NEW YORK, March 4, 2021 / PRNewswire / – Technavio has been monitoring the rum market and is expected to grow by 150.51 mn L in 2020-2024, going forward at a CAGR of about 2% during the period expectation. The report offers an up-to-date analysis of the current market situation, the latest trends and drivers, and the overall market environment.
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Rum Market by Product, Distribution Channel, and Geography – 2020-2024 Forecast and Analysis
Impact of COVID-19
The COVID-19 pandemic continues to alter the growth of various industries, however, the direct impact of the revolution is mixed. While some businesses report a decline in demand, many others will remain unscathed and show promising growth opportunities. COVID-19 will have a major impact on the rum market.
Frequently Asked Questions:
- What are the key market trends?
Demand for rum cocktails is rising as a key trend driving the market growth.
- At what rate is the market expected to grow?
The market will accelerate at a CAGR of about 2% and the gradual growth of the market is expected at 150.51 mn L.
- Who are the key players in the market?
Asahi Group Holdings Ltd., Bacardi Global Brands Ltd., Davide Campari-Milano Spa, Demerara Distillers Ltd., Diageo Plc, LT Group Inc., Nova Scotia Spirit Company, Pernod Ricard SA, Suntory Holdings Ltd., and William Grant & Sons Ltd., among the key market participants.
- What is the main market driver?
Demand for major types of rum is one of the key drivers of the market.
- How big is the APAC market?
APAC’s share will contribute to 47% of the market share.
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The market is fragmented, and the rate of breakdown will accelerate in the forecast period. Asahi Group Holdings Ltd., Bacardi Global Brands Ltd., Davide Campari-Milano Spa, Demerara Distillers Ltd., Diageo Plc, LT Group Inc., Nova Scotia Spirit Company, Pernod Ricard SA, Suntory Holdings Ltd., and William Grant & Sons Ltd are among the key market partners. The demand for major types of room will provide huge growth opportunities. In an effort to help players strengthen their market, this rum market forecast report provides a detailed analysis of the major vendors of the market. The report also empowers business honchos with information about the competitive landscape and insights into the various product offerings offered by different companies.
Technavio’s routine research reports offer detailed insights into the impact of COVID-19 at the industry, regional, and subsequent supply chain operations. This routine report will help futures keep up with new product launches in COVID-19 direct & indirect related markets, upcoming vaccines and pipeline analysis, and major improvements in vendor operations and regulations. government.
Rum Market 2020-2024: Segmentation
Rum Market is split as below:
- Goods
- Golden and Dark Rum
- White rum
- Spicy rum
- Circulation channel
- Geographical Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Rum Market 2020-2024: Scope
Technavio provides a detailed picture of the market with the method of analysis, synthesis, and sum of data from multiple sources. The rum market a report covering the following areas:
- Rum Market Size
- Rum market trends
- Rum market industry analysis
This study identifies growing demand for rum cocktails as one of the key drivers driving the growth of Rum Market in the next few years.
Technavio proposes three predictive scenarios (optimistic, capable, and pessimistic) considering the effects of COVID-19. Technavio’s in-depth analysis of market research reports has a direct and indirect impact on COVID-19.
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Rum Market 2020-2024: Key highlights
- CAGR of the market in the projected period 2020-2024
- Details of factors that will help grow the rum market in the next five years
- A measure of the size of a rum market and its contribution to the parent market
- Predict future trends and changes in consumer behavior
- Rum market growth is staggering North America, APAC, Europe, South America, and MEA
- Analysis of the competitive market landscape and detailed information on vendors
- Complete details of factors that challenge the growth of rum market vendors
Contents:
PART 01: SUMMARY
PART 02: SCOPE OF REPORT
- 2.1 Introduction
- 2.2 Currency Conversion Rates for US $
PART 03: MARKET LAND
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: INCLUDING
- Market definition
- Market expansion 2019
- Market forecast
- Market size and outlook 2019-2024
PART 05: FIVE ANALYSIS
- Buyers’ bargaining power
- Power of supplier bargaining
- Danger of new entrants
- Agent risk
- Conflict risk
- Market conditions
PART 06: MARKET ROOM WITH PRODUCT
- Market differentiation by product
- Comparison by result
- Gold and dark rum – Market size and outlook 2019-2024
- White rum – Market size and outlook 2019-2024
- Spicy rum – Market size and outlook 2019-2024
- Market opportunity by product
PART 07: MARKET ROOM WITH CHANNEL Distribution
- Separation of market by distribution channel
- Comparison by distribution channel
- On trading – Market size and forecast 2019-2024
- Off-trade – Market size and outlook 2019-2024
- Market opportunity by distribution channel
PART 08: CUSTOMER LAND
PART 09: GEOGRAPHIC HALL
- Geographical separation
- Geographical comparison
- APAC – Market size and outlook 2019-2024
- North America – Market size and outlook 2019-2024
- Europe – Market size and outlook 2019-2024
- South America – Market size and outlook 2019-2024
- MEA – Market size and outlook 2019-2024
- Key advanced countries
- Market opportunity
PART 10: FRAMEWORK DECISION
PART 11: COUNTRY AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET RESULTS
- Rise in inorganic growth
- Rising demand for rum cocktails
- Demand grows from thousands of years
PART 13: VENDOR LAND
- Overview
- Landscape breaking
- Competitive position
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Vendor market position
- Asahi Group Holdings Ltd.
- Bacardi Global Brands Ltd.
- Spa Davide Campari-Milano
- Demerara Distillers Ltd.
- Diageo Plc
- LT Group Inc.
- Nova Scotia Spirit Company
- Pernod Ricard SA
- Suntory Holdings Ltd.
- William Grant & Sons Limited.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- An explanation of the retailer’s market situation
PART 16: TEICNEVIO EXPLORE
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Technavio is a leading global technology research and consulting firm. Their research and analysis focuses on emerging market trends and provides workable insights to help businesses identify market opportunities and develop effective strategies to improve the market situation. more. With more than 500 specialist analysts, Technavio’s report library is comprised of more than 17,000 reports and counts, covering 800 technologies, spanning over 50 countries. Their customer base is made up of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on broad coverage Technavio, extensive research, and workable market insights to identify opportunities in existing and existing markets and to assess the competitive position within changing market conditions.
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