Global Rum Market Size & Outlook, 2022-2030
Global rum market, 2018-2030 (US$B)
Related Markets
Global rum market highlights
- The global rum market generated a revenue of USD 8.1 billion in 2022 and is expected to reach USD 12.3 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.3% by 2030.
- In terms of segment, on-trade accounted for a revenue of USD 4.2 billion in 2022.
- On-trade is the most lucrative distribution segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Australia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8.1 billion |
| Market revenue in 2030 | USD 12.3 billion |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | On-trade |
| Fastest growing segment | On-trade |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | On-trade, Off-trade |
Other key industry trends
- In terms of revenue, the North America accounted for 25.4% of the global rum market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 0.1 billion by 2030.
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Rum Market Scope
Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rum market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rum market will help companies and investors design strategic landscapes.
On-trade was the largest segment with a revenue share of 51.85% in 2022. Horizon Databook has segmented the Global rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Rum Distribution Outlook (Revenue, USD Billion, 2018-2030)
- On-trade
- Off-trade
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Target buyers of Global rum market databook
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Our clientele includes a mix of rum market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global rum market , including forecasts for subscribers. This global databook contains high-level insights into Global rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global rum market size, by region, 2018-2030 (US$B)
Top 10 countries: Rum market size, 2022 (US$B)
Global rum market share, by distribution, 2022 & 2030 (%, US$B)
Rum market: Opportunity assessment by country
Global rum market, by region, 2022 (US$B)
| Distribution | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1.2 | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.5 | 1.5 | 1.6 | 1.7 | 1.8 | 1.9 | 2.1 | 5.3% |
| Europe | 1.6 | 1.6 | 1.7 | 1.7 | 1.8 | 1.9 | 2.0 | 2.0 | 2.1 | 2.3 | 2.4 | 2.6 | 2.8 | 5.4% |
| North America | 1.8 | 1.9 | 1.9 | 2.0 | 2.1 | 2.2 | 2.3 | 2.4 | 2.5 | 2.6 | 2.8 | 3.0 | 3.2 | 5.7% |
| MEA | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 4.7% |
| Asia Pacific | 2.1 | 2.1 | 2.2 | 2.2 | 2.3 | 2.4 | 2.5 | 2.6 | 2.7 | 2.9 | 3.0 | 3.2 | 3.4 | 5.1% |
| Overall | 7.2 | 7.4 | 7.6 | 7.8 | 8.1 | 8.4 | 8.8 | 9.1 | 9.6 | 10.2 | 10.8 | 11.5 | 12.3 | 5.3% |
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