Global Bottled Cocktail Market, 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) – Industry Trends and Forecast to 2030.
Bottled Cocktail Market Analysis and Size
Primarily, the concept of ready to drink cocktails was launched in a bottle package and became more popular globally. As it thoroughly resembles beer, packaging was done in the glass bottles. Further, the shortage of aluminum in numerous countries, such as the U.S., has led to the introduction of glass bottles for the cockatiel. These market trends augmented demand for glass bottles, eventually enhancing the bottled cocktail's growth across the globe.
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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Bottled Cocktail Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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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.)
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Market Opportunities
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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.
Restraints/ Challenges
- Multiple issues associated with bottled cocktail market
The heavy taxation and duties and numerous health issues related to the consumption of alcohol are anticipated to obstruct the growth of the bottled cocktail market, whereas the religious and cultural beliefs across a number of economies can pose as a major challenge for bottled cocktail market growth in the above mentioned forecast period.
This bottled cocktail market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bottled cocktail market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Bottled Cocktail Market Scope
The bottled cocktail market is segmented on the basis of type, alcoholic content, additive ingredient, primary ingredient and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Bottled Cocktail Market Regional Analysis/Insights
The bottled cocktail market is analyzed and market size insights and trends are provided by country, type, alcoholic content, additive ingredient, primary ingredient and distribution channel as referenced above.
The countries covered in the bottled cocktail market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the bottled cocktail market in terms of revenue and market share. This is mainly due to the increase in interest for mixed refreshments and the increase in preference for bottled cocktails among millennial in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the changing lifestyle of consumer lifestyles and high purchasing capacity in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bottled Cocktail Market Share Analysis
The bottled cocktail market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bottled cocktail market.
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.)
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