Germany Rum Market Size & Outlook, 2022-2030
Germany rum market, 2018-2030 (US$B)
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Germany rum market highlights
- The Germany rum market generated a revenue of USD 0.4 billion in 2022 and is expected to reach USD 0.7 billion by 2030.
- The Germany market is expected to grow at a CAGR of 6.4% 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 0.4 billion |
| Market revenue in 2030 | USD 0.7 billion |
| Growth rate | 6.4% (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, Germany accounted for 5.2% 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 Europe, Germany rum market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 0.3 billion by 2030.
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Rum Market Scope
Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 Germany rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
Rum holds cultural significance in Germany due to historical connections with the Caribbean, where rum production is a major industry. This cultural link often translates into a steady demand for Caribbean rums in Germany, especially during cultural celebrations and festivals.
The German Rum Festival, with its diverse range of rum brands and bottlings, plays a significant role in shaping the rum market in Germany. This festival attracts not only locals but also tourists from around the world.
This annual event significantly impacts the demand for rum in Germany. With over 70 booths featuring more than 150 brands and showcasing over 500 different rum bottlings, the festival is popular among rum enthusiasts and curious newcomers alike.
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Target buyers of Germany 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany rum market , including forecasts for subscribers. This country databook contains high-level insights into Germany rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany rum market size, by distribution, 2018-2030 (US$B)
Germany Rum Market Outlook Share, 2022 & 2030 (US$B)
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