Global Cocktail Mixers Market

Cocktail Mixers Market Size, Share, Growth Analysis, By Product(Tonic Water, Club Soda, Ginger, and others), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25E2036 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 63 | Figures: 75

Cocktail Mixers Market Dynamics

Cocktail Mixers Market Drivers

Surging product launches

  • Surging product launches and other innovations by market players will drive the market's growth rate. For instance, SkinTe, which is a U.S.-based brand launched mood-boosting sparkling and collagen-infused wellness soda at 1,289 Walmart stores in June 2022 across the country. In this launch, the company will offer consumers three variants: White Tea Ginger, Green Tea Grapefruit, and Hibiscus Vanilla.

Rising demand for healthy hydration products

  • Increasing demand for healthy hydration products positively affects the market's growth during the forecast period. Customers are drawn increasingly towards healthier beverages such as cocktail mixers and other functional beverages. Increasing awareness among consumers regarding the health benefits of low-calorie drinks, which are prepared with natural ingredients, is the major factor that is expected to drive the demand for healthy hydration drinks and propel the overall market’s growth in the forecast period.

Cocktail Mixers Market Restraints

Negative Consequences of Alcohol Consumption

  • Consuming less alcohol is encouraged by consumers' increased health concerns, which is expected to limit the growth of the cocktail mixture market. Alcohol usage can result in liver and heart damage, cancer, and depression, all of which are expected to slow the growth of the cocktail combination industry. Consumers today are looking for beverages that can deliver additional benefits in addition to relieving their thirst. The majority of fruit and beverage companies are expanding their product lines by incorporating probiotic beverages into their functional beverage offering.
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Cocktail Mixers Market size was valued at USD 9.58 billion in 2022 and is poised to grow from USD 10.43 billion in 2023 to USD 20.64 billion by 2031, at a CAGR of 8.9% during the forecast period (2024-2031).

To appeal to customers around the world, both small and large firms are developing cutting-edge products and broadening their product lines. Also, several mixer producers are observing a significant demand for the product, particularly among the working population and the younger age. Furthermore, due in large part to the availability of numerous varieties, cocktail mixers are becoming more popular all over the world. Collaboration, the growth of distribution channels, and the introduction of new products are the main priorities for key companies. In the market for cocktail mixers, some notable companies are: 'The Kraft Heinz Company (USA)', 'The Coca-Cola Company (USA)', 'PepsiCo Inc. (USA)', 'Master of Mixes (USA)', 'Monin Inc. (USA)', 'Royal Rose Syrups (USA)', 'Stirrings LLC (USA)', 'Jordan's Skinny Mixes (USA)', 'Finest Call (USA)', 'Liber & Co. (USA)', 'Powell & Mahoney (USA)', 'Tres Agaves (USA)', 'Collins Cocktail Mixer (USA)', 'Bittermilk (USA)', 'Fresh Victor (USA)', 'SuckerPunch Gourmet (USA)', '18.21 Bitters (USA)', 'Tomr's Tonic (USA)', 'Cocktail Crate (USA)', 'Owl's Brew (USA)'

Surging product launches and other innovations by market players will drive the market's growth rate. For instance, SkinTe, which is a U.S.-based brand launched mood-boosting sparkling and collagen-infused wellness soda at 1,289 Walmart stores in June 2022 across the country. In this launch, the company will offer consumers three variants: White Tea Ginger, Green Tea Grapefruit, and Hibiscus Vanilla.

People are more worried about the quality of the items they consume and are searching for natural and organic solutions. Cocktail mixers manufacturers have responded to this trend by using high-quality, natural ingredients and avoiding artificial flavors and sweeteners.

North America dominated the cocktail mixers market due to its high consumer demand and the presence of a large number of cocktail mixers manufacturers. The United States, in particular, is the largest market in this region, followed by Canada. This region's growth is attributed to the increasing demand for natural and organic beverages, especially among millennials. For example, brands like Sprecher Brewing and Point Premium Beverages are prominent in the Midwest. Meanwhile, companies like Maine Root and Boylan Bottling Co. have a strong presence in the Northeast.

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Global Cocktail Mixers Market

Report ID: SQMIG25E2036

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