Japan Rum Market Size & Outlook, 2022-2030
Japan rum market, 2018-2030 (US$B)
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Japan rum market highlights
- The Japan rum market generated a revenue of USD 0.5 billion in 2022 and is expected to reach USD 0.7 billion by 2030.
- The Japan market is expected to grow at a CAGR of 5.5% 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 0.5 billion |
| Market revenue in 2030 | USD 0.7 billion |
| Growth rate | 5.5% (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, Japan accounted for 5.5% 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 |
|---|
Japan 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 40% in 2022. Horizon Databook has segmented the Japan rum market based on on-trade, off-trade covering the revenue growth of each sub-segment from 2018 to 2030.
The Japanese rum market is influenced by several key factors. Firstly, Japanese rum production is concentrated in the country's southern tropical islands, such as Ogasawara, Okinawa, Minami Daito, and Lejima, where sugar cane can be cultivated.
Brands like Cor Cor Rum, Nine Leaves, Kikusui Rum, and Ogasawara Rum have gained recognition in these regions. In recent developments, in May 2022, an Okinawan-based awamori distillery introduced a range of small-batch rums made from sugar cane grown on eight distinct islands within the prefecture, indicating growth and innovation in the Japanese rum industry.
The global cocktail culture's influence, with rum being a fundamental ingredient in a wide array of classic and innovative cocktails, drives the Japanese rum market. This trend has solidified rum's presence in Japan, where cocktail bars and mixology are gaining popularity.
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Target buyers of Japan 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 Japan rum market , including forecasts for subscribers. This country databook contains high-level insights into Japan rum market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan rum market size, by distribution, 2018-2030 (US$B)
Japan Rum Market Outlook Share, 2022 & 2030 (US$B)
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