The influence of digitization is a permanent reality, driving online alcohol sales, particularly for RTD bottled cocktails. Key insights include growth in East and South Asia, online retail expansion, and the dominance of North America and Europe
The global RTD bottled cocktails market Opportunities are set to witness growth at a CAGR of 10.9% in 2022-2032 and reach a valuation of US$ 45,228.8 Million by 2032. Digitization has positively influenced the business of RTD bottled cocktails at some point- whether it is a multinational corporation (MNC) or a small or medium enterprise (SME). The importance of going digital in the RTD bottled cocktails market is not a passing trend, rather it is a permanent new reality for the alcoholic beverage industry.
Due to this, the online sale of alcohol will increase in the future, particularly that of RTD bottled cocktails, which may end up being a popular choice for consumers looking to enjoy drinks beyond the assessment period. According to a poll, online alcohol sales in the United States increased by 231% between March and April 2020 and the corresponding time in 2019.
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Key Takeaways: RTD Bottled Cocktails Market
“RTD bottled cocktails are expected to showcase high demand among millennials as key players are launching unique products with innovative ingredients and formulations to provide functional health benefits,” says a Future Market Insights analyst.
Competitive Landscape: RTD Bottled Cocktails Market
Key manufacturers of RTD bottled cocktails are mainly focusing on research and development activities to add value to their existing product portfolios. They are also striving to enhance their quality and product ranges by adopting advanced technologies and equipment.
More Valuable Insights on RTD Bottled Cocktails Market:
Future Market Insights, in its new report, offers an impartial analysis of the global RTD bottled cocktails market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (cider, gin, vodka, wine, whiskey, rum, hard sheltzer, cocktail), flavor (natural/unflavored, flavored), price range (economic, mid-range, premium), sales channel (on-trade/food service, institutional sale, retail, online retail), and packaging (glass, plastic) across seven major regions of the world.
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RTD Bottled Cocktails Market Outlook by Category
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Frequently Asked Questions
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 08, 2024