The global RTD cocktail market size is predicted to showcase astonishing growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 36,504 million in 2023. It is anticipated to hit a valuation of US$ 89,334.7 million by 2033. The market is estimated to showcase a staggering CAGR of 9% from 2023 to 2033.
Ready-to-drink cocktails, or RTD cocktails, are packaged alcoholic beverages. Their simple and rapid consumption patterns are anticipated to significantly affect market expansion. Growing urbanisation and shifting consumer inclinations and preferences encourage market expansion. RTD drinks are available in an array of flavours, allowing consumers to select from a broad range of options to suit their preferences. Millennials enjoy their RTD drinks when they go to events, parties, and other social gatherings. It is projected that rising RTD cocktail use, particularly among millennials, will drive market expansion.
Use this research to learn more about the rapidly expanding RTD cocktail industry and try some :
https://www.futuremarketinsights.com/reports/sample/rep-gb-12994
The market is anticipated to rise as a result of the developing e-commerce industry. Customers who purchase RTD cocktails online have a wide selection to pick from. Online shopping’s simplicity and convenience will probably increase sales of RTD cocktails during the projection period. Retailers are increasingly providing personalised recommendations and subscription services in order to meet the increased demand. Online sales of RTD cocktails are expected to rise in popularity and support market progress.
Key Takeaways from RTD Cocktail Industry:
- The global RTD cocktail industry expanded at a modest CAGR of 1.7% from 2018 to 2022.
- In 2018, the global market size stood at US$ 32,851.2 million.
- In 2022, the global RTD cocktail Industry size accounted for US$ 35,100.00 million in 2022.
- The cider segment captured a generous 21.80% market share in 2022.
- In 2022, the flavored RTD cocktail segment captured a staggering 78% market share.
- The can RTD cocktail segment garnered nearly 34% market share in 2022.
- The United States accounted for a whopping 21.6% share of the North America RTD cocktail Industry in 2022.
- India RTD cocktail Industry accounted for 10.1% of the global market share in 2022.
- China held 9.8% of the overall Asia Pacific RTD cocktail share in 2022.
- Germany captured a generous 13.4% share of Europe RTD cocktail Industry
- The United Kingdom captured a modest 7.8% market share in 2022.
Recent Developments Observed by FMI:
- Topo Chico Spirited introduced a new line of RTD cocktails in April 2023. The new RTD cocktails are modelled after traditional cocktails. Tequila & Grapefruit, Tequila & Lime, and Vodka & Lemon are the three brand-new flavours.
- Chicago-based Crafthouse Cocktails introduced two new limited-edition RTD cocktails in March 2023. Vodka Soda and Gin & Tonic, the new flavours, cost about $5.99 per can.
- Molson Coors introduced a new line of non-alcoholic RTD cocktails in January 2023. To replicate the artisanal cocktail experience, the brand-new line known as “Roxie” was introduced.
- Radico Khaitan introduced three new varieties of its “Magic Moments” vodka in India in October 2022. To meet the rising demand for RTD drinks, three new variants—mojito, cola, and cosmopolitan—were introduced.
Welcome to the world of delicious RTD cocktails. Get Your Market Insights Now and Secure It with Just a Click
https://www.futuremarketinsights.com/checkout/12994
RTD Cocktail Market Segmentation
By Product Type:
- Cider
- Gin
- Vodka
- Wine
- Whiskey
- Rum
- Hard Seltzer
- Cocktail
By Flavor:
- Natural/Unflavored
- Flavored
By Packaging:
- Bottle
- Can
By Sales Channel:
- On-trade/Food Service
- Institutional Sale
- Retail
- Online Retail
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Are You Inquiring About the Market for Hard Seltzer and Cocktails in the Future? Consult an Analyst for Detailed Trends and Insights :
https://www.futuremarketinsights.com/ask-question/rep-gb-12994
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
