Uploaded on Nov 16, 2021
Rising consumer demand for convenient forms of alcoholic beverages such as alcopops and ready-to-drink cocktails is contributing significantly to the market growth.
Ready To Drink Cocktails Market Size, Share, Recent Trends and Growth Report, Forecast by 2028
Ready To Drink Cocktails Market Insights: Top Impacting
Factors, Growth Analysis and Industry Predictions
The global Ready To Drink Cocktails Market is expected to be valued at USD 1.82 Billion in 2028, registering a
CAGR of 12.1% through the forecast period. Soaring demand for varied flavored drinks with limited alcohol
because of the rising health consciousness worldwide is a crucial factor promoting the market growth.
Convenience, premiumization, and on-the-go trends among youth population or millennials are further fueling
the market. Additionally, consumers are seeking out various convenient beverages like ready-to-drink (RTD)
cocktails and alcopops, for not preferring spending time at restaurants or bars. These alcoholic beverages have
gained enormous demand among the teenage population inclined towards products that cater to their social
lifestyle. Furthermore, the escalating need for outdoor picnics, pool-side parties, social gatherings is further
benefitting the industry for RTD cocktails.
The COVID-19 Impact:
The pandemic outbreak raised a global concern and had a negative impact on the sector of food and beverages,
with the sudden shutdown of manufacturing facilities. As the COVID crisis has elevated, the primary focus was on
curbing the SARS-CoV-2’s spread among the healthcare professionals. However, to curb revenue losses any
further, the industry players are highly focusing on accelerating their operations along with fostering their supply
chains.
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For the purpose of this report, Reports and Data has segmented the global ready to drink cocktails market on the
basis of product type, packaging, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion, 2020 - 2028)
Malt-based
Spirit-based
Wine-based
Packaging Outlook (Revenue, USD Billion, 2020 - 2028)
Bottle
Cans
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Distribution Channel Outlook (Revenue, USD Billion, 2020 - 2028)
• Supermarkets/Hypermarkets
• Online
• Liquor Stores
Regional Outlook (Revenue, USD Billion, 2020 - 2028)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)
Companies considered and profiled in this market study
• Diageo
• Brown-Forman
• Pernod Ricard
• Bacardi Ltd
• Halewood Wines & Spirits
• Shanghai Bacchus Liquor Co., Ltd
• Suntory Holdings Ltd
• Manchester Drinks
• Asahi Group Holdings, Ltd
• Simple Skiff Beverages, LLC.
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Key questions answered by the report
• At what rate will be the Ready To Drink Cocktails Market grow? What will be the value of the market in
2028?
• What are the key factors driving the Ready To Drink Cocktails Market?
• What would be the impact of Ready To Drink Cocktails Market across different regions?
• What are the strategies adopted by players to enter the APAC region?
• What are the future growth strategies in the Ready To Drink Cocktails Market?
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