Market Dynamics:
Rising demand for ready-to-drink cocktails is driving the growth of global cocktail syrups market. Ready-to-drink cocktails are pre-mixed cocktails available in bottles or cans that provide the convenience of enjoying cocktails anywhere. They offer the taste and experience of cocktails without requiring additional preparation. As a result, ready-to-drink cocktails have gained significant popularity among young consumers. Cocktail syrups play an important role in adding distinctive flavors to ready-to-drink cocktails. Growing demand for flavored alcoholic beverages is another factor fueling the market growth. Wide availability of cocktail syrups in various fruit flavors provides opportunities to experiment and craft unique flavored cocktails. Increasing trend of cocktail parties and social gatherings also supports the demand for cocktail syrups. Rising number of cocktail bars and restaurants offering craft cocktails worldwide augments the market growth.

Key Takeaways

The Global Cocktail Syrups Market Size is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing consumption of cocktails at homes and bars. Rising culture of socializing over cocktails and exposure to western cuisines have increased the demand for premium alcoholic beverages including craft cocktails. Furthermore, growing experimentation among consumers have prompted them to try new and unique cocktail recipes prepared with various cocktail syrups.

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