion of online retail channels also presents an opportunity for beverage companies to reach a broader audience. By investing in e-commerce capabilities and optimizing their online presence, companies can capture the growing segment of consumers who prefer shopping online. Moreover, as the craft beverage sector continues to expand, there is room for innovation in can design and packaging, offering unique branding opportunities. Overall, the drink can market is poised for growth with ample opportunities for manufacturers willing to adapt to changing consumer trends.

Threats

Despite the positive outlook for the drink can market, several threats could hinder growth and profitability. One significant threat is the rising cost of raw materials used in can production, particularly aluminum. Fluctuating metal prices can impact production costs, ultimately leading to higher prices for consumers. Additionally, as consumers become increasingly health-conscious, there is a risk that traditional sugary beverages may face declining demand, which could adversely affect the carbonated drink segment of the market. Furthermore, increased competition from alternative packaging solutions, such as plastic bottles and cartons, poses a threat as brands may opt for packaging that is perceived as more convenient or cost-effective. Manufacturers must constantly innovate and adapt to these challenges to maintain their market position and profitability.

In addition to these threats, regulatory changes regarding packaging waste and recycling could also impact the drink can market. Stricter regulations may require manufacturers to invest in more sustainable practices or face penalties, which could increase operational costs. Furthermore, as consumers seek transparency in product sourcing and packaging, brands that fail to meet these expectations may suffer damage to their reputation and consumer trust. Lastly, global supply chain disruptions could present challenges in sourcing materials and distributing products, affecting overall market efficiency. Companies need to remain vigilant and proactive in addressing these threats to ensure sustained growth in the drink can market.

Competitor Outlook

• Crown Holdings, Inc.
• Ball Corporation
• Silgan Holdings Inc.
• Ardagh Group
• Can-Pack S.A.
• Rexam PLC (acquired by Ball Corporation)
• CPMC Holdings Limited
• Oberdorfer LLC
• Hindalco Industries Limited
• Tinplate Company of India Limited
• Amcor plc
• Evian (Danone)
• PepsiCo, Inc. (canned drinks division)
• Coca-Cola Company (canned drinks division)
• Heineken N.V.
• AB InBev (Anheuser-Busch InBev)

The competitive landscape of the drink can market is characterized by a considerable number of players, ranging from large multinational corporations to smaller niche manufacturers. Major players, including Crown Holdings, Ball Corporation, and Silgan Holdings, dominate the market due to their extensive manufacturing capabilities and broad distribution networks. These companies are frequently involved in strategic partnerships and acquisitions to strengthen their market position and expand their product portfolios. Additionally, innovation plays a crucial role in maintaining competitiveness, with leading companies investing in research and development to create sustainable packaging solutions and improve can design. The focus on sustainability is evident, as many manufacturers are adopting eco-friendly practices and materials to appeal to environmentally conscious consumers.

Furthermore, the craft beverage movement has introduced additional competition in the drink can market, with numerous small and medium-sized enterprises emerging to cater to specific consumer preferences. These companies often leverage unique branding, innovative flavors, and creative packaging designs to differentiate themselves in a crowded market. As consumer preferences shift towards artisanal and locally sourced products, these smaller manufacturers have the opportunity to capture market share by offering distinctive options that resonate with niche markets. This dynamic creates an ever-evolving competitive landscape where adaptability and innovation are key to success.

Among the major companies, Crown Holdings, Inc. operates as a leading global manufacturer of packaging products, particularly metal containers for food and beverages. They are known for their commitment to sustainability and have made significant investments in recycling technologies. Ball Corporation, another key player, is recognized for its innovation in aluminum packaging and has developed several products aimed at reducing environmental impact. Similarly, Silgan Holdings Inc. specializes in rigid packaging solutions, with a focus on sustainability in their can manufacturing processes. These companies are consistently working to enhance their product offerings and remain competitive in the evolving drink can market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Amcor plc
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Ardagh Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Can-Pack S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Heineken N.V.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Evian (Danone)
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Oberdorfer LLC
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ball Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Crown Holdings, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Silgan Holdings Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 CPMC Holdings Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hindalco Industries Limited
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 AB InBev (Anheuser-Busch InBev)
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Tinplate Company of India Limited
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 PepsiCo, Inc. (canned drinks division)
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Rexam PLC (acquired by Ball Corporation)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis
  • 5.16 Coca-Cola Company (canned drinks division)
    • 5.16.1 Business Overview
    • 5.16.2 Products & Services
    • 5.16.3 Financials
    • 5.16.4 Recent Developments
    • 5.16.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Drink Can Market, By Can Type
    • 6.1.1 Standard
    • 6.1.2 Shaped
    • 6.1.3 Slim
  • 6.2 Drink Can Market, By Application
    • 6.2.1 Carbonated Drinks
    • 6.2.2 Non-carbonated Drinks
    • 6.2.3 Alcoholic Beverages
    • 6.2.4 Energy Drinks
    • 6.2.5 Others
  • 6.3 Drink Can Market, By Material Type
    • 6.3.1 Aluminum
    • 6.3.2 Steel
    • 6.3.3 Plastic
    • 6.3.4 Biodegradable
  • 6.4 Drink Can Market, By Distribution Channel
    • 6.4.1 Supermarkets/Hypermarkets
    • 6.4.2 Convenience Stores
    • 6.4.3 Online Retail
    • 6.4.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Drink Can Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Drink Can market is categorized based on

By Material Type

• Aluminum
• Steel
• Plastic
• Biodegradable

By Can Type

• Standard
• Shaped
• Slim

By Application

• Carbonated Drinks
• Non-carbonated Drinks
• Alcoholic Beverages
• Energy Drinks
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Crown Holdings, Inc.
• Ball Corporation
• Silgan Holdings Inc.
• Ardagh Group
• Can-Pack S.A.
• Rexam PLC (acquired by Ball Corporation)
• CPMC Holdings Limited
• Oberdorfer LLC
• Hindalco Industries Limited
• Tinplate Company of India Limited
• Amcor plc
• Evian (Danone)
• PepsiCo, Inc. (canned drinks division)
• Coca-Cola Company (canned drinks division)
• Heineken N.V.
• AB InBev (Anheuser-Busch InBev)