Rum Market Competitive Landscape Report to 2028
Rum Market Growth & Trends The global rum market size is expected to reach USD 16.08 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rum is one of the most consumed spirits in the world. The growing preference for alcoholic drinks and their varieties among millennials is boosting the demand for flavored and premium alcoholic beverages. Increased per capita income in developed and developing economies is one of the prime reasons for the rising demand for premium spirits in the global market. Rum Market Segmentation Grand View Research has segmented the global rum market based on product type, distribution channel, and region: Based on the Product Type Insights, the market is segmented into Dark and Golden Rum, White Rum, Flavored and Spiced Rum, Others. The dark and golden rum segment contributed the largest share of over 45% of the global revenue in 2021. Several aged rums fall into the ...