Market revenue in 2023 | USD 56.8 million |
Market revenue in 2030 | USD 165.3 million |
Growth rate | 16.5% (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 |
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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 70.42% in 2023. Horizon Databook has segmented the Japan 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.
Japanese consumers are increasingly shifting from traditional alcoholic beverages like sake and beer to more convenient and lower-alcohol options, such as RTD cocktails. This shift is driven by a growing preference for lighter, more refreshing drinks, particularly among younger consumers and women. Ja an’s fast-paced, urban lifestyle has heightened the demand for convenient beverage options.
RTD cocktails, which are pre-mixed and ready to consume, cater to busy individuals who prefer to enjoy a drink without the hassle of preparation, whether at home, on the go, or in social settings. Japanese consumers have a strong preference for novel and diverse flavors.
The introduction of unique and localized flavors in RTD cocktails, such as yuzu, ume (plum), and shiso (perilla), has attracted a broad consumer base. These innovations cater to the local palate and increase consumer interest.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan ready to drink cocktails market , including forecasts for subscribers. This country databook contains high-level insights into Japan ready to drink cocktails market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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