(Entertainment-NewsWire.com, August 28, 2023 ) As per Maximize Market research, the total global Spiced Rum market was USD 6.8 Bn in 2022 and is expected to grow at a CAGR of 4.5 percent over the forecast period to reach USD 9.25 Bn by 2029.
Spiced Rum Market Report Scope and Research Methodology
The report includes a detailed analysis of the factors affecting the Spiced Rum Market. It covered all the major aspects of the industry with an in-depth study of Spiced Rum key players including new entrants, followers and new entrants. The bottom-up approach was used to estimate the Spiced Rum market size while SWOT analysis was employed to provide the strengths and weaknesses of the market.
The increasing demand for unique and flavored spirits and changing consumer preferences are the main drivers of the global market. One of the main restraints on the market is the regulatory environment surrounding alcohol production and distribution.
Spiced Rum Market Regional Insights
The North America Spiced Rum Market accounted for 35 percent of the global sales in 2022 and is expected to continue its dominance during the forecast period.
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Spirits Market - The market size is expected to reach USD 20.2 billion by 2029 at a CAGR of 4.85 percent during the forecast period.
Non-alcoholic Spirits Market - The market size is expected to reach USD 725.49 Million by 2029 at a CAGR of 4.35 percent during the forecast period.
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