Rum Market Analysis | Global Demand, Key Players Review and Forecast to 2024


Market Overview: Market Research Future (MRFR) announces the publication of its half-cooked research report on the global Rum Market, 2017–2024.  Rum has gained popularity in past few years, owing to an increase in demand. The global rum market is estimated to reach USD 18.34 billion by 2024, registering a CAGR of 2.5% during the forecast period. The increasing spending capacity and changing lifestyles have led to consumer willingness to spend in clubs, pubs, and bars. This has boosted the growth of the alcohol market across the globe in last few decades. The rising demand for spirits has also propelled the demand for rum. Apart from this, availability of innovative Rum Products like flavored rum and spiced rum, has contributed significantly to the growth of the global Rum Market. However, the alcohol market, along with the rum market, is witnessing a decline owing to increasing health consciousness and rising awareness of the negative impacts of long-term alcohol consumption.
Key Players: Some of the key players in the Global Rum Market are Gruppo Campari (Italy), Radico Khaitan Ltd. (India), Corporacion Cuba Ron (Cuba), Matusalem (Dominican Republic), Diageo PLC (UK), Bacardi Limited (Bermuda), Pernod Ricard SA (France), The Edrington Group (UK), Mohan Meakin (India), Tanduay Distillers, Inc. (Philippines), The Patrón Spirits Company (US), Pusser's Rum Ltd. (US), Amrut Distilleries Ltd (India), Beam Suntory, Inc. (US), and J. Armando Bermudez & Co. (Dominican Republic).
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/rum-market-7916
Regional Analysis: The global rum market has been segmented based on region into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific accounted for the largest market share for rum in 2018 and is projected to be the fastest-growing market during the forecast period. China is the largest country-level market in the region. With large consumer base and increasing demand for beverages with high alcohol content, the demand for rum has increased. India is projected to be a lucrative market for rum in the region during the forecast period.
Market Segment: The global rum market has been segmented based on type, category, and distribution channel.
By type, the global rum market has been bifurcated into white and dark. The dark rum segment is projected to dominate the market during the forecast period.
On the basis of category, the market is divided into standard and overproof. The standard segment dominated the market in 2018.
The market has been further classified, based on distribution channel, into hypermarkets and supermarkets, specialty stores and convenience stores. The convenience stores segment is projected to be the fastest-growing segment during the forecast period.

Comments

Post a Comment

Popular posts from this blog

Covid-19 Analysis on Medicinal Mushroom Market Research, Trends and Forecast to 2023

Market Overview Global Covid-19 Analysis on Medicinal Mushroom Market contains some of the most rejuvenating and nourishing health compounds of any substance on earth. Increase in application of medicinal mushroom owing to the nutritional and medicinal attributes associated with it is encouraging the growth of medicinal market. Medicinal mushroom is a good source of vitamin B & D and is beneficial for various health benefits including its ability to aid weight loss, support cardiovascular health, fight cancer cells, improve energy levels and brain function, reduce inflammation, and support the immune system. The sector is driven in a major way by the demand directed from the food & beverage and nutraceuticals sector owning to the health benefits obtained from it. Health awareness and rising population of vegan consumers have prompted the growth of medicinal mushroom in the daily diet of individuals. Increase in fitness and wellness sector awareness has enhanced the market gr...
Read more

Cookies Market Size, Value Demand and Forecast to 2023

Market Scenario Global  Cookies Market  is presumed to expand at a remarkable rate during the forecast period (2018-2023) owing to the changing lifestyle, asserts Market Research Future (MRFR). Cookie is a small, flat baked food which is also referred to as biscuits in a few countries. Freshly baked cookies are sold through online retailing channels and bakeries. Other types of processed cookies are sold through hypermarkets, convenience stores, superstores, specialty stores, and others. Drivers and Constraints Impacting the Market With the increasing number of cafes across the world, the global market for cookies is presumed to expand at a rapid pace. Consumers prefer light snack with hot beverages such as biscuits and cookies which are further considered to impact the global market positively. Moreover, cookies are portable and are convenient to store. This has made them a popular on-the-go snack among the consumers. With the increasing demand from the consumers, the...
Read more

Frozen Pizza Market Trend | Global Demand, Key Players and Forecast to 2023

Market Insight Global  Frozen Pizza Market  has witnessed an impressive growth over the last few years. The growth of the frozen pizza is anticipated to be driven by various factors. Frozen pizza is turned out to be one of the alternatives of conventional pizza owing to the easy preparation method along with the similar types of tastes like a normal pizza. Frozen pizza has a high demand in the developed countries due to the high promotional activities by the key player. Urbanization has changed extensively the lifestyles of the consumers along with the eating habits of the consumers which in turn accelerates the demand of processed food which resulted to enhance the frozen pizza sales during the forecast period. Frozen pizza manufacturers are introducing new toppings based on the popularity of the products in the specific region. There has been an increase in demand in gluten free pizza in the North America & Europe region owing to the increasing celiac diseases of t...
Read more