The global rum market is expected to reach 24.8 billion USD by 2031, with an average annual growth rate of 3.9%.
The global rum market is experiencing steady growth and is raising a glass to a bright future. In 2022, sales reached approximately $17.56 billion. According to analysts' forecasts, this growth trend is expected to continue, with the global rum market estimated to reach $24.78 billion by 2031. This growth indicates a robust average annual growth rate (CAGR) of 3.9% during the forecast period from 2023 to 2031. Often praised as a versatile and beloved spirit, rum is no stranger to the global market. The global rum market features both traditional brands with centuries of heritage and newcomers with fresh and innovative approaches. This diversity fosters competition and innovation within the industry, creating exciting rum options for consumers. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global rum market is classified based on type, nature, sales channel, and region. By Type White Rum Light/Gold Rum Dark Rum Spiced Rum By Nature Organic Conventional By Sales Channel Business to Business Business to Consumer Hypermarkets/Supermarkets Specialty Stores Online Retail Others Key Companies: Diageo PLC Pernod Ricard SA Remy Cointreau Group Westerhall Estate Ltd Cayman Spirits Co Mohan Meakin Ltd Halewood International Holdings PLC Suntory Holdings Limited AREHUCAS Elements Eight Rum Company Ltd Bacardi Limited Edrington Radico Khaitan Ltd Davide Campari-Milano S.p.A.
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