PUBLISHER: Value Market Research | PRODUCT CODE: 1274362
PUBLISHER: Value Market Research | PRODUCT CODE: 1274362
The global demand for Craft Rum Market is presumed to reach the market size of nearly USD 6.97 BN by 2030 from USD 3.71 BN in 2022 with a CAGR of 8.2% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Thousand Liters in 2022 and forecast to touch XX Thousand Liters by 2030 with a CAGR of XX% during 2023-2030.
Craft rum is a type of rum that is produced in small batches by artisanal distillers using traditional methods and high-quality ingredients. It is known for its unique flavours and aromas, which are often influenced by the specific ingredients and techniques used in its production. Craft rum is often made from molasses, a byproduct of the sugar refining process, and may be aged in oak barrels for some time to enhance its flavour and complexity.
The craft rum industry has experienced significant growth as more and more people discover these artisanal distillers' unique and high-quality offerings. The rise of craft rum has also been fueled by the increasing availability of these products as more and more craft distillers enter the market. Many craft rums are available online and in speciality liquor stores, making it easier for consumers to discover and purchase these high-quality products. However, the high cost of production may limit market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of craft rum. The growth and trends of Craft Rum Industry provide a holistic approach to this study.
This section of the craft rum market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Craft Rum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the craft rum market include Bacardi Limited, Cardinal Spirits LLC, Merser & Co., Muddy River Distillery, KA loa Rum Company, Lyon Distilling Company LLC, Arizona Craft Beverage Inc., Stilldistilling Spirits Pvt. Ltd., Devon Rum Company, Wicked Dolphin Rum, 25° South Distillery, Bristol Spirits Ltd., La Hechicera Company, Burning Barn Rum. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.