Ready-To-Drink Cocktails Market Expected to Reach $2009.33 Million by 2030| Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-21  

     

As per Business Intelligence Insights (BII) study, the global Ready-To-Drink Cocktails Market attained revenue growth of USD 750.50 Million in 2021 and it is projected to reach around USD 2009.33 Million by 2030, growing at a 13.10% CAGR.

Ready to drink cocktail is bundled refreshment sold in the pre-arranged structure. The market is expected to be driven by rising demand for flavoured drinks with low alcohol content due to rising health concerns over the forecast period. The market is also likely to be driven by brand extension of the product through tastes, flavor, quality, and package design. The increasing working population, supported by the increasing number of working women, is anticipated to drive the market. Furthermore, the demand is driven by numerous consumers who prefer offering homemade drinks at house parties and social gatherings.

Moreover, expansion in pattern of offering ready to drink cocktails through internet based appropriation channels, particularly on organization possessed sites and online business sites like Drizly, Ace Spirits, and different other territorial online business. Changing lifestyle choices to promote health and the growing trend of responsible drinking are also expected to drive the demand. Furthermore, the availability of organic, gluten-free, and keto-friendly ready-to-drink cocktails is increasingly moving to use these beverages.

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Ready-To-Drink Cocktails Market: Companies Mentioned

•  Asahi Group Holdings, Ltd. 
•  Bacardi Ltd. 
•  Brown-Forman 
•  Diageo 
•  Halewood Wines & Spirits 
•  Manchester Drinks 
•  Mike's Hard Lemonade Co. 
•  Pernod Ricard 
•  Simple Skiff Beverages, LLC

Key Highlights of the Report

•   In 2021, Wine-based cocktails are expected to maintain their lead over the forecast period. and contain high fruit juices such as grapefruit, oranges, passionfruit, lemon, mango, and berries, customers recognize wines to be healthier than spirits and malts, which has fueled the market demand. It also aligns with evolving consumer preferences and a desire to live a healthier lifestyle by shifting to low-ABV beverages. Manufacturers have introduced a national gluten-free, low-carb, organic/natural wine-based cocktails. 

•   In terms of units, the Metal cans are expected to dominant the product segment in the forecast period. Metal cans have been gaining a significant share of the overall Ready to Drink Cocktail market, and this trend is expected to continue during the forecast period. Metal cans are widely used as holders in the beverage industry due to their business advantages, which include strength, multicolor printing, displaying assistance, comfort, and manageability. Furthermore, beverages in metal packaging do not require any increases, need not to lose their nutritional properties, and maintain their original flavour for a long time. 

•   Asia Pacific represented significant portion of the worldwide ready to drink cocktails market in 2021. The market in Asia Pacific is expected to grow at a significant rate over the forecast period, owing to rising demand for comfort products in China, South Korea, Japan, India, and other Southeast Asian countries, which is expected to boost sales of ready-to-drink cocktails during the forecast period. Because of the rising popularity of enhanced ready-to-drink cocktails in the United States, Canada, and Mexico, the market in North America is predicted to expand at a significant rate over the forecast period. These factors are expected to increase demand for ready-to-drink cocktails in the area. 

•   The report contains qualitative and quantitative research on Ready-To-Drink Cocktails Market as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the markets’ main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

On the basis of Alcohol
• Malt Based
• Spirit Based
• Wine Based

On the basis of Primary type
• Rum
• Whiskey
• Vodka
• Wine
• Others

On the basis of Price Category
• Low
• Medium
• High/Premium

On the basis of Packaging Type
• Can
• Bottle
• Others (Squeeze Packaging etc.)

On the Distribution Channel Base
• Online
• Offline

By Region
•  North America
o  U.S.
o  Canada
•  Europe
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Ready-To-Drink Cocktails market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Ready-To-Drink Cocktails Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Ready-To-Drink Cocktails Market Forecast Report 2022- 2030 – Order Now!

About Us

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