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.
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Global Ready to Drink (RTD) Mocktails Market Scope
and Market Size
- 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.
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Competitive Landscape and Ready to Drink (RTD)
Mocktails Market Share Analysis
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.
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