High-End Rum Market Analysis, Size, and Growth (2023-2030)
High-End Rum Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3.57 Billion |
Market Size by 2030 | US$ 5.01 Billion |
Global CAGR (2022 - 2030) | 4.3% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Cayman Spirits Co, Sovereign Brands LLC, Cognac Ferrand SASU, Pernod Ricard SA, Distilleries Arehucas SA, Mount Gay Distilleries Ltd, Davide Campari Milano NV, Brown-Forman Corp, Westerhall Estate Ltd, and Diageo Plc are among the prominent players profiled in the high-end rum market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The high-end rum market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Initiatives taken by the key players operating in the high-end rum market are listed below:
- In November 2023, Mount Gay, a rum distillery in Barbados, reintroduced its Single Estate Series, focusing on every step of the rum-making process, from sugarcane cultivation to bottling, on the estate.