Europe is Expected to Have the Leading Market Share in the Global Craft Rum Market During the Forecast Period
The rising number of product launches and increasing interest of millennial consumers in the authenticity of alcoholic beverages are drawing in new customers and driving the market demand. According to TechSci Research report, “ Craft Rum Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F” , the global craft rum market is expected to grow during the forecast period. The rapid increase in young consumers' demand for craft alcohol such as craft rum, the expansion of craft distilleries around the world, and the thriving pub and disco culture in nations around the world drives the growth of global craft rum market. Another important factor anticipated to support revenue growth of the global craft rum market is the rising endorsement of craft spirits and luxury alcoholic beverages on social media platforms and expanding craft rum availability at bars and pubs. Rising consumption of packaged alcoholic beverages at parties, raves, and social