According to latest research by Fact.MR, ready to drink margarita 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 for on- the go drinks are expected to increase the ready to drink margarita sales.
In past few years, the ready to drink margarita sales has went north, owing to increasing number of customers preferring ready to drink margarita due to their non- alcoholic content. This is expected to project lucrative opportunity for the ready to drink margarita demand.
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Key Segments
By Product Outlook
- Plain
- Flavored
By Packaging Outlook
- Cannes
- Glass Bottles
By Distribution channel
- Direct Sales/B2B
- Indirect Sales/B2C
- Hotels/Restaurants
- Modern Groceries
- Online Retail
- 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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Who are the Key Manufacturers and Suppliers of Ready to Drink Margarita?
Some key market participants of the key ready to drink margarita are
- Jose Cuervo Golden Margarita
- The Ultimate Margarita by 1800
- Chi-Chi’s
- Skinnygirl Margaritas
- Salvador’s
- Bottoms Up Cocktails
COVID-19 Hinder the Global Sales of Ready to Drink Margarita
Ready to drink margarita market witnessed drop in the sales during the pandemic, owing to stringent government regulations for alcohol. Similarly, the ready to drink margarita market showcased shrink in the demand, owing to disruption in the raw material supply and limited distribution performance. However, online retailers supported the demand for ready to drink margarita market to engage stable sales amid pandemic.
However, few months later to pandemic, ready to drink margarita paced up with rising demand in the market, owing to flexible government policy and expansion in the distribution channels. Additionally, consumers started storing the ready to drink margarita, owing to increased shelf life. Especially, end-users also contributed in the ready to drink margarita sales, including restaurants and resorts. These factors are anticipated to increase the ready to drink margarita demand over the foreseeable years.
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