Market Overview:
The global rum and cachaca 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 premium and flavored rums across the globe. In addition, rising disposable income of consumers in developing countries is also propelling the demand for rum and cachaca products. Based on type, rum accounted for a larger share of the global market in 2017. This segment is projected to grow at a CAGR of 5.4% during the forecast period from 2018 to 2030.
Product Definition:
Rum is a distilled alcoholic beverage made from sugarcane by-products such as molasses or cane syrup. Cachaça (Portuguese pronunciation: [kɐˈʃasɐ]) is a spirit made from sugarcane juice. It is the most popular distilled alcoholic beverage in Brazil.
RUM:
Rising urban population and increasing disposable income are expected to drive the global rum market over the forecast period. The growing popularity of cocktails made using rum is also likely to contribute to market growth.
The rising number of bars, restaurants, hotels, and other drinking places in developing countries such as China, India, Brazil and Mexico is expected to be a key driving factor for the global alcohol industry over the next few years.
CACHACA:
Cachaca is the name given to the sugar produced in Brazil from the fermented juice of a certain palm tree. It has been used traditionally as an alternative to sugar and can be found in various forms across South America. The most common form that we find it in is a light yellow liquid with an almond-like aroma, although some varieties are also brown or even green colored.
Application Insights:
The global market is segmented by application into household and commercial applications. The household application segment dominated the market in 2017, accounting for over 60% of the overall revenue share. This high share is attributable to growing demand from consumers for cocktails such as mojitos, pina coladas and margaritas at home owing to increasing awareness regarding health benefits associated with rum consumption.
Commercial applications are expected to witness significant growth over the forecast period due to rising use of rum in various food & beverage products including ice creams, cakes, cookies and milkshakes among others. Rising popularity of authentic Latin American cuisine has also been contributing significantly towards increased product demand in commercial applications across countries such as Mexico where a large percentage of population belongs from Latin America along with U.S., Colombia etc., which further boosts product sales at restaurants and bars locally sourced from these regions like Venezuela or Peru etc.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to high demand for rum and cachaca in countries, such as U.S., Canada, and Brazil. The region accounted for a volume share of more than 70% in 2017 owing to large production capacities of key manufacturers coupled with growing consumer preference for aged rums.
Asia Pacific is projected to be one of the fastest-growing regions due to increasing consumption coupled with rising disposable income levels among consumers especially in developing countries like China and India. Furthermore, new companies are acquiring old brands by offering premium products at affordable prices which will drive growth further over next eight years till 2030. ‰â€‰â€‰â€‰â€œ˜˜™™™™°Cahabra & Co.
Growth Factors:
- Increasing demand for premium and artisanal rum and cachaça
- Growing popularity of cocktails that feature rum and cachaça
- Rum and cachaça becoming more popular as ingredients in food dishes
- More people discovering the unique flavor profiles of different types of rum and cachaça
- Rum and cachaça gaining a reputation as quality, artisanal spirits
Scope Of The Report
Report Attributes
Report Details
Report Title
RUM and CACHACA Market Research Report
By Type
RUM, CACHACA
By Application
Household Application, Commercial Application
By Companies
Bacardi, United Spirits, LT Group, Edrington, Bracelo, Contessa, Bacardi
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global RUM and CACHACA Market Report Segments:
The global RUM and CACHACA market is segmented on the basis of:
Types
RUM, CACHACA
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
Household Application, Commercial Application
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:
- Bacardi
- United Spirits
- LT Group
- Edrington
- Bracelo
- Contessa
- Bacardi
Highlights of The RUM and CACHACA 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:
- RUM
- CACHACA
- By Application:
- Household Application
- Commercial Application
- 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 RUM and CACHACA 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
Rum is a distilled alcoholic beverage made from sugarcane juice, molasses, and other flavorings. Cachaca is a Brazilian rum made from sugarcane juice, grape brandy, and spices.
Some of the key players operating in the rum and cachaca market are Bacardi, United Spirits, LT Group, Edrington, Bracelo, Contessa, Bacardi.
The rum and cachaca market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 RUM and CACHACA 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 RUM and CACHACA Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 RUM and CACHACA 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 RUM and CACHACA 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 RUM and CACHACA Market Size & Forecast, 2020-2028
4.5.1 RUM and CACHACA Market Size and Y-o-Y Growth
4.5.2 RUM and CACHACA 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 RUM
5.2.2 CACHACA
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 Household Application
6.2.2 Commercial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RUM and CACHACA 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 RUM and CACHACA 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 RUM
9.6.2 CACHACA
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 Household Application
9.10.2 Commercial Application
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 RUM
10.6.2 CACHACA
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 Household Application
10.10.2 Commercial Application
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 RUM
11.6.2 CACHACA
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 Household Application
11.10.2 Commercial Application
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 RUM
12.6.2 CACHACA
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 Household Application
12.10.2 Commercial Application
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 RUM
13.6.2 CACHACA
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 Household Application
13.10.2 Commercial Application
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 RUM and CACHACA Market: Competitive Dashboard
14.2 Global RUM and CACHACA Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bacardi
14.3.2 United Spirits
14.3.3 LT Group
14.3.4 Edrington
14.3.5 Bracelo
14.3.6 Contessa
14.3.7 Bacardi
