The Cocktail Mixers Market is Predict to reach USD 18.9 Billion by 2031, at a CAGR of 7.8%

27-May-2024 | Report Format: Electronic (PDF)

Cocktail Mixers Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Cocktail Mixers Market size is expected to reach $18.9 billion by 2031, rising at a market growth of 7.8% CAGR during the forecast period.

The On-trade segment is registering a CAGR of 7.4% during (2024 - 2031). The on-trade segment offers consumers a unique and immersive experience, allowing them to enjoy cocktails prepared by professional bartenders in a social setting. The establishment's ambiance and atmosphere frequently contribute to the enhancement of this experience, which renders it a favored option for social gatherings and noteworthy events. On-trade establishments often focus on offering high-quality and premium products, including cocktail mixers.

Cocktail Mixers Market Size - By Region

The Tonic Water segment is leading the Global Cocktail Mixers Market by Product in 2023; thereby, achieving a market value of $7.6 billion by 2031. Demand for tonic water has increased significantly in recent years due to a number of significant factors. An important factor propelling the market is the rising demand for gin & tonic (G&T) cocktails. The surge in craft distilleries and the emergence of novel and inventive gin flavors have contributed to the gin craze, which has consequently caused a corresponding surge in tonic water consumption. Tonic water is an essential component of a traditional G&T, and its demand has increased in tandem with the rising interest in craft cocktails.

The Cans segment is experiencing a CAGR of 7.6% during (2024 - 2031). Cans are convenient for consumers, as they are portable and easy to open. They are single-use and do not require resealing, which can be beneficial for on-the-go consumption. Moreover, cans are often associated with convenience and a casual drinking experience. They can convey a different brand image compared to PET packaging, depending on the target market.

Full Report: https://www.kbvresearch.com/cocktail-mixers-market/

The Europe region dominated the Global Cocktail Mixers Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.6 billion by 2031. The North America region is anticipating a CAGR of 7.5% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 8.4% during (2024 - 2031).

List of Key Companies Profiled

  • Fever-Tree Drinks PLC
  • The Coca Cola Company
  • Keurig Dr Pepper, Inc.
  • Britvic PLC
  • Fentimans Ltd.
  • White Rock Products Corporation
  • Zevia, LLC
  • Thomas Henry GmbH
  • East Imperial Beverages Corporation
  • PepsiCo, Inc.

Cocktail Mixers Market Report Segmentation

By Distribution Channel

  • On-trade
  • Off-trade

By Product

  • Tonic Water
  • Club Soda
  • Ginger Ale
  • Ginger Beer
  • Others

By Packaging Type

  • 1L PET
  • Cans
  • Glass
  • 10oz.
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Egypt
    • South Africa
    • Nigeria
    • Rest of LAMEA

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