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United States Alcoholic Ready-To-Drinks (RTDS) Market Forecast 2021-2026

KEY FINDINGS

The United States alcoholic ready-to-drinks (RTDs) market is evaluated to record a CAGR of 3.39% over the forecasting period. The country's market growth is mainly fueled by key drivers like the augmenting demand for craft canned cocktails among millennials, the increasing popularity of RTDs among women and the younger population, as well as the surge of hard seltzers, While the base year considered for the studied market is 2020, the projected years are from 2021 to 2026.

MARKET INSIGHTS

Spirit-based ready-to-drinks (RTDs) are performing relatively well in the United States, owing to the growing popularity of craft canned cocktails, especially among the millennials. Moreover, the continued appeal and demand for premium craft cocktails in the country ensure that craft canned cocktails are well positioned for further growth. On the other hand, young women are set to be among the key consumers in the United States, as well.

Conversely, successful brand names in the United States include California-based Cutwater Spirits, providing 16 classic cocktail flavors typically ordered on-premise. These include Moscow Mule, Bloody Mary, and others. In addition, the swift growth of Cutwater Spirits grabbed the attention of Anheuser-Busch, a United States-based alcoholic drinks player, thereby leading to the decision to acquire the brand in 2019. As a result, the aspects mentioned above are anticipated to play a crucial role in propagating the market for alcoholic ready-to-drinks (RTDs) in the United States during the estimated period.

COMPETITIVE INSIGHTS

The top players operating in the market are Diageo PLC, The Boston Beer Co Inc, Mark Anthony Brands Ltd, etc.

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United States Alcoholic Ready-To-Drinks (RTDS) Market Forecast 2021-2026
Published By :Inkwood Research
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