NEWARK, Del, Aug. 09, 2022 (GLOBE NEWSWIRE) -- The global RTD bottled cocktails market is set to witness growth at a CAGR of 10.9% in 2022-2032 and reach a valuation of US$ 45,228.8 Mn by 2032. Digitization has positively influenced the business of RTD bottled cocktails at some point- whether it is a multinational corporation (MNC) or a small or medium enterprise (SME). The importance of going digital in the RTD bottled cocktails market is not a passing trend, rather it is a permanent new reality for the alcoholic beverage industry.
As a result, alcohol e-commerce, specifically RTD bottled cocktails, will experience a long-term boost, which can turn into a permanent way of enjoying drinks and beverages among consumers during the assessment period. As per research, online alcohol sales went up by 231% in the U.S. during March and April 2020, compared to the same period in 2019.
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Key Takeaways: RTD Bottled Cocktails Market
- The RTD bottled cocktails market is expected to expand at CAGRs of 1% and 11.7% in East Asia and South Asia, respectively, through 2032.
- North America and Europe RTD bottled cocktails markets are projected to generate 1% and 27.5% shares, respectively, in 2022.
- The Latin America RTD bottled cocktails market is currently pegged at 2,11,365 trillion liters in terms of volume.
- By sales channel, the online retail segment is set to expand at a CAGR of 1% in the forecast period (2022-2032).
- Based on packaging, the glass segment is anticipated to generate a RTD bottled cocktails market share of nearly 0% in 2022.
“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: RTD Bottled Cocktails Market
Key manufacturers of RTD bottled cocktails are mainly focusing on research and development activities to add value to their existing product portfolios. They are also striving to enhance their quality and product ranges by adopting advanced technologies and equipment.
- In July 2022, Thomas Ashbourne, a producer of craft spirits, launched four premixed cocktails specially curated by its celebrity founding partners, namely, Playboi Carti, Ashley Benson, John Cena, and Sarah Jessica Parker.
- In November 2020, Dutch drinks firm De Kuyper launched ready-to-drink cocktails with different flavors from berry, citrus, and fruits in the U.K, China, and the Netherlands.
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The study offers compelling insights based on product type (cider, gin, vodka, wine, whiskey, rum, hard sheltzer, cocktail), flavor (natural/unflavored, flavored), price range (economic, mid-range, premium), sales channel (on-trade/food service, institutional sale, retail, online retail), and packaging (glass, plastic) across seven major regions of the world.
RTD Bottled Cocktails Market Outlook by Category
By Product Type:
- Cider
- Gin
- Vodka
- Wine
- Whiskey
- Rum
- Hard Sheltzer
- Cocktail
By Flavour:
- 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
- Hyper Market/Super market
- Convenience Store
- Specialty Stores
- Liquor Shop/Beverage Exclusive
- Airport Retail
- Online Retail
By Packaging:
- Glass
- Plastic
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. The Massive Impact of the Crisis
3.1. Global RTD Bottled Cocktails Market Forecast Scenario Comparison of Annual Growth Rates for Sshort Term (2022-2026) and Long Term (2027-2032)
3.1.1. Optimistic Scenario
3.1.1.1. China
3.1.1.2. US
3.1.1.3. India
3.1.1.4. Euro Zone
3.1.1.5. Asia Pacific
3.1.1.6. Rest of the World
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Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain
RTD Cocktails Market Size: RTD cocktail market is growing at a robust 11.6% CAGR, the market valuation will top US$ and is projected to reach US$ 104.9 Bn by 2032.
RTD Canned Cocktail Market Share: RTD canned cocktail market size was valued at US$ 19.06 Bn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.6% from 2022 to 2032.
RTD Cocktail Shots Market Trends: RTD cocktail shots market is expected to increase at a CAGR of 10.0% to reach the value of US$ 9,633 Mn in 2032.
Dry Mixes Market Demand: Dry mixes market is anticipated to be valued at US$ 8,700.0 Million in 2022, forecast to grow at a CAGR of 5.9% to be valued at US$ 15,434.0 Million from 2022 to 2032.
Confectionery Ingredients Market Growth: Confectionery ingredients are forecast to incline at a 5.7% value CAGR, reaching US$ 130,743.3 Million from 2022 to 2032.
Banana Milk Market Sales: Banana milk market is expected to reach a market valuation of US$ 29.4 Mn in 2022, with demand increasing at a CAGR of 5.6% over the forecast period.
Plasma Powder Market Outlook: Plasma powder market size is projected to exceed US$ 2.8 Bn in 2022 and is estimated to exhibit growth at 5.2% CAGR between 2022 and 2032.
Frozen Pet Food Market Value: Frozen pet food market is expected to reach market valuation of US$ 14 Bn by 2022, with demand increasing at a CAGR of 5.1% over the assessment period.
Fermented Foods and Beverages Market Growth: Fermented foods and beverages market size reached US$ 575.6 Bn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, totaling around US$ 989.2 Bn by 2032.
Egg Albumin Protein Market Share: Egg albumin protein market is expected to reach a valuation of US$ 1.42 Bn by the end of 2022, accelerating at a CAGR of 7.3% during 2022-2032.
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