According to a new report, published by KBV research, The Global Cocktail Mixers Market size is expected to reach $14.6 billion by 2028, rising at a market growth of 8.2% CAGR during the forecast period.
The Tonic Water segment acquired maximum revenue share in the Global Cocktail Mixers Market by Product in 2021 thereby, achieving a market value of $6 billion by 2028. It is due to the presence of the drug quinine, which is used to treat malaria and babesiosis, that tonic water is typically consumed as a healthy beverage throughout the world. Additionally, several tonic water's health benefits are projected to spur market expansion in the upcoming years.
The Off-trade segment has shown growth rate of 9% during (2022 - 2028). This is due to cocktail beverages becoming more and more well-liked and in demand around the world. Additionally, consumers in industrialized in emerging countries are consuming more alcoholic beverages at home, which is boosting the industry's growth.
The Europe market dominated the Global Cocktail Mixers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.3 billion by 2028, growing at a CAGR of 8.1 % during the forecast period. The North America market is expected to witness a CAGR of 7.5% during (2022 - 2028). Additionally, The Asia Pacific market is expected to witness a CAGR of 8.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cocktail-mixers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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