Frozen Drinks Market Report 2025 (Global Edition)

Global Frozen Drinks Market Report 2025 Market Size Split by Type (Alcoholic Drinks, Non-alcoholic Drinks), by Application (Hypermarket and Supermarket, Food and Drink Specialists, Convenience Stores)...

Frozen Drinks Market Report Description

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Competitive Landscape of the Frozen Drinks Market

The frozen drinks market is fiercely competitive, with several key players vying for market share. Emerging trends like customizable options and eco-friendly packaging add further dynamism. Regional brands and artisanal producers contribute to the competitive landscape by offering unique local flavors. Continuous innovation, marketing strategies, and responsiveness to consumer preferences are crucial for success in this rapidly evolving market.

Frozen Drinks Industry News 

In October 2018, LIC Frozen Cocktails launched fully frozen, thirst-quenching frozen cocktails, Short for Love Iced Cocktails, with an alcoholic strength of 10% ABV. The product contains 67 calories and is made with premium Plantation Rum in three flavors: the mojito, the daiquiri, and the piña colada.

(Source: https://www.thedrinksreport.com/news/2016/16654-love-ice-cocktails-launched-in-sainsbury-s.html

In July 2019, Frozun Spirits Infusion launched Frozun, a hand-crafted, all-natural line of alcohol-infused frozen cocktails and desserts. The company launched this new product variant as a unique blend of sorbet infused with vodka, tequila, bourbon, and rum, owing to the consumers' demand for innovative cocktail drinks.

(Source: https://www.prnewswire.com/news-releases/frozun-spirits-infusion-launches-alcohol-infused-frozen-cocktails--desserts-300889173.html

Top Companies Market Share in Frozen Drinks Industry: (In no particular order of Rank)

• Davide Campari-Milano N.V. (Netherlands)
• Diageo PLC (U.K.)
• Halewood International Limited (U.K.)
• Asahi Group Holdings Ltd. (Japan)
• Accolade Wines (Australia)
• Bacardi Limited (Bermuda)
• Mike's Hard Lemonade Co. (U.S.)
• Castel Group (France)
• Suntory Holdings Limited (Japan)
• Anheuser-Busch InBev SA/NV (Belgium)
• The Brown-Forman Corporation (U.S.)
• United Brands Company Inc. (U.S.)
• PernodRicard SA (France)
• The Miller Brewing Company (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Frozen Drinks Market

Which region will dominate the Frozen Drinks market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In the North American market, frozen drinks have solidified their status as a lucrative segment within the beverage industry. With myriad options ranging from smoothies to frozen cocktails, consumer demand remains robust, driven by convenience, flavor innovation, and lifestyle trends. North America boasts a well-established infrastructure for frozen drink production and distribution, supported by a network of manufacturers, retailers, and food service establishments. This market's maturity and continuous product diversification ensure sustained growth and competitive dynamics.

Which is Expanding at the Fastest CAGR?

Meanwhile, Europe emerges as the fastest-growing frozen drink market region, propelled by changing consumer preferences and increasing adoption of on-the-go consumption habits. The region's diverse demographics and evolving culinary trends contribute to a vibrant landscape for frozen beverage innovation. Moreover, heightened awareness of health and wellness among European consumers has increased demand for healthier frozen drink options, such as fruit-based blends and low-sugar formulations. Furthermore, the proliferation of specialty cafes and quick-service restaurants catering to frozen beverage offerings underscores Europe's position as a key growth engine in the global frozen drinks market.

The current report Scope analyzes Frozen Drinks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Frozen Drinks Market

According to Cognitive Market Research, the global Frozen Drinks market size was estimated at USD 40378.70 Million, out of which North Americaheld the major market of more than 27.27% of the global revenue with a market size of USD 11714.89 Million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.39% from 2024 to 2031. The frozen drinks market in North America is experiencing robust growth, driven by consumer demand for convenient and refreshing beverages. Frozen cocktails and smoothies stand out among the dominating segments, appealing to diverse preferences for alcoholic and non-alcoholic options. The demand for natural and organic ingredients is rising with increasing health consciousness. Additionally, technological advancements in freezing techniques and packaging contribute to market expansion. In conclusion, the North American frozen drinks market shows promising growth prospects, driven by evolving consumer preferences and innovative product offerings.

• The U.S. had a major share in the frozen drinks market, with a size of USD 6043.44 Million in 2024. The market is projected to grow at a CAGR of 6.20% during the forecast period.
• The Canada Frozen Drinks market had a market share of USD 3409.69 million in 2024 and is projected to grow at a CAGR of 6.01% during the forecast period.
• The Mexico Frozen Drinks market is projected to grow at a CAGR of 5.99% during the forecast period, reaching a market size of USD 2230.29 million in 2024.  

Europe Frozen Drinks Market

According to Cognitive Market Research, with a market value of USD 38514.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 5.1%from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 11554.26 million. The European Frozen Drinks market showcases robust growth, driven by rising demand for convenience beverages. Dominating segments include frozen cocktails and smoothies, with consumers increasingly valuing taste, variety, and health benefits. Convenience stores and supermarkets serve as primary distribution channels, offering consumers a wide range of options. As the trend towards healthier lifestyles continues, there's a growing preference for natural ingredients and low-sugar options. In conclusion, the European Frozen Drinks market presents ample opportunities for innovation and expansion, fueled by changing consumer preferences and lifestyle trends.

• The United KingdomFrozen Drinks market had a market share of USD 1941.12million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. Growing demand for convenience, innovation in flavors, and changing consumer preferences drive the U.K.'s frozen drinks market.
• The FranceFrozen Drinks market is projected to grow at a CAGR of 4.3% during the forecast period and reach a market size of USD 1062.99million in 2024.
• According to Cognitive Market Research, the Germany Frozen Drinks market size was valued at USD 2287.74million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Demand for frozen drinks in Germany rises due to hot weather, convenience, and evolving consumer preferences. 
• The ItalyFrozen Drinks market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 993.67million in 2024.
• The Russian frozen Drinks market is projected to grow at a CAGR of 4.1% during the forecast period, reaching a market size of USD 1790.91million in 2024.
• The SpainFrozen Drinks market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 947.45million in 2024.
• The LuxembourgFrozen Drinks market is projected to grow at a CAGR of 5.2% during the forecast period, reaching a market size of USD 358.18million in 2024.
• The PortugalFrozen Drinks market is projected to grow at a CAGR of 4.9% during the forecast period, with a market size of USD 242.64million in 2024.
• The GreeceFrozen Drinks market is projected to grow at a CAGR of 5.4% during the forecast period, reaching a market size of USD 138.65million in 2024.
• The rest of Europe's Frozen Drinks market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD 1790.91million in 2024.

Asia Pacific Frozen Drinks Market

According to Cognitive Market Research, the global Frozen Drinks market size was estimated at USD 38514.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 8858.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. The Asia Pacific frozen drinks market thrives, driven by increasing urbanization and changing consumer preferences. Frozen fruit-based drinks hold a significant share among the dominating segments due to their perceived health benefits and refreshing taste. Additionally, innovative flavors and convenient packaging formats contribute to market growth. In conclusion, with a rising demand for convenient, on-the-go beverages and a growing inclination towards healthier options, the Asia Pacific frozen drinks market is poised for sustained expansion in the foreseeable future.

• According to Cognitive Market Research, the China Frozen Drinks market size was valued at USD 3986.22 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Rising disposable incomes, urbanization, and changing consumer preferences drive growth in China's frozen drinks market.
• The JapanFrozen Drinks market is projected to grow at a CAGR of 7.1% during the forecast period, reaching a market size of USD 1222.44million in 2024.
• The IndiaFrozen Drinks market had a market share of USD 1062.99million in 2024 and is projected to grow at a CAGR of 10.4% during the forecast period. Growing demand for convenience, changing lifestyles, hot climate, urbanization, and increasing disposable incomes drive the Frozen Drinks market in India.
• The South KoreaFrozen Drinks market is projected to grow at a CAGR of 7.7% during the forecast period, with a market size of USD 885.83million in 2024.
• The AustraliaFrozen Drinks market is projected to grow at a CAGR of 8.3% during the forecast period, with a market size of USD 460.63million in 2024.
• The South East AsiaFrozen Drinks market is projected to grow at a CAGR of 9.6% during the forecast period, reaching a market size of USD 611.22million in 2024.
• The rest of the Asia PacificFrozen Drinks market is projected to grow at a CAGR of 8.4% during the forecast period, with a market size of USD 628.94million in 2024.

South America Frozen Drinks Market

According to Cognitive Market Research, the global Frozen Drinks market size was estimated at USD 38514.2Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 1925.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. The Frozen Drinks market in Latin America is witnessing substantial growth driven by rising disposable incomes and changing consumer preferences for convenient and refreshing beverages. The dominating segment within this market is frozen fruit-based drinks, owing to their perceived health benefits and natural ingredients. As consumer demand continues to surge, opportunities for innovation and expansion within this segment are abundant. In conclusion, the Latin American Frozen Drinks market shows promising prospects for sustained growth, focusing on meeting evolving consumer tastes and preferences while capitalizing on the region's rich agricultural resources.

• According to Cognitive Market Research, the Brazil Frozen Drinks market size was valued at USD 824.20million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. Rising temperatures, urbanization, tourism, and leisure preferences drive demand for frozen drinks in Brazil. 
• The ArgentinaFrozen Drinks market had a market share of USD 323.52million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Demand for convenience, changing consumer preferences, tourism, hot climate, lifestyle shifts, urbanization, affordability, and innovation.
• The Colombian frozen Drinks market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 171.39million in 2024.
• The PeruFrozen Drinks market is projected to grow at a CAGR of 6.2% during the forecast period, reaching a market size of USD 157.91million in 2024.
• The Chilean frozen Drinks market is projected to grow at a CAGR of 6.3% during the forecast period, reaching a market size of USD 138.65million in 2024.
• The rest of the Latin AmericaFrozen Drinks market is projected to grow at a CAGR of 5.1% during the forecast period, with a market size of USD 310.04million in 2024.

Middle East and Africa Frozen Drinks Market

According to Cognitive Market Research, the global Frozen Drinks market size was estimated at USD 38514.2Million, out of which the Middle East and Africaheld the major market ofaround 2% of the global revenue with a market size of USD 770.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. The Frozen Drinks market in the Middle East and Africa (MEA) region demonstrates promising growth, driven by increasing consumer preference for convenient and refreshing beverages. Among various segments, frozen smoothies stand out as the dominating segment, owing to their perceived health benefits and diverse flavor options. The market is poised for continued expansion with rising disposable incomes and changing lifestyle preferences. In conclusion, the MEA Frozen Drinks market presents lucrative opportunities for manufacturers and retailers to innovate and cater to evolving consumer demands, emphasizing convenience, flavor variety, and health consciousness.

• According to Cognitive Market Research, the GCC Countries' Frozen Drinks market was valued at USD 329.68million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Rising temperatures, tourism, leisure trends, urbanization, and disposable incomes boost demand for frozen drinks in the GCC.
• The EgyptFrozen Drinks market is projected to grow at a CAGR of 6.6% during the forecast period, reaching a market size of USD 80.88million in 2024.
• The South African frozen Drinks market is projected to grow at a CAGR of 7.3% during the forecast period, reaching USD 121.70million in 2024.Rising temperatures, urbanization, leisure culture, tourism, and disposable income propel the market.
• The TurkeyFrozen Drinks market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 66.24million in 2024.
• The Nigerian frozen Drinks market is projected to grow at a CAGR of 5.4% during the forecast period, reaching a market size of USD 80.88million in 2024.
• The rest of the MEAFrozen Drinks market is projected to grow at a CAGR of 5.3% during the forecast period, reaching a market size of USD 90.89million in 2024.

Frozen Drinks Market Analysis

Frozen Drinks Type Segment Analysis

The frozen drinks market encompasses alcoholic and non-alcoholic beverages with distinct trends and consumer preferences. Alcoholic frozen drinks, such as margaritas, daiquiris, and pina coladas, have witnessed steady growth driven by their popularity in bars, restaurants, and beach resorts. Consumers seek these refreshing options for leisure and socializing, particularly during warm seasons. Moreover, the premiumization trend has led to the emergence of craft and artisanal frozen cocktails, appealing to discerning drinkers seeking unique flavors and experiences.

On the other hand, the non-alcoholic frozen drinks segment has experienced a surge in demand, driven by health-conscious consumers and the growing preference for alternatives to sugary sodas. Smoothies, slushies, and frozen lemonades are popular choices, often infused with fruits, vegetables, and functional ingredients to cater to wellness trends. Additionally, the rise of specialty coffee and tea-based frozen beverages has widened the market's scope, attracting traditional and health-conscious consumers seeking indulgent yet refreshing options.

• Alcoholic Drinks
• Non-alcoholic Drinks

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Frozen Drinks Industry. Request a Free Sample PDF!

Frozen Drinks Application Segment Analysis

The frozen drinks market has experienced notable growth across various retail channels, including hypermarkets, supermarkets, and food and drink specialists. Hypermarkets and supermarkets represent key players in this market segment, offering a wide array of frozen drink options to consumers seeking convenience and variety. These large-scale retailers often provide extensive shelf space for frozen beverages, catering to diverse tastes and preferences.

Food and drink specialists also play a significant role in the frozen drinks market, particularly by offering niche and premium options targeted at discerning customers. These specialty retailers often emphasize quality and uniqueness in their product offerings, appealing to consumers looking for innovative flavors and high-end frozen drink experiences.

In recent years, the market has witnessed increased demand for healthier and natural ingredient-based frozen drinks, driven by evolving consumer preferences for wellness and sustainability. Additionally, innovative packaging formats and marketing strategies have contributed to the market's growth, enticing consumers with visually appealing and convenient frozen drink options.

• Hypermarket and Supermarket
• Food and Drink Specialists
• Convenience Stores

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Frozen Drinks Product form Segment Analysis

The frozen drinks market has witnessed a surge in popularity, driven by innovative products like ice popsicles and freezer pouch drinks. Ice popsicles, known for their refreshing taste and convenient packaging, have become a favorite among consumers seeking quick, on-the-go treats. With a wide range of flavors and options, including fruit-based, dairy-free, and even alcoholic varieties, ice popsicles cater to diverse consumer preferences and dietary needs.

Similarly, freezer pouch drinks have gained traction for their convenience and versatility. These portable beverages offer a refreshing option for consumers looking to quench their thirst without refrigeration until consumption. With various flavors and functional ingredients such as electrolytes or vitamins, freezer pouch drinks appeal to health-conscious consumers seeking convenient hydration solutions.

• Ice Popsicles
• Freezer Pouch Drinks
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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