India Rum Market Size & Outlook, 2022-2030
India rum market, 2018-2030 (US$B)
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India rum market highlights
- The India rum market generated a revenue of USD 0.7 billion in 2022 and is expected to reach USD 1.1 billion by 2030.
- The India market is expected to grow at a CAGR of 5.7% 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 0.7 billion |
| Market revenue in 2030 | USD 1.1 billion |
| Growth rate | 5.7% (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, India accounted for 8.4% 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 |
|---|
India 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 57.14% in 2022. Horizon Databook has segmented the India rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
India's youthful demographic, with a significant population under the age of 35, is increasingly drawn to innovative and diverse alcoholic beverages, including rum.
This demographic shift, characterized by adventurous taste preferences and a willingness to experiment with new drinks, has significantly nurtured the growth prospects of the Indian rum market.
Moreover, the country's flourishing tourism industry is pivotal in promoting rum consumption. Tourists flock to India's coastal regions and tropical destinations, where rum-based drinks are often the beverage of choice due to their refreshing and tropical appeal.
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Target buyers of India 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 India rum market , including forecasts for subscribers. This country databook contains high-level insights into India rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India rum market size, by distribution, 2018-2030 (US$B)
India Rum Market Outlook Share, 2022 & 2030 (US$B)
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