The net worth of the global sales of rum in the year 2022, was valued at US$ 16.8 billion. In the year 2023, the market is estimated to generate a revenue of US$ 17.4 billion and register a CAGR of 3.5% from 2023 to 2033. Furthermore, the global rum market analysis report of FMI predicts …
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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 …