Reports and Data's Global Spiced Rum Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.

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The global Spiced Rum market size was USD 1.26 billion in 2020 and is expected to register a CAGR of 5.5% during the forecast period. Steady market revenue growth can be attributed to increasing demand for craft spirits, especially among millennial consumers, reopening of pubs worldwide, growing popularity of Spiced Rum and spirits through social media platforms, and increasing number of craft distilleries in countries across the globe. Increasing indulgence in parties and music festivals, rising availability of Spiced Rum at restaurants, bars, and pubs, changing urban lifestyles, and rising disposable income of consumers are other factors contribution significantly to global Spiced Rum market revenue growth.

Major Companies:

 Wicked Dolphin Rum, Drum Circle Distilling, Drum & Black, Burning Barn, Bacardi Limited, Charles Merser & Co., Domaines Ellam, Arizona Craft Beverage, Rockstar Spirits Ltd., Lyon Distilling Company, and Copalli.

The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Spiced Rum is expected to rise in the coming years.

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Type Outlook:

  • Spiced Rum
  • White Rum
  • Coconut Rum
  • Cranberry Rum
  • Coffee Rum
  • Others (Orange Rum, Vanilla Rum, etc.)

Application Outlook:

  • Bars & Pubs
  • Cafes
  • Liquor Shops
  • Retail Stores
  • Online Channels
  • Others

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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Spiced Rum Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Spiced Rum Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Spiced Rum Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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