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 consumptio...