세계의 냉동 칵테일 시장 예측 : 제품 유형별, 포장 유형별, 유통 채널별, 가격별, 맛별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Frozen Cocktail Market is accounted for $424.69 million in 2024 and is expected to reach $773.12 million by 2030 growing at a CAGR of 10.5% during the forecast period. The Frozen Cocktail Market encompasses a range of pre-mixed alcoholic beverages that are frozen and ready to serve, offering convenience and a refreshing alternative to traditional cocktails. These products include spirit-based, wine-based, and beer-based frozen drinks, available in various packaging formats like pouches, cans, and tubs. Popular among at-home consumers and in the hospitality sector, frozen cocktails cater to a wide range of preferences.

According to IWSR data, the proportion of RTD consumers drinking Ready to drink more than once a week increased from 39% in 2022 to 43% in 2023. According to WHO, in 2023, over 422 million people were living with diabetes.

Market Dynamics:

Driver:

Growing demand for ready-to-drink beverages

As customers look for quick and convenient solutions for social gatherings, events, and at-home enjoyment, the market for frozen cocktails is being driven by the increased demand for ready-to-drink beverages. Ready-to-drink frozen cocktails provide a convenient option that nevertheless offers a high-quality cocktail experience without requiring mixing or preparation. Demand is also fuelled by an increase in busy lifestyles and the appeal of outdoor pursuits like beach excursions and picnics. These goods appeal to consumers seeking consistency in taste and quality, which makes them a desirable option in the current beverage market.

Restraint:

Health concerns over alcohol consumption

A rising number of consumers are becoming more aware of the negative health impacts of alcohol consumption, which has a detrimental influence on the frozen cocktail market. Many customers are cutting back on their alcohol consumption or choosing non-alcoholic alternatives as a result of increased awareness of problems like liver disease, obesity, and addiction. This change in behaviour is especially apparent among younger populations and those who are concerned about their health. As a result, the market's potential growth may be constrained and sales may decrease as some consumers shun frozen cocktails because of their high alcohol content.

Opportunity:

Innovative flavors and varieties

Innovative flavors and types have proliferated in the frozen drink business to meet changing consumer preferences. Brands are experimenting with unusual fruit, spice, and alcohol combinations in addition to the classics like margaritas and daiquiris. While unexpected variations with spices like ginger, jalapeno, and rosemary are lending a spicy bite, tropical flavors like mango, passion-fruit, and guava are becoming more and more popular. Additionally, the popularity of healthier and lower-calorie options has prompted the creation of frozen drinks with less alcohol and natural sweeteners.

Threat:

Regulatory restrictions on alcoholic beverages

An alcoholic beverage regulation poses serious obstacles to the frozen cocktail market, restricting its expansion and accessibility. These laws differ greatly between areas, impacting marketing tactics, distribution, and product availability. The promotion and sale of frozen drinks may be hampered by stringent age verification, hefty taxes, and restrictions on advertising, particularly in developing nations. The intricacy of managing many regulatory frameworks raises operating expenses for businesses and can lower profitability, which restricts their capacity to expand their markets and reach new customers.

Covid-19 Impact

The market for frozen cocktails was significantly impacted by the COVID-19 outbreak. Initially, lockdowns and limitations caused a sharp drop in sales as bars and eateries shut down, making frozen cocktails less accessible to customers. However, there was a noticeable trend toward at-home consumption as people adjusted to living at home. As consumers started looking for ready-to-drink, handy solutions, manufacturers responded by creating DIY kits and frozen cocktail mix. In addition to sustaining consumer interest in frozen cocktails, this trend pushed companies to improve their online visibility, which eventually resulted in a slow recovery and a shift in the industry toward decadent and health-conscious products.

The ready-to-drink frozen cocktails segment is expected to be the largest during the forecast period

The ready-to-drink frozen cocktails segment is estimated to be the largest, due to the rising need of consumers for mobility and convenience. As busy lifestyles and social gatherings become more prevalent, consumers seek hassle-free beverage options that require no preparation. The popularity of outdoor events and gatherings further fuels this trend, as frozen cocktails provide a refreshing option for warm weather. Additionally, the rise of innovative flavors and premium ingredients enhances their appeal, attracting consumers looking for high-quality, flavourful alternatives to traditional cocktails.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is anticipated to witness the highest CAGR during the forecast period, due to the expanding popularity of socializing and entertaining at home, especially on the weekends and on special occasions. Frozen drinks are becoming a popular alternative for parties and get-togethers as consumers look for quick, easy-to-serve solutions that need little preparation. Their appeal to home consumers is further increased by their superior quality and distinctive flavors. Furthermore, consumers can now buy frozen drinks more easily because to the growth of internet shopping, which has boosted their accessibility and availability in residential.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period. Convenience and high-end goods are becoming more and more in demand as disposable incomes and lifestyles change. As consumers look for new and intriguing beverage options, growing urbanization and westernization are also boosting the appeal of frozen drinks. Technological developments in food processing and packaging are making it possible to produce premium frozen cocktails that are convenient to distribute and store. The demand for these items is also being driven by government measures to encourage tourism and hospitality, which are opening doors for restaurants and frozen cocktail bars.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, as frozen cocktails provide a quick and simple way to enjoy alcoholic beverages, rising consumer desire for quality and convenient products is a significant driver. As consumers look for convenient and time-saving options, changing lifestyles and hectic schedules are also fuelling the market's expansion. Improvements in food processing and packaging technology have made it possible to produce premium frozen cocktails with longer shelf lives. The market is also being impacted by government rules and regulations pertaining to alcoholic beverages, as businesses must make sure that these requirements are satisfied.

Key players in the market

Some of the key players profiled in the Frozen Cocktail Market include Bacardi Limited, Diageo Plc, Beam Suntory, Inc., The Absolut Company, Constellation Brands, Inc., Anheuser-Busch InBev, Brown-Forman Corporation, Pernod Ricard S.A., Slush Puppie Limited, Parrot Bay, Seagram Beverage Company, Cutwater Spirits, Smirnoff, Daily's Cocktails, Kold Cocktails, Manchester Drinks Co. Ltd., Skinny Freezers by Slim Chillers, Funkin Cocktails, The Margarita Man, and Island Oasis.

Key Developments:

In May 2022, Cutwater Spirits introduced a line of frozen cocktails, including Frozen Lime Margarita and Frozen Vodka Mule, leverages its expertise in ready-to-drink alcoholic beverages to tap into the frozen drinks market.

In February 2022, Brown-Forman Corporation released a Jack Daniel's branded frozen cocktail line, featuring popular flavors like Lynchburg Lemonade and Jack & Cola, aimed at expanding its reach into the frozen beverage segment.

In March 2021, Diageo Plc expanded its Smirnoff Ice range with new frozen pouch cocktails, featuring popular flavors like Margarita and Frose, catering to the growing demand for pre-mixed, frozen beverages.

In June 2020, Bacardi Limited launched a new range of ready-to-drink frozen cocktails under the "Bacardi Real Rum Cocktails" brand, featuring flavors like Mojito, Daiquiri, and Pina Colada, targeting the convenience market for at-home consumption.

Product Types Covered:

• Ready-to-Drink Frozen Cocktails
• Non-Ready-to-Drink Frozen Cocktails
• Spirits-Based Frozen Cocktails
• Wine-Based Frozen Cocktails
• Beer-Based Frozen Cocktails
• Other Product Types

Packaging Types Covered:

• Pouches
• Bottles
• Cans
• Tubs

Distribution Channels Covered:

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Bars and Restaurants
• Specialty Stores
• Hotels, Restaurants, and Cafes (HORECA)

Pricing Covered:

• Premium
• Mid-Range
• Low-Cost

Flavors Covered:

• Fruit Flavors
• Spices Flavors
• Herbs Flavors
• Classic Cocktails
• Novelty Flavors
• Other Flavors

End Users Covered:

• Residential
• Commercial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Frozen Cocktail Market, By Product Type

• 5.1 Introduction
• 5.2 Ready-to-Drink Frozen Cocktails
• 5.3 Non-Ready-to-Drink Frozen Cocktails
• 5.4 Spirits-Based Frozen Cocktails
• 5.5 Wine-Based Frozen Cocktails
• 5.6 Beer-Based Frozen Cocktails
• 5.7 Other Product Types

6 Global Frozen Cocktail Market, By Packaging Type

• 6.1 Introduction
• 6.2 Pouches
• 6.3 Bottles
• 6.4 Cans
• 6.5 Tubs

7 Global Frozen Cocktail Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Supermarkets/Hypermarkets
• 7.3 Convenience Stores
• 7.4 Online Retail
• 7.5 Bars and Restaurants
• 7.6 Specialty Stores
• 7.7 Hotels, Restaurants, and Cafes (HORECA)

8 Global Frozen Cocktail Market, By Pricing

• 8.1 Introduction
• 8.2 Premium
• 8.3 Mid-Range
• 8.4 Low-Cost

9 Global Frozen Cocktail Market, By Flavor

• 9.1 Introduction
• 9.2 Fruit Flavors
• 9.3 Spices Flavors
• 9.4 Herbs Flavors
• 9.5 Classic Cocktails
• 9.6 Novelty Flavors
• 9.7 Other Flavors

10 Global Frozen Cocktail Market, By End User

• 10.1 Introduction
• 10.2 Residential
• 10.3 Commercial
• 10.4 Other End Users

11 Global Frozen Cocktail Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Bacardi Limited
• 13.2 Diageo Plc
• 13.3 Beam Suntory, Inc.
• 13.4 The Absolut Company
• 13.5 Constellation Brands, Inc.
• 13.6 Anheuser-Busch InBev
• 13.7 Brown-Forman Corporation
• 13.8 Pernod Ricard S.A.
• 13.9 Slush Puppie Limited
• 13.10 Parrot Bay
• 13.11 Seagram Beverage Company
• 13.12 Cutwater Spirits
• 13.13 Smirnoff
• 13.14 Daily's Cocktails
• 13.15 Kold Cocktails
• 13.16 Manchester Drinks Co. Ltd.
• 13.17 Skinny Freezers by Slim Chillers
• 13.18 Funkin Cocktails
• 13.19 The Margarita Man
• 13.20 Island Oasis