RTD Alcoholic Beverages Market to Reach US$ 39,428.9 at a CAGR of 4.6% in 2027 | The Insight Partners

According to our latest market study on "RTD Alcoholic Beverages Market to 2027 - Global Analysis and Forecast by Base Type (Whiskey, Rum, Vodka, Gin, Others); Packaging Type (Bottles, Cans, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, and Others)," The RTD alcoholic beverages market accounted for US$ 26,447.9 Mn in 2018 and is expected to grow at a CAGR of 4.6% during the forecast period 2019 - 2027, to account for US$ 39,428.9 Mn by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Anheuser-Busch InBev NV, Asahi Group Holdings, Ltd., Bacardi Limited, Carlsberg Breweries A/S, Suntory Holdings Limited, Brown-Forman, Heineken N.V., Diageo plc, Davide Campari-Milano S.p.A, Molson Coors Brewing Company amongst others are the key players present in the global RTD alcoholic beverages market. These companies are implementing new product development and mergers and acquisition strategies to enlarge the customer base and gain significant market share across the world, which, in turn permit the players to maintain their brand name globally.

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In 2018, Asia Pacific held the largest share of the global RTD Alcoholic Beverages market is expected to hold the largest share in 2027. The Asia Pacific region is expected to garner a significant share in the global RTD alcoholic beverages market owing to the large production and consumer base in the area. Countries such as India, China and Japan are among the largest consumers of RTD alcoholic beverages in the Asia Pacific region. Asia-Pacific is also among the largest global producer of alcoholic beverages. Changing consumer lifestyles, rising disposable income and variation in tastes & preferences and social & cultural factors in these countries are stimulating the growth of RTD alcoholic beverages market in this region. The population of Asia-Pacific represents diversified tastes and preferences and fond of experimenting with food & beverages varieties. This fact has forced manufacturers to innovate and widen their product portfolio to meet the dynamic consumer demand.

Market Insights

Introduction of new flavors and improved form of product packaging

The key players in the RTD alcoholic beverage market are experimenting with new and innovative flavors. As flavor options increase, consumers may turn to RTD products as a convenient way to cart drinks along on their summertime adventures, from barbecues and beaches to road trips and vacations. Companies in the RTD alcohol beverage have greatly expanded their product lines over the past few years and have heavily emphasized their marketing toward young consumers. For instance, in February 2018, the largest drinks group Diageo introduced a ready-to-drink (RTD) version of Tanqueray and Tonin. The company hopes the RTD will entice new gin drinkers to the second fastest-growing spirits category with its new pre-mixed offering. Various flavors such as Elderflower, Red Berry, Orange, Ginger, Lime, Coffee Crème, English Tea, Creamy Toffee, Maple, Lemongrass, Vanilla, and Cardamom & Tonic are used in the production of RTD alcoholic beverage.

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Base Type Insights

On the basis of the base type, the global RTD alcoholic beverages market has been segmented into whiskey, rum, vodka, gin, others. Under the base type segment, the gin segment is the fastest growing region in forecasted year. Gin is a distilled alcoholic beverage derived from juniper berries, also known as Juniperus communis. It is one of the oldest categories of spirits with a unique flavor that revolve around juniper as a common ingredient. Gin based RTD is the most popular consumers in America. Taking into consideration the popularity of gin based RTD in North America, the alcohol beverage producers are introducing new products in the market. For instance, in May 2019, Fever-Tree entered the ready-to-drink market with the launch of a line of bottled gin and tonics, as it looks to bring added convenience for consumers throughout the summer. The range consists of three variants, such as premium Indian gin and tonic, refreshingly light gin and tonic, and elderflower gin and tonic.

GLOBAL RTD ALCOHOLIC BEVERAGES MARKET SEGMENTATION

Global RTD Alcoholic Beverages Market, byBase Type
• Whiskey
• Rum
• Vodka
• Gin
• Others

Global RTD Alcoholic Beverages Market, by Packaging Type
• Bottles
• Cans
• Others

Global RTD Alcoholic Beverages Market, by Distribution Channel
• Supermarkets and Hypermarkets
• Specialty Stores
• Others

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Report Spotlights

• Progressive industry trends in the global RTD alcoholic beverages market help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global RTD alcoholic beverages market from 2018 to 2027
• Estimation of global RTD alcoholic beverages demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and global RTD alcoholic beverages demand
• Market trends and outlook coupled with factors driving and restraining the growth of the global RTD alcoholic beverages market
• Decision-making process by understanding strategies that underpin commercial interest with regard to global RTD alcoholic beverages market growth

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This release was published on openPR.