Report ID : AMR1004199 | Industries : | Published On :December 2023 | Page Count : 218
Global Frozen Drinks Market Size, Trends, and Growth Opportunity, By Type (Alcoholic Drinks, Non-Alcoholic Drinks), By Application (Hypermarket and Supermarket, Food and Drink Specialists, Convenience Stores), By Product Form (Ice Popsicles, Freezer Pouch Drinks), By Region and forecast till 2030.
Global Frozen Drinks Market
Global Frozen Drinks Market was valued at USD 38 billion in 2022 and is slated to reach USD 61 billion by 2030 at a CAGR of 6.3% from 2023-2030.
Non-alcoholic or alcoholic beverages that have been refrigerated below their freezing point are referred to as frozen drinks. These drinks are typically sold frozen in markets, so they do not need to be refrigerated until serving time. They are available in stores and can be served immediately after thawing on home counters using an icebox or by adding water before serving.
Market Drivers
A growing percentage of the population works multiple full-time jobs and prefers to buy ready-to-eat food rather than make it. People are looking for health benefits from easily accessible drinks with high nutritional value, which will be a crucial element in this industry's growth. It also minimizes the chances of getting sick as a result of poor cleanliness while cooking meals, which can lead to illnesses like diarrhoea or typhoid. Customers' changing lifestyles, youth desire for ready-to-drink premixes, the growing importance of novel and ethnic flavors, and inventive improvements in marketing and promotional activities all contribute to the growth of the worldwide frozen drinks market.
Market Restraints
The frozen drinks market's sensitivity to seasonal demand swings is a key concern. Sales typically peak during the hot summer months and fall during the colder seasons, resulting in possible revenue instability and operational issues in managing inventory and manufacturing capacity. Because seasonality can limit year-round profitability, appropriate seasonal planning and diversification techniques are required to offset its impact.
Impact of COVID-19
The COVID-19 epidemic has a huge impact on the Global Frozen Drinks Market. Supply chain disruptions, lockdowns, and lower consumer spending all contributed to the industry's slump. While demand for certain liquid items like hand sanitizers increased, the whole market experienced difficulties. However, the business is projected to rebound as pandemic-related limitations loosen and customer preferences adapt. Hygiene and health-related liquid products are anticipated to remain a priority, encouraging industry innovation and adaption.
Recent Development
In September 2022, Diageo acquired Mr Black, an Australian premium cold brew coffee liqueur. Founded in 2013 by designer Tom Baker and award-winning distiller Philip Moore, Mr Black aimed to blend the global coffee culture with the world of spirits and cocktails. It has become the top premium coffee liqueur in the United States, reviving coffee cocktail culture by applying modern brewing techniques and high-quality sourcing to popular drinks like the espresso martini and coffee old fashioned.
Market Segmentation
Global Frozen Drinks Market is segmented into type, application and product form. By type such as alcoholic drinks, non-alcoholic drinks. By application such as hypermarket and supermarket, food and drink specialists, convenience stores. By product form such as ice popsicles, freezer pouch drinks.
Regional Analysis
Global Frozen Drinks Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Europe dominates the frozen drinks industry as a result of rising consumer climate and seasonal holidays such as picnics and parties, increasing alcohol consumption, and increasing preferences for crushed ice beverages from consumers in this region. North America is predicted to rise in the frozen drinks market due to rising alcohol consumption, increased R&D activities in this region, rising disposable income has raised the number of parties, and rising population has also increased demand for the product in this region.
Key Players
This report includes a list of numerous Key Players, namely Diageo PLC, Halewood International Limited, Asahi Group Holdings, Ltd., Accolade Wines, Bacardi Limited, Mike's Hard Lemonade Co., Castel Group, Suntory Holdings Limited, Anheuser-Busch InBev SA/NV, The Brown-Forman Corporation.
Market Taxonomy
By Type
• Alcoholic Drinks
• Non-Alcoholic Drinks
By Application
• Hypermarket and Supermarket
• Food and Drink Specialists
• Convenience Stores
By Product Form
• Ice Popsicles
• Freezer Pouch Drinks
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
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Global Frozen Drinks Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Frozen Drinks Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Frozen Drinks Market, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. Global Frozen Drinks Market Share Analysis, By Type
5.3. Global Frozen Drinks Market Size and Forecast, By Type
5.3.1. Alcoholic Drinks
5.3.2. Non-Alcoholic Drinks
6. Global Frozen Drinks Market, By Application
6.1. Y-o-Y Growth Comparison, By Application
6.2. Global Frozen Drinks Market Share Analysis, By Application
6.3. Global Frozen Drinks Market Size and Forecast, By Application
6.3.1. Hypermarket and Supermarket
6.3.2. Food and Drink Specialists
6.3.3. Convenience Stores
7. Global Frozen Drinks Market, By Product Form
7.1. Y-o-Y Growth Comparison, By Product Form
7.2. Global Frozen Drinks Market Share Analysis, By Product Form
7.3. Global Frozen Drinks Market Size and Forecast, By Product Form
7.3.1. Ice Popsicles
7.3.2. Freezer Pouch Drinks
8. Global Frozen Drinks Market, By Region
8.1. Global Frozen Drinks Market Share Analysis, By Region
8.2. Global Frozen Drinks Market Share Analysis, By Region
8.3. Global Frozen Drinks Market Size and Forecast, By Region
9. North America Frozen Drinks Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. North America Frozen Drinks Market Share Analysis, By Type
9.3. North America Frozen Drinks Market Share Analysis, By Application
9.4. North America Frozen Drinks Market Share Analysis, By Product Form
9.5. North America Frozen Drinks Market Size and Forecast, By Country
9.5.1. U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2. Market Size and Forecast, By Application
9.5.1.3. Market Size and Forecast, By Product Form
9.5.2. Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2. Market Size and Forecast, By Application
9.5.2.3. Market Size and Forecast, By Product Form
9.5.3. Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2. Market Size and Forecast, By Application
9.5.3.3. Market Size and Forecast, By Product Form
10. Europe Frozen Drinks Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Europe Frozen Drinks Market Share Analysis, By Type
10.3. Europe Frozen Drinks Market Share Analysis, By Application
10.4. Europe Frozen Drinks Market Share Analysis, By Product Form
10.5. Europe Frozen Drinks Market Size and Forecast, By Country
10.5.1. Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2. Market Size and Forecast, By Application
10.5.1.3. Market Size and Forecast, By Product Form
10.5.2. France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2. Market Size and Forecast, By Application
10.5.2.3. Market Size and Forecast, By Product Form
10.5.3. UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2. Market Size and Forecast, By Application
10.5.3.3. Market Size and Forecast, By Product Form
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2. Market Size and Forecast, By Application
10.5.4.3. Market Size and Forecast, By Product Form
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2. Market Size and Forecast, By Application
10.5.5.3. Market Size and Forecast, By Product Form
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2. Market Size and Forecast, By Application
10.5.6.3. Market Size and Forecast, By Product Form
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2. Market Size and Forecast, By Application
10.5.7.3. Market Size and Forecast, By Product Form
11. Asia Pacific Frozen Drinks Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Asia Pacific Frozen Drinks Market Share Analysis, By Type
11.3. Asia Pacific Frozen Drinks Market Share Analysis, By Application
11.4. Asia Pacific Frozen Drinks Market Share Analysis, By Product Form
11.5. Asia Pacific Frozen Drinks Market Size and Forecast, By Country
11.5.1. China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2. Market Size and Forecast, By Application
11.5.1.3. Market Size and Forecast, By Product Form
11.5.2. Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2. Market Size and Forecast, By Application
11.5.2.3. Market Size and Forecast, By Product Form
11.5.3. India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2. Market Size and Forecast, By Application
11.5.3.3. Market Size and Forecast, By Product Form
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2. Market Size and Forecast, By Application
11.5.4.3. Market Size and Forecast, By Product Form
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2. Market Size and Forecast, By Application
11.5.5.3. Market Size and Forecast, By Product Form
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2. Market Size and Forecast, By Application
11.5.6.3. Market Size and Forecast, By Product Form
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2. Market Size and Forecast, By Application
11.5.7.3. Market Size and Forecast, By Product Form
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2. Market Size and Forecast, By Application
11.5.8.3. Market Size and Forecast, By Product Form
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2. Market Size and Forecast, By Application
11.5.9.3. Market Size and Forecast, By Product Form
12. Latin America Frozen Drinks Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Latin America Frozen Drinks Market Share Analysis, By Type
12.3. Latin America Frozen Drinks Market Share Analysis, By Application
12.4. Latin America Frozen Drinks Market Share Analysis, By Product Form
12.5. Latin America Frozen Drinks Market Size and Forecast, Country
12.5.1. Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2. Market Size and Forecast, By Application
12.5.1.3. Market Size and Forecast, By Product Form
12.5.2. Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2. Market Size and Forecast, By Application
12.5.2.3. Market Size and Forecast, By Product Form
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2. Market Size and Forecast, By Application
12.5.3.3. Market Size and Forecast, By Product Form
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2. Market Size and Forecast, By Application
12.5.4.3. Market Size and Forecast, By Product Form
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2. Market Size and Forecast, By Application
12.5.5.3. Market Size and Forecast, By Product Form
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2. Market Size and Forecast, By Application
12.5.6.3. Market Size and Forecast, By Product Form
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2. Market Size and Forecast, By Application
12.5.7.3. Market Size and Forecast, By Product Form
13. Middle East Frozen Drinks Market Analysis and Forecast (2023-2030)
13.1. Introduction
13.2. Middle East Frozen Drinks Market Share Analysis, By Type
13.3. Middle East Frozen Drinks Market Size and Forecast, By Application
13.4. Middle East Frozen Drinks Market Size and Forecast, By Product Form
13.5. Middle East Frozen Drinks Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2. Market Size and Forecast, By Application
13.5.1.3. Market Size and Forecast, By Product Form
13.5.2. UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2. Market Size and Forecast, By Application
13.5.2.3. Market Size and Forecast, By Product Form
13.5.3. Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2. Market Size and Forecast, By Application
13.5.3.3. Market Size and Forecast, By Product Form
13.5.4. Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2. Market Size and Forecast, By Application
13.5.4.3. Market Size and Forecast, By Product Form
13.5.5. South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2. Market Size and Forecast, By Application
13.5.5.3. Market Size and Forecast, By Product Form
13.5.6. Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2. Market Size and Forecast, By Application
13.5.6.3. Market Size and Forecast, By Product Form
14. Competitive Analysis
14.1. Competition Dashboard
14.2. Market share Analysis of Top Vendors
14.3. Key Development Strategies
15. Company Profiles
15.1. Diageo PLC
15.1.1. Offerings
15.1.2. Key Financials
15.1.3. Business Segment & Geographic Overview
15.1.4. Key Market Developments
15.1.5. Key Strategies
15.2. Halewood International Limited
15.2.1. Overview
15.2.2. Offerings
15.2.3. Key Financials
15.2.4. Business Segment & Geographic Overview
15.2.5. Key Market Developments
15.2.6. Key Strategies
15.3. Asahi Group Holdings, Ltd
15.3.1. Overview
15.3.2. Offerings
15.3.3. Key Financials
15.3.4. Business Segment & Geographic Overview
15.3.5. Key Market Developments
15.3.6. Key Strategies
15.4. Accolade Wines
15.4.1. Overview
15.4.2. Offerings
15.4.3. Key Financials
15.4.4. Business Segment & Geographic Overview
15.4.5. Key Market Developments
15.4.6. Key Strategies
15.5. Bacardi Limited
15.5.1. Overview
15.5.2. Offerings
15.5.3. Key Financials
15.5.4. Business Segment & Geographic Overview
15.5.5. Key Market Developments
15.5.6. Key Strategies
15.6. Mike's Hard Lemonade Co.
15.6.1. Overview
15.6.2. Offerings
15.6.3. Key Financials
15.6.4. Business Segment & Geographic Overview
15.6.5. Key Market Developments
15.6.6. Key Strategies
15.7. Castel Group
15.7.1. Overview
15.7.2. Offerings
15.7.3. Key Financials
15.7.4. Business Segment & Geographic Overview
15.7.5. Key Market Developments
15.7.6. Key Strategies
15.8. Suntory Holdings Limited
15.8.1. Overview
15.8.2. Offerings
15.8.3. Key Financials
15.8.4. Business Segment & Geographic Overview
15.8.5. Key Market Developments
15.8.6. Key Strategies
15.9. Anheuser-Busch InBev SA/NV
15.9.1. Overview
15.9.2. Offerings
15.9.3. Key Financials
15.9.4. Business Segment & Geographic Overview
15.9.5. Key Market Developments
15.9.6. Key Strategies
15.10. The Brown-Forman Corporation
15.10.1. Overview
15.10.2. Offerings
15.10.3. Key Financials
15.10.4. Business Segment & Geographic Overview
15.10.5. Key Market Developments
15.10.6. Key Strategies
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