Global Rum Market Outlook, 2028

The Global Rum Market is anticipated to be worth USD 24 billion, increasing from USD 18.37 billion in 2022. The market is expected to grow at a 4.60% CAGR by 2023–28.

Featured Companies

  • 1. Mohan Meakin Limited
  • 2. Radico khaitan Limited
  • 3. Molson Coors Beverage Company
  • 4. Brown–Forman Corporation
  • 5. Diageo plc
  • 6. Bacardi Limited
  • 7. Davide Campari-Milano N.V.
  • 8. The Edrington Group Ltd.
  • 9. Pernod Ricard SA
  • More...

The global rum market has experienced steady growth in recent years, driven by evolving consumer preferences, the emergence of premium and craft rum offerings, and increased demand for innovative flavors and experiences. There has been a rising popularity for premium and craft rums, driven by consumers' increasing willingness to explore higher-quality and more unique offerings. Recent trends include innovation with flavored and spiced rums, innovative aging techniques, and the influence of sustainability and eco-friendly practices within the industry. Additionally, the growing popularity of rum-based cocktails has contributed to their increased popularity among females around the world. The demand for premium and high-quality rums is increasing as consumers seek unique and refined drinking experiences. The rise of craft distilleries and artisanal production methods has created a niche market for small-batch and limited-edition rums with a focus on quality and craftsmanship. Consumers are increasingly interested in brands that prioritize sustainability, ethical sourcing, and responsible production methods, creating opportunities for environmentally conscious rum producers. According to the research report, "Global Rum Market Outlook, 2028," published by Bonafide Research, the market is anticipated to be worth USD 24 billion, increasing from USD 18.37 billion in 2022. The market is expected to grow at a 4.60% CAGR by 2023–28. White rum is known for its light and crisp flavor profile and is often used in cocktails and mixed drinks. Dark rum is aged for a longer period, resulting in a richer and more robust flavor profile. It is often enjoyed neat or used in classic rum-based cocktails. Spiced rum is infused with a variety of spices, such as cinnamon, vanilla, or nutmeg, providing a unique and flavorful experience. Flavored rums offer a wide range of taste options, including fruit-infused varieties like coconut, pineapple, or mango. Premium rum represents the high-end segment of the market, characterized by exceptional quality and craftsmanship and often limited production quantities.

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Rum Market Rum is an alcoholic beverage that is distilled from sugarcane byproducts, such as molasses or sugarcane juice. It is typically aged in oak barrels, which contributes to its distinct flavor and character. Rum has a long history and is produced in various countries, including the Caribbean, Latin America, and other tropical regions. Rum can vary in terms of color, flavor, and style depending on factors such as the type of sugarcane used, the distillation process, and the aging period. Different styles of rum include white or silver rum (unaged or aged briefly), golden or amber rum (aged in oak barrels), dark rum (heavily aged with richer flavors), spiced rum (infused with spices like cinnamon or vanilla), and flavored rum (infused with fruit or other flavors). Rum is consumed in numerous countries worldwide, including the United States, Canada, the United Kingdom, Germany, Australia, India, Brazil, and many more. Its popularity extends beyond its production regions, with significant global demand. One of the reasons for rum's popularity is its versatility. It can be enjoyed neat, on the rocks, or as a key ingredient in a wide range of cocktails and mixed drinks. The diverse flavors and styles of rum allow for a variety of drinking experiences, catering to different taste preferences. Its presence in the cocktail culture has played a significant role in its popularity, as consumers enjoy exploring the creative and refreshing flavors offered by rum-based drinks. The trend of premiumization and craft spirits has also influenced the popularity of rum. Consumers are increasingly seeking higher-quality, artisanal, and small-batch rums that offer unique flavor profiles and showcase the craftsmanship of distillers.

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Manmayi Raval

Manmayi Raval

Research Consultant

Gold rum is the most popular and widely consumed type of rum globally, accounting for the highest market share. Its rich and amber color, along with its balanced flavor profile, appeals to a broad range of rum enthusiasts. Gold rum strikes a balance between the lighter white rums and the darker, more robust aged rums. Its medium-bodied nature and slightly caramelized flavors make it a versatile choice for cocktails. It can be used in classic rum-based cocktails like the Mai Tai, Rum Old Fashioned, or Rum Punch, as well as in more contemporary creations. Gold rum often undergoes a period of aging in oak barrels, which imparts additional flavors and smoothness to the spirit. The golden hue of the rum is visually appealing and adds an aesthetic element to cocktails. Bacardi Gold,Captain Morgan Gold, Appleton Estate Reserve Blend, Mount Gay Eclipse, El Dorado 12-Year-Old, Diplomatico Reserva Exclusiva, and Flor de Caa 12-Year-Old are examples of popular gold rums. White rum, also known as silver or light rum, holds the distinction of being the second-highest-selling type of rum in the global market. White rum's light and clean flavor profile makes it a versatile choice for a wide range of cocktails. It serves as a base spirit for many classic and contemporary rum-based cocktails. Its neutrality allows other ingredients to shine, making it a preferred choice for mixologists and home bartenders. White rum's milder and less assertive flavor profile makes it an excellent choice for mixing with various ingredients, including fruit juices, sodas, and syrups. It is a popular alcoholic drink in warm-weather regions or during the summer months. Compared to aged rums or darker varieties, white rum is generally smoother and more approachable on the palate. It lacks the intense flavors and heavy oak influences found in aged rums, making it more appealing to those who prefer a milder and less complex taste. White rum's popularity extends to a diverse consumer base, including casual drinkers, partygoers, and those new to rum. Its accessibility and relatively lower price point compared to aged rums make it an attractive choice for a broader range of consumers. Dark rum may have relatively less demand compared to other types of rum, but it still maintains a significant presence in the global rum market. Dark rum is typically aged for a longer period in oak barrels, which imparts deeper flavors and complexities to the spirit. It often exhibits notes of caramel, molasses, dried fruits, and spices. Dark rum is often favored by rum connoisseurs and enthusiasts who appreciate sipping spirits. Dark rum's distinct flavor profile makes it a popular ingredient in cooking and baking. It is used in recipes for sauces, marinades, desserts, and even savory dishes, adding depth and richness to culinary creations. This culinary versatility contributes to the demand for dark rum. Dark rum occupies a more specialized segment of the rum market, catering to consumers who specifically seek out aged and full-bodied rums. It may have a smaller customer base compared to other rum types, but it often attracts dedicated rum aficionados looking for unique and premium offerings. In the Caribbean, where rum production has deep historical roots, dark rums are highly regarded and popular among locals and visitors. In other regions, such as Latin America and parts of Europe, dark rums also enjoy a loyal following.

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Manmayi Raval

Flavored and spiced rums have experienced a notable increase in popularity in recent years. They provide a fresh and innovative twist to the traditional rum category. Flavors such as coconut, pineapple, mango, banana, vanilla, and various tropical fruits have gained significant traction. The rise of mixology and craft cocktails has provided a platform for flavored rums and spiced rums to shine. Bartenders and enthusiasts are constantly seeking new and exciting ingredients to create unique and flavorful concoctions. Flavored and spiced rums often have a more approachable and beginner-friendly profile. The added flavors help to mellow the spirit and make it more palatable to a wider audience. They add depth and character to tropical drinks, punches, and even classic cocktails like the Mojito or Rum and Coke. The pre-infused flavors eliminate the need for additional ingredients, simplifying the mixing process for consumers. Flavored and spiced rums have attracted consumers who are looking for unique and adventurous taste experiences. These variations appeal to individuals seeking novelty, excitement, and a departure from traditional spirits. Younger demographics, in particular, have shown interest in these flavored offerings as they align with their preferences for exploration, experimentation, and diverse flavor profiles. Organic rum that is produced using organic ingredients is the latest innovation in this category. It is made from organic sugarcane or molasses, which are cultivated without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs). By avoiding the use of synthetic chemicals, organic rum contributes to a cleaner and more sustainable production process. Organic rum is free from potentially harmful residues of synthetic pesticides and chemical fertilizers. Many organic rum producers also prioritize quality control and craftsmanship, resulting in well-crafted and high-quality spirits. To ensure authenticity and credibility, organic rum producers often obtain certifications from recognized organic certification bodies. Examples of reputable organic certifications include USDA Organic (United States), EU Organic (European Union), and JAS Organic (Japan). With increasing awareness and concerns about sustainability, environmental impact, and health consciousness, the demand for organic products, including rum, has been on the rise. However, it may have limited availability compared to conventional rum. The production methods and stricter standards involved in organic farming can lead to lower yields and higher production costs. As a result, organic rum may be priced higher than non-organic alternatives. While the market for organic rum is growing, it is still a niche segment within the wider rum industry. The standard rum category refers to the most common and widely available type of rum with around 40% alcohol content. Standard rums often have a smooth and mellow taste with balanced sweetness and hints of tropical fruits, vanilla, and caramel. They tend to be lighter in body and exhibit fewer intense flavors compared to aged or flavored rums. They are often more affordable compared to premium or aged rums, making them accessible to a broad range of consumers. Overproof rums are known for their elevated alcohol strength, which is usually well above the standard 40% ABV. The higher alcohol content contributes to a more intense and potent drinking experience. Overproof rums tend to have bold and robust flavors, as the higher alcohol content allows for a greater concentration of flavors. While overproof rums can be enjoyed neat or on the rocks, they are also commonly used as an ingredient in cocktails. One distinctive characteristic of overproof rums is their flammability. Various brands produce overproof rums, and some well-known examples include Bacardi 151, Wray & Nephew Overproof, Lemon Hart 151, and Plantation OFTD (Old Fashioned Traditional Dark). Specialty stores focus on offering a wide selection of spirits, including a diverse range of rums from different regions and producers. They cater to rum enthusiasts, collectors, and those seeking unique or rare expressions. These stores often stock a variety of rums from different countries, including both standard and premium offerings. Specialty stores often have access to limited-edition or exclusive releases of rum that may not be widely available in other retail channels. They may collaborate with distilleries or participate in special allocations to offer unique and sought-after rum expressions to their customers. While specialty stores offer a dedicated and curated rum shopping experience, rum is also available in other retail channels, including supermarkets, online platforms, and duty-free shops. India leads the global rum market with over 15% of revenue. It has a long-standing association with Indian culture, particularly in coastal regions and states with a historical connection to rum production and consumption. Traditional rum-based drinks like toddy or arrack have been part of local traditions for generations. India's vast population provides a substantial consumer base for various alcoholic beverages, including rum. The growing cocktail culture in India has fueled the demand for rum as a key ingredient in a wide range of mixed drinks and cocktails. The popularity of rum-based cocktails like the Mojito, Daiquiri, and Pia Colada has led to increased consumption of rum in bars, restaurants, and social gatherings. Popular brands such as Old Monk, McDowell's No. 1, Bacardi, Captain Morgan, and Malibu have gained a loyal following among Indian rum enthusiasts. The Asia-Pacific region, particularly India, the Philippines, and Thailand, has seen rapid growth in rum consumption due to changing demographics, rising disposable incomes, and the influence of Western drinking cultures. The Philippines has a favorable climate for sugarcane cultivation, providing abundant raw materials for rum production. The Philippine rum market offers a diverse range of rums, catering to various preferences and budgets. The country is a significant exporter of rum, with its products being exported to various countries around the world. Filipinos have a strong affinity for rum, and it is a popular choice of alcoholic beverage among locals. Philippine rum brands include Tanduay, Don Papa, and Bacolod-based Negros Occidental Distillery Corporation (NODC). The United States and Canada have a significant presence in the rum market, with a growing demand for premium and craft rums as well as an increasing interest in rum-based cocktails. North America serves as an important import and distribution hub for rum. The region imports a significant amount of rum from various rum-producing countries around the world, including the Caribbean, Latin America, and other regions. North America has seen a rise in craft and artisanal rum producers. North America is home to numerous rum festivals and events that celebrate the spirit. Countries like Cuba, the Dominican Republic, and Puerto Rico are renowned for their rum production, and their products enjoy global recognition. European consumers are exploring different rum styles, flavors, and production methods. In the UK, spiced and flavored rums have seen significant growth in popularity, while countries like France and Spain have a strong affinity for premium aged rums. European Union regulations, such as Geographic Indications (GI), protect certain rum-producing regions and their traditional production methods. France has several overseas territories in the Caribbean, including Martinique, Guadeloupe, and Reunion Island. These territories have a rich history of rum production and are renowned for producing high-quality rums. The rum produced in these regions is often referred to as French-style rum or rhum agricole. While France has a notable presence in the rum market, other countries such as Barbados, Jamaica, and Puerto Rico also have significant contributions to the global rum industry. European countries, such as the United Kingdom, Germany, and France, have a long-standing tradition of rum consumption. The market is driven by both traditional rum-drinking cultures and the rise of innovative craft distilleries. South America has a rich tradition of producing its own spirits, which may compete with rum in terms of popularity. For example, in Brazil, cachaça, a spirit made from sugarcane juice, is deeply ingrained in the culture and is a preferred choice among consumers. Economic conditions and purchasing power can influence consumer choices. In some countries within South America, the affordability and accessibility of rum compared to other spirits may impact its demand. Middle Eastern and African regions have a strong association with Islamic traditions, where the consumption of alcohol is restricted or prohibited by religious beliefs. In many countries in the Middle East and Africa, locally brewed or traditional beverages hold a dominant position in the market. For instance, palm wine, honey wine, and other traditional spirits are popular choices among consumers. Regulatory restrictions and import regulations can also impact the distribution and market penetration of rum. As the global rum industry continues to expand and consumer awareness grows, it is possible that the demand for rum in South America and the Middle East and Africa regions may evolve as well. The global rum market is highly competitive, with both large multinational companies and smaller craft distilleries vying for market share. Key players include Bacardi Limited, Diageo Plc, and Pernod Ricard SA. Additionally, numerous regional and local players contribute to the market's diversity and offer niche and specialty products. With its diverse product types, regional variations, and evolving trends, the rum market presents opportunities for both established brands and emerging players to capitalize on the growing demand for this beloved spirit. Recent Developments: • In August 2022, the French Artisanal Rum brand ‘Plantation’ introduced the varieties of Rum in India. The two entrants of Plantation Rum i.e., 3 Stars and Original Dark were launched in Mumbai and Goa and will be launched across Maharashtra, Delhi, and Bangalore with Third Eye Distillery (TED) (Parent company of Stranger and Sons) as the official partner for the brand in India. • In August 2022, Hilton Head Distillery announced its upcoming launch of Panela and Solera Rum products at the distillery and retail locations across South Carolina. It announced that limited batches of each unique copper pot-distilled rum will be released. • In July 2022, The Bush Rum Co., a UK owned firm launched its sustainable drink in India through a local partner, Mumbai-based Monika Alcobev Limited. The company has also brought in brands like Jose Cuervo, Templeton Rye whisky, and Rutini wines to the country. • In February 2022: Casalu, a rum-based hard seltzer, is scheduled to debut in Miami with the goal of fostering a sense of ancestry and belonging while enabling individuals to enjoy Hispanic culture aged dark rum, 5.9% vol. Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Regions & Countries covered in the report: • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Spain, Italy, Russia) • Asia-Pacific (China, Japan, India, Australia, South Korea, Phillipines) • South America (Brazil, Argentina, Colombia) • Middle-East & Africa (UAE, South Africa) Aspects covered in this report • Global Rum market with its value and forecast along with its segments • Region & Country-wise Rum market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Rum Type • White Rum • Gold Rum • Dark Rum • Spiced & Flavoured Rum By Nature • Conventional • Organic By Category • Standard • Overproof By Segment • Mass • Premium/ Craft Rum By Distribution Channel • Off-trade • On-trade By Off-trade Distribution Channel • Hypermarket/ Supermarket • Speciality Stores • Online retail The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Rum industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Mohan Meakin Limited
  • Radico khaitan Limited
  • Molson Coors Beverage Company
  • Brown–Forman Corporation
  • Diageo plc
  • Bacardi Limited
  • Davide Campari-Milano N.V.
  • The Edrington Group Ltd.
  • Pernod Ricard SA
  • La Martiniquaise
  • Halewood Artisanal Spirits
  • Becle SAB de CV
  • Stock Spirits Group
  • Sazerac Company, Inc
  • Angostura Holdings Limited
  • Demerara Distillers Ltd
  • Tanduay Distillers
  • Edward Snell & Co.
  • Takamaka Rum
  • Matusalem & Company

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Rum Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Rum Type
  • 6.5. Market Size and Forecast, By Nature
  • 6.6. Market Size and Forecast, By Category
  • 6.7. Market Size and Forecast, By Segment
  • 6.8. Market Size and Forecast, By Distribution Channel
  • 7. North America Rum Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Rum Type
  • 7.4. Market Size and Forecast, By Nature
  • 7.5. Market Size and Forecast, By Category
  • 7.6. Market Size and Forecast, By Segment
  • 7.7. Market Size and Forecast, By Distribution Channel
  • 7.8. United States Rum Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Rum Type
  • 7.8.3. Market Size and Forecast By Nature
  • 7.8.4. Market Size and Forecast By Category
  • 7.8.5. Market Size and Forecast By Segment
  • 7.8.6. Market Size and Forecast By Distribution Channel
  • 7.9. Canada Rum Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Rum Type
  • 7.9.3. Market Size and Forecast By Nature
  • 7.9.4. Market Size and Forecast By Category
  • 7.9.5. Market Size and Forecast By Segment
  • 7.9.6. Market Size and Forecast By Distribution Channel
  • 7.10. Mexico Rum Market Outlook
  • 7.10.1. Market Size By Value
  • 7.10.2. Market Size and Forecast By Rum Type
  • 7.10.3. Market Size and Forecast By Nature
  • 7.10.4. Market Size and Forecast By Category
  • 7.10.5. Market Size and Forecast By Segment
  • 7.10.6. Market Size and Forecast By Distribution Channel
  • 8. Europe Rum Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Rum Type
  • 8.4. Market Size and Forecast, By Nature
  • 8.5. Market Size and Forecast, By Category
  • 8.6. Market Size and Forecast, By Segment
  • 8.7. Market Size and Forecast, By Distribution Channel
  • 8.8. Germany Rum Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Rum Type
  • 8.8.3. Market Size and Forecast By Nature
  • 8.8.4. Market Size and Forecast By Category
  • 8.8.5. Market Size and Forecast By Segment
  • 8.8.6. Market Size and Forecast By Distribution Channel
  • 8.9. United Kingdom Rum Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Rum Type
  • 8.9.3. Market Size and Forecast By Nature
  • 8.9.4. Market Size and Forecast By Category
  • 8.9.5. Market Size and Forecast By Segment
  • 8.9.6. Market Size and Forecast By Distribution Channel
  • 8.10. France Rum Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Rum Type
  • 8.10.3. Market Size and Forecast By Nature
  • 8.10.4. Market Size and Forecast By Category
  • 8.10.5. Market Size and Forecast By Segment
  • 8.10.6. Market Size and Forecast By Distribution Channel
  • 8.11. Italy Rum Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Rum Type
  • 8.11.3. Market Size and Forecast By Nature
  • 8.11.4. Market Size and Forecast By Category
  • 8.11.5. Market Size and Forecast By Segment
  • 8.11.6. Market Size and Forecast By Distribution Channel
  • 8.12. Spain Rum Market Outlook
  • 8.12.1. Market Size By Value
  • 8.12.2. Market Size and Forecast By Rum Type
  • 8.12.3. Market Size and Forecast By Nature
  • 8.12.4. Market Size and Forecast By Category
  • 8.12.5. Market Size and Forecast By Segment
  • 8.12.6. Market Size and Forecast By Distribution Channel
  • 8.13. Russia Rum Market Outlook
  • 8.13.1. Market Size By Value
  • 8.13.2. Market Size and Forecast By Rum Type
  • 8.13.3. Market Size and Forecast By Nature
  • 8.13.4. Market Size and Forecast By Category
  • 8.13.5. Market Size and Forecast By Segment
  • 8.13.6. Market Size and Forecast By Distribution Channel
  • 9. Asia-Pacific Rum Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Rum Type
  • 9.4. Market Size and Forecast, By Nature
  • 9.5. Market Size and Forecast, By Category
  • 9.6. Market Size and Forecast, By Segment
  • 9.7. Market Size and Forecast, By Distribution Channel
  • 9.8. China Rum Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Rum Type
  • 9.8.3. Market Size and Forecast By Nature
  • 9.8.4. Market Size and Forecast By Category
  • 9.8.5. Market Size and Forecast By Segment
  • 9.8.6. Market Size and Forecast By Distribution Channel
  • 9.9. Japan Rum Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Rum Type
  • 9.9.3. Market Size and Forecast By Nature
  • 9.9.4. Market Size and Forecast By Category
  • 9.9.5. Market Size and Forecast By Segment
  • 9.9.6. Market Size and Forecast By Distribution Channel
  • 9.10. India Rum Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Rum Type
  • 9.10.3. Market Size and Forecast By Nature
  • 9.10.4. Market Size and Forecast By Category
  • 9.10.5. Market Size and Forecast By Segment
  • 9.10.6. Market Size and Forecast By Distribution Channel
  • 9.11. Australia Rum Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Rum Type
  • 9.11.3. Market Size and Forecast By Nature
  • 9.11.4. Market Size and Forecast By Category
  • 9.11.5. Market Size and Forecast By Segment
  • 9.11.6. Market Size and Forecast By Distribution Channel
  • 9.12. South Korea Rum Market Outlook
  • 9.12.1. Market Size By Value
  • 9.12.2. Market Size and Forecast By Rum Type
  • 9.12.3. Market Size and Forecast By Nature
  • 9.12.4. Market Size and Forecast By Category
  • 9.12.5. Market Size and Forecast By Segment
  • 9.12.6. Market Size and Forecast By Distribution Channel
  • 10. South America Rum Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Rum Type
  • 10.4. Market Size and Forecast, By Nature
  • 10.5. Market Size and Forecast, By Category
  • 10.6. Market Size and Forecast, By Segment
  • 10.7. Market Size and Forecast, By Distribution Channel
  • 10.8. Brazil Rum Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Rum Type
  • 10.8.3. Market Size and Forecast By Nature
  • 10.8.4. Market Size and Forecast By Category
  • 10.8.5. Market Size and Forecast By Segment
  • 10.8.6. Market Size and Forecast By Distribution Channel
  • 10.9. Argentina Rum Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Rum Type
  • 10.9.3. Market Size and Forecast By Nature
  • 10.9.4. Market Size and Forecast By Category
  • 10.9.5. Market Size and Forecast By Segment
  • 10.9.6. Market Size and Forecast By Distribution Channel
  • 10.10. Columbia Rum Market Outlook
  • 10.10.1. Market Size By Value
  • 10.10.2. Market Size and Forecast By Rum Type
  • 10.10.3. Market Size and Forecast By Nature
  • 10.10.4. Market Size and Forecast By Category
  • 10.10.5. Market Size and Forecast By Segment
  • 10.10.6. Market Size and Forecast By Distribution Channel
  • 11. Middle East & Africa Rum Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Rum Type
  • 11.4. Market Size and Forecast, By Nature
  • 11.5. Market Size and Forecast, By Category
  • 11.6. Market Size and Forecast, By Segment
  • 11.7. Market Size and Forecast, By Distribution Channel
  • 11.8. UAE Rum Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Rum Type
  • 11.8.3. Market Size and Forecast By Nature
  • 11.8.4. Market Size and Forecast By Category
  • 11.8.5. Market Size and Forecast By Segment
  • 11.8.6. Market Size and Forecast By Distribution Channel
  • 11.9. Saudi Arabia Rum Market Outlook
  • 11.9.1. Market Size By Value
  • 11.9.2. Market Size and Forecast By Rum Type
  • 11.9.3. Market Size and Forecast By Nature
  • 11.9.4. Market Size and Forecast By Category
  • 11.9.5. Market Size and Forecast By Segment
  • 11.9.6. Market Size and Forecast By Distribution Channel
  • 11.10. South Africa Rum Market Outlook
  • 11.10.1. Market Size By Value
  • 11.10.2. Market Size and Forecast By Rum Type
  • 11.10.3. Market Size and Forecast By Nature
  • 11.10.4. Market Size and Forecast By Category
  • 11.10.5. Market Size and Forecast By Segment
  • 11.10.6. Market Size and Forecast By Distribution Channel
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Diageo plc
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. The Edrington Group Ltd.
  • 12.6.3. Brown–Forman Corporation
  • 12.6.4. Davide Campari-Milano N.V.
  • 12.6.5. Bacardi Limited
  • 12.6.6. Pernod Ricard SA
  • 12.6.7. Angostura Holdings Limited
  • 12.6.8. Stock Spirits Group
  • 12.6.9. Halewood Artisanal Spirits
  • 12.6.10. Demerara Distillers Ltd
  • 12.6.11. La Martiniquaise
  • 12.6.12. Becle SAB de CV
  • 12.6.13. Sazerac Company, Inc.
  • 12.6.14. Radico Khaitan Ltd
  • 12.6.15. Tanduay Distillers
  • 12.6.16. Edward Snell & Co.
  • 12.6.17. Takamaka Rum
  • 12.6.18. Matusalem & Company
  • 12.6.19. Molson Coors Beverage Company
  • 12.6.20. Mohan Meakin
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

List of Table

Table 1: Global Rum Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Influencing Factors for Global Rum Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Rum Market Size and Forecast, By Geography (2017 to 2028F) (In USD Billion)
Table 7: Global Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 8: Global Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 9: Global Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 10: Global Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 11: Global Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 12: North America Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 13: North America Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 14: North America Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 15: North America Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 16: North America Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 17: United States Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 18: United States Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 19: United States Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 20: United States Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 21: United States Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 22: Canada Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 23: Canada Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 24: Canada Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 25: Canada Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 26: Canada Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 27: Mexico Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 28: Mexico Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 29: Mexico Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 30: Mexico Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 31: Mexico Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 32: Europe Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 33: Europe Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 34: Europe Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 35: Europe Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 36: Europe Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 37: Germany Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 38: Germany Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 39: Germany Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 40: Germany Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 41: Germany Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 42: United Kingdom Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 43: United Kingdom Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 44: United Kingdom Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 45: United Kingdom Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 46: United Kingdom Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 47: France Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 48: France Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 49: France Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 50: France Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 51: France Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 52: Italy Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 53: Italy Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 54: Italy Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 55: Italy Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 56: Italy Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 57: Spain Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 58: Spain Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 59: Spain Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 60: Spain Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 61: Spain Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 62: Russia Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 63: Russia Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 64: Russia Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 65: Russia Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 66: Russia Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 67: Asia-Pacific Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 68: Asia-Pacific Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 69: Asia-Pacific Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 70: Asia-Pacific Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 71: Asia-Pacific Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 72: China Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 73: China Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 74: China Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 75: China Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 76: China Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 77: Japan Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 78: Japan Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 79: Japan Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 80: Japan Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 81: Japan Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 82: India Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 83: India Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 84: India Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 85: India Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 86: India Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 87: Australia Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 88: Australia Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 89: Australia Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 90: Australia Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 91: Australia Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 92: South Korea Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 93: South Korea Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 94: South Korea Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 95: South Korea Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 96: South Korea Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 97: South America Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 98: South America Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 99: South America Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 100: South America Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 101: South America Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 102: Brazil Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 103: Brazil Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 104: Brazil Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 105: Brazil Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 106: Brazil Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 107: Argentina Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 108: Argentina Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 109: Argentina Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 110: Argentina Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 111: Argentina Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 112: Colombia Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 113: Colombia Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 114: Colombia Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 115: Colombia Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 116: Colombia Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 117: Middle East & Africa Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 118: Middle East & Africa Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 119: Middle East & Africa Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 120: Middle East & Africa Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 121: Middle East & Africa Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 122: United Arab Emirates Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 123: United Arab Emirates Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 124: United Arab Emirates Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 125: United Arab Emirates Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 126: United Arab Emirates Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 127: Saudi Arabia Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 128: Saudi Arabia Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 129: Saudi Arabia Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 130: Saudi Arabia Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 131: Saudi Arabia Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 132: South Africa Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 133: South Africa Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 134: South Africa Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 135: South Africa Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 136: South Africa Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)

List of Figures

Figure 1: Global Rum Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Rum Market Share By Region (2022)
Figure 6: North America Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: North America Rum Market Share By Country (2022)
Figure 8: US Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Canada Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: Mexico Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Europe Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: Europe Rum Market Share By Country (2022)
Figure 13: Germany Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 14: UK Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 15: France Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 16: Italy Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 17: Spain Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 18: Russia Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 19: Asia-Pacific Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 20: Asia-Pacific Rum Market Share By Country (2022)
Figure 21: China Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 22: Japan Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 23: India Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 24: Australia Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 25: South Korea Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 26: South America Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 27: South America Rum Market Share By Country (2022)
Figure 28: Brazil Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 29: Argentina Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 30: Columbia Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 31: Middle East & Africa Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 32: Middle East & Africa Rum Market Share By Country (2022)
Figure 33: UAE Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 34: Saudi Arabia Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 35: South Africa Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2022
Figure 37: Market Share insights of key players, 2022
Figure 38: Porter's Five Forces of Global Rum Market

Feed Phosphate Market Research FAQs

The largest consumers of rum are primarily located in the Caribbean region, including countries like Cuba, the Dominican Republic, Jamaica, and Puerto Rico. Other significant markets for rum consumption include the United States, India, Brazil, and the United Kingdom.

Key trends in the global rum market include the growing popularity of premium and aged rums, the emergence of craft and artisanal rum producers, the introduction of flavored and spiced rums, and the demand for authentic and traditional rum production methods. There is also a focus on sustainability and eco-friendly practices within the rum industry.

The COVID-19 pandemic has had a mixed impact on the global rum market. On one hand, the closure of bars, restaurants, and tourism-related establishments led to a decline in on-trade sales. On the other hand, off-trade sales, including retail and e-commerce channels, saw an increase as consumers shifted towards at-home consumption. The long-term effects on the market will depend on factors such as the pace of recovery, travel restrictions, and changes in consumer behavior.

The global rum market includes various major players in the industry. Some of the prominent rum brands and companies include Bacardi, Diageo (Captain Morgan), Pernod Ricard (Havana Club), and Destilería Serrallés (Don Q), among others. These companies have a significant market presence and offer a range of rum products catering to different consumer preferences.

The growth prospects for the global rum market can be influenced by factors such as consumer demand, economic conditions, regulatory policies, and competition from other alcoholic beverages. While the market has seen growth in the premium and craft rum segments, the demand for unique and artisanal expressions, and the expansion of rum consumption in emerging markets, it also faces challenges such as changing drinking preferences and competition from other spirits. The ability of rum producers to innovate, promote their brands, and capitalize on consumer interest in premium and unique experiences will play a crucial role in determining the future growth of the global rum market.
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Global Rum Market Outlook, 2028

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