Global Rum Market expands with the increasing awareness of benefits to heart

1. Global Rum Market anticipated to reach around USD 22 billion by 2025 Market overview: The global Rum Market is worth USD 15 billion in 2019, and it is estimated that it will reach a valuation of USD 21.5 billion by the end of 2025 at a CAGR of 5.5% during the forecast period. Rum is the second preferred beverage of all spirits, consumers are increasingly interested in new flavor profiles in addition to what dark and golden rums offer, and flavored rums are widely used in shaker production, cocktails and drink mixes the medical properties of rum used to save the lives of troops and soldiers in war. Rum can help prevent heart attacks and heart disease by increasing good cholesterol (also known as HDL cholesterol) and preventing blockages in the arteries. Traditional rum consumers are looking for premium rum products with a unique flavor profile. Recent developments: •In 2018, the leading brand in the rum market, Bacardi launched a new line of premium rums in the US market, including Añejo Cuatro, Reserva Ocho, Gran Reserva Diez and Gran Reserva Limitada. Market Drivers and Restrains: The global rum market has seen a great growth in during forecast period due to several favorable factors. To gain an edge over the competition as the rum category becomes more competitive, rum makers are focusing on innovation and working to launch new products in the premium category. These factors have a significant impact on the overall growth of the rum market. As disposable incomes increase in emerging economies, the growing urban population has led people to explore new forms of entertainment, such as spending time at night parties, bars, pubs and lounges. The growing demand for proprietary flavors will be a key factor driving the growth of the rum market. It is also another important factor driving alcoholic beverage sales among young people with easy access to energy consumption, social media, and its impact on alcoholic beverages. Interest is driven primarily by social media, word of mouth, and a growing group of multicultural consumers. Consumers in the Millennials and Generation X groups increasingly want to know the authenticity of alcoholic beverages, including rum. sAs per capita income increases in developed and developing countries, the demand for premium rum is

2. increasing among consumers, accelerating the growth of the global rum market. Alcoholic beverages such as scotch and whiskey challenge the rapidly growing rum market. To know more read: https://www.marketdataforecast.com/market-reports/rum-market Report is segmented as: The rum market is segmented by type into spicy, golden, white and dark rum. Huge varieties of rums such as white rum, gold rum, and dark rums, are available in the high demand throughout the rum market. The rum market, segmented by distribution channel, was segmented into commercial and over-the-counter markets, which in 2019, represented more than 60% of global sales. Sales of spirits in the commercial sector have increased significantly in recent years as more and more consumers drink in bars, pubs and restaurants. Geographical Segmentation: South Asia has been identified as one of the most rum consuming countries in the world. India and the Philippines are the dominating countries in the Asian rum market. After the Middle East and Africa, the East Asian rum market is expected to show impressive growth during the forecast period as the number of rum consumers and food and beverage stores in the region increases. Impact of COVID 19 on Rum Market The global impact of the coronavirus in 2019 has a great impact on the rum market in 2020. The COVID-19 outbreak has affected several aspects, such as flight cancellations. Travel ban and quarantine restaurant closures all indoor events are limited. Key market players: Key market players include Bacardi Global Brands Ltd., Asahi Group Holdings Ltd., Demerara Distillers Ltd., Davide Campari-Milano Spa, Suntory Holdings Ltd., LT Group Inc., Diageo Plc, Pernod Ricard SA, Spirit Co. and William Grant & Sons Ltd. View sample and decide:

3. https://www.marketdataforecast.com/market-reports/rum-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626

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