RTD Bottled Cocktails Market to Exhibit 10.9% CAGR by 2032 amid Development of Innovative Flavors

By Laura Campbell On Jul 21, 2022

The global RTD bottled cocktails market is set to witness growth at a CAGR of 10.9% in 2022-2032 and reach a valuation of US$ 45,228.8 Mn by 2032. Digitization has positively influenced the business of RTD bottled cocktails at some point- whether it is a multinational corporation (MNC) or a small or medium enterprise (SME). The importance of going digital in the RTD bottled cocktails market is not a passing trend, rather it is a permanent new reality for the alcoholic beverage industry.

As a result, alcohol e-commerce, specifically RTD bottled cocktails, will experience a long-term boost, which can turn into a permanent way of enjoying drinks and beverages among consumers during the assessment period. As per research, online alcohol sales went up by 231% in the U.S. during March and April 2020, compared to the same period in 2019.

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Key Takeaways: RTD Bottled Cocktails Market

The RTD bottled cocktails market is expected to expand at CAGRs of 1% and 11.7% in East Asia and South Asia, respectively, through 2032.
North America and Europe RTD bottled cocktails markets are projected to generate 1% and 27.5% shares, respectively, in 2022.
The Latin America RTD bottled cocktails market is currently pegged at 2,11,365 trillion liters in terms of volume.
By sales channel, the online retail segment is set to expand at a CAGR of 1% in the forecast period (2022-2032).
Based on packaging, the glass segment is anticipated to generate a RTD bottled cocktails market share of nearly 0% in 2022.

“RTD bottled cocktails are expected to showcase high demand among millennials as key players are launching unique products with innovative ingredients and formulations to provide functional health benefits,” says a Future Market Insights analyst.

Competitive Landscape: RTD Bottled Cocktails Market

Key manufacturers of RTD bottled cocktails are mainly focusing on research and development activities to add value to their existing product portfolios. They are also striving to enhance their quality and product ranges by adopting advanced technologies and equipment.

In July 2022, Thomas Ashbourne, a producer of craft spirits, launched four premixed cocktails specially curated by its celebrity founding partners, namely, Playboi Carti, Ashley Benson, John Cena, and Sarah Jessica Parker.
In November 2020, Dutch drinks firm De Kuyper launched ready-to-drink cocktails with different flavors from berry, citrus, and fruits in the U.K, China, and the Netherlands.

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More Valuable Insights on RTD Bottled Cocktails Market:

Future Market Insights, in its new report, offers an impartial analysis of the global RTD bottled cocktails market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (cider, gin, vodka, wine, whiskey, rum, hard sheltzer, cocktail), flavor (natural/unflavored, flavored), price range (economic, mid-range, premium), sales channel (on-trade/food service, institutional sale, retail, online retail), and packaging (glass, plastic) across seven major regions of the world.

Frequently Asked Questions

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Published Thu, 21 Jul 2022 11:57:24 -0500