The global RTD cocktail market is estimated to be worth US$ 35,321.4 million by 2024. The market is projected to reach a value of US$ 56,652.7 million by 2034, expanding at a CAGR of 4.8% from 2024 to 2034.
Attributes | Key Insights |
---|---|
Estimated Global Ready-to-drink Cocktail Market Size (2024E) | US$ 35,321.4 million |
Projected RTD Cocktail Market Value (2034F) | US$ 56,652.7 million |
Value-based CAGR (2024 to 2034) | 4.8% |
The demand for RTD cocktails is growing as they offer a hassle-free and time-saving option to consumers who want to enjoy a cocktail without the need for traditional cocktail preparation. RTD cocktails’ portability and convenience in carrying them anywhere and consuming them anytime is estimated to attract more consumers.
Increasing innovation in flavors is a key factor that is expected to boost the global RTD cocktail market. RTD cocktail manufacturers are catering to consumer preferences by introducing unique flavors and combinations. This allows them to appeal to a broader audience and attract consumers looking for unique and exciting taste experiences.
The growing emphasis of manufacturers on product innovation and expansion is expected to trigger RTD cocktail product sales. Companies are investing in appealing & informative packaging and highlighting the product's benefits to woo customers.
Leading companies are expanding their product lines to include a wide range of RTD cocktails. They use premium, high-quality ingredients, including top-shelf spirits, fresh fruits, and natural flavors.
Manufacturers also host tasting events and provide samples at liquor stores, allowing consumers to experience the product first-hand. This experiential marketing approach is expected to help build brand awareness and encourage trial.
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Global RTD cocktail sales grew at a CAGR of 3.2% from 2019 to 2023.
By 2034, the market for RTD cocktails is expected to surge at 4.8% CAGR.
The table below shows the estimated growth rates of the leading countries. The United States and Germany are set to record high CAGRs of 5.8% and 6.1%, respectively, through 2034.
Countries | Projected CAGR (2034) |
---|---|
United States | 5.8% |
Germany | 6.1% |
The United States RTD cocktail industry is poised to exhibit a CAGR of 5.8% during the assessment period. By 2034, the United States market size is expected to reach US$ 6,815.6 million. Top factors supporting the market’s expansion in the country include:
RTD cocktail demand in Germany is anticipated to rise at a steady CAGR of 6.1% from 2024 to 2034. By 2034, Germany is likely to hold a market share of 19.3% in Europe’s market. This is attributable to a combination of factors, including:
India's RTD cocktail market is expected to reach a valuation of around US$ 4,437.4 million by 2034. Hence, it is set to hold a prominent value share of 18.4% in South Asia’s market. The main factors supporting the country’s growth are:
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The section below shows the vodka segment dominating by product type. It is predicted to hold a market share of 22.8% in 2024. Based on packaging type, the can segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 38.4% in 2024.
Segment | Market Share (2024) |
---|---|
Online Retail (Sales Channel) | 17.6% |
Vodka (Product Type) | 22.8% |
Cans (Packaging Type) | 38.4% |
Flavored (Flavor) | 82.4% |
The online retail segment is anticipated to thrive at 4.1% CAGR during the projection period and reach a market valuation of US$ 13,348.3 million in 2034.
With a market share of around 82.4% in 2024, the flavored segment is projected to reach a valuation of US$ 47,588.3 million in 2034.
Leading RTD cocktail manufacturers are constantly launching new products to meet consumer demand. They are also using strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.
For instance
The market is set to reach US$ 35,321.4 million in 2024.
Demand for RTD cocktail is slated to expand at a 4.8% CAGR by 2034.
The market is set to reach US$ 56,652.7 million in 2034.
Diageo plc, Pernod Ricard, and Bacardi Limited are the key players.
North America is expected to have a market share of 28.6% by 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Segmental Share Analysis
1.3. Dynamics Snapshot
1.4. Wheel of Fortune
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends by Region
3.5. Forecast Factors - Relevance and Impact
3.6. Regulations and Policies
4. Global Market - Pricing Analysis
4.1. Price Point Assessment by Region
4.1.1. Manufacturer Level Pricing
4.1.2. Distributor Level Pricing
4.2. Price Point Assessment by Packaging Type
4.3. Price Point Assessment by Product Type
4.4. Price Forecast till 2034
5. Value Chain Analysis
5.1. Operating margins at each node of supply chain
5.2. List of Active Market Participants
6. Global Market Size in Value (US$ million) and Volume (units) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size in Value (US$ million) and Volume (units) Analysis, 2019 to 2023
6.2. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Sales Channel, 2019 to 2023
7.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Sales Channel, 2024 to 2034
7.3.1. On-trade/ Food Service
7.3.2. Institutional Sales (Hospitality)
7.3.3. Retail
7.3.3.1. Hypermarket/Supermarket
7.3.3.2. Convenience Store
7.3.3.3. Specialty Stores
7.3.3.4. Liquor Shop/Beverage Exclusive
7.3.3.5. Airport Retail
7.3.4. Online Retail
7.4. Market Attractiveness Analysis by Sales Channel
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Product Type, 2019 to 2023
8.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Product Type, 2024 to 2034
8.3.1. Ciders
8.3.2. Gin
8.3.3. Vodka
8.3.4. Wine
8.3.5. Whiskey
8.3.6. Rum
8.3.7. Hard Seltzer
8.3.8. Cocktail (Bourbon, Tequila)
8.4. Market Attractiveness Analysis by Product Type
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Packaging Type
9.1. Introduction / Key Findings
9.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Packaging Type, 2019 to 2023
9.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Packaging Type, 2024 to 2034
9.3.1. Cans
9.3.2. Premixed Cocktail Shots
9.3.3. Bottles
9.4. Market Attractiveness Analysis by Packaging Type
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Flavor
10.1. Introduction / Key Findings
10.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Flavor, 2019 to 2023
10.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Flavor, 2024 to 2034
10.3.1. Unflavored
10.3.2. Flavored
10.3.2.1. Citrus
10.3.2.2. Ginger
10.3.2.3. Apple
10.3.2.4. Vanilla
10.3.2.5. Berry
10.3.2.6. Tropical
10.3.2.7. Coconut
10.3.2.8. Jerk
10.3.2.9. Mixed Fruits
10.3.2.10. Others (Plantain)
10.4. Market Attractiveness Analysis by Flavor
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. Introduction
11.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Region, 2019 to 2023
11.3. Current Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Region, 2024 to 2034
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. Middle East and Africa
11.4. Market Attractiveness Analysis by Region
12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
12.3.1. by Country
12.3.1.1. United States
12.3.1.2. Canada
12.3.2. by Sales Channel
12.3.3. by Product Type
12.3.4. by Packaging Type
12.3.5. by Flavor
12.4. Market Attractiveness Analysis
12.4.1. by Country
12.4.2. by Sales Channel
12.4.3. by Product Type
12.4.4. by Packaging Type
12.4.5. by Flavor
12.5. Key Takeaways
13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ million) and Volume (units) Forecast by Market Taxonomy, 2024 to 2034
13.3.1. by Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Argentina
13.3.1.4. Rest of Latin America
13.3.2. by Sales Channel
13.3.3. by Product Type
13.3.4. by Packaging Type
13.3.5. by Flavor
13.4. Market Attractiveness Analysis
13.4.1. by Country
13.4.2. by Sales Channel
13.4.3. by Product Type
13.4.4. by Packaging Type
13.4.5. by Flavor
13.5. Key takeaways
14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
14.3.1. by Country
14.3.1.1. Germany
14.3.1.2. United Kingdom
14.3.1.3. France
14.3.1.4. Italy
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Nordic
14.3.1.8. Russia
14.3.1.9. Poland
14.3.1.10. Rest of Europe
14.3.2. by Sales Channel
14.3.3. by Product Type
14.3.4. by Packaging Type
14.3.5. by Flavor
14.4. Market Attractiveness Analysis
14.4.1. by Country
14.4.2. by Sales Channel
14.4.3. by Product Type
14.4.4. by Packaging Type
14.4.5. by Flavor
14.5. Key takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
15.3.1. by Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. by Sales Channel
15.3.3. by Product Type
15.3.4. by Packaging Type
15.3.5. by Flavor
15.4. Market Attractiveness Analysis
15.4.1. by Country
15.4.2. by Sales Channel
15.4.3. by Product Type
15.4.4. by Packaging Type
15.4.5. by Flavor
15.5. Key takeaways
16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
16.3.1. by Country
16.3.1.1. India
16.3.1.2. Thailand
16.3.1.3. Malaysia
16.3.1.4. Indonesia
16.3.1.5. Vietnam
16.3.1.6. Philippines
16.3.1.7. Singapore
16.3.1.8. Rest of South Asia
16.3.2. by Sales Channel
16.3.3. by Product Type
16.3.4. by Packaging Type
16.3.5. by Flavor
16.4. Market Attractiveness Analysis
16.4.1. by Country
16.4.2. by Sales Channel
16.4.3. by Product Type
16.4.4. by Packaging Type
16.4.5. by Flavor
16.5. Key takeaways
17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
17.3.1. by Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. by Sales Channel
17.3.3. by Product Type
17.3.4. by Packaging Type
17.3.5. by Flavor
17.4. Market Attractiveness Analysis
17.4.1. by Country
17.4.2. by Sales Channel
17.4.3. by Product Type
17.4.4. by Packaging Type
17.4.5. by Flavor
17.5. Key takeaways
18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023
18.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034
18.3.1. by Country
18.3.1.1. GCC Countries
18.3.1.2. Turkiye
18.3.1.3. Egypt
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. by Sales Channel
18.3.3. by Product Type
18.3.4. by Packaging Type
18.3.5. by Flavor
18.4. Market Attractiveness Analysis
18.4.1. by Country
18.4.2. by Sales Channel
18.4.3. by Product Type
18.4.4. by Packaging Type
18.4.5. by Flavor
18.5. Key takeaways
19. Country-level Market Analysis, 2024
19.1. United States Market Analysis
19.1.1. by Sales Channel
19.1.2. by Product Type
19.1.3. by Packaging Type
19.1.4. by Flavor
19.2. Canada Market Analysis
19.2.1. by Sales Channel
19.2.2. by Product Type
19.2.3. by Packaging Type
19.2.4. by Flavor
19.3. Brazil Market Analysis
19.3.1. by Sales Channel
19.3.2. by Product Type
19.3.3. by Packaging Type
19.3.4. by Flavor
19.4. Mexico Market Analysis
19.4.1. by Sales Channel
19.4.2. by Product Type
19.4.3. by Packaging Type
19.4.4. by Flavor
19.5. Argentina Market Analysis
19.5.1. by Sales Channel
19.5.2. by Product Type
19.5.3. by Packaging Type
19.5.4. by Flavor
19.6. Germany Market Analysis
19.6.1. by Sales Channel
19.6.2. by Product Type
19.6.3. by Packaging Type
19.6.4. by Flavor
19.7. United Kingdom Market Analysis
19.7.1. by Sales Channel
19.7.2. by Product Type
19.7.3. by Packaging Type
19.7.4. by Flavor
19.8. France Market Analysis
19.8.1. by Sales Channel
19.8.2. by Product Type
19.8.3. by Packaging Type
19.8.4. by Flavor
19.9. Italy Market Analysis
19.9.1. by Sales Channel
19.9.2. by Product Type
19.9.3. by Packaging Type
19.9.4. by Flavor
19.10. Spain Market Analysis
19.10.1. by Sales Channel
19.10.2. by Product Type
19.10.3. by Packaging Type
19.10.4. by Flavor
19.11. BENELUX Market Analysis
19.11.1. by Sales Channel
19.11.2. by Product Type
19.11.3. by Packaging Type
19.11.4. by Flavor
19.12. Nordic Market Analysis
19.12.1. by Sales Channel
19.12.2. by Product Type
19.12.3. by Packaging Type
19.12.4. by Flavor
19.13. Russia Region Market Analysis
19.13.1. by Sales Channel
19.13.2. by Product Type
19.13.3. by Packaging Type
19.13.4. by Flavor
19.14. Poland Market Analysis
19.14.1. by Sales Channel
19.14.2. by Product Type
19.14.3. by Packaging Type
19.14.4. by Flavor
19.15. China Market Analysis
19.15.1. by Sales Channel
19.15.2. by Product Type
19.15.3. by Packaging Type
19.15.4. by Flavor
19.16. Japan Market Analysis
19.16.1. by Sales Channel
19.16.2. by Product Type
19.16.3. by Packaging Type
19.16.4. by Flavor
19.17. South Korea Market Analysis
19.17.1. by Sales Channel
19.17.2. by Product Type
19.17.3. by Packaging Type
19.17.4. by Flavor
19.18. India Market Analysis
19.18.1. by Sales Channel
19.18.2. by Product Type
19.18.3. by Packaging Type
19.18.4. by Flavor
19.19. Thailand Market Analysis
19.19.1. by Sales Channel
19.19.2. by Product Type
19.19.3. by Packaging Type
19.19.4. by Flavor
19.20. Malaysia Market Analysis
19.20.1. by Sales Channel
19.20.2. by Product Type
19.20.3. by Packaging Type
19.20.4. by Flavor
19.21. Indonesia Market Analysis
19.21.1. by Sales Channel
19.21.2. by Product Type
19.21.3. by Packaging Type
19.21.4. by Flavor
19.22. Vietnam Market Analysis
19.22.1. by Sales Channel
19.22.2. by Product Type
19.22.3. by Packaging Type
19.22.4. by Flavor
19.23. Philippines Market Analysis
19.23.1. by Sales Channel
19.23.2. by Product Type
19.23.3. by Packaging Type
19.23.4. by Flavor
19.24. Singapore Market Analysis
19.24.1. by Sales Channel
19.24.2. by Product Type
19.24.3. by Packaging Type
19.24.4. by Flavor
19.25. Australia Market Analysis
19.25.1. by Sales Channel
19.25.2. by Product Type
19.25.3. by Packaging Type
19.25.4. by Flavor
19.26. New Zealand Market Analysis
19.26.1. by Sales Channel
19.26.2. by Product Type
19.26.3. by Packaging Type
19.26.4. by Flavor
19.27. GCC Countries Market Analysis
19.27.1. by Sales Channel
19.27.2. by Product Type
19.27.3. by Packaging Type
19.27.4. by Flavor
19.28. Turkiye Market Analysis
19.28.1. by Sales Channel
19.28.2. by Product Type
19.28.3. by Packaging Type
19.28.4. by Flavor
19.29. Egypt Market Analysis
19.29.1. by Sales Channel
19.29.2. by Product Type
19.29.3. by Packaging Type
19.29.4. by Flavor
19.30. South Africa Market Analysis
19.30.1. by Sales Channel
19.30.2. by Product Type
19.30.3. by Packaging Type
19.30.4. by Flavor
20. Market Structure Analysis
20.1. Global Market Competition - a Dashboard View
20.2. Industry Structure Analysis
20.2.1. % tier 1 Market players
20.2.2. % tier 2 Market players
20.2.3. % tier 3 Market players
20.3. Global Market Company Share Analysis
20.3.1. For Tier 1 Market Players, 2023
20.3.2. Company Market Share Analysis of Top 5 Players, by Region
20.4. Key Participants Market Presence (Intensity Mapping) by Region
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Diageo plc
21.3.1.1. Product Portfolio
21.3.1.2. Product Claim
21.3.1.3. Revenue by Market Segments (Product/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.1.5.1. Marketing Strategy
21.3.1.5.2. Product Strategy
21.3.1.5.3. Channel Strategy
21.3.1.6. SWOT Analysis
21.3.2. Pernod Ricard
21.3.3. Bacardi Limited
21.3.4. Brown-Forman Corporation
21.3.5. Beam Suntory Inc.
21.3.6. Mark Anthony Brands
21.3.7. Pabst Brewing Company LLC
21.3.8. The Coca- Cola Company
21.3.9. Anheuser-Busch InBev
21.3.10. Campari Group
21.3.11. Others (On Additional Request)
22. Assumptions and Acronyms
23. Research Methodology
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