openPR Logo
Press release

Global Rum Market Revenue Expected to Increase to US$ 18,126.8 Mn by 2026

Persistence Market Research (PMR) delivers key insights on the global rum market in its upcoming outlook titled, “Rum Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026”. In terms of value, the global rum market is projected to register a steady CAGR of 2.2% during the forecast period due to various factors, regarding which PMR offers vital insights in detail.

Scope of the Report

The rum market is segmented on the basis of nature, rum type, proof type, distribution channel and region. On the basis of nature, the global rum market is segmented into organic and conventional. The conventional segment is expected to account for a significant revenue share in the global rum market in terms of both value and volume owing to limited points of differentiation between conventional and organic rum, in addition to organic certified rum being available at a significant premium. However, the organic segment is expected to grow at a robust CAGR in the near future in the global rum market. On the basis of rum type, the global rum market is segmented into white rum, golden rum, dark rum, and spiced rum. Among all the different types of rum, white followed by golden rum is expected to dominate the global rum market in the near future owing to increasing number of consumers across various regions demanding such products.

On the basis of proof type, the global rum market is segmented on the basis of standard and over-proof. The standard rum segment is expected to dominate the global rum market in the near future. On the basis of distribution channel, the global rum market is segmented into direct and indirect sales channel. The direct sales channel includes sales of rum directly to end use segments such as the foodservice industry, hospitality, institutional and other segments typically bypassing traditional channels. This segment is expected to grow at a significant CAGR in the global rum market. The indirect sales channel segment is further segmented into liquor shops, hypermarkets/supermarkets, and online retail. On the basis of region, the global rum market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

A sample of this report is available upon request @  https://www.persistencemarketresearch.com/samples/19588

APAC Region Critical for Key Players in the Rum Market

The rum market in Asia Pacific region is expected to register significant growth rates between 2018 and 2026. APAC is expected to remain the largest market through 2026, followed by Europe. India is expected to account for lucrative growth within the Asia Pacific market. Other markets such as China, Japan, Philippines, and Australia is also anticipated to have a significant impact on the market growth owing to large consumer base and demand for rum. North America market is one of the mature markets in the global rum market. Popularity of alcoholic drinks among adolescents and millennial population is driving the market growth in this region.

Higher Consumer Propensity to Spend on Alcoholic Beverages Key Growth Driver

Increasing per capita spending on alcoholic beverages in developing region supported by strong economic growth is expected to drive the global rum market over the forecast period. Traditionally alcoholic drinks were consumed largely by men, however, today the popularity of alcoholic drinks among women has also increased to a greater extent thus contributing towards the growing market for rum in the near future.

View Report Table of Contents, Figures, and Tables

Global Rum Market: Competition Dashboard

This report covers trends and other key aspects specific to rum and offers analysis and insights into the potential of the rum market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the rum space. Rum key players include, include Bacardi Limited, Diageo PLC, Pernod Ricard SA, Admiral Nelson’s Rum, Ltd, William Grant & Sons Ltd., Remy Cointreau USA, Inc, Maine Craft Distilling, LLC, Lyon Distilling Co, Westerhall Rums, Cayman Spirits Co, Hampden Estate Rum Tours, Halewood International Holdings PLC, Mount Gay Distilleries Ltd, Suntory Holdings Limited, and The Westbourne Drinks Co.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/19588

Global Rum Market: Key Insights

The growth of the rum market is supported by increasing number of millennial demanding for alcoholic beverages with high alcohol content across the globe. Changing lifestyle and perception of consumers towards alcoholic drinks that they relax ones state of time has resulted in immense market opportunity for the market growth of rum

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Rum Market Revenue Expected to Increase to US$ 18,126.8 Mn by 2026 here

News-ID: 1592231 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Rum

Dark Rum Market to Witness Huge Growth by 2030 | Bacardi , Plantation Rum
The latest study released on the Global Dark Rum Market by HTF MI evaluates market size, trend, and forecast to 2030. The Dark Rum market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in
Dark Rum Market Next Big Thing | Plantation Rum, Cruzan, Heaven Hill Distillery, …
Latest Study on Industrial Growth of Dark Rum Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Dark Rum market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments
Dark Rum Market to Eyewitness Massive Growth by 2028 | Plantation Rum, Cruzan, G …
Latest Study on Industrial Growth of Worldwide Dark Rum Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Worldwide Dark Rum market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends
Dark Rum Market May See a Big Move | Plantation Rum, Appleton Estate, Diageo, Ba …
Latest Study on Industrial Growth of Dark Rum Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Dark Rum market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments
Craft Rum Market is Booming Worldwide | Diageo, Bacardi, Wicked Dolphin Rum
Latest Study on Industrial Growth of Craft Rum Market, Global Outlook and Forecast Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Craft Rum Market, Outlook and Forecast market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also
Overproof Rum Market Size, Growth And Swot Analysis By Key Players: Rhum J.M. Bl …
QY Research has recently published a new report, titled Global Overproof Rum Market Insights, Forecast to 2028. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Overproof Rum market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Overproof Rum market. The report offers