Market Research Future (Food and Beverages) RTD Spirit Market Research Report- Forecast till | Page 4

RTD Spirit Market Research Report- Forecast till 2023
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By type, RTD spirits market is segmented into whiskey, rum, vodka, tequila, gin, and others. Among all, vodka is
found to hold significant share based on high consumer preference. However, whiskey and rum are anticipated to
have steady growth over the forecast period.
Based on the packaging material, RTD spirits market is segmented into glass, metal, and others. Among them, glass
segment is projected to dominate the market and have substantial growth over the forecast period.
By distribution channel, RTD spirits market is segmented into on-trade and off-trade distribution channel. Among
them, off-trade distribution channel is dominating the market and is witnessed to continue its dominance over the
estimated period. However, on-trade distribution channel segment is also observed to grow eventually.
Regional Analysis:
The global RTD spirit market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW).
Europe has the dominant market share followed by North America. Developing economy has led to increase in
disposable income due to which Europe is projected to generate a high revenue during the given forecast period.
Changing consumer’s preferences amongst the alcoholic beverages will support the sale of RTD spirits in various
regions during the forecast period. The major importers of flavored spirits include U.S., Spain, Germany, U.K, and
the Netherlands. Based on the higher demand for alcoholic beverages especially amongst the population of youth,
the import and export of RTD spirits in the developed countries is found to rise at a steady growth rate.
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