Harrisburg, NC -- (SBWIRE) -- 10/21/2020 -- The Premix Cocktails Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global premix cocktails market is expected decline from $19.2 billion in 2019 and to $18.02 billion in 2020 at a compound annual growth rate (CAGR) of -5.95%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $20.33 billion in 2023 at CAGR of 4.09%.
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The market for premix cocktails consists of sales of premix cocktails and its related products. Premixed cocktails are also known as alcopops, flavored alcoholic beverages, ready-to-drink (RTD) alcohol-based beverages, pre-packaged spirits, or premixed beverages. These are prepared from alcohol mix with fruit juice, contains healthy amount of carbonation, and is a packed form of alcoholic beverages for direct consumption. Premix cocktails categories can be wine-based, spirit-based, or malt-based drinks. These flavored drinks with low alcohol content are available for purchase generally through online channels, small retail shops, and convenience stores.
Asia Pacific is the largest region in the premix cocktails market and is expected to be the fastest growing region in forecast period.
The bars are increasingly preparing premixes of cocktails and are refrigerating to serve the customers on request. The bartenders are mixing the cocktails ahead of the order and are prebatching them, giving them time to interact with the customers and make sure they have best experience. For instance, Mister Paradise, a bar and restaurant in Manhattan premixes a cocktail Caf Disco and serves to its clients when ordered. Moreover, bartenders are increasingly selling their premixes outside the bar as well.
The premix cocktails market covered in this report is segmented by product type into rum; whiskey; vodka; wine; others. It is also segmented by flavor into fruits; spiced; others and by distribution channel into hyper/supermarket; departmental stores; specialty stores; online retailers.
The stringent regulations and the government imposing high taxes on premix drinks are expected to limit the growth of the market. The foreign brands are being imposed high import duties owing to the high competition in the market. The government regulations are one of the major factors restraining the growth of the premix cocktails market. For instance, in July 2019, the Philippines government announced plans to increase taxes on alcopops to discourage binge drinking and generate additional revenues. The government of the Philippines currently imposes a tax of 20% Valorem tax on the net retail price per proof of distilled spirits. Therefore, the increasing taxes on premix cocktails are have a negative impact on the growth of the premix cocktails market.
Scope of the Report:
Markets Covered: 1) By Product Type: Rum; Whiskey; Vodka; Wine; Others
2) By Flavor: Fruits; Spiced; Others
3) By Distribution Channel: Hyper/Supermarket; Departmental Stores; Specialty Stores; Online Retailers
Companies Mentioned: Bacardi & Company Limited; Diageo Plc; Heineken NV; Altia Oyj; Carlsberg A/S
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Premix Cocktails indicators comparison.
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Influence of the Premix Cocktails Market Report:
-Comprehensive assessment of all opportunities and risks in the Premix Cocktails market.
-The detailed study of business strategies for the growth of the Premix Cocktails market-leading players.
-Conclusive study about the growth plot of the Premix Cocktails market for forthcoming years.
-In-depth understanding of Premix Cocktails market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Premix Cocktails market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Premix Cocktails Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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