Market revenue in 2023 | USD 221.1 million |
Market revenue in 2030 | USD 614.8 million |
Growth rate | 15.7% (CAGR from 2023 to 2030) |
Largest segment | Spirit-based |
Fastest growing segment | Spirit-based |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Wine-based, Spirit-based, Malt-based |
Key market players worldwide | Diageo PLC, Brown-Forman Corp Class A, Bacardi, Asahi Group Holdings Ltd, Pernod Ricard SA, Anheuser-Busch InBev SA/NV, Suntory Holdings, The Absolut Company, House of Delola, Halewood International, Shanghai Bairun Investment Holding Group |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ready to drink cocktails market will help companies and investors design strategic landscapes.
Spirit-based was the largest segment with a revenue share of 70.47% in 2023. Horizon Databook has segmented the Asia Pacific ready to drink cocktails market based on wine-based, spirit-based, malt-based covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific ready-to-drink (RTD) cocktails market is experiencing significant growth, driven by several key factors. Increasing consumer preference for convenience and ready-to-serve alcoholic beverages is a major driver. The region's young, urban population, who are more open to experimenting with new flavors and products, further fuels demand.
Trends in the market include a growing interest in premium and craft RTDs, which offer unique and high-quality flavor profiles. There's also a notable shift towards lower-alcohol and low-calorie options, catering to health-conscious consumers. Additionally, the rise of e-commerce and online delivery platforms has expanded market access, making RTDs more widely available.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ready to drink cocktails market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ready to drink cocktails market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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