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.
The global RTD bottled cocktails market Opportunities are 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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More Valuable Insights on RTD Bottled Cocktails Market:
Future Market Insights, in its new report, offers an impartial analysis of the global RTD bottled cocktails market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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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Frequently Asked Questions
- How big is the RTD bottled cocktails market?
- At what CAGR is the RTD bottled cocktails market poised to expand through 2032?
- At what CAGR did the RTD bottled cocktails market grow over the past half-decade?
- What will be the RTD bottled cocktails market size in 2032?
- What are the key drivers of RTD bottled cocktails market?
- How are key players aiming to increase sales in the RTD bottled cocktails market?
- Who are the key players operating in the RTD bottled cocktails market?
- Which are the top countries driving the RTD bottled cocktails market?
- What is the North America RTD bottled cocktails market outlook?
- What is the share of India in the South Asia RTD bottled cocktails market?
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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