Latin America Spiced Rum Market Size & Outlook, 2019-2027
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Latin America spiced rum market highlights
- The Latin America spiced rum market generated a revenue of USD 400.6 million in 2019.
- The market is expected to grow at a CAGR of 3.7% from 2020 to 2027.
- In terms of segment, fruit was the largest revenue generating product in 2019.
- Mix is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 400.6 million |
| Market revenue in 2027 | USD 537.1 million |
| Growth rate | 3.7% (CAGR from 2019 to 2027) |
| Largest segment | Fruit |
| Fastest growing segment | Mix |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vanilla, Fruit, Mix |
| Key market players worldwide | Diageo PLC, Bacardi, Suntory Beverage & Food Ltd, Davide Campari-Milano NV Az nom Post Frazionamento, Pernod Ricard SA, Maine Craft Distilling, LT Group Inc, Heaven Hill Distilleries, Sazerac Company |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global spiced rum market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Europe is the fastest growing regional market and is projected to reach USD 2,666.6 million by 2027.
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Spiced Rum Market Scope
Spiced Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sazerac Company | View profile | 1001-5000 | Metairie, Louisiana, United States, North America | https://www.sazerac.com/ |
| Heaven Hill Distilleries | View profile | 501-1000 | Bardstown, Kentucky, United States, North America | http://www.heavenhill.com/ |
| Bacardi | View profile | 5001-10000 | Hamilton, Hamilton, Bermuda, North America | https://www.bacardilimited.com/ |
| LT Group Inc | View profile | 12333 | 30th Street Corner Rizal Drive, 11th Floor, Unit 3 Bench Tower, Crescent Park West 5, Taguig, Philippines, 1634 | https://www.ltg.com.ph |
| Maine Craft Distilling | View profile | 51-100 | Portland, Maine, United States, North America | https://www.mainecraftdistilling.com |
| Davide Campari-Milano NV Az nom Post Frazionamento | View profile | 4764 | Via Franco Sacchetti 20, Sesto San Giovanni, Milan, Italy, 20099 | https://www.camparigroup.com |
| Diageo PLC | View profile | 30269 | 16 Great Marlborough Street, London, United Kingdom, W1F 7HS | https://www.diageo.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
| Suntory Beverage & Food Ltd | View profile | 24641 | 3-1-1 Kyobashi, Tokyo Square Garden, Chuo-ku, Tokyo, Japan, 104-0031 | http://www.suntory.co.jp |
Latin America spiced 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 spiced rum market will help companies and investors design strategic landscapes.
Fruit was the largest segment with a revenue share of 55.92% in 2019. Horizon Databook has segmented the Latin America spiced rum market based on vanilla, fruit, mix covering the revenue growth of each sub-segment from 2016 to 2027.
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Our clientele includes a mix of spiced rum market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America spiced rum market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America spiced rum market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America spiced rum market size, by country, 2016-2027 (US$M)
Latin America Spiced Rum Market Outlook Share, 2019 & 2027 (US$M)
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