The global Rum Market is witnessing a dynamic transformation as evolving consumer preferences, rising disposable incomes, and expanding social drinking culture continue to reshape the spirits industry. Valued at USD 18.19 billion in 2023, the global rum market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030, reaching nearly USD...
The global Rum Market continues to evolve as consumer preferences shift toward premiumization, flavor innovation, and experiential drinking. Among the diverse spirit categories, rum has emerged as a resilient and fast-growing segment, supported by its rich heritage, versatility in cocktails, and rising popularity among younger demographics. According to recent industry analysis,...
Market Estimation & Definition
Spiced Rum Industry is a variation of traditional rum that incorporates spices such as cinnamon, clove, nutmeg, and vanilla. Known for its rich and aromatic profile, spiced rum is increasingly favored for sipping neat and as a base for cocktails. As of 2023, the global spiced rum market is valued at USD 7.10 billion, and it is projected to grow...
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