South Korea Spiced Rum Market Size & Outlook, 2019-2027
South Korea spiced rum market, 2016-2027 (US$M)
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South Korea spiced rum market highlights
- The South Korea spiced rum market generated a revenue of USD 376.2 million in 2019 and is expected to reach USD 550.5 million by 2027.
- The South Korea market is expected to grow at a CAGR of 4.9% 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.
Spiced rum market data book summary
| Market revenue in 2019 | USD 376.2 million |
| Market revenue in 2027 | USD 550.5 million |
| Growth rate | 4.9% (CAGR from 2019 to 2027) |
| Largest segment | Fruit |
| Fastest growing segment | Mix |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, South Korea accounted for 5.6% of the global spiced rum market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China spiced rum market is projected to lead the regional market in terms of revenue in 2027.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 550.5 million by 2027.
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Spiced Rum Market Scope
Spiced Rum Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 58.16% in 2019. Horizon Databook has segmented the South Korea spiced rum market based on vanilla, fruit, mix covering the revenue growth of each sub-segment from 2016 to 2027.
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Target buyers of South Korea spiced rum market databook
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Our clientele includes a mix of spiced 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea spiced rum market , including forecasts for subscribers. This country databook contains high-level insights into South Korea spiced rum market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Korea spiced rum market size, by product, 2016-2027 (US$M)
South Korea Spiced Rum Market Outlook Share, 2019 & 2027 (US$M)
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