Quick Summary:
In an increasingly globalized market, bolstered by expanding international trade and distribution networks, the rum industry is poised for significant growth. In an era where consumers are developing a taste for premium products, the demand for upscale varieties of rum is showing a promising upward trajectory.
Our comprehensive market research report offers an invaluable, holistic insight into this expanding market, focusing on the key factors driving its growth, including burgeoning e-commerce sales and rising demand from millennials for rum-based cocktails. With state-of-the-art analysis, promising trends, and a compilation of data from multiple dependable sources, this report is crucial for any executive looking to understand the rum industry. Additionally, it provides a detailed vendor analysis of several leading market parties like Diageo Plc, Pernod Ricard SA, Bacardi Ltd. and others, to help companies strategize, improve their position, and seize forthcoming growth opportunities.
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The rum market is forecasted to grow by USD 9.1 bn during 2023-2028, accelerating at a CAGR of 7.06% during the forecast period. The report on the rum market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for premium varieties of rum, expanding international trade and distribution networks, and increasing disposable income in emerging markets.
The rum market is segmented as below:
By Product
- Gold and dark rum
- White rum
- Spiced rum
By Distribution Channel
- Off trade
- On trade
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the rum market covers the following areas:
- Rum market sizing
- Rum market forecast
- Rum market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global rum market: Asahi Group Holdings Ltd., Atom Supplies Ltd., Bacardi Ltd., Campari Group, Cayman Spirits Co, Demerara Distillers Ltd, Diageo Plc, LT Group Inc., LYON RUM Windon Distilling, MAINE CRAFT DISTILLING, Mohan Meakin Ltd., Nova Scotia Spirit Co, Pernod Ricard SA, Suntory Holdings Ltd., The Edrington Group Ltd., Tobacco Barn Distillery LLC, Westerhall Estate Ltd., and William Grant and Sons Ltd.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing sales of rum on e-commerce platforms.'
According to the report, one of the major drivers for this market is the growing demand for premium varieties of rum.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Asahi Group Holdings Ltd.
- Atom Supplies Ltd.
- Bacardi Ltd.
- Campari Group
- Cayman Spirits Co
- Demerara Distillers Ltd
- Diageo Plc
- LT Group Inc.
- LYON RUM Windon Distilling
- MAINE CRAFT DISTILLING
- Mohan Meakin Ltd.
- Nova Scotia Spirit Co
- Pernod Ricard SA
- Suntory Holdings Ltd.
- The Edrington Group Ltd.
- Tobacco Barn Distillery LLC
- Westerhall Estate Ltd.
- William Grant and Sons Ltd
