Rum Market By Global Market Share, Size, Demand, Sales, Price, Revenue, Gross Margin Forecast Till 2027

  

 

Rum Market 2020-2027

 

Market Highlights

Ampoule creams are intense and potent variants of serums and essences. They are typically formulated with high concentrations of active ingredients, which claim to revive and boost the skin in relatively less time. The global Rum Market is projected to register a significant growth rate of 4.2% from 2019 to 2024 and reach a market value of USD 573 Million by 2024. The increasing popularity of these products provides an opportunity to market players to increase their geographic presence in emerging markets across the world. However, the possibility of reactions due to the overuse of ampoule creams may hinder market growth during the forecast period.

 

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Regional Analysis

The market in Asia-Pacific is expected to dominate the global Rum Market. The market in India is considered to be lucrative for manufacturers owing to growing alcohol retail. The North American and European markets are mature. These markets are expected to see a declining growth rate during the forecast period.

Segmentation

Based on type, the global Rum Market has been divided into white and dark. The dark rum segment accounted for the larger market share in 2018. Dark rum is usually consumed straight or neat   and is also used in cooking. The market for white rum is expected to register a higher CAGR during the forecast period owing to the increasing preferences for cocktails.

Key Players

Some of the key players in the global Rum Market are Radico Khaitan Ltd. (India), Corporacion Cuba Ron (Cuba), J. Armando Bermudez & Co. (Dominican Republic), Matusalem (Dominican Republic), Diageo PLC (UK), Bacardi Limited (Bermuda), Pernod Ricard SA (France), Beam Suntory, Inc. (US), Gruppo Campari (Italy), The Edrington Group (UK), Mohan Meakin (India), Tanduay Distillers, Inc. (Philippines), The Patrón Spirits Company (US), Pusser's Rum Ltd. (US), and Amrut Distilleries Ltd (India).

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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