Global Frozen Cocktails
Market Report
2024
The Global Frozen Cocktails market size is USD 1.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Frozen Cocktails market size is USD 1.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Frozen Cocktails Market Sales Revenue 2023 | $ 1.3 Billion |
Global Frozen Cocktails Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Type |
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Market Split by Distribution Channel |
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Market Split by Form |
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Market Split by Pricing |
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Market Split by Packaging |
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Market Split by Flavour |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Frozen Cocktails Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Frozen cocktails are intoxicated beverages that include a mixture of non-fruity flavors, fruit juices, and alcohol. The rising popularity of frozen cocktails among the millennials and the significant expansion in the purchase of frozen beverages has contributed to expanding its market growth. The frozen cocktail is a steadily increasing source of profitability as a stimulating and tasty drink. Additionally, the frozen cocktail dispenser machine needs minimal ingredients and has the possibility to make a highly profitable product delivery, thereby boosting its market expansion.
The market for frozen cocktails is participating in healthy competition among prominent firms, focusing on partnering up with other firms to enhance their product portfolio. Moreover, prominent key players are planning and executing different strategies, such as introducing new products, entering partnerships, and acquiring other firms to gain a decisive authority in the market and keep their authority.
Cocktail, being an alcoholic drink, essentially has the same disadvantages as alcohol. The limitations of consuming cocktails are loss of self-control and heavy intake can damage the liver. It can bring about slow and advanced degeneration of the nervous system. It can result in an excessive gain of weight, which is a condition termed obesity. Addiction, sedation, and demise may also happen. Severe conditions that may result include acute alcohol poisoning and chronic alcohol intoxication. The disadvantages of cocktails are thus hampering the growth of the market.
The alcoholic drinks industry has followed a drop in business and a reduction in global consumption of cocktail in the first half of the year 2020. The sales of alcoholic drinks in bars, pubs, nightclubs, and restaurants were also impacted due to the complete shutdown. The drinking behavior of customers changed significantly during COVID-19. Consumers utilized to consume alcohol-based drinks at restaurants and pubs, which changed to home consumption.
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The market is characterized by the existence of a few well-established and several small- and medium-scale players. Companies have been introducing new products across the globe owing to the rising demand.
Top Companies Market Share in Frozen Cocktails Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for more than 35% of the global revenue due to increasing demand for frozen cocktails in the region. The request for these ready cocktails lies in their low alcohol range, and affordability corresponds to those operated at bars, making them an adorable choice for young customers. The rising customer demand for various flavors and the shifting preference toward convenient on-the-go products.
Asia-Pacific is the fastest-growing category over the forecast period due to the rising demand for convenient, premium, and high-quality cocktails impacted by the Western civilization that has gained importance in the region. Changing lifestyles and the rising use of alcohol are among the prominent factors in the demand for these developments.
The current report Scope analyzes Frozen Cocktails Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Frozen Cocktails Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Frozen Cocktails Industry growth. Frozen Cocktails market has been segmented with the help of its Type, Distribution Channel Form, and others. Frozen Cocktails market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, mojito held the major market share. Frozen cocktails, like daiquiris and piña coladas, offer a tropical escape with their slushy consistency and fruity flavors. While these drinks are tempting, responsible drivers should avoid alcohol to ensure road safety. Designated drivers are crucial in keeping everyone safe by abstaining from alcoholic beverages and ensuring their companions reach their destination without impairment. Enjoy cocktails responsibly and prioritize safe travels.
Martini is the second-most used product. A martini, epitomizing sophistication, harmonizes gin or vodka with a hint of vermouth, delivering a strong, refined libation best savored in elegant surroundings. In contrast, frozen cocktails ignite a playful spirit, blending vibrant fruit flavors with crushed ice to create a slushy delight synonymous with fun and relaxation.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Frozen Cocktails Industry. Request a Free Sample PDF!
The liquor stores play a pivotal role in the ever-expanding market for frozen cocktails. These stores deliver a wide selection of spirits and ingredients to create these refreshing, icy concoctions at home. The demand for frozen cocktails has increased, driven by consumers seeking convenience and unique flavors. They can also support alternative transportation options, fostering a culture of responsible enjoyment within the frozen cocktails market.
According to Cognitive Market Research, online retailers have become significant players in the burgeoning market for frozen cocktails. They offer consumers a convenient way to purchase cocktail mixes, equipment, and even pre-made frozen cocktails for delivery to their doorstep. Online retailers can contribute to responsible practices by offering information on safe consumption, promoting designated drivers, and partnering with ride-sharing services to encourage responsible transportation options.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Frozen Cocktails market report 2024 Edition by contacting our team.
Online sales held the major market share due to the shifting behavior of customer shopping in the projected period. Registration of nationwide chains like Kroger's and local grocery stores shows growing consumer choice for online platforms and may promote segment development.
According to Cognitive Market Research, offline is the second-most popular as offline sales have revolutionized the frozen cocktails market, making it easier for consumers to access a wide array of frozen cocktail products and ingredients. To promote safety, offline retailers can provide educational materials on responsible drinking, encourage designated drivers, and even collaborate with ride-sharing services to ensure customers have safe transportation options.
Low pricing has become a key driver of growth in the frozen cocktails market, making these refreshing beverages accessible to more consumers. However, affordability should never compromise safety, particularly for drivers. The domestic liquor shops are supplying a diversified portfolio of alcoholic drinks at a lower price, which will augment segmental growth.
According to Cognitive Market Research, the premium is the fastest-growing category as the growing consumption of premium frozen cocktails from developed economies such as the U.S. and the U.K. The growing demand for frozen cocktails and dark spirits is enhancing the sales of premium frozen cocktails.
Metal held the major market share due to its various business benefits, such as multi-color printing, durability, marketing help, comfort, and sustainability, metal cans are widely utilized as containers in the beverage industry. Additionally, metal packaging drinks don't require additives to preserve their nutritional value and long-lasting taste.
According to Cognitive Market Research, glass is the fastest-growing category as frozen cocktails were initially launched in bottle packaging, achieving widespread popularity globally. However, due to the aluminum deficiency in nations like the U.S., there has been a transformation toward utilizing glass packaging.
Fruit flavor held the major market share due to consumer perceptions of frozen cocktails as a healthier choice than spirits and malts, leading to improved demand for frozen cocktails. These cocktails generally incorporate fruit juices, such as grapefruit, passion fruit, oranges, lemon, mango, and berries, adding to their appeal.
According to Cognitive Market Research, glass is the fastest-growing category due to a diverse range of options, such as aromatized flavors like rose, ginger, and lavender, spirit-based frozen cocktails have become increasingly favored among customers, making them the preferred choice in the market.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Frozen Cocktails Market is witnessing significant growth in the near future.
In 2023, the Cosmopolitan segment accounted for noticeable share of global Frozen Cocktails Market and is projected to experience significant growth in the near future.
The Specialty Stores segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Manchester Drinks Co. Ltd. , LIC Frozen Cocktails and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
1.Drink this frozen Thai Collins cocktail from Narwhal's Crafted
Disclaimer:
Type | Cosmopolitan, Martini, Mojito, Margarita, Strawberry Daiquiri, Sangria |
Distribution Channel | Specialty Stores, Horeca, Liquor Stores, Retailers, Online Retailers |
Form | Ice Popsicles, Freezer Pouch Drinks |
Pricing | Premium, Middle, Low |
Packaging | Glass, Plastic, Metal |
Flavour | Fruit Flavour, Spices Flavour, Herbs Flavour |
End-User | Residential, Commercial |
List of Competitors | Manchester Drinks Co. Ltd., Harvest Hill Beverage Company, LIC Frozen Cocktails, SMART ICE TRADING B.V, Frozun Spirits Infusion, Kold Frozen Cocktails, Snobar Cocktails, Constellation Brands Inc., J Marr & Sons, The Absolut Company |
This chapter will help you gain GLOBAL Market Analysis of Frozen Cocktails. Further deep in this chapter, you will be able to review Global Frozen Cocktails Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Frozen Cocktails Market Trends North America Frozen Cocktails Technological Road Map North America Frozen Cocktails Market Drivers North America Frozen Cocktails Market Restraints North America Frozen Cocktails Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Pricing Analysis 2019 -2031
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Chapter 14 Market Split by Packaging Analysis 2019 -2031
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Chapter 15 Market Split by Flavour Analysis 2019 -2031
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Chapter 16 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Frozen Cocktails market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cosmopolitan have a significant impact on Frozen Cocktails market? |
What are the key factors affecting the Cosmopolitan and Martini of Frozen Cocktails Market? |
What is the CAGR/Growth Rate of Specialty Stores during the forecast period? |
By type, which segment accounted for largest share of the global Frozen Cocktails Market? |
Which region is expected to dominate the global Frozen Cocktails Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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