Rum Market Size, share, Report | 2024 to 2029

Global Rum Market Size (2024 to 2029)
The global rum market size was worth USD 16.35 billion in 2023 and the global market size is further estimated to grow at a CAGR of 5.5% from 2024 to 2029 and be worth USD 22.54 billion by 2029 from USD 17.25 billion in 2024.

CURRENT SCENARIO OF THE RUM MARKET
The rum market saw a resurgence in recent years.

MARKET DRIVERS
The rising trend of recognition of premium rum is propelling the growth of the rum market.

MARKET RESTRAINTS
The growth rate of the rum market is slowed down by supply chain interruptions.

SEGMENTAL ANALYSIS
Global Rum Market Analysis By Product Type
• Golden
• Dark
• White
• Spiced
White rum is the most popular category in this market.

Global Rum Market Analysis By Distribution Channel
• On-trade
• Off-trade
The off-trade segment gained the maximum share of the rum market.

REGIONAL ANALYSIS
The Asia Pacific is commanding the rum market and is expected to keep its growth trajectory during the forecast period.

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