Canada Rum Market Size & Outlook, 2022-2030
Canada rum market, 2018-2030 (US$B)
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Canada rum market highlights
- The Canada rum market generated a revenue of USD 0.6 billion in 2022 and is expected to reach USD 0.9 billion by 2030.
- The Canada market is expected to grow at a CAGR of 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 0.6 billion |
| Market revenue in 2030 | USD 0.9 billion |
| Growth rate | 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, Canada accounted for 7.2% 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 North America, U.S. rum market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2.3 billion by 2030.
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Rum Market Scope
Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 50% in 2022. Horizon Databook has segmented the Canada rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
The key factor driving the Canadian rum market is the shift in consumer preferences toward premium and craft spirits. Canadian consumers increasingly seek high-quality, artisanal products that offer unique flavors and experiences.
This trend has led to a surge in demand for premium rums that are aged for longer periods, often in small batches, and crafted with meticulous attention to detail. Consumers are willing to pay a premium for these premium offerings, contributing to the market's growth.
Furthermore, the introduction of innovative rum products drives the market growth. Canadian distillers and producers are experimenting with various flavor profiles, production techniques, and aging processes to create new and exciting rum varieties.
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Target buyers of Canada 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 Canada rum market , including forecasts for subscribers. This country databook contains high-level insights into Canada rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada rum market size, by distribution, 2018-2030 (US$B)
Canada Rum Market Outlook Share, 2022 & 2030 (US$B)
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