Ready To Drink Cocktails Market Analysis | Market anticipating revenue growth by USD 748.7 Mn through 2023-2027
Between 2022 and 2027, the size of the Ready To Drink Cocktails Market is expected to grow by USD 748.7 million, at a compound annual growth rate (CAGR) of 12.42%. The US had the most market share in 2017 with projected revenue of USD 209.77 million.
The market is expanding mainly due to the growing demand for flavored drinks with less alcohol. Modern consumers' growing interest in fitness and health is driving the demand for low-calorie beverages. In the upcoming years, the demand for low-calorie RTD beverages is expected to expand as beverage producers try to keep up with ever-changing lifestyle trends, which will propel the expansion of the worldwide RTD cocktails market.
Snapshot of Ready To Drink Cocktails Market Analysis
Moreover, modern consumers, especially millennials who are health-conscious, have profited from ready-to-drink cocktails. The global RTD cocktail market is thus anticipated to increase at a faster rate throughout the projected period due to consumers' growing interest in health-related issues.
Leading companies such as Brown Forman Corp., Cutwater Spirits LLC, Davide Campari Milano NV, Diageo Plc, Dogfish Head Craft Brewery Inc., House of Monaco, Lucas Bols Amsterdam BV, Manly Spirits Co., Miami Cocktail Co Inc., MIKES HARD LEMONADE Co., Molson Coors Beverage Co., SHANGHAI BACCHUS LIQUOR Co. Ltd., are some of the major market participants and comes with wide range of offerings for the consumers worldwide.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking with profiling of the major market players. Find out more about the market dynamics, trends, and factors that are most likely to affect the market under consideration in our report's extensive study.
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