Craft Rum Market Is Estimated To Reach $2.12 Billion by 2031 – Covid19 Impact

According to a new market research report published by sheer analytics and insights, “The Global Craft Rum Market was valued at $1.2 Billion in 2020. Growing at a high CAGR of more than 5.1% between 2021 and 2031, it is estimated to reach $2.12 Billion by 2031, as per the latest market research report titled Global Craft Rum Market – Industry analysis, size, share, growth, trends, and forecast, 2021-2031.

Get Sample Copy With Covid19 Impact Analysis:

Rum is a type of alcohol made from sugarcane or sugarcane by-products such as sugarcane syrup or molasses. Just like with agave in tequila, this sugar is later distilled into liquid alcohol. The alcohol can be filtered to various strengths but is typically higher than 40 percent alcohol by volume or 80 proof. Much stronger than many sugary liqueurs. When rum is first distilled, it is a clear liquid. The increasing demand for authentic alcoholic beverages among the younger generation drives craft rum and other spirits. These drinks have an original flavor, smooth taste, and high-end quality. In addition to this, magazines and social media are influencing consumers to opt for these premium spirits. Apart from this, the increasing number of product launches in the industry is attracting new consumers and boosting the market over the forecast period.

However, in this current pandemic of COVID-19, the Craft Rum market was affected much. It changes the growth rate graph slightly in the Craft Rum market. But it has been expected that after the pandemic situation, the global Craft Rum market will reach a high position in the graph. Apart from that, the rising of the beverages sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.

Geographically, The Craft Rum Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.   

Browse The Full Reports at

The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Bacardi Limited; Suntory Holdings Limited; Diageo; Maine Craft Distilling, LLC; Charles Merser & Co.; Drum & Black Rum Company; Wicked Dolphin Rum; Domaines Ellam and Arizona Craft Beverage; Rockstar Spirits Ltd.; Belize Spirits Marketing, Inc. Pernod Ricard, Anchor Distilling Company, House Spirits Distillery, Tuthilltown Spirits, and Woodinville Whiskey Co., among others.

The Global Craft Rum Market Has Been Segmented into:

Global Craft Rum Market: By Type

  • White Rum
  • Black Rum
  • Golden Rum
  • Spiced Rum

Global Craft Rum Market: By Application

  • Bottle Stores
  • Bars
  • Online
  • Restaurants
  • Others

Global Craft Rum Market: By Distribution Channel

  • On-trade
  • Off-trade

Global Craft Rum Market: By Region

  • North America
    • USA
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, Middle East & Africa
    • Brazil
    • South Africa
    • UAE
    • Rest of LAMEA

Download Free PDF Sample:

 About Us:

Sheer Analytics and Insights as the firm is created to balance client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness, and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.

Contact us:

Name: Abhigyan Sengupta

(Global Sales Manager)

Ph.: +1-414-240-5010 (U.S.)



Leave a Reply

Your email address will not be published. Required fields are marked *