Market Overview:
The global flavored rums market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for flavored rums across different applications such as bottle stores, bars, online, restaurants and others. In terms of type, the vanilla flavored rum segment is expected to lead the market during the forecast period owing to its high demand from consumers. North America is estimated to be the largest regional market for global flavored rums in 2018 while Asia Pacific is projected to witness highest growth rate over the forecast period. Some of key players operating in this market include Diageo plc., Bacardi Limited., Pernod Ricard S.A., Beam Suntory Inc.
Product Definition:
A flavored rum is a type of rum that has been flavoring with spices, fruits, or other flavors. This type of rum is usually used in cocktails or mixed drinks.
Vanilla:
Vanilla is a flavor extracted from the vanilla plant (Anise Hyssop). It has an aroma similar to fruit and includes an earthy, sweet, and creamy flavor. The main factor responsible for its growth in the rum market is that it adds smoothness to the drink.
It also provides a sweetness that cannot be obtained through sugar or other natural sweeteners like honey.
Fruit:
Fruit is the purest form of a natural ingredient used in alcoholic beverages. It adds flavor, color, and taste to various types of rums. The most common fruits used are grapes, apples, pears, oranges (oranges with pulp), bananas (ripe but not too ripe), and berries (any fruit other than grapes).
Application Insights:
Based on application, the market has been segmented into bottle stores, bars, online and restaurants. The bottle stores held the largest share of over 60% in 2017. Over the past few years, there has been a significant increase in rum consumption at bar counter as well as bottleshop level across developed economies including U.S., Canada and France. This trend is expected to continue during upcoming years owing to growing interest among consumers for mix-type rums along with other spirits such as vodka and gin at bars and pubs.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing consumer demand for flavored rums. The U.S., in particular, is one of the major consumers of flavored rum drinks as a result of increasing popularity and awareness about health benefits associated with these drinks among millennials and aging boomers.
Asia Pacific is expected to be the fastest-growing region over the forecast period due to rising product demand from developing countries such as India, China, Thailand, Philippines etc. In addition, increasing number of international brands investing in emerging markets will drive growth further. For instance; Diageo has announced its plans to invest around USD X billion by 2020 on expanding its premium spirits portfolio including Flavored Rum category which includes Captain Morgan Spiced & Apple Jack rum and Cazadores Blanco Tequila mixer brand extension products under Flavored Rum category (Diageo 2008).
Growth Factors:
- Increasing demand for flavored rums from the young population in developing countries.
- Rising disposable income of the consumers in developing countries is expected to boost the demand for flavored rums over the forecast period.
- Growing popularity of cocktails and mixed drinks among young adults is anticipated to fuel growth of the global flavored rum market over the next few years.
- Proliferation of new flavors by manufacturers is expected to attract consumers and drive market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavored Rums Market Research Report
By Type
Vanilla, Fruit, Mix, Others
By Application
Bottle Stores, Bars, Online, Restaurants, Others
By Companies
Diageo, Bacardi Limited, Suntory Holdings Limited, Destilería Serrallés, Heaven Hill Distillery, Admiral Nelson's Rum, Davide Campari-Milano S.p.A., Pernod Ricard, Maine Craft Distilling, LLC, Tanduay Distillers, Inc., Altitude Spirits, Inc., SEASPIRITS, Sazerac Co.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Flavored Rums Market Report Segments:
The global Flavored Rums market is segmented on the basis of:
Types
Vanilla, Fruit, Mix, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bottle Stores, Bars, Online, Restaurants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diageo
- Bacardi Limited
- Suntory Holdings Limited
- Destilería Serrallés
- Heaven Hill Distillery
- Admiral Nelson's Rum
- Davide Campari-Milano S.p.A.
- Pernod Ricard
- Maine Craft Distilling, LLC
- Tanduay Distillers, Inc.
- Altitude Spirits, Inc.
- SEASPIRITS
- Sazerac Co.
Highlights of The Flavored Rums Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vanilla
- Fruit
- Mix
- Others
- By Application:
- Bottle Stores
- Bars
- Online
- Restaurants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flavored Rums Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flavored rums are a type of rum that have been infused with flavors such as fruit, spices, and other additives.
Some of the major companies in the flavored rums market are Diageo, Bacardi Limited, Suntory Holdings Limited, Destilera Serrall©s, Heaven Hill Distillery, Admiral Nelson's Rum, Davide Campari-Milano S.p.A., Pernod Ricard, Maine Craft Distilling, LLC, Tanduay Distillers, Inc., Altitude Spirits, Inc., SEASPIRITS, Sazerac Co..
The flavored rums market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flavored Rums Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flavored Rums Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flavored Rums Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flavored Rums Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flavored Rums Market Size & Forecast, 2020-2028
4.5.1 Flavored Rums Market Size and Y-o-Y Growth
4.5.2 Flavored Rums Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vanilla
5.2.2 Fruit
5.2.3 Mix
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Bottle Stores
6.2.2 Bars
6.2.3 Online
6.2.4 Restaurants
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flavored Rums Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flavored Rums Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vanilla
9.6.2 Fruit
9.6.3 Mix
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Bottle Stores
9.10.2 Bars
9.10.3 Online
9.10.4 Restaurants
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vanilla
10.6.2 Fruit
10.6.3 Mix
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Bottle Stores
10.10.2 Bars
10.10.3 Online
10.10.4 Restaurants
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vanilla
11.6.2 Fruit
11.6.3 Mix
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Bottle Stores
11.10.2 Bars
11.10.3 Online
11.10.4 Restaurants
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vanilla
12.6.2 Fruit
12.6.3 Mix
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Bottle Stores
12.10.2 Bars
12.10.3 Online
12.10.4 Restaurants
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vanilla
13.6.2 Fruit
13.6.3 Mix
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Bottle Stores
13.10.2 Bars
13.10.3 Online
13.10.4 Restaurants
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flavored Rums Market: Competitive Dashboard
14.2 Global Flavored Rums Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diageo
14.3.2 Bacardi Limited
14.3.3 Suntory Holdings Limited
14.3.4 Destilería Serrallés
14.3.5 Heaven Hill Distillery
14.3.6 Admiral Nelson's Rum
14.3.7 Davide Campari-Milano S.p.A.
14.3.8 Pernod Ricard
14.3.9 Maine Craft Distilling, LLC
14.3.10 Tanduay Distillers, Inc.
14.3.11 Altitude Spirits, Inc.
14.3.12 SEASPIRITS
14.3.13 Sazerac Co.
