Market revenue in 2023 | USD 58.1 million |
Market revenue in 2030 | USD 161.2 million |
Growth rate | 15.7% (CAGR from 2023 to 2030) |
Largest segment | Malt-based |
Fastest growing segment | Spirit-based |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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.
Malt-based was the largest segment with a revenue share of 54.22% in 2023. Horizon Databook has segmented the UK 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 RTD (Ready-To-Drink) cocktail market in the UK is experiencing rapid growth, driven by consumer demand for convenience in their alcoholic beverages. With a busy lifestyle becoming the norm, more people are opting for the ease of pre-mixed cocktails that can be enjoyed without the need for preparation.
As a result, the RTD sector is expected to expand faster than the overall alcohol industry, thanks to its strong compound annual growth rate. The low- and no-alcohol segments within the RTD market are particularly thriving, with projections indicating an annual growth rate of 7.1% through 2024, according to IWSR Analysis.
This growth is fueled by an increasing number of UK consumers who are adopting healthier lifestyles and are interested in sophisticated non-alcoholic beverages. The shift towards low-alcohol and alcohol-free options reflects a broader change in consumer preferences, as more people seek beverages that complement a balanced lifestyle while still providing enjoyable flavors.
Horizon Databook provides a detailed overview of country-level data and insights on the UK ready to drink cocktails market , including forecasts for subscribers. This country databook contains high-level insights into UK ready to drink cocktails market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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