RTD cocktails market expected to grow at 12.10% CAGR
The ready-to-drink cocktails market by distribution channel and geography is expected to grow by USD 584.19million from 2020 to 2025 at a CAGR of 12.10%, according to a new report.
One of the primary factors that will drive market growth is the growing demand for low-alcoholic flavoured drinks.
The ready to drink cocktails market report provides an understanding of this and all the other drivers that are likely to impact market growth.
These insights will enable clients to design growth strategies that will leverage opportunities and neutralise challenges effectively.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
In a bid to help players strengthen their market foothold, the ready-to-drink cocktails market forecast report provides a detailed analysis of the leading market vendors.
The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Anheuser Busch InBev SA/NV, Asahi Group Holdings Ltd., Bacardi Ltd., Brown Forman Corp., Crook and Marker LLC., Cutwater Spirits, LLC., Diageo Plc, Dogfish Head Craft Brewery Inc., MIKES HARD LEMONADE Co., and SHANGHAI BACCHUS LIQUOR Co., Ltd. are some of the major market participants.
Although the growing demand for low-alcoholic flavoured drinks, premiumisation in terms of taste and quality and product packaging, and growth of convenience products across the world will offer immense growth opportunities, factors such as different taxation for ready-to-drink cocktails are likely to pose a challenge for the market vendors.