What is the current Rum Market size?

The Rum Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029) Read More

Who are the key players in Rum Market?

Bacardi Limited, HOVI Trading Ltd, Westerhall Estate Ltd., Tanduay Distillers, Inc. and Diageo are the major companies operating in the Rum Market. Read More

Which is the fastest growing region in Rum Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Rum Market?

In 2024, the Europe accounts for the largest market share in Rum Market. Read More

What years does this Rum Market cover?

The report covers the Rum Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rum Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the sustainable practices being adopted by Rum manufacturers to reduce environmental impact?

The sustainable practices being adopted by Rum manufacturers to reduce environmental impact are a) Use of local ingredients b) Energy-efficient production methods C) Responsible waste management practices Read More

Rum Market Analysis | Industry Trends, Size & Report Insights

Rum Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The report covers Global Rum Market Trends & Revenue. The market is segmented by Type (White, Gold, Dark, and Others); Category (Plain, Flavored, and Spiced); Distribution Channel (Off-Trade and On-Trade); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The market size and forecasts in value (USD million) for the above segments.

Rum Industry Overview

The rum market is moderately consolidated with the extensive production of the product in the Philippines and Asian countries like India. Additionally, the major players in the market are focusing on innovating and launching their products around the world. For instance, in August 2022, Bacardi launched a new limited edition premium variant rum, Bacardi Reserva Ocho Rye Cask Finish as the second installment in the Bacardi limited-edition cask finish series. Companies such as Bacardi and Company Ltd., Diageo PLC, and Pernod Ricard SA are focused on new product developments and increasing their exports to capture opportunities across untapped markets. A few major players present in the market studied are Bacardi and Company Ltd., Diageo PLC, Pernod Ricard SA, Tanduay Distillers, Inc., Westerhall Estate Ltd., and HOVI Trading Ltd.