China Ready To Drink Cocktails Market Size & Outlook

The ready to drink cocktails market in China is expected to reach a projected revenue of US$ 640.4 million by 2030. A compound annual growth rate of 15.6% is expected of China ready to drink cocktails market from 2024 to 2030.
Revenue, 2023 (US$M)
$232.2
Forecast, 2030 (US$M)
$640.4
CAGR, 2024 - 2030
15.6%
Report Coverage
China

China ready to drink cocktails market highlights

  • The China ready to drink cocktails market generated a revenue of USD 106.1 million in 2023 and is expected to reach USD 298.0 million by 2030.
  • The China market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
  • In terms of segment, spirit-based was the largest revenue generating alcohol base in 2023.
  • Spirit-based is the most lucrative alcohol base segment registering the fastest growth during the forecast period.


Ready to drink cocktails market data book summary

Market revenue in 2023USD 106.1 million
Market revenue in 2030USD 298.0 million
Growth rate15.9% (CAGR from 2023 to 2030)
Largest segmentSpirit-based
Fastest growing segmentSpirit-based
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWine-based, Spirit-based, Malt-based
Key market players worldwideDiageo 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


Other key industry trends

  • In terms of revenue, China accounted for 11.3% of the global ready to drink cocktails market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China ready to drink cocktails market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 165.3 million by 2030.

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Ready To Drink Cocktails Market Scope

Ready To Drink Cocktails Market Companies

Name Profile # Employees HQ Website

China ready to drink cocktails market outlook

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 70.41% in 2023. Horizon Databook has segmented the China 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 ready-made alcoholic beverages market in China, although still considered niche, is emerging as a significant opportunity for Western spirits producers. The market is expected to grow at a robust rate of 13% by 2028, driven primarily by young Chinese adults who are already familiar with Western alcohol culture.

This demographic shift suggests that a growing number of foreign companies will likely enter the Chinese alcoholic drinks market in the coming years. Despite baijiu, a traditional Chinese spirit, holding the largest market share, pre-mixed cocktails are gaining traction as young consumers increasingly embrace Western-style alcohol.

The RTD (Ready-to-Drink) market in China, while currently small, is projected to grow exponentially. Over the past decade, the performance of RTDs and pre-mixed cocktails was hindered by economic challenges, but both local and international brands are optimistic about the rising demand.

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  • Our clientele includes a mix of ready to drink cocktails market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ready to drink cocktails market , including forecasts for subscribers. This country databook contains high-level insights into China ready to drink cocktails market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China ready to drink cocktails market size, by type, 2018-2030 (US$M)

China Ready To Drink Cocktails Market Outlook Share, 2023 & 2030 (US$M)

China ready to drink cocktails market size, by type, 2018-2030 (US$M)

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