Rum Trends and Forecast
The future of the global rum market looks promising with opportunities in the business to business, hypermarkets or supermarkets, specialty stores, and online retails markets. The global rum market is expected to reach an estimated $15.12 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are upward trend in current per capita income and rising consumer interest and expanding cocktail culture across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Rum by Segment
The study includes a forecast for the global rum by rum type, nature, business channel, and region.
Rum Market by Rum Type [Shipment Analysis by Value from 2018 to 2030]:
• White Rum
• Light Or Gold Rum
• Dark Rum
• Spiced Rum
• Others
Rum Market by Nature [Shipment Analysis by Value from 2018 to 2030]:
• Plain Rum
• Flavored Rum
• Organic Rum
• Conventional Rum
• Others
Rum Market by Business Channel [Shipment Analysis by Value from 2018 to 2030]:
• Business to Business
• Hypermarkets Or Supermarkets
• Specialty Stores
• Online Retails
• Others
Rum Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Rum Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rum companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rum companies profiled in this report include-
• Asahi
• Bacardi
• Davide Campari-Milano
• Demerara Distillers
• Diageo
• LT Group
• Nova Scotia Spirit
• Pernod Ricard
• Suntory Holdings
• William Grant & Sons
Rum Market Insights
Lucintel forecasts that dark rum will remain the largest segment over the forecast period due to its mellow flavor.
Within this market, hypermarkets or supermarkets will remain the largest segment due to as it offers convenience and affordability to a broad consumer base.
North America will remain the largest region over the forecast period due to high population density and disposable income and rising consumption of flavored and spiced rums in cocktails.
Features of the Global Rum Market
Market Size Estimates: Rum market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Rum market size by rum type, nature, business channel, and region in terms of value ($B).
Regional Analysis: Rum market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different rum types, nature, business channels, and regions for the rum market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rum market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the rum market size?
Answer: The global rum market is expected to reach an estimated $15.12 billion by 2030.
Q2. What is the growth forecast for rum market?
Answer: The global rum market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the rum market?
Answer: The major drivers for this market are upward trend in current per capita income and rising consumer interest and expanding cocktail culture across the globe.
Q4. What are the major segments for rum market?
Answer: The future of the rum market looks promising with opportunities in the business to business, hypermarkets or supermarkets, specialty stores, and online retails markets.
Q5. Who are the key rum market companies?
Answer: Some of the key rum companies are as follows:
• Asahi
• Bacardi
• Davide Campari-Milano
• Demerara Distillers
• Diageo
• LT Group
• Nova Scotia Spirit
• Pernod Ricard
• Suntory Holdings
• William Grant & Sons
Q6. Which rum market segment will be the largest in future?
Answer: Lucintel forecasts that dark rum will remain the largest segment over the forecast period due to its mellow flavor.
Q7. In rum market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to high population density and disposable income and rising consumption of flavored and spiced rums in cocktails.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the rum market by rum type (white rum, light or gold rum, dark rum, spiced rum, and others), nature (plain rum, flavored rum, organic rum, conventional rum, and others), business channel (business to business, hypermarkets or supermarkets, specialty stores, online retails, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Rum Market, Rum Market Size, Rum Market Growth, Rum Market Analysis, Rum Market Report, Rum Market Share, Rum Market Trends, Rum Market Forecast, Rum Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.