The global craft rum market size is expected to reach USD 1.70 billion by 2028 and register a CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Global market revenue growth can be primarily attributed to rapid demand for craft liquor such as craft rum among younger consumers, rising number of craft distilleries worldwide, and resilient pub and discotheque culture in countries across the globe. The rising endorsements of craft spirits and luxury alcoholic beverages on social media platforms, increasing availability of craft rum at bars and pubs, increasing consumption of packaged alcoholic beverages at parties, raves, and social gatherings, and changing lifestyle and tastes of millennial consumers are some other key factors expected to continue to support revenue growth of the global craft rum market going ahead. Rum is a strong-tasting, sweetened distilled alcoholic beverage available widely in various types including dark rum, light rum, gold rum, black rum, white rum, and vintage rum. Craft rum is a unique modification of commercial rum that offers a twist to the authentic flavor of rum. It is made with handpicked ingredients and unique flavor combinations, with spiced rum being the most popular type of craft rum infused with ingredients such as cinnamon, ginger, vanilla, pepper, clove, nutmeg, rosemary, coconut, and various tropical fruits.
To get a FREE sample PDF copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3943
Craft rum manufacturers around the world have been making product innovations using ingredients and flavors like buttery caramel, smoky licorice, vanilla, and sugary syrups to enhance taste. Rising demand for premium alcoholic beverages, including craft rum cocktails, increasing awareness about potential health benefits associated with consumption of rum, and rising purchasing power of consumers are factors expected to further bolster global market growth. However, various side-effects associated with excessive consumption of rum such as indigestion, diarrhea, and vomiting are factors expected to impact market growth to some extent.
Key players in the global craft rum market include Rockstar Spirits Ltd., Drum Circle Distilling, Bacardi Limited, Burning Barn, Wicked Dolphin Rum, Drum & Black, Charles Merser & Co., Copalli, Lyon Distilling Company, Domaines Ellam, and Arizona Craft Beverage.
Some Key Highlights from the Report:
Buy Now @ https://www.reportsanddata.com/checkout-form/3943
For the purpose of this report, the global craft rum market is segmented based on product type, price range, distribution channel, and region:
By Price Range (Revenue, USD Billion; 2018-2028)
By Distribution Channel (Revenue, USD Billion; 2018-2028)
By Region (Revenue, USD Billion; 2018-2028)
To know more about the report @ https://www.reportsanddata.com/report-detail/craft-rum-market
Table Of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Craft Rum Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
……
Chapter 9. Company Profiles
9.1. Wicked Dolphin Rum
9.1.1. Company Overview 9.1.2. Financial Performance 9.1.3. Product Benchmarking 9.1.4. Strategic Initiatives
9.2. Drum Circle Distilling
9.2.1. Company Overview 9.2.2. Financial Performance 9.2.3. Product Benchmarking 9.2.4. Strategic Initiatives
9.3. Drum & Black
9.3.1. Company Overview 9.3.2. Financial Performance 9.3.3. Product Benchmarking 9.3.4. Strategic Initiatives
9.4. Burning Barn
9.4.1. Company Overview 9.4.2. Financial Performance 9.4.3. Product Benchmarking
Continued…
Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/3943
About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/report-detail/craft-rum-market