Asia Pacific Cocktail Market is worth USD 0.28 billion in 2024 and is estimated to be growing at a CAGR of 13.09% to reach USD 0.76 billion by 2032
The cocktail is a mixture of two or more beverages, at least one among them containing alcohol. When a mixed drink includes only a mixer and a distilled spirit, such as fruit juice or soda, it is a highball. When a cocktail contains only a liqueur and a distilled spirit, it is a duo, and when it adds a mixer, it is called a trio. Additional ingredients utilized can be sugar, milk, cream, honey, and various herbs. The beverages that are used in the preparation of cocktails are usually gin, vodka, whiskey, brandy, tequila, cachaça, and rum. Cocktails vary in the ingredients present in them from one region to another. Two creations can also have the same name but taste can be very different because of differences in the preparation of drinks.
Growth in cocktail consumption due to a rise in change in lifestyles and growing disposable incomes drive the growth of the market. Also, the availability of botanical & vegetable cocktails is the key driver of the Asia Pacific cocktail market. Deep-rooted cocktail culture in some countries and higher cocktail consumption rates are expected to provide opportunities for growth to market players. However, since excessive drinking can cause heart and liver damage, depression, and cancer development, the growth of this market is restrained.
Asia Pacific Cocktail Market By Type
The long-drink segment is expected to have the largest share in the segment.
Asia Pacific Cocktail Market By Application
Asia Pacific Cocktail Market By Distribution Channel
Asia Pacific Cocktail Market By Country
Asia Pacific has the third-largest market for cocktails in the world by share. Asia Pacific region is the fastest-growing region for cocktails in the world. Factors such as rising consumption of alcohol and growing disposable incomes are expected to drive market growth in the region.
Some of the major players in the market are Bols, Captain Morgan, kitchen, Siam Winery Co. Ltd., Cointreau, Belvedere, Rio Wine, Snake Oil Cocktail Company, Miami Cocktail Co., and Bombay Sapphire.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region