Argentina Rum Market Size & Outlook, 2022-2030
Argentina rum market, 2018-2030 (US$B)
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Argentina rum market highlights
- The Argentina rum market generated a revenue of USD 0.1 billion in 2022 and is expected to reach USD 0.2 billion by 2030.
- The Argentina market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, on-trade was the largest revenue generating distribution in 2022.
- On-trade is the most lucrative distribution segment registering the fastest growth during the forecast period.
Rum market data book summary
| Market revenue in 2022 | USD 0.1 billion |
| Market revenue in 2030 | USD 0.2 billion |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | On-trade |
| Fastest growing segment | On-trade |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | On-trade, Off-trade |
| Key market players worldwide | Davide Campari-Milano NV Az nom Post Frazionamento, Diageo PLC, LT Group Inc, Pernod Ricard SA, Suntory Beverage & Food Ltd |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.6% of the global rum market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil rum market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 0.2 billion by 2030.
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Rum Market Scope
Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 100% in 2022. Horizon Databook has segmented the Argentina rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
Consumer tastes and preferences play a pivotal role in the Argentina rum market. Argentinians have shown a growing interest in premium and craft spirits, including rum.
This shift towards higher-quality products reflects a broader trend in the global spirits industry, where consumers increasingly seek unique and artisanal offerings. As a result, rum producers are responding by introducing a wide range of premium and aged rums to cater to this demand, thereby driving the market.
Additionally, cultural factors and traditions play a significant role in the Argentina rum market. Rum has historical ties to various Latin American countries, including Argentina, and is often associated with celebratory occasions and social gatherings.
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Target buyers of Argentina 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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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina rum market , including forecasts for subscribers. This country databook contains high-level insights into Argentina rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina rum market size, by distribution, 2018-2030 (US$B)
Argentina Rum Market Outlook Share, 2022 & 2030 (US$B)
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