Analysis of High Strength Premixes Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global high strength premixes market stands at a value of US$ 36.2 billion by 2023 and is forecasted to transcend a sales revenue of US$ 53.5 billion by the end of 2033. Over the course of the next ten years, worldwide sales of high strength premixes are estimated to increase at 4% CAGR.
Health consciousness among the general population has increased exponentially in the past few years and this has resulted in rising consumption of low-alcohol beverages, which is anticipated to subsequently promulgate high strength premix demand across the forecast period. The rising availability of spirit-infused beers, fruit-flavoured beers, cocktail cans, and RTD (ready-to-drink) low-alcohol content beverages is also a prime factor that favours market development in the future.
Growing demand for alcoholic high strength premixes with healthy ingredients, increasing investments in research and development of novel high strength premixes, affordable pricing, and high demand from the younger population are some other prospects that are expected to drive high strength premix shipments over the next ten years.
On the contrary, varying religious beliefs and heavy taxation on high strength premixes in certain regions or countries are expected to inhibit market development in the future. Stringent mandates regarding advertisement and sales of alcoholic beverages are also expected to hinder market potential. The rising number of anti-alcohol campaigns led by non-profits could also potentially impede sales of high strength premixes.
China is anticipated to emerge as a highly rewarding market for high strength premix providers over the coming years owing to high alcohol consumption in the country. The country is expected to account for nearly 40% of all high strength premix sales in the Asia Pacific region by the end of the forecast period. The rising availability of new high strength premixes in retail and non-retail sales channels is expected to boost high strength premix shipments in the country through 2033.
Meanwhile, Europe and North America cumulatively account for a lion’s share of the global market in terms of revenue and volume.
High Strength Premixes Market Size (2023)
US$ 36.2 Billion
Projected Market Value (2033F)
US$ 53.5 Billion
Global Market Growth Rate (2023-2033)
China Market Share (2033)
United States Market Growth Rate (2023-2033)
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“Demand for High Strength Premixes in APAC to Rise at Fastest Rate”
Changing consumer preferences, rising alcohol consumption, evolving retail infrastructure, presence of local beverage manufacturers, rising disposable income, and changing lifestyle habits are some of the major factors that are projected to govern high strength premix sales in the Asia Pacific region over the next ten years. The demand charge of growth in this region is anticipated to be led by developing economies such as China, India, Japan, and Korea.
More valuable insights about Asia Pacific along with other major and minor regions have been discussed extensively in this revised high strength premixes industry survey by Fact.MR, a market research and competitive intelligence provider.
“Presence of Key Beverage Manufacturers & High Alcohol Abuse”
Demand for high strength premixes is expected to rise at a 5% CAGR in the United States across the forecast period owing to the high availability of different types of high strength premixes and the high incidence of alcohol abuse. The government and other regulatory bodies are implementing new norms to reduce alcohol abuse, and this is expected to boost consumption of high strength premixes in the country through 2033.
Rising demand for low-alcohol content beverages, high disposable income, increasing awareness about the ill effects of alcohol consumption, and changing consumer preferences are other factors that could potentially drive high strength premix shipments in the country across the forecast period.
“Good Presence of Domestic Brands in Korea & Japan”
The market for high strength premixes in Japan and Korea is governed by local brands that provide a local taste that the consumers are acquainted with and hence, makes it highly lucrative for these domestic brands.
In recent years, as globalization has picked up pace consumer preferences are changing and lifestyles have also changed resulting in a growing demand for high strength premixes and other ready-to-drink beverages in Asian countries such as Japan and Korea. The aforementioned factor is anticipated to create an opportune market scenario for high strength premix manufacturers in Japan and Korea.
Global high strength premix brands are expected to expand their product portfolio in the aforementioned countries to increase their market share in the APAC region across the forecast period.
“Changing Consumer Habits & Rising Consumption of Low-alcohol Beverages”
Consumption of low-alcohol-content beverages has been increasing in the European region in recent years and this is expected to be a primary prospect driving demand in this region.
Incentives on the purchase of alcoholic high strength premixes, changing consumer lifestyles, increasing disposable income, and growing consumption of low-alcohol drinks among the younger population are some of the key factors that are slated to propel high strength premix sales in the majority of European countries such as Germany, France, Italy, and the United Kingdom which are the prime markets in this region.
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“Malt-based High Strength Premixes to Witness High Demand”
Based on product, the market for high strength premixes is segmented into spirit-based RTD high strength premixes, wine-based RTD high strength premixes, malt-based RTD high strength premixes, and others.
Rising demand for malt beverages in the younger population is a prim factor that is anticipated to promulgate sales of malt-based RTD high strength premixes in the future. Malt-based high strength premixes currently lead the market growth and are expected to maintain a similar dominant stance across the forecast period as well.
The growing availability of malt-based RTD (ready-to-drink) premixes across the world and the launch of new malt-based premixes by various brands are other factors that are expected to favor growth in this segment over the coming years.
“Specialty Stores Account for Majority of High Strength Premix Sales”
Based on sales channel, the market is segmented into specialty stores, modern trade, duty-free stores, online stores, and other sales channels.
In 2022, specialty stores accounted for more than 50% of the global high strength premix demand, and this trend is expected to be rife across the forecast period as well. Targeted marketing strategies and the presence of advanced storage infrastructure in specialty stores are prime factors that favor sales through this channel.
Moreover, the growing preference of brands to sell their products through specialty stores is also expected to factor into the demand in specialty stores over the coming years.
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Key high strength premix manufacturers are focusing on the launch of new products to increase their sales potential and drive revenue generation capacity.
High strength premix companies are also collaborating and partnering to create novel products that could help them enhance and expand their market presence.
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The market for high strength premixes in 2023 is estimated to be valued at US$ 36.2 billion.
Demand for high strength premixes is forecasted to rake in a sales revenue of US$ 53.5 billion by 2033-end.
Consumption of high strength premixes is anticipated to increase at a 4% CAGR from 2023 to 2033.
Increasing preference for low-alcohol ready-to-drink beverages is primarily driving high strength premix demand.
Malt-based, wine-based, and spirit-based are the most significant high strength premixes.
Brown-Forman Corp., Asahi Group Holdings Ltd., Pernod Ricard Groupe, Takara Holdings Inc., and Diageo Plc are key companies in this market.
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