China Ready To Drink Cocktails Market Size & Outlook
China ready to drink cocktails market, 2018-2030 (US$M)
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China ready to drink cocktails market highlights
- The China ready to drink cocktails market generated a revenue of USD 106.1 million in 2023 and is expected to reach USD 298.0 million by 2030.
- The China market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
- In terms of segment, spirit-based was the largest revenue generating alcohol base in 2023.
- Spirit-based is the most lucrative alcohol base segment registering the fastest growth during the forecast period.
Ready to drink cocktails market data book summary
| Market revenue in 2023 | USD 106.1 million |
| Market revenue in 2030 | USD 298.0 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Spirit-based |
| Fastest growing segment | Spirit-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wine-based, Spirit-based, Malt-based |
| Key market players worldwide | Diageo PLC, Brown-Forman Corp Class A, Bacardi, Asahi Group Holdings Ltd, Pernod Ricard SA, Anheuser-Busch InBev SA/NV, Suntory Holdings, The Absolut Company, House of Delola, Halewood International, Shanghai Bairun Investment Holding Group |
Other key industry trends
- In terms of revenue, China accounted for 11.3% of the global ready to drink cocktails market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ready to drink cocktails market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 165.3 million by 2030.
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Ready To Drink Cocktails Market Scope
Ready To Drink Cocktails Market Companies
| Name | Profile | # Employees | HQ | Website |
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China ready to drink cocktails market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ready to drink cocktails market will help companies and investors design strategic landscapes.
Spirit-based was the largest segment with a revenue share of 70.41% in 2023. Horizon Databook has segmented the China ready to drink cocktails market based on wine-based, spirit-based, malt-based covering the revenue growth of each sub-segment from 2018 to 2030.
The ready-made alcoholic beverages market in China, although still considered niche, is emerging as a significant opportunity for Western spirits producers. The market is expected to grow at a robust rate of 13% by 2028, driven primarily by young Chinese adults who are already familiar with Western alcohol culture.
This demographic shift suggests that a growing number of foreign companies will likely enter the Chinese alcoholic drinks market in the coming years. Despite baijiu, a traditional Chinese spirit, holding the largest market share, pre-mixed cocktails are gaining traction as young consumers increasingly embrace Western-style alcohol.
The RTD (Ready-to-Drink) market in China, while currently small, is projected to grow exponentially. Over the past decade, the performance of RTDs and pre-mixed cocktails was hindered by economic challenges, but both local and international brands are optimistic about the rising demand.
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Our clientele includes a mix of ready to drink cocktails market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ready to drink cocktails market , including forecasts for subscribers. This country databook contains high-level insights into China ready to drink cocktails market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China ready to drink cocktails market size, by type, 2018-2030 (US$M)
China Ready To Drink Cocktails Market Outlook Share, 2023 & 2030 (US$M)
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