Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the Bottled Cocktail Market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Bottled Cocktail report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Bottled Cocktail market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this Bottled Cocktail market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Bottled Cocktail market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Bottled Cocktail industry, thereby guiding them on the right path.
Data Bridge Market Research analyses that the bottled cocktail market is expected to reach USD 50.28 billion by 2030, which is USD 26.37 billion in 2022, registering a CAGR of 8.40% during the forecast period of 2023 to 2030.
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Market Definition
A cocktail is an alcoholic mixed drink. The most frequently used cocktails are either a combination of spirits or one or more spirits with other ingredients such as flavored syrup, tonic water, fruit juice, or cream. Cocktails differ widely across regions of the globe, and several websites publish both their own interpretations of more famous and older cocktails and original recipes.
Bottled Cocktail Market Dynamics
Drivers
- Surging demand for low alcohol flavoured drinks
Consumers have become more health-conscious in developed countries, thus they are switching to low alcohol flavoured drinks. This alcohol generally comprise a low amount of alcohol which are ranging from 4% to 7% along with added flavours such as cranberry, orange, lemon, and passion fruit, which ultimately attracts health-conscious consumers. Thus, low alcohol by volume drinks have been gaining more traction in last few years Therefore, surging demand for low alcohol flavoured drinks is anticipated to drive the market growth rate.
- Rising popularity of spirit-based cocktails
Spirit-based cocktails are anticipated to maintain their lead in the bottled cocktail market during the forecast period. It generally comprises up to 5% alcohol mixed with other ingredients such as juices and is available in single-serve packaging and numerous flavours. The most frequently used spirits are whiskey, vodka, gin, tequila, and rum. These drinks provide and extensive range of varieties, such as cocktails infused with lavender, ginger, rose, along with spirits, which, in turn, has progressively made them the most favoured low alcoholic beverage. Thus the rising popularity of spirit-based cocktails is anticipated to drive the market growth rate during the forecast period.
Opportunities
- Growing launch of new products
The presence of some well-established market players and several medium and small players characterizes the bottled cocktail market. Companies have been launching new products owing to the increasing demand of cocktail across the globe. For instance, x The Coca-Cola Company has contracted a brand authorization agreement with Constellation Brands Inc. in January 2022, to launch FRESCA Mixed, spirit-based ready-to-drink (RTD) cocktails in the U.S. This brands goal to appeal to consumers seeking higher-quality RTD cocktails and fuller-flavored experiences to bridge between full-flavored bar cocktails and refreshing hard seltzers.
Some of the major players operating in the bottled cocktail market are:
- Bacardi Limited (Bermuda)
- Asahi Group Holdings, Ltd. (Japan)
- The Brown-Forman Corporation (U.S.)
- Halewood International Limited (U.K.)
- Suntory Holdings Limited (Japan)
- JMR Cocktails Limited (New Zealand)
- SHS Group (U.K.)
- Mike's Hard Lemonade Co. (U.S.)
- Castel Group (France)
- Anheuser-Busch InBev SA/NV (Belgium)
- United Brands Company, Inc. (U.S.)
- PernodRicard SA (France)
- The Miller Brewing Company (U.S.)
Report Scope:
- Analysis of market trends influencing the global beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Bottled Cocktail market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
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By Type (Long Drinks, Others), Alcoholic Content (Less Than 5%, 5-8%, More Than 8%), Additive Ingredient (Alcoholic, Non-alcoholic), Primary Ingredient (Malt-Based, Spirit-Based, Wine-Based, Others), Distribution Channel (Store-Based, Non-Store Based)
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