Craft Rum Market

Craft Rum Market (Product Type: Light Rum, Gold Rum, Dark Rum, Rhum Agricole, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Craft Rum Market Outlook 2031

  • The global industry was valued at US$ 1.5 Bn in 2021
  • It is estimated to grow at a CAGR of 5.5% from 2022 to 2031 and reach US$ 2.5 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

Increase in consumption of handcrafted spirits is driving the growth of the global craft rum industry. Gold rum with smooth and dry finish is gaining traction in the market. Black rum is also witnessing high sales, as consumers are increasingly preferring spirits that have been aged for longer durations.

Rise in millennial population is expected to augment market expansion during the forecast period. Millennials mostly prefer craft spirits in flavored or blended forms. Craft rum suppliers are investing significantly in expansion of production capacities and regional presence. They are also introducing products in new flavors and sustainable packaging solutions to broaden their customer base.

Craft Rum Market

Market introduction

Craft rum is a type of spirit that is produced in craft distilleries. It is manufactured on a small scale with more focus on quality. Craft rum is available in various forms such as light, golden, dark/black, and rhum agricole. It is widely sold in hotels, restaurants, pubs, clubs, corporate parties, distillery events, and liquor houses in different packaging sizes.

Most craft rums are produced in pot stills or column stills. Several manufacturers employ a blend of both the methods. Federal laws and standards regulate the production and supply of rum and other alcoholic beverages.

Increase in Consumption of Craft Spirits Augmenting Craft Rum Market Size

Craft distillers are focusing on the production of innovative products using herbs, spices, botanicals, and fruits. They obtain raw materials from family farms with strong experience in sugarcane and fruit production.

Rise in launch of unique products is expected to fuel market expansion during the forecast period. Consumers are increasingly preferring crafted blends and beverages compared to conventional mass spirits. This, in turn, has led to a surge in number of craft distilleries across the globe.

Emerging economies in Asia Pacific and Middle East & Africa such as India, South Africa, and Mauritius have witnessed surge in number of startup craft distilleries post the peak of the COVID-19 pandemic. This is likely to propel the craft rum market development in the next few years.

Rise in Millennial Population

Millennials are major consumers of craft spirits. Rapid growth in population of the affluent younger generation is anticipated to drive market progress during the forecast period. The older generation tends to prefer mass-produced rum. However, millennials are opting for imported premium brands, flavored spirits, and craft spiced rum.

Craft rum holds minimal share of the overall rum industry. However, domestic micro-distilleries are boosting their production volumes to cater to the surge in demand. International manufacturers are collaborating with local micro-distillers to expand their consumer base in new regions. They are launching products in various packaging solutions such as bottles, tanks, kegs, and craft rum boxes. Rise in awareness about the availability of a wide range of styles and flavors of craft rum is further contributing to the craft rum market growth.

Change in Consumption Trend Among Younger Generation

Young adults prefer to consume craft rums with different flavors. Millennials tend to socialize regularly in bars and restaurants, thereby fueling the demand for craft rum in these commercial places. Consumption of beverages produced in micro-distilleries is rising among boomers and the Gen X.

Expansion in tourism and hospitality sectors in emerging economies is likely to drive the demand for craft rum during the forecast period. Increase in disposable income and rise in cases of early retirements have led to a surge in the number of vacations and parties in domestic and international locations. This, in turn, is augmenting the consumption of craft rum and other alcoholic beverages across the globe.

Regional Analysis of Global Craft Rum Market

Growth in tourism and hospitality sectors and increase in adoption of modern lifestyle among the populace are projected to propel the market statistics in Asia Pacific during the forecast period.

The market in North America and Europe is driven by the rise in the number of craft rum market players and surge in consumption of alcohol in the younger generation in countries such as Germany, the U.K., France, Mexico, Canada, and the U.S.

Analysis of Key Players

Detailed profiles of vendors have been provided in the craft rum market report to evaluate their financials, key product offerings, recent developments, and strategies. Most firms are making significant investments in research and development activities to launch new products in the market. They are also adopting partnerships, collaborations, and M&A strategies to enhance their craft rum market share.

Bacardi Limited, Cardinal Spirits LLC, Merser & Co., Muddy River Distillery, Kōloa Rum Company, Lyon Distilling Company LLC, Arizona Craft Beverage, Inc., Stilldistilling Spirits Pvt. Ltd., Devon Rum Company, Wicked Dolphin Rum, 25° South Distillery, Bristol Spirits Ltd., La Hechicera Company, and Burning Barn Rum are major entities operating in this market.

Key Developments

  • In October 2022, Cardinal Spirits LLC launched a limited-edition single barrel of Blackstrap Rum in Indiana, U.S. This rum was aged in its own toasted-oak brandy barrels, which imparted a fruity finish.
  • In 2022, Kōloa Rum Company won several awards, such as the San Francisco World Spirits Competition, TAG Spirit Awards, SIP Awards, and Ultimate Spirits Challenge, for its innovative rum
  • In 2022, Bristol Spirits Ltd. launched nine new lines for the start of autumn 2022

Market Snapshot

Attribute

Detail

Market Size Value in 2021 (Base Year)

US$ 1.5 Bn

Market Forecast Value in 2031

US$ 2.5 Bn

Growth Rate (CAGR)

5.5%

Forecast Period

2022-2031

Quantitative Units

US$ Bn for Value and Thousand Liters for Volume

Market Analysis

Global qualitative analysis includes such as drivers, restraints, opportunities, key trends, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis.

Competition Landscape

  • Market Player – Competition Dashboard and Revenue Share Analysis 2021
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Craft Rum Market Segmentation

  • Product Type
    • Light Rum
      • Flavored & Spiced Rum
      • Non-flavored & Spiced Rum
    •  Gold Rum
      • Flavored & Spiced Rum
      • Non-flavored & Spiced Rum
    • Dark/Black Rum
      • Flavored & Spiced Rum
      • Non-flavored & Spiced Rum
    • Rhum Agricole
    • Others
  • Volume
    • Under 350ml
    • 351ml - 750ml
    • Above 750ml
  • Pricing
    • Mass
    • Premium
  • End-user
    • Individual
    • Commercial
      • Hotels & Restaurants
      • Pubs & Clubs
      • Others
  • Distribution Channel
    • Online
      • Company Websites
      • E-commerce Websites
    • Offline
      • Direct Sales
      • Indirect Sales

Companies Profiled

  • Bacardi Limited
  • Cardinal Spirits LLC
  • Merser & Co.
  • Muddy River Distillery
  • Kōloa Rum Company
  • Lyon Distilling Company LLC
  • Arizona Craft Beverage, Inc.
  • Stilldistilling Spirits Pvt. Ltd.
  • Devon Rum Company
  • Wicked Dolphin Rum
  • 25° South Distillery
  • Bristol Spirits Ltd.
  • La Hechicera Company
  • Burning Barn Rum

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the craft rum market in 2021?

It stood at US$ 1.5 Bn in 2021

How big is the industry expected to be by 2031?

It is expected to reach US$ 2.5 Bn by 2031

How much growth is the craft rum business expecting in terms of CAGR?

It is estimated to grow at a CAGR of 5.5% during 2022-2031

What are the key drivers?

Increase in consumption of craft spirits and rise in millennial population

Which product type segment held the largest share?

The light rum segment held 45.1% share of the industry in 2021

Which region is more attractive for craft rum vendors?

Asia Pacific is a more attractive region for vendors

Who are the prominent players in the craft rum market?

Bacardi Limited, Cardinal Spirits LLC, Merser & Co., Muddy River Distillery, Kōloa Rum Company, Lyon Distilling Company LLC, Arizona Craft Beverage, Inc., Stilldistilling Spirits Pvt. Ltd., Devon Rum Company, Wicked Dolphin Rum, 25° South Distillery, Bristol Spirits Ltd., La Hechicera Company, and Burning Barn Rum

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side Analysis

            5.2.2. Supply Side Analysis

        5.3. Key Market Indicators

            5.3.1. Overall Rum Industry Overview

        5.4. Porter’s Five Forces Analysis

        5.5. Value Chain Analysis

        5.6. Industry SWOT Analysis

        5.7. COVID-19 Impact Analysis

        5.8. Standards & Regulatory Frameworks

        5.9. Ingredients Analysis

        5.10. Global Craft Rum Market Analysis and Forecast, 2017 - 2031

            5.10.1. Market Value Projections (US$ Mn)

            5.10.2. Market Volume Projections (Thousand Liters)

    6. Global Craft Rum Market Analysis and Forecast, By Product Type

        6.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            6.1.1. Light Rum

                6.1.1.1. Flavored & Spiced Rum

                6.1.1.2. Non-flavored & Spiced Rum

            6.1.2. Gold Rum

                6.1.2.1. Flavored & Spiced Rum

                6.1.2.2. Non-flavored & Spiced Rum

            6.1.3. Dark/Black Rum

                6.1.3.1. Flavored & Spiced Rum

                6.1.3.2. Non-flavored & Spiced Rum

            6.1.4. Rhum Agricole

            6.1.5. Others

        6.2. Incremental Opportunity, By Product Type

    7. Global Craft Rum Market Analysis and Forecast, By Volume

        7.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            7.1.1. Under 350 ml

            7.1.2. 351 ml - 750 ml

            7.1.3. Above 750 ml

        7.2. Incremental Opportunity, By Volume

    8. Global Craft Rum Market Analysis and Forecast, By Pricing

        8.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            8.1.1. Mass

            8.1.2. Premium

        8.2. Incremental Opportunity, By Pricing

    9. Global Craft Rum Market Analysis and Forecast, By End-user

        9.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            9.1.1. Individual

            9.1.2. Commercial

                9.1.2.1. Hotels & Restaurants

                9.1.2.2. Pubs & Clubs

                9.1.2.3. Others

        9.2. Incremental Opportunity, By End-user

    10. Global Craft Rum Market Analysis and Forecast, By Distribution Channel

        10.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            10.1.1. Online

                10.1.1.1. Company Websites

                10.1.1.2. E-commerce Websites

            10.1.2. Offline

                10.1.2.1. Direct Sales

                10.1.2.2. Indirect Sales

        10.2. Incremental Opportunity, By Distribution Channel

    11. Global Craft Rum Market Analysis and Forecast, by Region

        11.1. Craft Rum Market Size (US$ Mn and Thousand Liters), By Region, 2017 - 2031

            11.1.1. North America

            11.1.2. Europe

            11.1.3. Asia Pacific

            11.1.4. Middle East & Africa

            11.1.5. South America

        11.2. Incremental Opportunity, By Region

    12. North America Craft Rum Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Price Trend Analysis

            12.2.1. Weighted Average Selling Price (US$)

        12.3. Key Brand Analysis

        12.4. Consumer Buying Behavior Analysis

        12.5. Key Trends Analysis

            12.5.1. Demand Side Analysis

            12.5.2. Supply Side Analysis

        12.6. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            12.6.1. Light Rum

                12.6.1.1. Flavored & Spiced Rum

                12.6.1.2. Non-flavored & Spiced Rum

            12.6.2. Gold Rum

                12.6.2.1. Flavored & Spiced Rum

                12.6.2.2. Non-flavored & Spiced Rum

            12.6.3. Dark/Black Rum

                12.6.3.1. Flavored & Spiced Rum

                12.6.3.2. Non-flavored & Spiced Rum

            12.6.4. Rhum Agricole

            12.6.5. Others

        12.7. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            12.7.1. Under 350 ml

            12.7.2. 351 ml - 750 ml

            12.7.3. Above 750 ml

        12.8. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            12.8.1. Mass

            12.8.2. Premium

        12.9. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            12.9.1. Individual

            12.9.2. Commercial

                12.9.2.1. Hotels & Restaurants

                12.9.2.2. Pubs & Clubs

                12.9.2.3. Others

        12.10. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            12.10.1. Online

                12.10.1.1. Company Websites

                12.10.1.2. E-commerce Websites

            12.10.2. Offline

                12.10.2.1. Direct Sales

                12.10.2.2. Indirect Sales

        12.11. Craft Rum Market Size (US$ Mn and Thousand Liters), By Country, 2017 - 2031

            12.11.1. The U.S.

            12.11.2. Canada

            12.11.3. Rest of North America

        12.12. Incremental Opportunity Analysis

    13. Europe Craft Rum Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Price Trend Analysis

            13.2.1. Weighted Average Selling Price (US$)

        13.3. Key Brand Analysis

        13.4. Consumer Buying Behavior Analysis

        13.5. Key Trends Analysis

            13.5.1. Demand Side Analysis

            13.5.2. Supply Side Analysis

        13.6. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            13.6.1. Light Rum

                13.6.1.1. Flavored & Spiced Rum

                13.6.1.2. Non-flavored & Spiced Rum

            13.6.2. Gold Rum

                13.6.2.1. Flavored & Spiced Rum

                13.6.2.2. Non-flavored & Spiced Rum

            13.6.3. Dark/Black Rum

                13.6.3.1. Flavored & Spiced Rum

                13.6.3.2. Non-flavored & Spiced Rum

            13.6.4. Rhum Agricole

            13.6.5. Others

        13.7. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            13.7.1. Under 350 ml

            13.7.2. 351 ml - 750 ml

            13.7.3. Above 750 ml

        13.8. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            13.8.1. Mass

            13.8.2. Premium

        13.9. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            13.9.1. Individual

            13.9.2. Commercial

                13.9.2.1. Hotels & Restaurants

                13.9.2.2. Pubs & Clubs

                13.9.2.3. Others

        13.10. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            13.10.1. Online

                13.10.1.1. Company Websites

                13.10.1.2. E-commerce Websites

            13.10.2. Offline

                13.10.2.1. Direct Sales

                13.10.2.2. Indirect Sales

        13.11. Craft Rum Market Size (US$ Mn and Thousand Liters), By Country, 2017 - 2031

            13.11.1. The U.K.

            13.11.2. Germany

            13.11.3. France

            13.11.4. Rest of Europe

        13.12. Incremental Opportunity Analysis

    14. Asia Pacific Craft Rum Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Price Trend Analysis

            14.2.1. Weighted Average Selling Price (US$)

        14.3. Key Brand Analysis

        14.4. Consumer Buying Behavior Analysis

        14.5. Key Trends Analysis

            14.5.1. Demand Side Analysis

            14.5.2. Supply Side Analysis

        14.6. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            14.6.1. Light Rum

                14.6.1.1. Flavored & Spiced Rum

                14.6.1.2. Non-flavored & Spiced Rum

            14.6.2. Gold Rum

                14.6.2.1. Flavored & Spiced Rum

                14.6.2.2. Non-flavored & Spiced Rum

            14.6.3. Dark/Black Rum

                14.6.3.1. Flavored & Spiced Rum

                14.6.3.2. Non-flavored & Spiced Rum

            14.6.4. Rhum Agricole

            14.6.5. Others

        14.7. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            14.7.1. Under 350 ml

            14.7.2. 351 ml - 750 ml

            14.7.3. Above 750 ml

        14.8. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            14.8.1. Mass

            14.8.2. Premium

        14.9. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            14.9.1. Individual

            14.9.2. Commercial

                14.9.2.1. Hotels & Restaurants

                14.9.2.2. Pubs & Clubs

                14.9.2.3. Others

        14.10. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            14.10.1. Online

                14.10.1.1. Company Websites

                14.10.1.2. E-commerce Websites

            14.10.2. Offline

                14.10.2.1. Direct Sales

                14.10.2.2. Indirect Sales

        14.11. Craft Rum Market Size (US$ Mn and Thousand Liters), By Country, 2017 - 2031

            14.11.1. China

            14.11.2. India

            14.11.3. Japan

            14.11.4. Rest of Asia Pacific

        14.12. Incremental Opportunity Analysis

    15. Middle East & Africa Craft Rum Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Price Trend Analysis

            15.2.1. Weighted Average Selling Price (US$)

        15.3. Key Brand Analysis

        15.4. Consumer Buying Behavior Analysis

        15.5. Key Trends Analysis

            15.5.1. Demand Side Analysis

            15.5.2. Supply Side Analysis

        15.6. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            15.6.1. Light Rum

                15.6.1.1. Flavored & Spiced Rum

                15.6.1.2. Non-flavored & Spiced Rum

            15.6.2. Gold Rum

                15.6.2.1. Flavored & Spiced Rum

                15.6.2.2. Non-flavored & Spiced Rum

            15.6.3. Dark/Black Rum

                15.6.3.1. Flavored & Spiced Rum

                15.6.3.2. Non-flavored & Spiced Rum

            15.6.4. Rhum Agricole

            15.6.5. Others

        15.7. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            15.7.1. Under 350 ml

            15.7.2. 351 ml - 750 ml

            15.7.3. Above 750 ml

        15.8. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            15.8.1. Mass

            15.8.2. Premium

        15.9. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            15.9.1. Individual

            15.9.2. Commercial

                15.9.2.1. Hotels & Restaurants

                15.9.2.2. Pubs & Clubs

                15.9.2.3. Others

        15.10. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            15.10.1. Online

                15.10.1.1. Company Websites

                15.10.1.2. E-commerce Websites

            15.10.2. Offline

                15.10.2.1. Direct Sales

                15.10.2.2. Indirect Sales

        15.11. Craft Rum Market Size (US$ Mn and Thousand Liters), By Country, 2017 - 2031

            15.11.1. GCC

            15.11.2. South Africa

            15.11.3. Rest of Middle East & Africa

        15.12. Incremental Opportunity Analysis

    16. South America Craft Rum Market Analysis and Forecast

        16.1. Regional Snapshot

        16.2. Price Trend Analysis

            16.2.1. Weighted Average Selling Price (US$)

        16.3. Key Brand Analysis

        16.4. Consumer Buying Behavior Analysis

        16.5. Key Trends Analysis

            16.5.1. Demand Side Analysis

            16.5.2. Supply Side Analysis

        16.6. Craft Rum Market Size (US$ Mn and Thousand Liters), By Product Type, 2017 - 2031

            16.6.1. Light Rum

                16.6.1.1. Flavored & Spiced Rum

                16.6.1.2. Non-flavored & Spiced Rum

            16.6.2. Gold Rum

                16.6.2.1. Flavored & Spiced Rum

                16.6.2.2. Non-flavored & Spiced Rum

            16.6.3. Dark/Black Rum

                16.6.3.1. Flavored & Spiced Rum

                16.6.3.2. Non-flavored & Spiced Rum

            16.6.4. Rhum Agricole

            16.6.5. Others

        16.7. Craft Rum Market Size (US$ Mn and Thousand Liters), By Volume, 2017 - 2031

            16.7.1. Under 350 ml

            16.7.2. 351 ml - 750 ml

            16.7.3. Above 750 ml

        16.8. Craft Rum Market Size (US$ Mn and Thousand Liters), By Pricing, 2017 - 2031

            16.8.1. Mass

            16.8.2. Premium

        16.9. Craft Rum Market Size (US$ Mn and Thousand Liters), By End-user, 2017 - 2031

            16.9.1. Individual

            16.9.2. Commercial

                16.9.2.1. Hotels & Restaurants

                16.9.2.2. Pubs & Clubs

                16.9.2.3. Others

        16.10. Craft Rum Market Size (US$ Mn and Thousand Liters), By Distribution Channel, 2017 - 2031

            16.10.1. Online

                16.10.1.1. Company Websites

                16.10.1.2. E-commerce Websites

            16.10.2. Offline

                16.10.2.1. Direct Sales

                16.10.2.2. Indirect Sales

        16.11. Craft Rum Market Size (US$ Mn and Thousand Liters), By Country, 2017 - 2031

            16.11.1. Brazil

            16.11.2. Rest of South America

        16.12. Incremental Opportunity Analysis

    17. Competition Landscape

        17.1. Market Player – Competition Dashboard

        17.2. Market Share Analysis (%), 2021

        17.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Financial/Revenue, Strategy & Business Overview, Sales Channel Analysis, Size Portfolio)

            17.3.1. Bacardi Limited

                17.3.1.1. Company Overview

                17.3.1.2. Sales Area/Geographical Presence

                17.3.1.3. Financial/Revenue

                17.3.1.4. Strategy & Business Overview

                17.3.1.5. Sales Channel Analysis

                17.3.1.6. Size Portfolio

            17.3.2. Burning Barn Rum

                17.3.2.1. Company Overview

                17.3.2.2. Sales Area/Geographical Presence

                17.3.2.3. Financial/Revenue

                17.3.2.4. Strategy & Business Overview

                17.3.2.5. Sales Channel Analysis

                17.3.2.6. Size Portfolio

            17.3.3. Cardinal Spirits LLC

                17.3.3.1. Company Overview

                17.3.3.2. Sales Area/Geographical Presence

                17.3.3.3. Financial/Revenue

                17.3.3.4. Strategy & Business Overview

                17.3.3.5. Sales Channel Analysis

                17.3.3.6. Size Portfolio

            17.3.4. Merser & Co.

                17.3.4.1. Company Overview

                17.3.4.2. Sales Area/Geographical Presence

                17.3.4.3. Financial/Revenue

                17.3.4.4. Strategy & Business Overview

                17.3.4.5. Sales Channel Analysis

                17.3.4.6. Size Portfolio

            17.3.5. Muddy River Distillery

                17.3.5.1. Company Overview

                17.3.5.2. Sales Area/Geographical Presence

                17.3.5.3. Financial/Revenue

                17.3.5.4. Strategy & Business Overview

                17.3.5.5. Sales Channel Analysis

                17.3.5.6. Size Portfolio

            17.3.6. Koloa Rum Corp.

                17.3.6.1. Company Overview

                17.3.6.2. Sales Area/Geographical Presence

                17.3.6.3. Financial/Revenue

                17.3.6.4. Strategy & Business Overview

                17.3.6.5. Sales Channel Analysis

                17.3.6.6. Size Portfolio

            17.3.7. Lyon Distilling Company LLC

                17.3.7.1. Company Overview

                17.3.7.2. Sales Area/Geographical Presence

                17.3.7.3. Financial/Revenue

                17.3.7.4. Strategy & Business Overview

                17.3.7.5. Sales Channel Analysis

                17.3.7.6. Size Portfolio

            17.3.8. Wicked Dolphin Rum

                17.3.8.1. Company Overview

                17.3.8.2. Sales Area/Geographical Presence

                17.3.8.3. Financial/Revenue

                17.3.8.4. Strategy & Business Overview

                17.3.8.5. Sales Channel Analysis

                17.3.8.6. Size Portfolio

            17.3.9. Arizona Craft Beverage, Inc.

                17.3.9.1. Company Overview

                17.3.9.2. Sales Area/Geographical Presence

                17.3.9.3. Financial/Revenue

                17.3.9.4. Strategy & Business Overview

                17.3.9.5. Sales Channel Analysis

                17.3.9.6. Size Portfolio

            17.3.10. Stilldistilling Spirits Pvt. Ltd.

                17.3.10.1. Company Overview

                17.3.10.2. Sales Area/Geographical Presence

                17.3.10.3. Financial/Revenue

                17.3.10.4. Strategy & Business Overview

                17.3.10.5. Sales Channel Analysis

                17.3.10.6. Size Portfolio

            17.3.11. 25° South Distillery

                17.3.11.1. Company Overview

                17.3.11.2. Sales Area/Geographical Presence

                17.3.11.3. Financial/Revenue

                17.3.11.4. Strategy & Business Overview

                17.3.11.5. Sales Channel Analysis

                17.3.11.6. Size Portfolio

            17.3.12. Bristol Spirits Ltd.

                17.3.12.1. Company Overview

                17.3.12.2. Sales Area/Geographical Presence

                17.3.12.3. Financial/Revenue

                17.3.12.4. Strategy & Business Overview

                17.3.12.5. Sales Channel Analysis

                17.3.12.6. Size Portfolio

            17.3.13. La Hechicera Company

                17.3.13.1. Company Overview

                17.3.13.2. Sales Area/Geographical Presence

                17.3.13.3. Financial/Revenue

                17.3.13.4. Strategy & Business Overview

                17.3.13.5. Sales Channel Analysis

                17.3.13.6. Size Portfolio

            17.3.14. Devon Rum Company

                17.3.14.1. Company Overview

                17.3.14.2. Sales Area/Geographical Presence

                17.3.14.3. Financial/Revenue

                17.3.14.4. Strategy & Business Overview

                17.3.14.5. Sales Channel Analysis

                17.3.14.6. Size Portfolio

    18. Key Takeaway

        18.1. Identification of Potential Market Spaces

            18.1.1. Product Type

            18.1.2. Volume

            18.1.3. Pricing

            18.1.4. End-user

            18.1.5. Distribution Channel

            18.1.6. Region

        18.2. Understanding the Buying Behavior of the Buyers

        18.3. Preferred Sales & Marketing Strategy

        18.4. Prevailing Market Risk & Challenges

    List of Tables

    Table 1: Global Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 2: Global Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 3: Global Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 4: Global Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 5: Global Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 6: Global Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 7: Global Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 8: Global Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 9: Global Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 10: Global Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 11: Global Craft Rum Market Volume Size & Forecast – By Region (Thousand Liters)

    Table 12: Global Craft Rum Market Value Size & Forecast – By Region (US$ Mn)

    Table 13: North America Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 14: North America Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 15: North America Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 16: North America Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 17: North America Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 18: North America Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 19: North America Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 20: North America Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 21: North America Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 22: North America Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 23: North America Craft Rum Market Volume Size & Forecast – By Country (Thousand Liters)

    Table 24: North America Craft Rum Market Value Size & Forecast – By Country (US$ Mn)

    Table 25: Europe Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 26: Europe Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 27: Europe Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 28: Europe Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 29: Europe Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 30: Europe Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 31: Europe Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 32: Europe Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 33: Europe Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 34: Europe Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 35: Europe Craft Rum Market Volume Size & Forecast – By Country (Thousand Liters)

    Table 36: Europe Craft Rum Market Value Size & Forecast – By Country (US$ Mn)

    Table 37: Asia Pacific Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 38: Asia Pacific Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 39: Asia Pacific Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 40: Asia Pacific Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 41: Asia Pacific Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 42: Asia Pacific Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 43: Asia Pacific Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 44: Asia Pacific Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 45: Asia Pacific Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 46: Asia Pacific Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 47: Asia Pacific Craft Rum Market Volume Size & Forecast – By Country (Thousand Liters)

    Table 48: Asia Pacific Craft Rum Market Value Size & Forecast – By Country (US$ Mn)

    Table 49: Middle East & Africa Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 50: Middle East & Africa Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 51: Middle East & Africa Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 52: Middle East & Africa Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 53: Middle East & Africa Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 54: Middle East & Africa Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 55: Middle East & Africa Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 56: Middle East & Africa Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 57: Middle East & Africa Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 58: Middle East & Africa Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 59: Middle East & Africa Craft Rum Market Volume Size & Forecast – By Country (Thousand Liters)

    Table 60: Middle East & Africa Craft Rum Market Value Size & Forecast – By Country (US$ Mn)

    Table 61: South America Craft Rum Market Volume Size & Forecast – By Product Type (Thousand Liters)

    Table 62: South America Craft Rum Market Value Size & Forecast – By Product Type (US$ Mn)

    Table 63: South America Craft Rum Market Volume Size & Forecast – By Volume (Thousand Liters)

    Table 64: South America Craft Rum Market Value Size & Forecast – By Volume (US$ Mn)

    Table 65: South America Craft Rum Market Volume Size & Forecast – By Pricing (Thousand Liters)

    Table 66: South America Craft Rum Market Value Size & Forecast – By Pricing (US$ Mn)

    Table 67: South America Craft Rum Market Volume Size & Forecast – By End-user (Thousand Liters)

    Table 68: South America Craft Rum Market Value Size & Forecast – By End-user (US$ Mn)

    Table 69: South America Craft Rum Market Volume Size & Forecast – By Distribution Channel (Thousand Liters)

    Table 70: South America Craft Rum Market Value Size & Forecast – By Distribution Channel (US$ Mn)

    Table 71: South America Craft Rum Market Volume Size & Forecast – By Country (Thousand Liters)

    Table 72: South America Craft Rum Market Value Size & Forecast – By Country (US$ Mn)

    List of Figures

    Figure 1: Global Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 2: Global Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 3: Global Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 4: Global Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 5: Global Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 6: Global Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 7: Global Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 8: Global Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 9: Global Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 10: Global Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 11: Global Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 12: Global Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 13: Global Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 14: Global Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 15: Global Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 16: Global Craft Rum Market Projections by Region, Thousand Liters, 2017-2031

    Figure 17: Global Craft Rum Market Projections by Region, US$ Mn, 2017-2031

    Figure 18: Global Craft Rum Market, Incremental Opportunity, by Region, US$ Mn

    Figure 19: North America Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 20: North America Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 21: North America Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 22: North America Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 23: North America Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 24: North America Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 25: North America Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 26: North America Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 27: North America Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 28: North America Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 29: North America Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 30: North America Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 31: North America Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 32: North America Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 33: North America Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 34: North America Craft Rum Market Projections by Country, Thousand Liters, 2017-2031

    Figure 35: North America Craft Rum Market Projections by Country, US$ Mn, 2017-2031

    Figure 36: North America Craft Rum Market, Incremental Opportunity, by Country, US$ Mn

    Figure 37: Europe Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 38: Europe Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 39: Europe Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 40: Europe Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 41: Europe Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 42: Europe Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 43: Europe Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 44: Europe Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 45: Europe Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 46: Europe Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 47: Europe Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 48: Europe Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 49: Europe Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 50: Europe Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 51: Europe Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 52: Europe Craft Rum Market Projections by Country, Thousand Liters, 2017-2031

    Figure 53: Europe Craft Rum Market Projections by Country, US$ Mn, 2017-2031

    Figure 54: Europe Craft Rum Market, Incremental Opportunity, by Country, US$ Mn

    Figure 55: Asia Pacific Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 56: Asia Pacific Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 57: Asia Pacific Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 58: Asia Pacific Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 59: Asia Pacific Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 60: Asia Pacific Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 61: Asia Pacific Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 62: Asia Pacific Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 63: Asia Pacific Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 64: Asia Pacific Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 65: Asia Pacific Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 66: Asia Pacific Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 67: Asia Pacific Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 68: Asia Pacific Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 69: Asia Pacific Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 70: Asia Pacific Craft Rum Market Projections by Country, Thousand Liters, 2017-2031

    Figure 71: Asia Pacific Craft Rum Market Projections by Country, US$ Mn, 2017-2031

    Figure 72: Asia Pacific Craft Rum Market, Incremental Opportunity, by Country, US$ Mn

    Figure 73: Middle East & Africa Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 74: Middle East & Africa Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 75: Middle East & Africa Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 76: Middle East & Africa Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 77: Middle East & Africa Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 78: Middle East & Africa Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 79: Middle East & Africa Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 80: Middle East & Africa Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 81: Middle East & Africa Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 82: Middle East & Africa Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 83: Middle East & Africa Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 84: Middle East & Africa Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 85: Middle East & Africa Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 86: Middle East & Africa Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 87: Middle East & Africa Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 88: Middle East & Africa Craft Rum Market Projections by Country, Thousand Liters, 2017-2031

    Figure 89: Middle East & Africa Craft Rum Market Projections by Country, US$ Mn, 2017-2031

    Figure 90: Middle East & Africa Craft Rum Market, Incremental Opportunity, by Country, US$ Mn

    Figure 91: South America Craft Rum Market Projections by Product Type, Thousand Liters, 2017-2031

    Figure 92: South America Craft Rum Market Projections by Product Type, US$ Mn, 2017-2031

    Figure 93: South America Craft Rum Market, Incremental Opportunity, by Product Type, US$ Mn

    Figure 94: South America Craft Rum Market Projections by Volume, Thousand Liters, 2017-2031

    Figure 95: South America Craft Rum Market Projections by Volume, US$ Mn, 2017-2031

    Figure 96: South America Craft Rum Market, Incremental Opportunity, US$ Mn, 2017-2031

    Figure 97: South America Craft Rum Market Projections by Pricing, Thousand Liters, 2017-2031

    Figure 98: South America Craft Rum Market Projections by Pricing, US$ Mn, 2017-2031

    Figure 99: South America Craft Rum Market, Incremental Opportunity, by Pricing, US$ Mn

    Figure 100: South America Craft Rum Market Projections by End-user, Thousand Liters, 2017-2031

    Figure 101: South America Craft Rum Market Projections by End-user, US$ Mn, 2017-2031

    Figure 102: South America Craft Rum Market, Incremental Opportunity, by End-user, US$ Mn

    Figure 103: South America Craft Rum Market Projections by Distribution Channel, Thousand Liters, 2017-2031

    Figure 104: South America Craft Rum Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 105: South America Craft Rum Market, Incremental Opportunity, by Distribution Channel, US$ Mn

    Figure 106: South America Craft Rum Market Projections by Country, Thousand Liters, 2017-2031

    Figure 107: South America Craft Rum Market Projections by Country, US$ Mn, 2017-2031

    Figure 108: South America Craft Rum Market, Incremental Opportunity, by Country, US$ Mn

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