Rum Market is anticipated to expand from 3.9 billion in 2024 to 6.8 billion by 2034, growing at a CA
The rum market encompasses the global industry dedicated to the production, distribution, and consumption of rum, a distilled alcoholic beverage made from sugarcane byproducts. This market includes a variety of rum types, such as white, dark, spiced, and premium aged rums, catering to diverse consumer preferences. It is driven by evolving consumer tastes, rising demand for craft spirits, and the growing popularity of cocktails, influencing product innovation and regional market expansions.