Australia Rum Market Size & Outlook, 2022-2030
Australia rum market, 2018-2030 (US$B)
Related Markets
Australia rum market highlights
- The Australia rum market generated a revenue of USD 0.1 billion in 2022 and is expected to reach USD 0.1 billion by 2030.
- The Australia market is expected to grow at a CAGR of 1.5% 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 0.1 billion |
| Growth rate | 1.5% (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, Australia accounted for 1.0% 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 Asia Pacific, India rum market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1.0 billion by 2030.
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Rum Market Scope
Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 0% in 2022. Horizon Databook has segmented the Australia rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
The proliferation of craft distilleries specializing in rum production is driving the rum market in Australia. These distilleries have introduced a wave of unique and high-quality rum expressions, capturing the attention of consumers who are increasingly seeking spirits with depth of flavor and complexity.
The changing consumer palate plays a crucial role, with Australians now looking for more diverse and intriguing taste experiences. Exposure to international rum varieties, often found in cosmopolitan hubs like Singapore, has broadened consumers' horizons and piqued their interest in premium and diverse rum options.
This shift is further fueled by the growing cocktail culture in Australia, where rum's versatility and compatibility with various cocktails have made it a favorite among mixologists and cocktail enthusiasts.
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Target buyers of Australia 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 country-level data and insights on the Australia rum market , including forecasts for subscribers. This country databook contains high-level insights into Australia rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia rum market size, by distribution, 2018-2030 (US$B)
Australia Rum Market Outlook Share, 2022 & 2030 (US$B)
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Related regional statistics
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