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Spiced Rum Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Region, And Segment Forecasts, 2025 - 2030- Product Image
Spiced Rum Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Region, And Segment Forecasts, 2025 - 2030- Product Image
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Spiced Rum Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Region, And Segment Forecasts, 2025 - 2030

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  • 80 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 6040971
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Spiced Rum Market Size & Trends

The global spiced rum market size was valued at USD 8.24 billion in 2024 and is projected to grow at a CAGR of 4.4% from 2025 to 2030. The market growth is majorly attributed to shifting consumer preference for premium alcoholic drinks. Factors such as increasing consumption by young urban consumers, growing utilization by commercial users for different formulations of cocktails, and the availability of diverse product portfolios offered by the major market participants are some other drivers propelling market growth.

Spiced rum products are extensively used as a base for cocktails by multiple liquor-serving businesses such as bars, clubs, lounges, and others. Product innovation and novel product launches by the key rum producers in the industry have added growth opportunities for this market. For instance, Captain Morgan Original Spiced Gold and Pepsi Max Premix, a product launched with collective efforts of Diego and PepsiCo, contains vanilla and selected spices infused with rum and sugar-free, low-calorie versions of soft drink products. Growing demand and customer attention from household users and commercial buyers are expected to drive growth in the next few years.

Well-liked spiced rums are often infused with vanilla and cinnamon flavors and delicate hints of other ingredients such as dried fruits, almonds, and more. Molasses from sugarcane, water, and yeast are basic ingredients used in the making of rum. Automation adopted in manufacturing, effective branding strategies, and vast distribution networks are expected to generate a surge in growth for this industry. According to Distilled Spirits Council of the United States, the spiced and flavored rums account for nearly 55.0% of overall sale of rum.

Changing consumer demand for a variety of cocktails, the presence of flavor intricacies facilitated by cinnamon, clove, nutmeg, vanilla, and other ingredients, and the aromatic taste offered by the product are primarily driving the demand for this product. Mixologists and rum enthusiasts frequently use spiced rums to provide interesting cocktails and mixes. Resonance with local palates and the inclusion of numerous spices that belong to different regions also influence the demand experienced by this market.

Global Spiced Rum Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global spiced rum industry report based on product, distribution channel and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Vanilla
  • Fruit
  • Mix
  • Others

Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • On-trade
  • Off-trade

Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Latin America
  • Brazil
  • Middle East
  • South Africa

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Spiced Rum Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Profit Margin Analysis (Industry-level)
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Ingredient Adoption
4.5. Observations & Recommendations
Chapter 5. Spiced Rum Market: Product Estimates & Trend Analysis
5.1. Spiced Rum Market, By Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
5.3.1. Vanilla
5.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.3.2. Fruit
5.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.3.3. Mix
5.3.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.3.4. Other
5.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6. Spiced Rum Market: Distribution Channel Estimates & Trend Analysis
6.1. Spiced Rum Market, By Distribution Channel: Key Takeaways
6.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
6.3.1. On-trade
6.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
6.3.2. Off-trade
6.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 7. Spiced Rum Market: Regional Estimates & Trend Analysis
7.1. Spiced Rum Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
7.3.1. North America
7.3.1.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.1.2. U.S.
7.3.1.2.1. Key Country Dynamics
7.3.1.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.1.3. Canada
7.3.1.3.1. Key Country Dynamics
7.3.1.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.1.4. Mexico
7.3.1.4.1. Key Country Dynamics
7.3.1.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2. Europe
7.3.2.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2.2. Germany
7.3.2.2.1. Key Country Dynamics
7.3.2.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2.3. U.K.
7.3.2.3.1. Key Country Dynamics
7.3.2.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2.4. France
7.3.2.4.1. Key Country Dynamics
7.3.2.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2.5. Italy
7.3.2.5.1. Key Country Dynamics
7.3.2.5.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.2.6. Spain
7.3.2.6.1. Key Country Dynamics
7.3.2.6.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3. Asia Pacific
7.3.3.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3.2. China
7.3.3.2.1. Key Country Dynamics
7.3.3.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3.3. India
7.3.3.3.1. Key Country Dynamics
7.3.3.3.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3.4. South Korea
7.3.3.4.1. Key Country Dynamics
7.3.3.4.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3.5. Japan
7.3.3.5.1. Key Country Dynamics
7.3.3.5.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.3.6. Australia
7.3.3.6.1. Key Country Dynamics
7.3.3.6.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.4. Latin America
7.3.4.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.4.2. Brazil
7.3.4.2.1. Key Country Dynamics
7.3.4.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.5. Middle East
7.3.5.1. Market Estimates And Forecast, 2018 - 2030 (USD Million)
7.3.5.2. South Africa
7.3.5.2.1. Key Country Dynamics
7.3.5.2.2. Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 8. Spiced Rum Market: Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Ingredient Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.9.1. Diageo
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Ingredient Portfolios
8.9.1.4. Strategic Initiatives
8.9.2. Bacardi Limited
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Ingredient Portfolios
8.9.2.4. Strategic Initiatives
8.9.3. Tanduay Distillers
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Ingredient Portfolios
8.9.3.4. Strategic Initiatives
8.9.4. Havana Club (Pernod Ricard)
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Ingredient Portfolios
8.9.4.4. Strategic Initiatives
8.9.5. Maine Craft Distilling
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Ingredient Portfolios
8.9.5.4. Strategic Initiatives
8.9.6. Altitude Spirits
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Ingredient Portfolios
8.9.6.4. Strategic Initiatives
8.9.7. HEAVEN HILL BRANDS
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Ingredient Portfolios
8.9.7.4. Strategic Initiatives
8.9.8. SUNTORY HOLDINGS LIMITED
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Ingredient Portfolios
8.9.8.4. Strategic Initiatives
8.9.9. Don Q Rum (estilería Serrallés, Inc.)
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Ingredient Portfolios
8.9.9.4. Strategic Initiatives
8.9.10. SAZERAC CO, INC.
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Ingredient Portfolios
8.9.10.4. Strategic Initiatives
8.9.11. The Kraken (Proximo Spirits)
8.9.11.1. Company Overview
8.9.11.2. Financial Performance
8.9.11.3. Ingredient Portfolios
8.9.11.4. Strategic Initiatives
List of Tables
Table 1 Spiced rum market: Key market driver analysis
Table 2 Spiced rum market: Key market restraint analysis
Table 3 Global spiced rum market estimates & forecast, by region (USD Million)
Table 4 Global spiced rum market estimates & forecast, by product (USD Million)
Table 5 Global spiced rum market estimates & forecast, by distribution channel (USD Million)
Table 6 North America spiced rum market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 7 North America spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 8 North America spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 9 U.S. macro-economic outlay
Table 10 U.S spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 11 U.S spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 12 Canada macro-economic outlay
Table 13 Canada spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 14 Canada spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 15 Mexico macro-economic outlay
Table 16 Mexico spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 17 Mexico spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 18 Europe spiced rum market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 19 Europe spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 20 Europe spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 21 Germany macro-economic outlay
Table 22 Germany spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 23 Germany spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 24 U.K. macro-economic outlay
Table 25 U.K. spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 26 U.K. spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 27 France macro-economic outlay
Table 28 France spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 29 France spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 30 Italy macro-economic outlay
Table 31 Italy spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 32 Italy spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 33 Spain macro-economic outlay
Table 34 Spain spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 35 Spain spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 36 Asia Pacific spiced rum market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 37 Asia Pacific spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 38 Asia Pacific spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 39 China macro-economic outlay
Table 40 China spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 41 China spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 42 India macro-economic outlay
Table 43 India spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 44 India spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 45 South Korea macro-economic outlay
Table 46 South Korea spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 47 South Korea spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 48 Japan macro-economic outlay
Table 49 Japan spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 50 Australia macro-economic outlay
Table 51 Australia spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 52 Australia spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 53 Latin America spiced rum market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 54 Latin America spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 55 Latin America spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 56 Brazil macro-economic outlay
Table 57 Brazil spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 58 Brazil spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 59 Middle East & Africa spiced rum market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 60 Middle East & Africa spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 61 Middle East & Africa spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 62 South Africa macro-economic outlay
Table 63 South Africa spiced rum market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 64 South Africa spiced rum market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 65 Recent developments & impact analysis, by key market participants
Table 66 Company market share, 2024 (%)
Table 67 Company heat map analysis, 2024
Table 68 Companies implementing key strategies
List of Figures
Fig. 1 Spiced rum market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Global parent industry and spiced rum market size (USD Million)
Fig. 11 Global spiced rum market size, 2018 to 2030 (USD Million)
Fig. 12 Global spiced rum market: Penetration & growth prospect mapping
Fig. 13 Global spiced rum market: Value chain analysis
Fig. 14 Global spiced rum market: Dynamics
Fig. 15 Global spiced rum market: Porter’s five forces analysis
Fig. 16 Global spiced rum market estimates & forecast, by product (USD Million)
Fig. 17 Vanilla spiced rum market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Fruit spiced rum market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Mix spiced rum market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 20 Other spiced rum products market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Global spiced rum market estimates & forecast, by distribution channel (USD Million)
Fig. 22 Spiced rum market estimates & forecast, for on-trade distribution channel 2018 - 2030 (USD Million)
Fig. 23 Spiced rum market estimates & forecast, for off-trade food distribution channel 2018 - 2030 (USD Million)
Fig. 24 Spiced rum market: Regional outlook, 2024 & 2030 (USD Million)
Fig. 25 Regional marketplace: Key takeaways
Fig. 26 North America spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 27 U.S. spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 28 Canada spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 29 Mexico spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 30 Europe spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 31 Germany spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 32 U.K. spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 33 France spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 34 Italy spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 35 Spain spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 36 Asia Pacific spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 37 China spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 38 India spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 39 South Korea spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 40 Japan spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 41 Australia spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 42 Latin America spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 43 Brazil spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 44 Middle East spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 45 South Africa spiced rum market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 46 Key company categorization
Fig. 47 Company market share analysis, 2024
Fig. 48 Strategic framework of spiced rum

Companies Mentioned

  • Diageo
  • Bacardi Limited
  • Tanduay Distillers
  • Havana Club (Pernod Ricard)
  • Maine Craft Distilling
  • Altitude Spirits
  • HEAVEN HILL BRANDS
  • SUNTORY HOLDINGS LIMITED
  • Don Q Rum (estilería Serrallés, Inc.)
  • SAZERAC CO, INC.
  • The Kraken (Proximo Spirits)

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 8.24 billion
Forecasted Market Value ( USD ) by 2030 $ 10.69 billion
Compound Annual Growth Rate4.4%
Regions CoveredGlobal
No. of Companies Mentioned11

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