Global Frozen Cocktails Market, By Product Type (Cosmopolitan, Martini, Mojito, Margarita, Strawberry Daiquiri, and Sangria); By Form (Ice Popsicles and Freezer Pouch Drinks), Distribution Channel (Specialty Stores, HORECA, Liquor Stores, and Others), Pricing (Premium, Middle, and Low), Packaging (Glass, Plastic, Metal), By Flavour (Fruit Flavour, Spices Flavour, Herbs Flavour), By End-User (Residential and Commercial) - Industry Trends and Forecast to 2031.
Frozen Cocktails Market Analysis and Size
The global frozen cocktail market is booming, driven by consumer demand for convenient, ready-to-drink options. The market is fueled by busy lifestyles, urbanization, and a desire for unique and healthy alcoholic beverages. Companies are innovating with flavors, packaging, and distribution channels to reach a wider audience.
Data Bridge Market Research analyses that the frozen cocktails market was valued at USD 895.6 million in 2023 is expected to reach the value of USD 1,493.3 million by 2031, at a CAGR of 6.6% during the forecast period of 2024 to 2031. 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.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Product Type (Cosmopolitan, Martini, Mojito, Margarita, Strawberry Daiquiri, and Sangria), Form (Ice Popsicles and Freezer Pouch Drinks), Distribution Channel (Specialty Stores, HORECA, Liquor Stores, and Others) Pricing (Premium, Middle, Low), Packaging (Glass, Plastic, and Metal), Flavour (Fruit Flavour, Spices Flavour, and Herbs Flavour), End-User (Residential and Commercial)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa
|
|
Market Players Covered
|
Manchester Drinks ( U.K.), Harvest Hill Beverage Company (U.S.), LIC Craft Cocktails (London, England), SMART ICE TRADING B.V (Noord-Holland), Snobar Cocktails (U.S.), Constellation Brands Inc. (U.S.), J Marr Group (U.K.), The Absolut Group (Sweden), Arbor Mist Winery (U.S.),and NICE Drinks.( Sweden),
|
|
Market Opportunities
|
The market for frozen cocktails is growing due to its appeal to millennials and increased consumption of frozen beverages.
|
Market Definition
A frozen cocktail is a beverage made by blending or shaking together spirits, liqueurs, juices, syrups, and ice served in a frozen or slushy consistency. Popular flavors include margaritas, daiquiris, and piña coladas, with innovative variations gaining traction They are typically sold in single-serving containers, such as popsicles or pouches, and can be alcoholic or non-alcoholic. These cocktails are served cold and often feature a refreshing and icy texture, making them particularly popular in warm climates or during the summer months. Frozen cocktails can encompass a wide range of flavors and styles, including traditional options margaritas, daiquiris, and piña coladas and creative and innovative variations that cater to diverse taste preferences.
Global Frozen Cocktail Market Dynamics
Drivers
- Increasing Demand for Ready-To-Drink Options
The escalating demand for convenient, flavorful, and refreshing alcoholic beverages, especially among millennials and Gen Z, is driving the growth of the frozen cocktail market. Consumers seek hassle-free options that fit their busy lifestyles, making frozen cocktails an attractive choice with minimal preparation requirements. Offering a diverse range of flavors, from classic favorites to innovative blends, frozen cocktails cater to various taste preferences, appealing to consumers seeking novelty. Their refreshing nature makes them particularly popular in warm climates or during summer, perfect for outdoor gatherings. Additionally, the trend towards premiumization within the alcoholic beverage industry extends to frozen cocktails, with consumers willing to invest in top-quality ingredients and gourmet offerings. The convergence of convenience, flavor variety, refreshment, and premiumization positions frozen cocktails for continued growth and innovation in the evolving beverage market.
Opportunity
- Increasing Demand for Convenient, Flavorful, and Premium Alcoholic Beverages
The opportunity in the frozen cocktail market lies in catering to the increasing demand for convenient, flavorful, and premium alcoholic beverages, particularly among millennials and Gen Z consumers. With busy lifestyles becoming the norm, there is a growing need for ready-to-drink options that offer minimal preparation time. Businesses can tap into various consumer preferences and occasions, such as outdoor gatherings or leisurely social events by offering a diverse range of innovative flavors and leveraging the inherent refreshment of frozen cocktails. In addition, the trend towards premiumization presents an opportunity to differentiate products by using high-quality ingredients and offering gourmet options. Moreover, expanding distribution channels, investing in marketing strategies that resonate with target demographics, and continuously innovating with new flavors and packaging formats can further capitalize on the market opportunity and drive growth in the frozen cocktail segment.
Restraints/Challenges
- Health and Wellness Trends
Health and wellness trends significantly impact the frozen cocktail market, prompting consumers to seek lighter, natural, and nutritionally conscious options. This includes preferences for lower-calorie, natural ingredient-based cocktails and functional ingredients with perceived health benefits. Frozen cocktails can often have a high alcohol content, especially if they're made with multiple types of liquor or served in large sizes. Excessive alcohol consumption can lead to impaired judgment, coordination, and cognitive function. Many frozen cocktails are high in sugar and calories due to the added mixers and syrups. Consuming too many high-calorie drinks can contribute to weight gain and other health issues such as diabetes and heart disease. Alcohol is a diuretic, meaning it causes your body to lose fluids, which can lead to dehydration if not properly countered by drinking water. Frozen cocktails may mask the taste of alcohol, leading people to consume more than they would with other types of drinks, thereby increasing the risk of dehydration. While not as serious as other concerns, brain freeze (or "ice cream headache") can be a temporary discomfort experienced when consuming frozen drinks too quickly.
This global frozen cocktails 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 global frozen cocktails market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- Starbucks launched two new summer drinks: Chocolate Java Mint Frappuccino and White Chocolate Macadamia Cream Cold Brew, along with a new coffee blend, Green Apron Blend.
- A new restaurant called Verde Garden is opening in Montrose, Houston, offering Tex-Mex cuisine with a twist and featuring 12 specialty frozen margaritas on their extensive cocktail menu.
Global Frozen Cocktails Market Scope
The global frozen cocktails market is segmented on the basis of product type, form, distribution channel, pricing, packaging, flavour, and end-user. The growth amongst these segments will help you analyze meager 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.
Product Type
- Cosmopolitan
- Martini
- Mojito
- Margarita
- Strawberry Daiquiri
- Sangria
Form
- Ice Popsicles
- Freezer Pouch Drinks
Distribution Channel
- Specialty Stores
- HORECA
- Liquor Stores
- Others
Pricing
- Premium
- Middle
- Low
Packaging
- Glass
- Plastic
- Metal
Flavour
- Fruit Flavour
- Spices Flavour
- Herbs Flavour
End-User
- Residential
- Commercial
Frozen Cocktails Market Regional Analysis/Insights
The global frozen cocktails market is analyzed and market size insights and trends are provided by product type, form, distribution channel, pricing, flavour, and end-user.
The countries covered in the global frozen cocktails market report are the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.
Europe is the fastest growing and is expected to dominate the region due to rising disposable income, seasonal influence, and cultural factors in the region that are propelling the market growth.
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 Frozen Cocktails Market Share Analysis
The global frozen cocktails 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 the market.
Some of the major players operating in the global frozen cocktails market are:
- Manchester Drinks ( U.K.)
- Harvest Hill Beverage Company (U.S.)
- LIC Craft Cocktails (London, England)
- SMART ICE TRADING B.V (Noord-Holland)
- Snobar Cocktails (U.S.)
- Constellation Brands Inc. (U.S.)
- J Marr Group (U.K.)
- The Absolut Group (Sweden)
- Arbor Mist Winery (U.S.)
- NICE Drinks( Sweden)
SKU-