The demand for ready-to-drink (RTD) bottled cocktail is poised for significant growth, with a projected CAGR of 10.90% from 2024 to 2034. Valued at US$ 19.58 billion in 2024, the market is expected to reach an estimated valuation of US$ 40.92 billion by 2034. This growth is attributed to the rising demand for hassle-free alternatives to traditional cocktails and the surging popularity of premium and quality cocktails among consumers worldwide.
RTD bottled cocktails have seen impressive growth due to rising consumer demand for convenience and ready-to-drink options. Home-based socializing and a wide range of innovative flavors and premium ingredients have further boosted the market.
Consumers’ increasing preference for on-the-go drinks and the growing popularity of social gatherings and home entertaining are driving the demand for RTD bottled cocktails. Additionally, the shift toward premiumization and the appeal of convenient, high-quality cocktails are attracting a wider range of consumers, including those seeking authenticity and quality in their beverage choices.
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Growing Factors:
- Unique Flavor Profiles: Manufacturers can capitalize on market growth by offering unique and diverse flavor profiles that cater to consumer preferences. By providing a wide range of product lines and focusing on creative packaging options, manufacturers can gain consumer trust and loyalty, thus maximizing market share.
- E-commerce Platforms: The proliferation of e-commerce platforms presents lucrative investment opportunities for manufacturers to promote their products directly to consumers. By leveraging these platforms, manufacturers can establish better consumer relationships, exercise greater control over sales and branding, and benefit from pricing advantages.
Key Takeaways: RTD Bottled Cocktails Market
- The RTD bottled cocktails market is expected to expand at CAGRs of 8% and 11.7% in East Asia and South Asia, respectively, through 2034.
- The RTD bottled cocktail market in the United Kingdom is expected to progress at a CAGR of 7.5% throughout the forecast period.
- North America and Europe RTD bottled cocktails markets are projected to generate 1% and 27.5% shares, respectively, in 2024.
- The United States RTD bottled cocktail market is predicted to grow at a 6.8% CAGR over the next decade.
- The RTD bottled cocktail market in China is expected to register a CAGR of 7.2% through 2034.
- The market is expected to progress at a CAGR of 6.7% in Germany for the forecast period. Escalating demand for on-the-go drinks is driving up the sale of ready-to-drink bottled cocktails in Germany.
“RTD bottled cocktails are expected to showcase high demand among millennials as key players are launching unique products with innovative ingredients and formulations to provide functional health benefits,” says a Future Market Insights analyst.
Competitive Landscape
Leading RTD cocktail producers continue to introduce fresh offerings to fulfill consumer demand. They also use techniques including mergers and acquisitions, partnerships, distribution agreements, collaborations, ads, and celebrity endorsements to achieve a competitive advantage in their industry.
Key Companies Profiled
- Bottoms Up cocktail
- Diageo plc
- Brown Farman
- Bacardi Inc.
- RTM Beverages Ltd.
- The Kraken
- Mark Anthony Group, Inc.
- High West Distillery
- Pernod Ricard SA
- Suntory Holdings Limited
- Others
Recent Development
- In 2022, Indiana-based Three Floyds Distilling launched three premium bottled cocktails, namely Sanctus, Barnabus, and Brutta, which have been carefully crafted using rare and high-quality ingredients. These cocktails have been designed to appeal to discerning consumers who are looking for a more elevated at-home drinking experience. The company’s award-winning line-up of super-premium spirits has been used as the base for these cocktails, ensuring that the quality is consistent with the brand’s reputation for excellence. With this new offering, Three Floyds Distilling aims to expand its customer base and attract those who are looking for a premium and convenient cocktail experience at home.
- In 2022, Brody’s Crafted Cocktails, a leading producer of RTD craft cocktails, expanded its distribution network to Hawaii by partnering with the Republic National Distributing Company, which is one of the largest wholesale distributors of beer, wine, and spirits in the United States. The company has announced that its products will be exclusively available at Foodland locations across Hawaii. Brody’s Crafted Cocktails has gained popularity among consumers for its novel range of RTD premium spirits-based bottled cocktails, which have been carefully crafted using high-quality ingredients.
- In 2021, Captain Morgan, a well-known brand of rum, revamped its portfolio with several updates. It introduced ready-to-drink pre-mixed cocktails in large 1.75-liter bottles in three delicious varieties — Tropical Punch, Mai Tai, and Long Island Iced Tea. In addition, the brand updated the formulation of its flagship product last year to include real vanilla from Madagascar, enhancing its taste and quality.
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Key Segments
By Product Type:
- Cider
- Gin
- Vodka
- Wine
- Whiskey
- Rum
- Hard Seltzer
- Cocktail
By Flavor:
- Natural/Unflavored
- Flavored
- Citrus
- Ginger
- Apple
- Vanilla
- Berry
- Tropical
- Coconut
- Jerk
- Plantain
- Mixed Fruits
- Others
By Price Range:
- Economic
- Mid-range
- Premium
By Sales Channel:
- On-trade/Food Service
- Institutional Sale
- Retail
- Hypermarket/Supermarket
- Convenience Store
- Specialty Stores
- Liquor Shop/Beverage Exclusive
- Airport Retail
- Online Retail
By Packaging:
- Glass
- Plastic
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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