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Premix Cocktails Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Premix Cocktails Market
The Business Research Company presents an extensive market research report on the Premix Cocktails Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The premix cocktails market size has grown steadily in recent years. It will grow from $23.65 billion in 2023 to $24.78 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to changing consumer lifestyles, marketing and branding strategies, urbanization and on-the-go culture, innovations in packaging, rise of cocktail culture.
The premix cocktails market size is expected to see steady growth in the next few years. It will grow to $29.02 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to health and wellness trends, premiumization and craft offerings, e-commerce growth, global flavor exploration, alcohol regulations and licensing. Major trends in the forecast period include diversity in flavor profiles, rising popularity of low- and no-alcohol variants, focus on premium ingredients, digital marketing and e-commerce growth, collaborations and limited edition releases.
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Key Market Players:
Major companies operating in the premix cocktails market report are Anheuser-Busch InBev SA/NV, The Coca-Cola Company, Heineken NV, Diageo plc, Suntory Holdings Ltd., Asahi Group Holdings Ltd., Kirin Holdings Co. Ltd., Ball Corporation, Molson Coors Beverage Company, Pernod Ricard SA, Carlsberg A/S, Constellation Brands Inc., Castel Group, The Absolut Company, Bacardi & Company Limited, Brown Forman Corp., Davide Campari-Milano NV, William Grant & Sons Ltd., Mark Anthony Brands Inc., Edrington Group Ltd., Mike's Hard Lemonade Co., Luxco Inc., Altia Oyj, Shanghai Baccus Liquor Co. Ltd., Patron Spirits International AG, Beam Suntory Inc., Phision Projects LLC, Halewood Artisanal Spirits plc, Belvedere SA, Elixir House Limited, Stock Spirits Group plc
Market Drivers:
Increasing consumer preferences for healthy drinks with low alcohol content is projected to boost the demand for premix cocktails over the forthcoming years. According to the Department for Environment Food & Rural Affairs in October 2022, the Uk-based government agency for environmental protection, food production, agriculture, and fisheries, the spending on food and non-alcoholic drinks accounted for 49% in 2021. Therefore, increasing consumer preferences for healthy or low-alcohol drinks is predicted to propel the demand for the premix cocktails market over the forthcoming years.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/premix-cocktails-global-market-report
The premix cocktails market covered in this report is segmented -
1) By Product Type: Rum, Whiskey, Vodka, Wine, Other Product Types
2) By Flavor: Fruits, Spiced, Other Flavors
3) By Distribution Channel: Hyper/Supermarket, Departmental Stores, Specialty Stores, Online Retailers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period
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