Cocktail can be defined as the mixture of two or more alcoholic beverages. Cocktails drinks contains brandy, whiskey, gin, rum, vodka, or tequila which are mixed with various ingredients like milk, cream, sugar, fruit juice, herbs and other flavors.
The growth for Cocktail market is driven due to factors like increasing consumption of cocktail across the globe, rising disposable incomes, rapid urbanization. In addition, increasing investments by private organizations, advancement of technologies in the beverages sector, and introduction of botanical & vegetable cocktails is expected to drive the market growth. However, high risk associated in consuming excessive alcohol, stringent government policies, high risk of chronic diseases like heart, liver, and cancer diseases which are expected to hamper the growth rate for Global Cocktail Market during the forecast period.
Based on geography the Cocktail market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America has the leading market for Cocktail in the world, followed by Europe. Asia Pacific region is expected to have the fastest growth rate during the forecast period.
Leading companies for Global Cocktail market are Bols, Captain Morgan, kitchn, Siam Winery Co. Ltd., Cointreau, Belvedere, Rio Wine, Snake Oil Cocktail Company, Miami Cocktail Co., and Bombay Sapphire.
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