The North America Cocktail Mixers Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
The hours for cocktail and happy hour are from 2 to 6, however, the precise time will vary depending on the circumstances of the event. Depending on the type of establishment advertising it, the cocktail hour may also be referred to as happy hour. Although the name suggests otherwise, cocktails are also offered along with beer, wine, and whiskey. Cocktail hour drink specials are determined by a bar's par stock and current clientele demand.
Alcohol, sugar, and bitter or citrus flavors can all be found in a drink. A highball is a mixed beverage comprising distilled spirits and a mixer like soda or fruit juice. Highballs are a common component in International Bartenders Association Official Cocktails. A mixed cocktail is a duo if it solely comprises distilled spirits and liqueurs, and a trio if it also includes a mixer. Sugar, honey, milk, cream, and other spices are possible additions.
However, the industry's expansion is being hampered by the rising demand for non-alcoholic beverages brought on by consumers' increased health consciousness. Additionally, consumers are switching to plant-based beverages from alcoholic ones.
The growing demand for cocktail mixtures in this region is being fueled by the party culture that is so prevalent among young people in many countries, including the U.S. The high disposable income of consumers in this region also encourages them to spend money on high-end food items, which will fuel the regional growth of the cocktail mix market throughout the projection period. The increasing level of living and changing lifestyles of individuals are factors in the regional market's soaring demand for the cocktail mix.
The US market dominated the North America Cocktail Mixers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,017.4 Million by 2028. The Canada market is poised to grow at a CAGR of 10% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cocktail Mixers Market is Estimated 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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