The Rum Market size was valued at USD 18.19 Billion in 2023 and the total Rum revenue is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 25.95 Billion.The Global Rum Market Overview
Rum is a distilled alcoholic beverage extracted from sugarcane molasses or directly from the sugarcane juice. It is a demanding market in the young generation and people with rich tastes as the preferred customization is done according to the changing preferences providing beneficial growth opportunities for the Rum Market. The rum offers a variety of flavors that appeal broad consumer base, this diversity in flavors leads to the innovation of new drinks that contribute to driving the Rum Market. Flavoured rum dominates the rum markets segment as it is a choice for cocktails and mixers, as it can add a variety of flavors and aromas to drink. Some of the most demanding flavored rum brands are Bacardi, Malibu, Kraken, Captain Morgan, and Sailor Jerry dominating the flavored rum market. Globally, rum is a very popular drink, and even though it has seen year-on-year growth. Rum has a rich history and it is known as a traditional drink in countries such as Barbados, Cuba, Dominican Republic, Jamaica, and Puerto Rico. Rum is playing an increasingly major role in emerging economies such as India and China. The alcohol sector is one of the world’s fastest-growing beverage markets, which is expected to boost the development of the global Rum Market. According to a Maximize Market Research study, India is the world’s largest market for rum as India exported 54,374 thousand liters of rum and tafia in 2023. In the same year rum and tafia were on 1565th most exported product globally in 2023. The number of consumers of spirit and imported rum brands growing rapidly expected to boost the global rum market.To know about the Research Methodology :- Request Free Sample Report
Rum Market Dynamics
Rising Popularity of Cocktails Drives Rum Market Growth The best cocktails are made using quality spirits such as rum the global cocktail market is rapidly growing due to the improving lifestyle and increasing per capita income of the people. The rising cocktail industry is expected to boost the global Rum Market as rum provides a key function in the cocktail as it is the only spirit that blends with a variety of cocktails. Rum spirit is one of the favorite drinks enjoyed as part of the cocktail. Cocktails offer traditional as well as exotic flavors to consumers as it is more appealing to a large number of drinkers. This trend increases spiced rum sales in pubs, restaurants, and bars. The demand for spiced rum in cocktails is driving due to the flavors’ rising experimenting and innovation of the rum market. The Spiced Rum in Cocktails is preferred by Gen Z who started consuming the alcohol. The growing number of younger generations started consuming alcohol expected to drive the market growth. The people are influenced by the Western culture which encourages people to add more flavoring to drinks than the traditional culture expected to drive the global Rum Market. Increasing Demand For Premium Varieties Of Rum Boosts Rum Market Growth The increasing demand for premium rum throughout the world is significantly expected to boost market growth. No other spirit can have such a rich and diverse heritage as rum. Newly emerging consumers eager to explore new tastes, quality, and authenticity of rum significantly help to propel market growth. Rum consumers are ready to spend on premium-quality rum whereas aged rum has more demand. The increasing popularity of cocktails that require premium rum drives the rum market growth, also premium rum is easily available in the market so it makes it more appealing to a wide range of consumers. The consumer can buy any premium rum easily from around the world. So, the demand for premium quality rum is expected to drive the global rum market due to increased disposable income, growing consumer taste, and easy availability of premium rum expected to drive the market growth. Growing Health Awareness Among The People Restrains The Rum Market Growth Rum is one spirit made from sugarcane juice and molasses, the alcohol in rum is due to ethanol. Access consumption of alcohol is dangerous to health as it causes High blood pressure, heart disease, stroke, liver disease, and digestive problems. The rum addict can face cancer of the breast, mouth, throat, voice box, liver, and rectum. More Rum consumption weakens the immune system and increases the chances of getting sick. Chronic alcoholism leads to permanent memory damage and brain shrinkage problems. The side effects of Rum consumption and growing health awareness among people are expected to hamper the market growth. After the pandemic people are more concerned about their health and they prefer to spend more on products that improve their health and fitness. Therefore, consumers’ rising concern about physical and mental health leads to increased demand for health-related products restraining the market growth and creating challenges for the Rum market.Rum Market With Unique Flavor Profiles Create Lucrative Growth Opportunities Flavored rum is nowadays a very popular drink among consumers. The rum is produced by fermenting sugarcane juice or molasses but usually, fruity or citrus flavors can be added to rum. Nowadays, rums are available in different flavors such as fruits, coffee, sweet, buttery, caramel, and vanilla. Consumers are interested in trying new flavored rum which creates tremendous growth opportunities for the market growth. For instance, the key players in the global Rum Market offer a wide range of flavored rums such as Kraken Black Roast Coffee Rum, Plantation Stiggins Fancy Pineapple Rum, Bacardi Coconut Rum, Bones Butterscotch Rum, Don Q Pasión Rum, Dr. Stoner's Island Bash Herb Rum, Captain Morgan Cherry Vanilla Rum, and Striped Lion Cocoa Rum. The development of different flavored rum and increasing demand for unique flavors are expected to create lucrative growth opportunities for the market.
Rum Market Segment Analysis
Based on Type, Dark rum dominates the type segment of the Rum Market in the year 2023. When rum is stored for more than three years or a longer time the rum will continue to darken and offer larger flavor profiles. Darker rums are more popular for drinking due to their Smokey, smooth, bold, and strong flavor. The increasing trend of cocktails creates a demand for dark rum. Dark rum offers a contrast of more flavourful profiles compared to white rum and other types of rum in cocktail recipes. It is often used in cocktails that call for a stronger rum flavor, such as the Dark’n’ Stormy and the Cuba Libre, it is also a popular choice for sipping neat or on the rocks. Bacardi is the major key player and offers a wide range of dark rum such as BACARDÍ Carta Negra and BACARDÍ CARTA ORO these rums are darker in colour and used in cooking baking and drinking purposes like luscious Rum Cake. Due to the taste, color, and premium flavor, dark rum is expected to boost rum market growth.Based on the Distribution Channel, the Off-Trade distribution channel significantly dominates the distribution Channel of the global Rum Market in the year 2023. The off-trade distribution network includes local suppliers such as bars, restaurants, shops, pubs, specialty stores, and supermarkets. The common individual easily purchases rum from off-trade suppliers, therefore, off-trade distribution channels experiencing the growth in year 2023. The on-trade distribution channel is expected to fastest growth during the forecast period. The expansion of the e-commerce industry is expected to boost the growth of the on-trade rum distribution segment during the forecast period. With the increasing trend of on-trade shopping, consumer wants everything delivered to their homes. It saves time as well as money for consumers therefore people adopt on-trade methods to buy the rum. Due to this factor, on-trade distribution channels are expected to grow at a faster rate.
Rum Market Regional Insights
Asia Pacific region dominates the global Rum Market it holds more than 40 % share of the total market share in the year 2023. The region experiencing significant market growth due to the rising drinking population of the country such as India and China. India is as world’s largest market for Rum as India exported 54,374 thousand liters in 2023. The rising income of middle-class people demands for premium and flavored rums which further helps to boost the market growth. India is a major producer of sugarcane and it is the only raw material for rum production it has been the second largest producer of sugarcane. The country produces about 22%of total sugarcane in the world driving the rum industry growth. North America is expected to be the fastest-growing market for rum due to the presence of key players as well as the increasing demand for premium rum. The growing trend of pubs and bars is expected to boost the market growth. The Caribbean rum market has historic significance, which led the countries like Jamaica, Barbados, Cuba, and the Dominican Republic to be driving the growth of the rum market. Each geography shares a passion for creating high-quality rums with its distinct history, production process, style, and flavor which makes the authentic Caribbean rum market unique. The sugar industry of the colonial Caribbean world remains one of the major industries, responsible for a significant proportion of income for the region driving the market of the Caribbean rum market.Rum Market Competitive Landscapes
The Global rum market is expected to be highly competitive with the active presence of numerous market players. Major companies are striving to introduce cost-efficient and innovatively advanced products to meet the increasing demand, consequently fostering overall market growth. In addition, the rum industry's growth is significantly influenced by popularity among youngsters as many pubs, and clubs have paved their way into the market. Brands are adopting various business strategies, including technical partnerships and mergers and acquisitions (M&A) to remain competitive in the rum market. For instance, In the year 1862 Don Bacardi Masso developed the smooth spirit which is Bacardi Rum. The company offers a wide range of rum which is made from high-quality molasses sources. The company offers ready-to-drink cocktails, flavored rums, and Bacardi Superior rums, white, black, and dark rums. Bacardi Limited acquired a minority stake in Tequila Patron, one of the world’s leading premium tequila brands.Diageo is one of the leading premium rum manufacturers. The company sells products in over 180 countries with 200 brands. The company offers premium rum for cocktails. Diageo plc acquired Don Papa Rum, a premium rum brand from the Philippines. Thanks to its strong global presence, the company is one of the leading in the global rum market
Rum Market Scope: Inquire before buying
Rum Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 18.19 Bn. Forecast Period 2024 to 2030 CAGR: 5.2 % Market Size in 2030: US $ 25.95 Bn. Segments Covered: by Category Plain Flavoured Spiced by Type White Gold Dark Other by Distribution Channel On Trade Off Trade Rum Market by Region:
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Rum Market Key Players:
1. Bacardi Limited 2. HOVI Trading Ltd 3. Westerhall Estate Ltd 4. Tanduay Distillers, Inc 5. Diageo 6. Davide Campari-Milano Spa 7. Demerara Distillers Ltd 8. LT Group Inc 9. Nova Scotia Spirit Co 10. Pernod Ricard SA 11. Suntory Holdings Ltd 12. William Grant & Sons Ltd 13. Mohan Meakin Limited 14. Remy cointreau Group 15. Cayman spirits Co 16. Halewood International holdings PLC 17. Arehucas 18. Elements Eight Rum Company Ltd 19. Edrington 20. Radico Khaitan Limited 21. Green Tree Distillery 22. La Martiniquaise 23. Hacienda Monterrey wines & Spirits S.l. 24. MAISON FERRAND 25. Tanduay Distillers, Inc FAQs: 1] What segments are covered in the Global Rum Market report? Ans. The segments covered in the Rum Market report are based on Type, Category, Distribution Channel, and Region. 2] Which region is expected to hold the highest share of the Rum Market? Ans. The Asia Pacific region is expected to hold the highest share of the Rum Market. 3] What is the market size of the Rum Market by 2030? Ans. The market size of the Rum Market by 2030 is expected to reach US$ 25.95 Bn. 4] What is the forecast period for the Rum Market? Ans. The forecast period for the Rum Market is 2024-2030. 5] What was the market size of the Rum Market in 2023? Ans. The market size of the Rum Market in 2023 was valued at US$ 18.19 Bn.
1. Rum Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Rum Market: Dynamics 2.1. Rum Market Trends by Region 2.1.1. North America Rum Market Trends 2.1.2. Europe Rum Market Trends 2.1.3. Asia Pacific Rum Market Trends 2.1.4. Middle East and Africa Rum Market Trends 2.1.5. South America Rum Market Trends 2.2. Rum Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Rum Market Drivers 2.2.1.2. North America Rum Market Restraints 2.2.1.3. North America Rum Market Opportunities 2.2.1.4. North America Rum Market Challenges 2.2.2. Europe 2.2.2.1. Europe Rum Market Drivers 2.2.2.2. Europe Rum Market Restraints 2.2.2.3. Europe Rum Market Opportunities 2.2.2.4. Europe Rum Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Rum Market Drivers 2.2.3.2. Asia Pacific Rum Market Restraints 2.2.3.3. Asia Pacific Rum Market Opportunities 2.2.3.4. Asia Pacific Rum Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Rum Market Drivers 2.2.4.2. Middle East and Africa Rum Market Restraints 2.2.4.3. Middle East and Africa Rum Market Opportunities 2.2.4.4. Middle East and Africa Rum Market Challenges 2.2.5. South America 2.2.5.1. South America Rum Market Drivers 2.2.5.2. South America Rum Market Restraints 2.2.5.3. South America Rum Market Opportunities 2.2.5.4. South America Rum Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Value Chain Analysis 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Brand Analysis For the Rum Industry 2.8. Associations With the Rum Industry By Price Point 2.9. The Global Pandemic Impact on Rum Market 2.10. Rum Price Trend Analysis (2023-24) 2.11. Global Rum Market Trade Analysis (2018-2023) 2.11.1. Global Import of Rum 2.11.1.1. Ten Largest Importer 2.11.2. Global Export of Rum 2.11.2.1. Ten Largest Exporter 3. Rum Market: Global Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030) 3.1. Rum Market Size and Forecast, by Category (2023-2030) 3.1.1. Plain 3.1.2. Flavoured 3.1.3. Spiced 3.2. Rum Market Size and Forecast, by Type (2023-2030) 3.2.1. White 3.2.2. Gold 3.2.3. Dark 3.2.4. Others 3.3. Rum Market Size and Forecast, by Distribution Channel (2023-2030) 3.3.1. On Trade 3.3.2. Off Trade 3.4. Rum Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Rum Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. North America Rum Market Size and Forecast, by Category (2023-2030) 4.1.1. Plain 4.1.2. Flavoured 4.1.3. Spiced 4.2. North America Rum Market Size and Forecast, by Type (2023-2030) 4.2.1. White 4.2.2. Gold 4.2.3. Dark 4.2.4. Others 4.3. North America Rum Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.1. On Trade 4.3.2. Off Trade 4.4. North America Rum Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Rum Market Size and Forecast, by Category (2023-2030) 4.4.1.1.1. Plain 4.4.1.1.2. Flavoured 4.4.1.1.3. Spiced 4.4.1.2. United States Rum Market Size and Forecast, by Type (2023-2030) 4.4.1.2.1. White 4.4.1.2.2. Gold 4.4.1.2.3. Dark 4.4.1.2.4. Others 4.4.1.3. United States Rum Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.1.3.1. On Trade 4.4.1.3.2. Off Trade 4.4.2. Canada 4.4.2.1. Canada Rum Market Size and Forecast, by Category (2023-2030) 4.4.2.1.1. Plain 4.4.2.1.2. Flavoured 4.4.2.1.3. Spiced 4.4.2.2. Canada Rum Market Size and Forecast, by Type (2023-2030) 4.4.2.2.1. White 4.4.2.2.2. Gold 4.4.2.2.3. Dark 4.4.2.2.4. Others 4.4.2.3. Canada Rum Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.2.3.1. On Trade 4.4.2.3.2. Off Trade 4.4.3. Mexico 4.4.3.1. Mexico Rum Market Size and Forecast, by Category (2023-2030) 4.4.3.1.1. Plain 4.4.3.1.2. Flavoured 4.4.3.1.3. Spiced 4.4.3.2. Mexico Rum Market Size and Forecast, by Type (2023-2030) 4.4.3.2.1. White 4.4.3.2.2. Gold 4.4.3.2.3. Dark 4.4.3.2.4. Others 4.4.3.3. Mexico Rum Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.3.3.1. On Trade 4.4.3.3.2. Off Trade 5. Europe Rum Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 5.1. Europe Rum Market Size and Forecast, by Category (2023-2030) 5.2. Europe Rum Market Size and Forecast, by Type (2023-2030) 5.3. Europe Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4. Europe Rum Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Rum Market Size and Forecast, by Category (2023-2030) 5.4.1.2. United Kingdom Rum Market Size and Forecast, by Type (2023-2030) 5.4.1.3. United Kingdom Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.2. France 5.4.2.1. France Rum Market Size and Forecast, by Category (2023-2030) 5.4.2.2. France Rum Market Size and Forecast, by Type (2023-2030) 5.4.2.3. France Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.3. Germany 5.4.3.1. Germany Rum Market Size and Forecast, by Category (2023-2030) 5.4.3.2. Germany Rum Market Size and Forecast, by Type (2023-2030) 5.4.3.3. Germany Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Rum Market Size and Forecast, by Category (2023-2030) 5.4.4.2. Italy Rum Market Size and Forecast, by Type (2023-2030) 5.4.4.3. Italy Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.5. Spain 5.4.5.1. Spain Rum Market Size and Forecast, by Category (2023-2030) 5.4.5.2. Spain Rum Market Size and Forecast, by Type (2023-2030) 5.4.5.3. Spain Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Rum Market Size and Forecast, by Category (2023-2030) 5.4.6.2. Sweden Rum Market Size and Forecast, by Type (2023-2030) 5.4.6.3. Sweden Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Rum Market Size and Forecast, by Category (2023-2030) 5.4.7.2. Austria Rum Market Size and Forecast, by Type (2023-2030) 5.4.7.3. Austria Rum Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Rum Market Size and Forecast, by Category (2023-2030) 5.4.8.2. Rest of Europe Rum Market Size and Forecast, by Type (2023-2030) 5.4.8.3. Rest of Europe Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6. Asia Pacific Rum Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 6.1. Asia Pacific Rum Market Size and Forecast, by Category (2023-2030) 6.2. Asia Pacific Rum Market Size and Forecast, by Type (2023-2030) 6.3. Asia Pacific Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4. Asia Pacific Rum Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Rum Market Size and Forecast, by Category (2023-2030) 6.4.1.2. China Rum Market Size and Forecast, by Type (2023-2030) 6.4.1.3. China Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Rum Market Size and Forecast, by Category (2023-2030) 6.4.2.2. S Korea Rum Market Size and Forecast, by Type (2023-2030) 6.4.2.3. S Korea Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Rum Market Size and Forecast, by Category (2023-2030) 6.4.3.2. Japan Rum Market Size and Forecast, by Type (2023-2030) 6.4.3.3. Japan Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.4. India 6.4.4.1. India Rum Market Size and Forecast, by Category (2023-2030) 6.4.4.2. India Rum Market Size and Forecast, by Type (2023-2030) 6.4.4.3. India Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Rum Market Size and Forecast, by Category (2023-2030) 6.4.5.2. Australia Rum Market Size and Forecast, by Type (2023-2030) 6.4.5.3. Australia Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Rum Market Size and Forecast, by Category (2023-2030) 6.4.6.2. Indonesia Rum Market Size and Forecast, by Type (2023-2030) 6.4.6.3. Indonesia Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Rum Market Size and Forecast, by Category (2023-2030) 6.4.7.2. Malaysia Rum Market Size and Forecast, by Type (2023-2030) 6.4.7.3. Malaysia Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Rum Market Size and Forecast, by Category (2023-2030) 6.4.8.2. Vietnam Rum Market Size and Forecast, by Type (2023-2030) 6.4.8.3. Vietnam Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.8.4. Vietnam Rum Market Size and Forecast, by Industry Vertical(2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Rum Market Size and Forecast, by Category (2023-2030) 6.4.9.2. Taiwan Rum Market Size and Forecast, by Type (2023-2030) 6.4.9.3. Taiwan Rum Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Rum Market Size and Forecast, by Category (2023-2030) 6.4.10.2. Rest of Asia Pacific Rum Market Size and Forecast, by Type (2023-2030) 6.4.10.3. Rest of Asia Pacific Rum Market Size and Forecast, by Distribution Channel (2023-2030) 7. Middle East and Africa Rum Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030 7.1. Middle East and Africa Rum Market Size and Forecast, by Category (2023-2030) 7.2. Middle East and Africa Rum Market Size and Forecast, by Type (2023-2030) 7.3. Middle East and Africa Rum Market Size and Forecast, by Distribution Channel (2023-2030) 7.4. Middle East and Africa Rum Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Rum Market Size and Forecast, by Category (2023-2030) 7.4.1.2. South Africa Rum Market Size and Forecast, by Type (2023-2030) 7.4.1.3. South Africa Rum Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Rum Market Size and Forecast, by Category (2023-2030) 7.4.2.2. GCC Rum Market Size and Forecast, by Type (2023-2030) 7.4.2.3. GCC Rum Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Rum Market Size and Forecast, by Category (2023-2030) 7.4.3.2. Nigeria Rum Market Size and Forecast, by Type (2023-2030) 7.4.3.3. Nigeria Rum Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Rum Market Size and Forecast, by Category (2023-2030) 7.4.4.2. Rest of ME&A Rum Market Size and Forecast, by Type (2023-2030) 7.4.4.3. Rest of ME&A Rum Market Size and Forecast, by Distribution Channel (2023-2030) 8. South America Rum Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030 8.1. South America Rum Market Size and Forecast, by Category (2023-2030) 8.2. South America Rum Market Size and Forecast, by Type (2023-2030) 8.3. South America Rum Market Size and Forecast, by Distribution Channel (2023-2030) 8.4. South America Rum Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Rum Market Size and Forecast, by Category (2023-2030) 8.4.1.2. Brazil Rum Market Size and Forecast, by Type (2023-2030) 8.4.1.3. Brazil Rum Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Rum Market Size and Forecast, by Category (2023-2030) 8.4.2.2. Argentina Rum Market Size and Forecast, by Type (2023-2030) 8.4.2.3. Argentina Rum Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Rum Market Size and Forecast, by Category (2023-2030) 8.4.3.2. Rest Of South America Rum Market Size and Forecast, by Type (2023-2030) 8.4.3.3. Rest Of South America Rum Market Size and Forecast, by Distribution Channel (2023-2030) 9. Global Rum Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Product Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.3.6. SKU Details 9.3.7. Production for 2023 9.3.8. No. of Stores 9.4. Market Analysis by Organized Players vs. Unorganized Players 9.4.1. Organized Players 9.4.2. Unorganized Players 9.5. Leading Rum Market Companies, by market capitalization 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Bacardi Limited 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. HOVI Trading Ltd 10.3. Westerhall Estate Ltd 10.4. Tanduay Distillers, Inc 10.5. Diageo 10.6. Davide Campari-Milano Spa 10.7. Demerara Distillers Ltd 10.8. LT Group Inc 10.9. Nova Scotia Spirit Co 10.10. Pernod Ricard SA 10.11. Suntory Holdings Ltd 10.12. William Grant & Sons Ltd 10.13. Mohan Meakin Limited 10.14. Remy cointreau Group 10.15. Cayman spirits Co 10.16. Halewood International holdings PLC 10.17. Arehucas 11. Key Findings 12. Industry Recommendations 13. Rum Market: Research Methodology 14. Terms and Glossary