Italy Rum Market Size & Outlook, 2022-2030
Italy rum market, 2018-2030 (US$B)
Related Markets
Italy rum market highlights
- The Italy rum market generated a revenue of USD 0.2 billion in 2022 and is expected to reach USD 0.3 billion by 2030.
- The Italy 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 0.2 billion |
| Market revenue in 2030 | USD 0.3 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, Italy accounted for 2.0% 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 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 |
|---|
Italy 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 Italy rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
Italian consumers are increasingly open to exploring new and diverse spirits, moving beyond traditional choices like wine and vodka. The rich history and variety of rum, from light and fruity to dark and complex, provide a wide range of flavor profiles that appeal to Italian drinkers looking for unique and exotic experiences.
The sustainability and eco-conscious movements are also influencing the rum market in Italy. Consumers are increasingly concerned about the environmental impact of their choices, including their beverage selections.
Brands that prioritize sustainability, like those using eco-friendly packaging and production methods, are gaining favor among environmentally conscious Italian consumers.
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Target buyers of Italy 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 Italy rum market , including forecasts for subscribers. This country databook contains high-level insights into Italy rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy rum market size, by distribution, 2018-2030 (US$B)
Italy Rum Market Outlook Share, 2022 & 2030 (US$B)
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