openPR Logo
Press release

Spiced/Flavored Rum Market Estimated to Flourish by 2017 – 2025

Spiced/Flavored Rum Market Estimated to Flourish by 2017 –

Spiced/Flavored Rum Market Introduction:

Rum, an alcoholic beverage made by the process of fermentation and distillation from sugarcane molasses, or directly from sugarcane juice. The spiced/flavored rum includes numerous types of flavors and spices that are added into rums to produce a unique tasting blend of spirit. Originally made to cater to medical needs the spiced rum is gaining popularity due to its unique taste and constant demand from consumers for new exciting flavors of liquors.

The flavor of spice varies from ginger, vanilla, cinnamon, clove, etc., which the most common flavoring agents used for spiced rums to fruit extracts including citrus fruits, mint, pineapple, coconut, mango, and other fruits and plants based flavors. The spiced/flavored rum producers such as Diageo with its Captain Morgan spiced rum with distinct vanilla, and caramel flavor is one of top selling spiced rum worldwide.

Spiced/Flavored Rum Market Segmentation:

The spiced rum market is segmented by type as white, gold and dark spiced rum. The variety of spiced rum originally available as a gold spiced rum is now available as white and dark, the new launches as white and dark spiced rum in are attributed to the high demand of the overall spiced/flavored rum market. Different variations of rum are used to make spiced rum; this makes up a broader segment by proof/percentage which includes full proof and limited potency. The influence of alcohol is represented in evidence which varies from country to country, for example, 50% alcohol by volume is referred to as full/100-proof in the U.S. In other nations a U.S. 100 proof will be 50 proof in France which further reflects 87.6 proof in the U.K. Most countries now require an actual percentage to be displayed instead of a proof measurements.

Request to View Tables of Content @ http://www.persistencemarketresearch.com/toc/17179

Spiced/Flavored Rum Market Regional Outlook:

With a high acceptance of premium rum in France, a growing trend for the spiced rum has seen an upsurge in demand driving the growth of spiced rum market. Tanduay brand of rum incorporating flavors such as vanilla to cater to the request in the spiced rum segment in the Philippines. The U.S. based, Bacardi targeted U.S. consumers with is bacardí oak heart spiced rum. The spiced rum market is also expected to witness a high demand in India as consumption of rum being relatively high, backed by high availability of local brands and a growing demand for imported rums.

Spiced/Flavored Rum Market Drivers and Trends

Strong growth of rum segment attributed to high sales of spiced rum products in U.K. which is leading towards growth of spiced rum market in European region. According to the Wine and Spirit Trade Association U.K., Rum segment sales in U.K recorded 8% growth in 2016 with spiced/flavored rum being the rum of choice with a 34% rise in sales. The above statistics represent a very healthy growth rate of spiced rum market which has been continuous since 2014, and it is expected to grow further as the market is being penetrated by this segment throughout Europe and America.

Increasing demand of rums in cocktails, flavored rum offer unique flavors to cocktails, rum cakes, and many other, furthermore, spiced rum being commonly consumed with cola and the ease of preparation are some of the key factors driving the spiced rum market.

New launches in the flavored/spiced rum segment and increasing completion are key strategies in spiced rum market; The spiced rum’s popularity can be marked by the increasing competition and new product launches, Beveland Distillers with its recent launch of Marama Spiced Fijian Rum, Destilería Serrallés launched its spiced rum Don Q in the U.S., flavors including nutmeg, vanilla, clove and cinnamon added to the rum.

Spiced/Flavored Rum Market Key Players:

Some of the key players offering spiced/flavored rum include; Diageo plc., Bacardi Limited, Tanduay Distillers, Inc.( LT Group, Inc.), United Spirits Limited, Pernod Ricard SA., Maine Craft Distilling, LLC., Altitude Spirits, Inc., Heaven Hill Distilleries, Inc., Suntory Holdings Limited, Destilería Serrallés Inc., Sazerac Company. The key players are adopting developmental strategies such as expansions, product innovation to cater growing demand of spiced rum. The spiced rum market is growing at higher rate with growing consumer preferences towards new product launch from key industry players.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.

To view complete report @http://www.persistencemarketresearch.com/market-research/spiced-flavored-rum-market.asp

About Us 
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
 PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: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 Spiced/Flavored Rum Market Estimated to Flourish by 2017 – 2025 here

News-ID: 662154 • 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