The Rum market is a segment of the alcoholic beverage industry that produces and sells rum. Rum is a distilled alcoholic beverage made from sugarcane byproducts, such as molasses, or directly from sugarcane juice, by a process of fermentation and distillation. It is typically aged in oak barrels and can be flavored with spices, fruits, or other ingredients.
The Rum market is highly competitive, with many companies vying for market share. Major players in the market include Bacardi, Captain Morgan, Havana Club, and Mount Gay. Other notable companies include Appleton Estate, Angostura, and Don Q. These companies produce a variety of rum styles, from light and dry to dark and sweet.
The Rum market is expected to continue to grow in the coming years, as consumers become more aware of the variety of rum styles available. With the increasing popularity of craft cocktails, the demand for high-quality rum is expected to remain strong. Show Less Read more