Global Ready to Drink (RTD) Mocktails Market, By Type (Blue Lagoon, Mojito, Fired Ice, Queens Punch, Shirley Temple, Italian Cream Soda), Flavours (Regular, Flavored), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global ready to drink (RTD) mocktails market to account USD 9.43 billion by 2028 growing at a CAGR of 9.6% in the forecast period of 2021-2028.
Mocktail is a kind of a mixed, non-alcoholic drink, as it does not contain alcohol or any type of spirit. It is usually made by mixing different fruit juices, soft drinks, iced tea etc. It is called mocktail as it look like a cocktail. Mocktails are low-priced than cocktails and are consumed by those who don't take alcohol.
The rising shopper demand for RTD alcoholic beverages such as ready-to-drink moctails is a major factor expected to boost the ready to drink (RTD) mocktails market growth over the forecast period of 2021 to 2028. These drinks earn a bigger income within the sector for soft drinks by minimizing the general value of getting ready to drink. The ready–to–drink capitalizes on 2 key trends such as availability and convenience. These trends measure support the industry’s development. Moreover increasing shopper awareness concerning the healthy life style have resulted in associate upsurge in demand for healthy ready to drink, thus lifting the ready to drink (RTD) mocktails market growth rate.
Growing urbanization and fast shift in style and preferences of youth population are impacting the world growth to a major extent. Additionally, rising prominence of innovative, and ethnic flavours, and escalating advert, promotions, and promoting by varied retailers influencing the trade growth. Pre-mixed/RTD alcoholic drinks are globally thought of as a perfect substitute to ancient or alcoholic liquors. Rising penetration of smartphones not to mention increasing mobile selling is majorly supplying the net sales of pre-mixed alcoholic drinks, thus, augmenting the market growth.
Various cultural and non-secular beliefs across countries, and a number of other health problems associated with alcohol consumption could impede the industry’s development within the forecast period. High prices of various non-alcoholic beverages, and vivid taxation are more limiting the ready to drink (RTD) mocktails market growth.
This ready to drink (RTD) mocktails market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 ready to drink (RTD) mocktails market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ready to Drink (RTD) Mocktails Market Scope and Market Size
The ready to drink (RTD) mocktails market is segmented on the basis of type, flavours and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the ready to drink (RTD) mocktails market is segmented into blue lagoon, mojito, fired ice, queens punch, shirley temple, and italian cream soda.
- On the basis of flavors, the ready to drink (RTD) mocktails market is segmented into regular and flavoured.
- On the basis of distribution channel, the ready to drink (RTD) mocktails market is segmented into online and offline.
Ready to Drink (RTD) Mocktails Market Country Level Analysis
The ready to drink (RTD) mocktails market is analyses and market size, volume information is provided by country, type, flavours and distribution channel as referenced above.
The countries covered in the ready to drink (RTD) mocktails 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).
North America dominates the ready to drink (RTD) mocktails market because of the growing consumer demand for different flavors of ready to drink mocktails and shift towards on-the-go products. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increasing online distribution channels and rise in the influence of the western culture.
The country section of the ready to drink (RTD) mocktails market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Ready to Drink (RTD) Mocktails Market Share Analysis
The ready to drink (RTD) mocktails 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 ready to drink (RTD) mocktails market.
The major players operating in the ready to drink (RTD) mocktails market report are ASAHI GROUP HOLDINGS, LTD., Pernod Ricard, SHS Group, E & J Gallo, William Grant & Sons, Miller Coors, Diageo, Treasury Wine Estates, Jose Cuervo, Constellation Brands, Beam-Suntory, Mast-Jaegermeister, Bacardi, Pernod Ricard, Edrington Group, Brown-Forman, Pabst Brewing, Anheuser-Busch, China Resource Enterprise, Accolade Wines, Vina Concha y Toro, Torres, Heineken, The Wine Group, Craft Brew Alliance Inc., Molson Coors Brewing Co., Haelwood International Holdings Plc among others. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.