Global Ready-to-Drink Cocktails Market Size To Exceed USD 2.73 Billion by 2033 | CAGR of 12.24%
Category: Food & BeveragesGlobal Ready-to-Drink Cocktails Market Size To Exceed USD 2.73 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Ready-to-Drink Cocktails Market Size Expected to Grow from USD 0.86 Billion in 2023 to USD 2.73 Billion by 2033, at a CAGR of 12.24% during the forecast period 2023-2033.
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Browse key industry insights spread across 178 pages with 160 Market data tables and figures & charts from the report on the "Global Ready-to-Drink Cocktails Market Size, Share, and COVID-19 Impact Analysis, By Type (Malt-Based, Spirit-Based, Wine-Based), By Packaging (Bottles, Cans), By Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Liquor Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ready-to-drink-cocktails-market
Ready-to-drink cocktails (RTD) are single-serve, pre-mixed drinks that are usually sold in cans or bottles and are intended to be consumed instantly. By removing the need for preparation, these goods simplify the shopping experience for customers while guaranteeing consistency in taste and quality. RTD cocktails provide consumers with a hassle-free option without requiring them to mix or source different ingredients, making them a lucrative business opportunity that caters to the growing need for convenience in the beverage sector. Rising discretionary incomes are driving customers to select ready-to-drink cocktails since they offer a handy means of indulging in premium libations. In addition to boosting market revenue, this trend pushes customers to look for premium and novel flavours, which promotes testing. The market is expanding because consumers are becoming pickier about what they buy and are gravitating toward lower-alcohol options. However, managing a variety of connections with retailers and distributors drives up operating expenses and reduces the market agility for ready-to-drink drinks globally.
The spirit-based segment is expected to hold the largest share of the global ready-to-drink cocktails market during the anticipation timeframe.
Based on the type, the global ready-to-drink cocktails market is categorized into malt-based, spirit-based, and wine-based. Among these, the spirit-based segment is expected to hold the largest share of the global ready-to-drink cocktails market during the anticipation timeframe. The market for ready-to-drink (RTD) cocktails created with spirits is increasing significantly due to consumer desire for high-end convenience and quality. Additionally, by using popular spirits like tequila, vodka, rum, and gin, these products please customers who are searching for lower-alcohol options due to health concerns.
The bottles segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the packaging, the global ready-to-drink cocktails market is categorized into bottles, and cans. Among these, the bottles segment is expected to grow at the fastest CAGR during the anticipation timeframe. Ready-to-drink (RTD) drinks in bottles are preferred due to their superior quality and elegant appearance. These products are superior to canned equivalents in terms of flavour preservation and carbonation since they are made with premium, spirit-based formulas.
The hypermarket/supermarket segment is predicted to dominate the global ready-to-drink Cocktails market during the anticipation timeframe.
Based on the distribution channel, the global ready-to-drink cocktails market is categorized into hypermarkets and supermarkets, convenience stores, and liquor stores. Among these, the hypermarket/supermarket segment is predicted to dominate the global ready-to-drink cocktails market during the anticipation timeframe. Large retail chains, with their wide accessibility and variety of products, are important players in the ready-to-drink (RTD) cocktail sector. Brands can effectively exhibit a variety of RTD options that are suited to consumer tastes thanks to their prominent shelf placement.
North America is projected to hold the largest share of the global ready-to-drink cocktails market over the anticipation timeframe.
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North America is projected to hold the largest share of the global ready-to-drink cocktails market over the anticipation timeframe. The demand for convenient and superior experiences among customers has been driving the North American ready-to-drink (RTD) cocktail sector. Continuous innovation creates high-quality products that appeal to a diverse variety of tastes. A robust retail infrastructure consisting of supermarkets and internet retailers ensures accessibility for everybody, while focused advertising increases consumer awareness and positions the industry for long-term success.
Europe is expected to grow at the fastest CAGR growth of the global ready-to-drink cocktails market during the anticipation timeframe. Products with a broad appeal and a unique, craft-inspired aesthetic complement the ready-to-drink cocktail industry. To better suit the sophisticated tastes of European customers and to solidify their positions in this dynamic ready-to-drink cocktail sector, industry leaders such as Pernod Ricard are deliberately broadening their portfolios.
Major vendors in the global ready-to-drink cocktails market are Brown-Forman, Constellation Brands, Molson Coors, Dr Pepper Snapple Group, Red Bull, Monster Beverage, Vitaminwater, Fiji Water, Hansen Natural, Anheuser-Busch InBev, Pernod Ricard, The Absolut Company, Heineken, Coca-Cola, PepsiCo, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2023, Absolut released three new flavours of RTD cocktails. These flavours include passion fruit, coffee, and strawberries. With a low 5% ABV, the new product line made its debut in the UK in May 2023.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global Ready-to-Drink Cocktails market based on the below-mentioned segments:
Global Ready-to-Drink Cocktails Market, By Type
- Malt-Based
- Spirit-Based
- Wine-Based
Global Ready-to-Drink Cocktails Market, By Packaging
- Bottles
- Cans
Global Ready-to-Drink Cocktails Market, By Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Liquor Stores
Global Ready-to-Drink Cocktails Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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