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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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
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Competitive Analysis of Ready To Drink Cocktails Market :
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.
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.
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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