What is aRTD category
9/10/2024 11:04pm
The aRTD (Alcohol Ready-to-Drink) category refers to a segment of the beverage market that includes pre-mixed alcoholic beverages that are ready for immediate consumption. These beverages are typically sold in cans or bottles and are designed to be consumed on the go or at social gatherings.
The aRTD category has seen significant growth in recent years, driven by changing consumer preferences and the increasing popularity of ready-to-drink cocktails. According to a report by ResearchAndMarkets.com, the global aRTD market is expected to reach $25.2 billion by 2026, growing at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2026.
Coca-Cola's entry into the aRTD category with the launch of Jack Daniel's & Coca-Cola and other collaborations is part of the company's strategy to expand its footprint in this growing market segment. The success of these products is expected to contribute to the overall growth of the aRTD category, although specific revenue growth figures for Coca-Cola's new product line are not currently available.