Rum Market - Growth, Future Prospects and Competitive Analysis, 2023

Description

List of Tables

The rum market is a diverse and ever-evolving segment of the global alcoholic beverages industry. The rum market is expected to grow at a CAGR of 5.5% during the forecast period of 2023 to 2031, driven by craft cocktails, premium and aged rum preferences, and the globalization of rum culture. While supply chain disruptions pose a significant restraint, the market is expected to expand, especially in regions with a strong rum tradition and an emerging interest in the spirit. The competitive landscape is marked by key players dedicated to delivering high-quality rums and adapting to the changing tastes of consumers.

Rising Popularity of Craft Cocktails

Craft Cocktail Movement: One of the primary drivers fueling the rum market is the rising popularity of craft cocktails. In 2022, there was a surge in the craft cocktail movement, with bartenders and consumers alike exploring innovative and unique cocktail creations. Rum, known for its versatility, became a favored choice for mixologists looking to craft exciting and flavorful cocktails. This trend is expected to continue into the forecast period from 2023 to 2031, with consumers seeking artisanal and high-quality rums for their home bars.

Tiki Culture Resurgence: The resurgence of tiki culture is another significant driver. Tiki culture, with its exotic and vibrant cocktails, gained traction in 2022. These cocktails often feature rum as a primary spirit, contributing to the growth of the rum market. This trend is anticipated to persist during the forecast period, as tiki-inspired bars and beverages continue to captivate consumers, driving demand for a variety of rum styles.

Preference for Premium and Aged Rums

Aged Rum Appreciation: The second key driver is the increasing preference for premium and aged rums. In 2022, consumers displayed a growing appreciation for the craftsmanship and complexity of aged rums. These rums, often aged in oak barrels, offer rich and nuanced flavors that appeal to connoisseurs and those seeking a sophisticated drinking experience. This trend is expected to continue into the forecast period, with the demand for premium and aged rums on the rise.

Globalization and Rum Tourism

Rum Tourism Destinations: The third driver is the globalization of rum and the emergence of rum tourism. In 2022, regions known for their rum production, such as the Caribbean and Latin America, saw a significant influx of tourists interested in visiting distilleries and experiencing the culture behind rum-making. This trend is anticipated to persist during the forecast period, with more regions around the world positioning themselves as rum destinations and attracting travelers seeking a taste of local rum traditions.

Supply Chain Disruptions

Global Challenges: A significant restraint impacting the rum market is supply chain disruptions, which were experienced in 2022 due to various global challenges. These disruptions included transportation bottlenecks, import/export restrictions, and labor shortages, all of which affected the production and distribution of rum. This restraint is expected to persist during the forecast period, especially if global issues such as climate change and political instability continue to impact the industry.

Product (White Rum, Dark Rum, Spiced Rum, Rum Agricole, Overproof Rum, Others): In 2022, Dark Rum recorded the highest revenue due to its wide range of applications in classic cocktails and a growing demand for aged and premium dark rums. However, during the forecast period from 2023 to 2031, spiced rum is expected to exhibit the highest compound annual growth rate (CAGR). The unique and approachable flavor profile of spiced rum, suitable for both sipping and mixing, is anticipated to drive its growth. While dark rum is expected to maintain its revenue leadership, spiced rum will experience robust growth. ABV Levels (Standard Strength Rum, Medium-Strength Rum, Navy-Strength Rum, Overproof Rum, Cask Strength Rum, Custom ABV Rum): In 2022, standard strength rum, falling within the 35% to 45% ABV range, generated the highest revenue due to its versatile use in a wide range of cocktails and mixed drinks. However, during the forecast period from 2023 to 2031, overproof rum is expected to exhibit the highest CAGR. Overproof rum, with an ABV above 68%, is gaining popularity among cocktail enthusiasts seeking stronger and more flavorful spirits. While standard-strength rum is expected to maintain its revenue leadership, overproof rum is poised for significant growth.

APAC remains the Global Leader

The region is expected to maintain its revenue leadership during the forecast period as it was in 2022, while the Asia-Pacific region, with its growing middle-class population and increasing interest in spirits, is anticipated to exhibit the highest CAGR. North America is expected to grow the highest CAGR during the forecast period of 2023 to 2031. A vast number of worldwide producers, increased demand for premium rums, and rising cocktail use of flavored and spiced rums are driving market expansion.

Product Development Strategies to Enhance Market Share among the Key Players

In the competitive landscape of the rum market, key players such as Bacardi, Diageo, Pernod Ricard, LT Group, and Ron Barceló have been at the forefront of innovation and product development. These companies have consistently invested in research and development to enhance their rum portfolios and have formed strategic partnerships with bars, restaurants, and retailers to ensure a widespread presence. In 2022, these industry leaders secured substantial revenue shares, and they are expected to maintain their positions during the forecast period from 2023 to 2031. Their strategies encompass producing high-quality rums, aligning with consumer preferences for premium and aged rums, and expanding their global footprint. Moreover, they are actively involved in addressing supply chain disruptions by implementing measures to ensure a consistent supply of rum to meet the growing demand.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofRum market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Rum market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

White Rum

Dark Rum

Spiced Rum

Rum Agricole

Overproof Rum

Others

Alcohol (ABV levels)

Standard Strength Rum - 35% to 45%

Medium-Strength Rum - 46% to 55%

Navy-Strength Rum - 57% to 68%

Overproof Rum - above 68%

Cask Strength Rum - Bottled directly from the cask

Custom ABV Rum

Age

1 to 3 years

4 to 10 years

Above 10 years

Packaging

Standard bottles,

Collectible packaging

Limited edition releases

Distribution Channel

Off-Trade

On-Trade

Region Segment (2021-2031; US$ Million)

North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Rum market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2031.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Rum market?

Which is the largest regional market for Rum market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Rum market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Rum market worldwide?

Product Code: 140006-12-23

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Rum Market
2.2. Global Rum Market, By Product, 2022 (US$ Million)
2.3. Global Rum Market, By Alcohol (ABV levels), 2022 (US$ Million)
2.4. Global Rum Market, By Age, 2022 (US$ Million)
2.5. Global Rum Market, By Packaging, 2022 (US$ Million)
2.6. Global Rum Market, By Distribution Channel, 2022 (US$ Million)
2.7. Global Rum Market, By Geography, 2022 (US$ Million)
2.8. Attractive Investment Proposition by Geography, 2022

3. Rum Market: Competitive Analysis

3.1. Market Positioning of Key Rum Market Vendors
3.2. Strategies Adopted by Rum Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031

4. Rum Market: Macro Analysis & Market Dynamics

4.1. Introduction
4.2. Global Rum Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape

5. Rum Market: By Product, 2021-2031, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
- 5.3.1. White Rum
- 5.3.2. Dark Rum
- 5.3.3. Spiced Rum
- 5.3.4. Rum Agricole
- 5.3.5. Overproof Rum
- 5.3.6. Others

6. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
- 6.3.1. Standard Strength Rum - 35% to 45%
- 6.3.2. Medium-Strength Rum - 46% to 55%
- 6.3.3. Navy-Strength Rum - 57% to 68%
- 6.3.4. Overproof Rum - above 68%
- 6.3.5. Cask Strength Rum - Bottled directly from the cask
- 6.3.6. Custom ABV Rum

7. Rum Market: By Age, 2021-2031, USD (Million)

7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
- 7.3.1. 1 to 3 years
- 7.3.2. 4 to 10 years
- 7.3.3. Above 10 years

8. Rum Market: By Packaging, 2021-2031, USD (Million)

8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
- 8.3.1. Standard bottles,
- 8.3.2. Collectible packaging
- 8.3.3. Limited edition releases

9. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

9.1. Market Overview
9.2. Growth & Revenue Analysis: 2022 Versus 2031
9.3. Market Segmentation
- 9.3.1. Off-Trade
- 9.3.2. On-Trade

10. North America Rum Market, 2021-2031, USD (Million)

10.1. Market Overview
10.2. Rum Market: By Product, 2021-2031, USD (Million)
10.3. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
10.4. Rum Market: By Age, 2021-2031, USD (Million)
10.5. Rum Market: By Packaging, 2021-2031, USD (Million)
10.6. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
10.7.Rum Market: By Region, 2021-2031, USD (Million)
- 10.7.1.North America
  - 10.7.1.1. U.S.
    - 10.7.1.1.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 10.7.1.1.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 10.7.1.1.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 10.7.1.1.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 10.7.1.1.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 10.7.1.2. Canada
    - 10.7.1.2.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 10.7.1.2.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 10.7.1.2.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 10.7.1.2.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 10.7.1.2.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 10.7.1.3. Rest of North America
    - 10.7.1.3.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 10.7.1.3.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 10.7.1.3.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 10.7.1.3.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 10.7.1.3.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

11. UK and European Union Rum Market, 2021-2031, USD (Million)

11.1. Market Overview
11.2. Rum Market: By Product, 2021-2031, USD (Million)
11.3. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
11.4. Rum Market: By Age, 2021-2031, USD (Million)
11.5. Rum Market: By Packaging, 2021-2031, USD (Million)
11.6. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
11.7.Rum Market: By Region, 2021-2031, USD (Million)
- 11.7.1.UK and European Union
  - 11.7.1.1. UK
    - 11.7.1.1.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.1.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.1.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.1.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.1.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 11.7.1.2. Germany
    - 11.7.1.2.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.2.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.2.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.2.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.2.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 11.7.1.3. Spain
    - 11.7.1.3.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.3.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.3.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.3.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.3.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 11.7.1.4. Italy
    - 11.7.1.4.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.4.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.4.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.4.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.4.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 11.7.1.5. France
    - 11.7.1.5.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.5.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.5.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.5.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.5.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 11.7.1.6. Rest of Europe
    - 11.7.1.6.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 11.7.1.6.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 11.7.1.6.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 11.7.1.6.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 11.7.1.6.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

12. Asia Pacific Rum Market, 2021-2031, USD (Million)

12.1. Market Overview
12.2. Rum Market: By Product, 2021-2031, USD (Million)
12.3. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
12.4. Rum Market: By Age, 2021-2031, USD (Million)
12.5. Rum Market: By Packaging, 2021-2031, USD (Million)
12.6. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
12.7.Rum Market: By Region, 2021-2031, USD (Million)
- 12.7.1.Asia Pacific
  - 12.7.1.1. China
    - 12.7.1.1.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.1.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.1.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.1.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.1.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 12.7.1.2. Japan
    - 12.7.1.2.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.2.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.2.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.2.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.2.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 12.7.1.3. India
    - 12.7.1.3.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.3.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.3.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.3.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.3.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 12.7.1.4. Australia
    - 12.7.1.4.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.4.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.4.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.4.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.4.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 12.7.1.5. South Korea
    - 12.7.1.5.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.5.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.5.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.5.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.5.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 12.7.1.6. Rest of Asia Pacific
    - 12.7.1.6.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 12.7.1.6.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 12.7.1.6.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 12.7.1.6.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 12.7.1.6.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

13. Latin America Rum Market, 2021-2031, USD (Million)

13.1. Market Overview
13.2. Rum Market: By Product, 2021-2031, USD (Million)
13.3. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
13.4. Rum Market: By Age, 2021-2031, USD (Million)
13.5. Rum Market: By Packaging, 2021-2031, USD (Million)
13.6. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
13.7.Rum Market: By Region, 2021-2031, USD (Million)
- 13.7.1.Latin America
  - 13.7.1.1. Brazil
    - 13.7.1.1.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 13.7.1.1.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 13.7.1.1.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 13.7.1.1.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 13.7.1.1.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 13.7.1.2. Mexico
    - 13.7.1.2.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 13.7.1.2.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 13.7.1.2.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 13.7.1.2.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 13.7.1.2.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 13.7.1.3. Rest of Latin America
    - 13.7.1.3.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 13.7.1.3.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 13.7.1.3.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 13.7.1.3.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 13.7.1.3.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

14. Middle East and Africa Rum Market, 2021-2031, USD (Million)

14.1. Market Overview
14.2. Rum Market: By Product, 2021-2031, USD (Million)
14.3. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
14.4. Rum Market: By Age, 2021-2031, USD (Million)
14.5. Rum Market: By Packaging, 2021-2031, USD (Million)
14.6. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
14.7.Rum Market: By Region, 2021-2031, USD (Million)
- 14.7.1.Middle East and Africa
  - 14.7.1.1. GCC
    - 14.7.1.1.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 14.7.1.1.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 14.7.1.1.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 14.7.1.1.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 14.7.1.1.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 14.7.1.2. Africa
    - 14.7.1.2.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 14.7.1.2.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 14.7.1.2.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 14.7.1.2.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 14.7.1.2.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)
  - 14.7.1.3. Rest of Middle East and Africa
    - 14.7.1.3.1. Rum Market: By Product, 2021-2031, USD (Million)
    - 14.7.1.3.2. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)
    - 14.7.1.3.3. Rum Market: By Age, 2021-2031, USD (Million)
    - 14.7.1.3.4. Rum Market: By Packaging, 2021-2031, USD (Million)
    - 14.7.1.3.5. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

15. Company Profile

15.1. Bacardi
- 15.1.1. Company Overview
- 15.1.2. Financial Performance
- 15.1.3. Product Portfolio
- 15.1.4. Strategic Initiatives
15.2. Diageo
- 15.2.1. Company Overview
- 15.2.2. Financial Performance
- 15.2.3. Product Portfolio
- 15.2.4. Strategic Initiatives
15.3. Pernod Ricard
- 15.3.1. Company Overview
- 15.3.2. Financial Performance
- 15.3.3. Product Portfolio
- 15.3.4. Strategic Initiatives
15.4. LT Group
- 15.4.1. Company Overview
- 15.4.2. Financial Performance
- 15.4.3. Product Portfolio
- 15.4.4. Strategic Initiatives
15.5. Ron BarcelA³
- 15.5.1. Company Overview
- 15.5.2. Financial Performance
- 15.5.3. Product Portfolio
- 15.5.4. Strategic Initiatives
15.6. Other Notable Players
- 15.6.1. Company Overview
- 15.6.2. Financial Performance
- 15.6.3. Product Portfolio
- 15.6.4. Strategic Initiatives

Product Code: 140006-12-23

List of Tables

TABLE 1 Global Rum Market By Product, 2021-2031, USD (Million)
TABLE 2 Global Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 3 Global Rum Market By Age, 2021-2031, USD (Million)
TABLE 4 Global Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 5 Global Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 6 North America Rum Market By Product, 2021-2031, USD (Million)
TABLE 7 North America Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 8 North America Rum Market By Age, 2021-2031, USD (Million)
TABLE 9 North America Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 10 North America Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 11 U.S. Rum Market By Product, 2021-2031, USD (Million)
TABLE 12 U.S. Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 13 U.S. Rum Market By Age, 2021-2031, USD (Million)
TABLE 14 U.S. Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 15 U.S. Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 16 Canada Rum Market By Product, 2021-2031, USD (Million)
TABLE 17 Canada Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 18 Canada Rum Market By Age, 2021-2031, USD (Million)
TABLE 19 Canada Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 20 Canada Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 21 Rest of North America Rum Market By Product, 2021-2031, USD (Million)
TABLE 22 Rest of North America Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 23 Rest of North America Rum Market By Age, 2021-2031, USD (Million)
TABLE 24 Rest of North America Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 25 Rest of North America Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 26 UK and European Union Rum Market By Product, 2021-2031, USD (Million)
TABLE 27 UK and European Union Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 28 UK and European Union Rum Market By Age, 2021-2031, USD (Million)
TABLE 29 UK and European Union Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 30 UK and European Union Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 31 UK Rum Market By Product, 2021-2031, USD (Million)
TABLE 32 UK Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 33 UK Rum Market By Age, 2021-2031, USD (Million)
TABLE 34 UK Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 35 UK Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 36 Germany Rum Market By Product, 2021-2031, USD (Million)
TABLE 37 Germany Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 38 Germany Rum Market By Age, 2021-2031, USD (Million)
TABLE 39 Germany Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 40 Germany Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 41 Spain Rum Market By Product, 2021-2031, USD (Million)
TABLE 42 Spain Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 43 Spain Rum Market By Age, 2021-2031, USD (Million)
TABLE 44 Spain Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 45 Spain Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 46 Italy Rum Market By Product, 2021-2031, USD (Million)
TABLE 47 Italy Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 48 Italy Rum Market By Age, 2021-2031, USD (Million)
TABLE 49 Italy Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 50 Italy Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 51 France Rum Market By Product, 2021-2031, USD (Million)
TABLE 52 France Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 53 France Rum Market By Age, 2021-2031, USD (Million)
TABLE 54 France Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 55 France Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 56 Rest of Europe Rum Market By Product, 2021-2031, USD (Million)
TABLE 57 Rest of Europe Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 58 Rest of Europe Rum Market By Age, 2021-2031, USD (Million)
TABLE 59 Rest of Europe Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 60 Rest of Europe Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 61 Asia Rum Market By Product, 2021-2031, USD (Million)
TABLE 62 Asia Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 63 Asia Rum Market By Age, 2021-2031, USD (Million)
TABLE 64 Asia Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 65 Asia Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 66 China Rum Market By Product, 2021-2031, USD (Million)
TABLE 67 China Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 68 China Rum Market By Age, 2021-2031, USD (Million)
TABLE 69 China Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 70 China Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 71 Japan Rum Market By Product, 2021-2031, USD (Million)
TABLE 72 Japan Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 73 Japan Rum Market By Age, 2021-2031, USD (Million)
TABLE 74 Japan Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 75 Japan Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 76 India Rum Market By Product, 2021-2031, USD (Million)
TABLE 77 India Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 78 India Rum Market By Age, 2021-2031, USD (Million)
TABLE 79 India Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 80 India Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 81 Australia Rum Market By Product, 2021-2031, USD (Million)
TABLE 82 Australia Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 83 Australia Rum Market By Age, 2021-2031, USD (Million)
TABLE 84 Australia Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 85 Australia Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 86 South Korea Rum Market By Product, 2021-2031, USD (Million)
TABLE 87 South Korea Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 88 South Korea Rum Market By Age, 2021-2031, USD (Million)
TABLE 89 South Korea Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 90 South Korea Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 91 Latin America Rum Market By Product, 2021-2031, USD (Million)
TABLE 92 Latin America Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 93 Latin America Rum Market By Age, 2021-2031, USD (Million)
TABLE 94 Latin America Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 95 Latin America Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 96 Brazil Rum Market By Product, 2021-2031, USD (Million)
TABLE 97 Brazil Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 98 Brazil Rum Market By Age, 2021-2031, USD (Million)
TABLE 99 Brazil Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 100 Brazil Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 101 Mexico Rum Market By Product, 2021-2031, USD (Million)
TABLE 102 Mexico Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 103 Mexico Rum Market By Age, 2021-2031, USD (Million)
TABLE 104 Mexico Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 105 Mexico Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 106 Rest of Latin America Rum Market By Product, 2021-2031, USD (Million)
TABLE 107 Rest of Latin America Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 108 Rest of Latin America Rum Market By Age, 2021-2031, USD (Million)
TABLE 109 Rest of Latin America Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 110 Rest of Latin America Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 111 Middle East and Africa Rum Market By Product, 2021-2031, USD (Million)
TABLE 112 Middle East and Africa Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 113 Middle East and Africa Rum Market By Age, 2021-2031, USD (Million)
TABLE 114 Middle East and Africa Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 115 Middle East and Africa Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 116 GCC Rum Market By Product, 2021-2031, USD (Million)
TABLE 117 GCC Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 118 GCC Rum Market By Age, 2021-2031, USD (Million)
TABLE 119 GCC Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 120 GCC Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 121 Africa Rum Market By Product, 2021-2031, USD (Million)
TABLE 122 Africa Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 123 Africa Rum Market By Age, 2021-2031, USD (Million)
TABLE 124 Africa Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 125 Africa Rum Market By Distribution Channel, 2021-2031, USD (Million)
TABLE 126 Rest of Middle East and Africa Rum Market By Product, 2021-2031, USD (Million)
TABLE 127 Rest of Middle East and Africa Rum Market By Alcohol (ABV levels), 2021-2031, USD (Million)
TABLE 128 Rest of Middle East and Africa Rum Market By Age, 2021-2031, USD (Million)
TABLE 129 Rest of Middle East and Africa Rum Market By Packaging, 2021-2031, USD (Million)
TABLE 130 Rest of Middle East and Africa Rum Market By Distribution Channel, 2021-2031, USD (Million)

List of Figures

FIG. 1 Global Rum Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Rum Market: Quality Assurance
FIG. 5 Global Rum Market, By Product, 2022
FIG. 6 Global Rum Market, By Alcohol (ABV levels), 2022
FIG. 7 Global Rum Market, By Age, 2022
FIG. 8 Global Rum Market, By Packaging, 2022
FIG. 9 Global Rum Market, By Distribution Channel, 2022
FIG. 10 Global Rum Market, By Geography, 2022
FIG. 11 Market Geographical Opportunity Matrix - Global Rum Market, 2022

FIG. 12Market Positioning of Key Rum Market Players, 2022

FIG. 13Global Rum Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031

FIG. 14 Global Rum Market, By Product, 2022 Vs 2031, %
FIG. 15 Global Rum Market, By Alcohol (ABV levels), 2022 Vs 2031, %
FIG. 16 Global Rum Market, By Age, 2022 Vs 2031, %
FIG. 17 Global Rum Market, By Packaging, 2022 Vs 2031, %
FIG. 18 Global Rum Market, By Distribution Channel, 2022 Vs 2031, %
FIG. 19 U.S. Rum Market (US$ Million), 2021 - 2031
FIG. 20 Canada Rum Market (US$ Million), 2021 - 2031
FIG. 21 Rest of North America Rum Market (US$ Million), 2021 - 2031
FIG. 22 UK Rum Market (US$ Million), 2021 - 2031
FIG. 23 Germany Rum Market (US$ Million), 2021 - 2031
FIG. 24 Spain Rum Market (US$ Million), 2021 - 2031
FIG. 25 Italy Rum Market (US$ Million), 2021 - 2031
FIG. 26 France Rum Market (US$ Million), 2021 - 2031
FIG. 27 Rest of Europe Rum Market (US$ Million), 2021 - 2031
FIG. 28 China Rum Market (US$ Million), 2021 - 2031
FIG. 29 Japan Rum Market (US$ Million), 2021 - 2031
FIG. 30 India Rum Market (US$ Million), 2021 - 2031
FIG. 31 Australia Rum Market (US$ Million), 2021 - 2031
FIG. 32 South Korea Rum Market (US$ Million), 2021 - 2031
FIG. 33 Rest of Asia Rum Market (US$ Million), 2021 - 2031
FIG. 34 Brazil Rum Market (US$ Million), 2021 - 2031
FIG. 35 Mexico Rum Market (US$ Million), 2021 - 2031
FIG. 36 Rest of Latin America Rum Market (US$ Million), 2021 - 2031
FIG. 37 GCC Rum Market (US$ Million), 2021 - 2031
FIG. 38 Africa Rum Market (US$ Million), 2021 - 2031
FIG. 39 Rest of Middle East and Africa Rum Market (US$ Million), 2021 - 2031

Rum Market - Growth, Future Prospects and Competitive Analysis, 2023 - 2031

Description

Table of Contents

List of Tables

Rising Popularity of Craft Cocktails

Preference for Premium and Aged Rums

Globalization and Rum Tourism

Supply Chain Disruptions

APAC remains the Global Leader

Product Development Strategies to Enhance Market Share among the Key Players

Historical & Forecast Period

Research Methodology

Geographical revenues generate by countries considered in the report:

Market Segmentation

Product

Alcohol (ABV levels)

Age

1 to 3 years

4 to 10 years

Packaging

Distribution Channel

Region Segment (2021-2031; US$ Million)

Key questions answered in this report:

Table of Contents

1. Preface

2. Executive Summary

3. Rum Market: Competitive Analysis

4. Rum Market: Macro Analysis & Market Dynamics

5. Rum Market: By Product, 2021-2031, USD (Million)

6. Rum Market: By Alcohol (ABV levels), 2021-2031, USD (Million)

7. Rum Market: By Age, 2021-2031, USD (Million)

8. Rum Market: By Packaging, 2021-2031, USD (Million)

9. Rum Market: By Distribution Channel, 2021-2031, USD (Million)

10. North America Rum Market, 2021-2031, USD (Million)

11. UK and European Union Rum Market, 2021-2031, USD (Million)

12. Asia Pacific Rum Market, 2021-2031, USD (Million)

13. Latin America Rum Market, 2021-2031, USD (Million)

14. Middle East and Africa Rum Market, 2021-2031, USD (Million)

15. Company Profile

List of Tables

List of Figures