The report published on global Craft Rum Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Craft Rum Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
Increasing indulgence in parties and music festivals, rising availability of craft rum at restaurants, bars, and pubs, changing urban lifestyles, and rising disposable income of consumers are other factors contribution significantly to global craft rum market revenue growth. Craft rum manufacturers have been experimenting with numerous Flavors and ingredients such as buttery caramel, vanilla pods, smoky licorice, sugary syrups, and tropical fruits, to make their products more appealing to consumers. Moreover, surging demand for premium alcoholic beverages and rising consumption of high-end rum cocktails are expected to further drive market growth. Growing awareness about health benefits of rum such as antimicrobial properties, cancer prevention, and cardiovascular benefits, is expected to further bolster global market growth.
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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 Craft 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:
- Hotels Restaurants
- 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 Craft 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 Craft Rum Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Craft 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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