Asia Pacific Cocktail Market

Asia Pacific Cocktail Market (2024 to 2029)

Asia Pacific Cocktail Market is worth USD 0.28 billion in 2024 and is estimated to be growing at a CAGR of 14.32% to reach USD 0.54 billion by 2029

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.

This research report on the Asia Pacific Cocktail Market has been segmented and sub-segmented into the following categories.

Asia Pacific Cocktail Market By Type

• Short drink
• Long drink

The long-drink segment is expected to have the largest share in the segment.

Asia Pacific Cocktail Market By Application

• Backyard BBQ
• Wedding ceremonies
• Cocktail party
• other applications

Asia Pacific Cocktail Market By Distribution Channel

• Bars and restaurants
• Supermarkets and hypermarkets
• Convenience Stores
• Online retail

Asia Pacific Cocktail Market By Country

• India
• China
• Japan
• Australia

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.

KEY PLAYERS IN THE MARKET

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.