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Middle East And Africa Cocktail Market By Type (Short Drink And Long Drink), By Application (Backyard BBQ, Wedding Ceremonies, Cocktail Party And Other Applications), By Distribution Channel (Bars And Restaurants, Supermarkets And Hypermarkets, Convenience Stores And Online Retail) and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2023 to 2028)

Published: March, 2023
ID: 3842
Pages: 145
Formats: report pdf report excel report power bi report ppt

Middle East and Africa Cocktail Market Growth and Forecast (2023 - 2028):

Middle East and Africa Cocktail Market was worth USD xx billion in 2022 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2028.

Market Overview:

Cocktail is the 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 trio. Additional ingredients utilized can be sugar, milk, cream, honey, and various herbs. The beverages which are used in the preparation of cocktail are usually among 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.

Drivers and Restraints:

Growth in cocktail consumption due to rise in change in lifestyles and growing disposable incomes drive the growth of the market. Also, availability of botanical & vegetable cocktails is the key driver of the Middle East and Africa cocktail market. Deep-rooted cocktail culture in some countries and higher cocktail consumption rate are expected to provide opportunity 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.

Middle East and Africa Cocktail Market Segmentation Analysis:

The Middle East and Africa Cocktail market is segmented based on type into short drink and long drink. Long drink segment is expected to have the largest share in the segment. On the basis of application, the market is divided into backyard BBQ, wedding ceremonies, cocktail party and other applications. By distributin channel the market is segmented into bars and restaurants, supermarkets and hypermarkets, convenience Stores and online retail.

Region Analysis:

Geographically the Middle East and Africa Cocktail Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Factors such as rising consumption of alcohol and growing disposable incomes is expected to drive the market growth in the region.

Key Players in the Market:

Major Key Players in the MEA Cocktail Market are

  • Bols
  • Captain Morgan
  • kitchn
  • Siam Winery Co. Ltd
  • Cointreau
  • Belvedere
  • Rio Wine
  • Snake Oil Cocktail Company
  • Miami Cocktail Co
  • Bombay Sapphire

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