Ready To Drink Cocktails Market: Hypermarkets/ Supermarkets Accounted For The Largest Revenue Share
Ready To Drink Cocktails Industry Overview The global ready to drink cocktails market size was valued at USD 782.8 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.4% from 2022 to 2030. The growing demand for flavored drinks with low alcohol content due to the rising health concerns is anticipated to drive the market over the forecast period. Premiumization of the product with flavors, taste, quality, and package design is further expected to drive the market. The COVID-19 pandemic has had a positive impact on the market. Though the demand for them was already rising, the segment exploded after the COVID-19 pandemic hit the world. The growth of the at-home cocktail culture, increased concerns for health, convenience, and the enhanced quality and diversity of ready to drink cocktails are the factors behind the upsurge in demand. The pandemic has caused many consumers to alter their buying habits and convert to online shopping in an effort to a