Ready To Drink Cocktails Market
Ready To Drink Cocktails Market Analysis, By Product Outlook (Plain, Flavored), By Product Type (Malt-based, Spirit-based), By Packaging Outlook (Bottle, Cans), By Distribution channel (Hotels/Restaurants, Modern Groceries) & By Region Forecast - Global Review 2021 to 2031
Analysis of Ready To Drink Cocktails Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Ready To Drink Cocktails Market to Expand at a CAGR of over 9%
According to latest research by Fact.MR, ready to drink cocktails market is projected to grow at a steady pace during 2021-2031.While the market is set to show recovery from crisis in the mid-term of the projection period, for the long term, demand is expected to showcase higher than the historical growth. Rising demand of low-content alcohol coupled with availability of different type of flavors is expected to surge the ready to drink cocktails demand. Additionally, flavored on- the-go cocktails is gaining popularity amongst youth population, which in turn has been further propelling the ready to drink cocktails demand.
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What is Driving Ready to Drink Cocktail Sales?
In recent past, consumers are shifting towards convenient form of alcoholic beverage including ready to drink cocktails. Key players in the market have been utilizing this lucrative opportunity, owing to increase in customer base by introducing new ready to drink cocktails in the market. For instance, Jim Beam has recently launched canned alcohol beverage including, two ready- to-drink cocktails named, The Jim Beam Classic Highball and The Jim Beam Ginger Highball. Thereby, it will expand product portfolio for its ready to drink cocktail.
Similarly, major players in the market are expanding their production capacity and forming growth strategies in order to address the upscaling ready to drink cocktails demand. For instance, Diageo North America Inc. has expanded its manufacturing footprint in Plainfield and installed two ready to drink cocktails lines. The company invested over US $80 million, to increase its production capacity by producing 25 million canes of ready to drink cocktails, per year. This is indicative of growing ready to drink cocktails sales.
COVID-19 Hinder the Global Sales of Ready to Drink Cocktails
COVID-19 showcased a momentary impact on the ready to drink cocktails sales, leading to a drastic drop in the consumption and disrupted supply chains. During the pandemic, many ready to drink cocktails manufacturers postponed their several product launches due to heavy impact on the ready to drink cocktails market. For instance, Cutwater Spirts postponed the release of new co-branded canned cocktails with eye-catching 6MLB packaging amid pandemic and shifted the launch to April 2021.
Similarly, governments in East and South Asian countries have imposed stringent regulations impacting complete halt in hotel and restaurants’ overall operation, which in turn significantly impacting the ready to drink cocktail sales. However, with flexible government regulation, market is expected to achieve stable growth over foreseeable years.
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US and Canada Ready to Drink Cocktails Demand Outlook
North America portrayed rapid growth in the ready to drink cocktail sales, owing to growing number of flavored alcohol beverage consumers. Additionally, U.S. and Canada both have been broadening their distribution reach of ready to drink cocktails due to presence of almost all major players in the region, including Savage and Cooke, Crown Royal, and others.
In past few years, consumption of ready-to-drink cocktails in people aged between 18-25 years has significantly increased in the region. For instance, in 2018, ready to drink cocktail was most commonly consumed by younger people, aged between 18-29 years. On the contrary, less than 10% of people age 50 to 70 had tried low- alcoholic beverages.
Similarly, U.S ready to drink cocktails demand has also boosted during summer season due to preference for chilled drinking beverage. For instance, it is reported that ready to drink sales went north during summer months, especially during holidays. These key factors contribute to increasing U.S ready to drink cocktails demand.
Europe Demand Outlook for Ready to Drink Cocktails
Similar to their North American counterparts, European countries are also keen towards ready to drink cocktails consumption. Some of the European countries including Germany, U.K, Italy, and Spain are witnessing significant reduction in the alcoholic drink’s sales. Additionally, crucial factor supporting the Europe ready to drink cocktails sales is limited number of alcohol drinkers in the region.
For instance, according to Eurostat Statistics Explained, in 2014, one quarter of the European population did not drink any alcohol. Thereby, consumers are preferring ready to drink cocktail, owing to low content alcohol level. These key factors are indirectly offering lucrative opportunity for the Europe ready to drink cocktails sales.
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Who are the Key Manufacturers of Ready to Drink Cocktails?
Some of the key market participants of the key ready to drink cocktails are
- Jim Beam
- Cutwater Spirits
- Savage and Cooke
- Crown Royal
- Diageo North America
- Crook & Marker
- Dogfish Head Distilling Co.
- Molson Coors Beverage Co.
- Brown-Forman
- Pernod Ricard
- Bacardi Ltd.
- Asahi Group Holdings, Ltd.
- Halewood Wines & Spirits
- Manchester Drinks
- Others.
Some of the emerging manufacturers of ready to drink cocktails in China includes
- Beer in China
- Breweries in China
- Hangzhou Wahaha Group
- Others.
Ready to Drink Cocktails Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
By Product Outlook:
- Plain
- Flavored
By Product Type:
- Malt-based
- Spirit-based
- Wine-based
By Packaging Outlook:
- Bottle
- Cans
By Distribution channel:
- Hotels/Restaurants
- Modern Groceries
- Online Retail
- Liquor Stores
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Outlook 6.2. Product Type 6.3. Packaging Outlook 6.4. Distribution Channel 7. Global Market Analysis and Forecast, By Product Outlook 7.1. Plain 7.2. Flavored 8. Global Market Analysis and Forecast, By Product Type 8.1. Malt-based 8.2. Spirit-based 8.3. Wine-based 9. Global Market Analysis and Forecast, By Packaging Outlook 9.1. Bottle 9.2. Cans 10. Global Market Analysis and Forecast, By Distribution Channel 10.1. Hotels/Restaurants 10.2. Modern Groceries 10.3. Online Retail 10.4. Liquor Stores 10.5. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Product Outlook, Product Type, Packaging Outlook, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Jim Beam 21.2. Cutwater Spirits 21.3. Savage and Cooke 21.4. Crown Royal 21.5. Diageo North America 21.6. Crook & Marker 21.7. Dogfish Head Distilling Co. 21.8. Molson Coors Beverage Co. 21.9. Brown-Forman 21.10. Pernod Ricard 21.11. Bacardi Ltd. 21.12. Asahi Group Holdings, Ltd. 21.13. Halewood Wines & Spirits 21.14. Manchester Drinks
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Outlook
Table 3: Global Market US$ Mn Forecast by Product Type
Table 4: Global Market US$ Mn Forecast by Packaging Outlook
Table 5: Global Market US$ Mn Forecast by Distribution Channel
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Product Outlook
Table 8: North America Market US$ Mn Forecast by Product Type
Table 9: North America Market US$ Mn Forecast by Packaging Outlook
Table 10: North America Market US$ Mn Forecast by Distribution Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Product Outlook
Table 13: Latin America Market US$ Mn Forecast by Product Type
Table 14: Latin America Market US$ Mn Forecast by Packaging Outlook
Table 15: Latin America Market US$ Mn Forecast by Distribution Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Product Outlook
Table 18: Western Europe Market US$ Mn Forecast by Product Type
Table 19: Western Europe Market US$ Mn Forecast by Packaging Outlook
Table 20: Western Europe Market US$ Mn Forecast by Distribution Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Product Outlook
Table 23: Eastern Europe Market US$ Mn Forecast by Product Type
Table 24: Eastern Europe Market US$ Mn Forecast by Packaging Outlook
Table 25: Eastern Europe Market US$ Mn Forecast by Distribution Channel
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Product Outlook
Table 28: East Asia Market US$ Mn Forecast by Product Type
Table 29: East Asia Market US$ Mn Forecast by Packaging Outlook
Table 30: East Asia Market US$ Mn Forecast by Distribution Channel
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Product Outlook
Table 33: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 34: South Asia & Pacific Market US$ Mn Forecast by Packaging Outlook
Table 35: South Asia & Pacific Market US$ Mn Forecast by Distribution Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Product Outlook
Table 38: MEA Market US$ Mn Forecast by Product Type
Table 39: MEA Market US$ Mn Forecast by Packaging Outlook
Table 40: MEA Market US$ Mn Forecast by Distribution Channel
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Outlook
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Packaging Outlook
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
At what rate will Ready to Drink Cocktails market grow from 2021 to 2031?
The Ready to Drink Cocktails market is expected to grow at a 13.4% CAGR from 2021 to 2031
What is the expected market value for the Ready to Drink Cocktails market in 2031?
By 2031-end, Ready to Drink Cocktails sales are likely to reach US$ 2.4 Billion
Which are some leading players in the Ready to Drink Cocktails market?
Jim Beam, Cutwater Spirits, Savage and Cooke, Crown Royal, and Diageo North America are some leading Ready to Drink Cocktails market players.
Ready To Drink Cocktails Market