United States Frozen Cocktail Popsicles Market Size, Share, and COVID-19 Impact Analysis, By Type (Margarita Pops, Daiquiri Pops, and Others), By Distribution Channel (Specialty Stores, Online, and Others), and United States Frozen Cocktail Popsicles Market Insights Forecasts 2023 - 2033.
Industry: Consumer GoodsUnited States Frozen Cocktail Popsicles Market Insights Forecasts to 2033
- The United States Frozen Cocktail Popsicles Market Size was valued at USD 29.17 Million in 2023
- The Market Size is Growing at a CAGR of 19.65% from 2023 to 2033.
- The United States Frozen Cocktail Popsicles Market Size is Expected to Reach USD 175.36 Million by 2033.
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The United States Frozen Cocktail Popsicles Market size is expected to reach USD 175.36 Million by 2033, at a CAGR of 19.65% during the forecast period 2023 to 2033.
Market Overview
A blended or shaken concoction of liqueurs, spirits, juices, syrups, and ice that is served frozen or slushy is called a frozen cocktail. Margaritas, daiquiris, and piña coladas are popular flavors, and creative variants are becoming increasingly popular. They can be alcoholic or non-alcoholic and are usually marketed in single-serving packaging like popsicles or pouches. The United States frozen cocktail popsicle market is expanding because of consumer need for more portable alcoholic drink options, as well as a strong emphasis on creative inventions and a wide variety of flavors. Furthermore, the growing popularity of frozen cocktails among millennials and a significant increase in the purchase of frozen drinks are driving the market's growth. Furthermore, social media platforms have been instrumental in the market's growth due to their emphasis on visually appealing content. The market is driven by consumers who are seeking Instagrammable food and drinks, and the vibrant colors and creative presentations of frozen cocktail popsicles make them an appealing option.
Report Coverage
This research report categorizes the market for the United States frozen cocktail popsicles market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States frozen cocktail popsicles market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States frozen cocktail popsicles market.
United States Frozen Cocktail Popsicles Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 29.17 Million |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 19.65% |
2033 Value Projection: | USD 175.36 Million |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Distribution Channel |
Companies covered:: | Cooloo, SHOOTER POPS, LLC - CLAFFEY’S COCKTAILS, Cutwater Spirits, Fishers Island Lemonade, American Beverage Corporation - Daily’s Cocktails, FrutaPop, LIC Frozen Cocktails, Slim Chillers, SnöBar, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
Summertime brings with it the largest demand for frozen cocktail popsicles in the United States because of outdoor activities like music festivals, beach parties, and barbecues. By introducing limited-edition releases, promotional campaigns, and seasonal flavors, manufacturers take advantage of consumer demand. Additionally, social media platforms are a major factor in increasing demand, interaction, and visibility for the United States frozen cocktail popsicle market. User-generated content, viral trends, and influencer marketing all help increase brand awareness and customer interest, particularly with younger audiences. Furthermore, the accessibility and exposure to a broader customer base that comes with frozen cocktail popsicles in retail channels including supermarkets, convenience stores, liquor stores, and specialty merchants promote the United States frozen cocktail popsicle market expansion and penetration.
Restraining Factors
Specialized facilities, machinery, and procedures are needed to produce frozen cocktail popsicles to guarantee product safety, consistency, and quality. Concerns about production capacity, distribution logistics, and supply chain management may make it more difficult for manufacturers to expand and grow their companies. These reasons could potentially hinder the United States frozen cocktail popsicle market.
Market Segment
- In 2023, the margarita pops segment accounted for the largest revenue share over the forecast period.
Based on type, the United States frozen cocktail popsicles market is segmented into margarita pops, daiquiri pops, and others. Among these, the margarita pops segment has the largest revenue share over the forecast period. The base of a traditional margarita is created by continuously mixing tequila, lime juice, sugar, salt, and water to create margarita frozen cocktail popsicles. Margaritas are naturally versatile, so anyone can make many different kinds. Producers can experiment with different fruit infusions, amounts of spice, and rim selections, giving customers a wide range of creative and alluring margarita popsicle possibilities.
- In 2023, the online segment is witnessing significant growth over the forecast period.
Based on the distribution channel, the United States frozen cocktail popsicle market is segmented into specialty stores, online, and others. Among these, the online segment is witnessing significant growth over the forecast period. The consumer experience is improved overall when it is simple to browse different options, place purchases, and have them delivered right to their door. Diverse marketing tactics, such as influencer partnerships, social media campaigns, and targeted advertising, are made possible by online platforms. These techniques assist companies in developing a strong online presence, drawing in new clients, and cultivating brand loyalty.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States frozen cocktail popsicles market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cooloo
- SHOOTER POPS, LLC - CLAFFEY’S COCKTAILS
- Cutwater Spirits
- Fishers Island Lemonade
- American Beverage Corporation - Daily’s Cocktails
- FrutaPop
- LIC Frozen Cocktails
- Slim Chillers
- SnöBar
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2023, along with a variety pack, Fishers Island Lemonade announced the arrival of two new flavors: Nude Peach and Blueberry Wave. Additionally, the company modified its packaging by adding lifestyle aesthetics and transitioning to paperboard wrap. The brand uses quality vodka, barrel-aged whiskey, lemon, and honey in its dual-spirits-based cocktails.
Market Segment
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States Frozen Cocktail Popsicles Market based on the below-mentioned segments:
United States Frozen Cocktail Popsicles Market, By Type
- Margarita Pops
- Daiquiri Pops
- Others
United States Frozen Cocktail Popsicles Market, By Distribution Channel
- Specialty Stores
- Online
- Others
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