The Latin America, Middle East and Africa Cocktail Mixers Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Due to this, bars and restaurants are putting more emphasis on creating innovative cocktails with healthy ingredients, which is anticipated to accelerate market growth throughout the forecast period. Additionally, younger generations and millennials make up the majority of gin and tonic water consumers worldwide. Additionally, these consumers' rising demand for luxury goods with distinctive flavors, packaging, and brands is promoting business expansion.
Additionally, the producers are creating and introducing new mixer flavors in response to consumer preferences, which may accelerate the industry's growth throughout the forecast period. Additionally, young people around the world are becoming more sophisticated in their alcohol preferences and interests. Additionally, the market growth is being accelerated by growing expenditure on traditional alcoholic beverages like tonic and gin, combined with a variety of cocktails that provide customers with a pleasurable experience.
Alcohol is permitted in licensed establishments and at home for UAE citizens. To purchase alcohol for personal consumption, residents of Abu Dhabi and the other Emirates are no longer required to have a liquor license. The two authorized liquor distributors in Dubai will issue visitors with a temporary liquor license good for one month. Visitors will be given a code of behavior document and asked to attest that they are aware of the policies governing the purchase, transportation, and use of alcoholic beverages in Dubai. Only the Emirate in which it was issued may use this license.
The Brazil market dominated the LAMEA Cocktail Mixers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $272.8 Million by 2028. The Argentina market is experiencing a CAGR of 10.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.8% during (2022 - 2028).
Based on Product, the market is segmented into Tonic Water, Club Soda, Ginger, and Others. Based on Distribution Channel, the market is segmented into On-trade and Off-trade. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cocktail Mixers Market is Predict to reach $14.6 Billion by 2028, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fever-Tree Drinks PLC, The Coca Cola Company, Keurig Dr Pepper, Inc., Britvic PLC, Fentimans Ltd., White Rock Products Corporation, Three Cents Ltd, Thomas Henry GmbH, East Imperial Beverages Corporation, and Round The Cocktails Private Limited (Bartisans).
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