Rum Industry Growth Trends: Market Share, Drivers, and Forecast to 2030
Rum & Spirits Market
Market Estimation & Definition
The Rum Industry was valued at approximately US $18.19 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 5.2 percent between 2024 and 2030, reaching roughly US $25.95 billion by the end of the forecast period. Rum is an alcoholic beverage distilled from sugarcane molasses or juice,...
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