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Craft Rum Market to Reach US$ 2.5 Billion by 2031, Driven by Rising Demand for Premium Handcrafted Spirits
The global craft rum market is witnessing steady expansion as consumers increasingly seek premium handcrafted alcoholic beverages with authentic flavors and artisanal production methods. Valued at US$ 1.5 billion in 2021, the global craft rum industry is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2031, reaching US$ 2.5 billion by the end of 2031. The market...
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