The net worth of the global sales of rum is estimated to be worth USD 18.0 billion in 2024 and is projected to reach a value of USD 25.4 billion by 2034, expanding at a CAGR of 3.5% over the assessment period of 2024 to 2034 Increasing consumption of alcoholic beverages and rising per capita income …
Tag Archives: Rum Market
Strategic Analysis of the Rum Market Set to Surge, Forecasted to Reach USD 3.2 Billion by 2033
Rum sales in the Asia Pacific region are projected to soar to US$ 3.2 billion by 2033, positioning the region as a significant consumer and a major rum producer. A report from Future Market Insights indicates that the Japan rum market is poised to experience a growth rate of 1.8% over the next decade. With …
Rising Tides: Exploring the Lucrative Growth Opportunities in the Global Rum Industry by 2033
Global rum market valued at US$ 17.4 billion in 2023, is set to witness steady growth at a rate of 3.5% annually, reaching a total value of US$ 24.5 billion by 2033. Fueled by growing consumer demand for alcoholic beverages and the emergence of cocktail culture, the rum industry is experiencing significant expansion worldwide. Key …