The Ready To Drink Cocktails Market is being driven by Rise in collaboration between market vendors
The Ready To Drink Cocktails Market is expected to grow at a CAGR of 14.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2932.8 million. In the burgeoning ready to drink cocktails (RTD) market, manufacturers are catering to the growing demand for low-alcohol beverages from novice consumers. To attract this demographic, brands are innovating by introducing new product offerings and unique flavors. These RTD cocktails consist of a blend of one or more spirits combined with natural fruit juices and other ingredients, such as lime, ginger, mango, and raspberry. Notable brands are continually launching new flavors, including peach, pineapple, and grapefruit, to captivate consumers and expand their product portfolios in the global RTD cocktails market.
Get more information on Ready To Drink Cocktails Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
204 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.4% |
Market growth 2025-2029 |
USD 2932.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
12.3 |
Key countries |
US, Germany, China, UK, Japan, Canada, France, India, Spain, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Ready-to-Drink Cocktails market is witnessing a surge in demand due to health-conscious consumers seeking lower alcohol content in their beverages. Brands like White Claw leading the trend with spirit-based cocktails in metal cans, featuring flavors such as gin, tequila, vodka, and organic options. Consumers prioritize gluten-free, natural, keto-friendly, and low-calorie, low-carbohdrate beverages packaged in cans, boxes, or tetra packs. E-commerce sales are on the rise as consumer lifestyle choices shift towards convenience. Amidst growing health consciousness, the market faces increasing pressure to address alcohol-related health problems. Alcoholic beverages like beer also offer low-alcohol and gluten-free options to cater to this changing market landscape.
The Ready To Drink Cocktails (RTD) market encompasses businesses specializing in the production and packaging of low-alcohol, flavored beverages. Factors driving market growth include the increasing preference for health-conscious options and the convenience they offer. These beverages, often containing gin, tequila, or other spirits, are available in organic and gluten-free varieties to cater to diverse consumer needs. Despite their alcohol content, they are classified as beverages and excluded from the global packaged foods and meats market, which focuses on non-alcoholic processed foods. Market size is determined by the combined revenue generated by these vendors, excluding manufacturers of food processing equipment or alcoholic beverages. The market's expansion is fueled by the health benefits associated with the consumption of minimally processed foods, including increased nutrient intake of vitamins A and C, folate, dietary fiber, and potassium.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted