PUBLISHER: Grand View Research | PRODUCT CODE: 1530545
PUBLISHER: Grand View Research | PRODUCT CODE: 1530545
The global ready to drink mocktails market size is expected to reach USD 12.15 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has been expanding at a rapid pace, buoyed by several compelling factors. The most notable factor driving this is the growing health consciousness among consumers globally. With an increasing number of individuals prioritizing wellness and fitness, the demand for non-alcoholic beverage alternatives has surged. Mocktails are alcohol-free and offer a variety of flavors and ingredients such as fruits, herbs, and spices, catering to this trend. The ready to drink (RTD) mocktails not only provide refreshment but also often contain healthful components, aligning well with the preferences of health-conscious individuals looking to make balanced consumption choices.
Changing drinking habits and social trends are also propelling the RTD mocktail market growth. There's a notable shift in social drinking habits, with more people opting for moderation or complete abstention from alcohol. This trend is particularly prominent among younger demographics who are increasingly mindful of the health and lifestyle impacts of alcohol consumption. Furthermore, the necessity for non-alcoholic options in social settings has created a demand for sophisticated, flavorful beverages that mocktails can fulfill. These beverages not only cater to those abstaining from alcohol but also to those seeking a diverse range of tastes and experiences.
The convenience factor associated with RTD mocktails is significantly contributing to its rising demand. Busy lifestyles and the desire for quick, hassle-free consumption have contributed to the market's growth. RTD mocktails offer an immediate, easy-to-consume option, perfect for a variety of occasions from casual gatherings to formal events. This convenience, coupled with the growing availability of these products in various retail formats, from supermarkets to online platforms, has made them a popular choice for consumers looking for a quick and delightful beverage option without the commitment or consequences of alcohol.
6.3.1.1.1. Market estimates and forecast, 2018 - 2030, (USD Million)
6.3.1.2.1. Market estimates and forecast, 2018 - 2030, (USD Million)
6.3.1.3.1. Market estimates and forecast, 2018 - 2030, (USD Million)
6.3.1.4.1. Market estimates and forecast, 2018 - 2030, (USD Million)