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RTD Market Expected to Double

By May 28, 2021Top News

The global ready-to-drink alcoholic beverages market is expected to register a CAGR of close to 8% over the forecast period of 2020-2030 says a new study from Persistence Market Research. The market in India and China is expected to value CAGRs of 12.2% and 11.1%, respectively, over the decade. Hard seltzers are expected to register the highest CAGR of 11% over the forecast period. Citrus-flavored RTD alcoholic beverages hold the highest value share of 31.5%. The market in the U.S. is projected to expand at a CAGR of close to 6% through 2030. The retail/household end-use segment is expected to hold a significant value share of 84% by 2030. Online retail is expected to see more than 8% CAGR through 2030. The report outlines an analysis of the global RTD alcoholic beverages market, presenting historical data (2015-2019) and the forecast period of 2020-2030.

 

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