South America Rum Market Research Report, 2028

The South America Rum Market is anticipated to add more than USD 113 Million from 2023 to 2028 due to significant developments that are influencing consumer preferences.

Featured Companies

  • 1. Sudo Honke
  • 2. Kiku-Masamune Sake Brewing Co. Ltd.
  • 3. Diageo plc
  • 4. Henkell & Co. Sektkellerei
  • 5. D. G. Yuengling & Son
  • 6. Radeberger Gruppe KG
  • More...

South America is a region that boasts a rich and vibrant history in the world of rum. With its tropical climate and fertile sugarcane fields, the continent has become synonymous with the production of this beloved spirit. The South American rum market offers a diverse range of flavors, styles, and brands that cater to both domestic and international consumers. The South American rum market is characterized by its premium offerings, with a focus on high-quality aged rums. Many distilleries in the region have perfected the art of aging rum in oak barrels, resulting in complex and flavorful expressions. These premium rums often appeal to connoisseurs and collectors seeking refined sipping experiences .South American rum producers are increasingly adopting sustainable practices in their production processes. From eco-friendly sourcing of sugarcane to implementing renewable energy solutions and reducing waste, there is a growing emphasis on environmental consciousness in the rum industry. South America has seen a growing trend towards premium and high-quality rums. Consumers are increasingly willing to explore and invest in aged and premium expressions, appreciating the complexity, craftsmanship, and unique flavors that come with them. This trend has led to an increased focus on the production of aged and luxury rums in the region. According to the research report, “South America Rum Market Research Report, 2028” published by Actual Market Research, the market is anticipated to add more than USD 113 Million from 2023 to 2028. Several significant developments that are influencing consumer preferences and market dynamics may be seen in the South American rum sector. With consumers wanting aged and premium rums, premiumization is becoming more and more important. Craft and artisanal products, which highlight distinctive flavors and regional components, are growing in popularity. Eco-friendly practises are being adopted as sustainability and environmental awareness become crucial factors. The investigation of new profiles and infusions is being driven by flavor innovation. The region's thriving cocktail scene, with a focus on classic and contemporary rum-based cocktails, continues to have an impact on the demand for rum. The South American rum market and its course in the future are shaped by these patterns, which reflect customers' changing interests and preferences. Havana Club (Cuba), Ron Del Barrilito (Puerto Rico), Diplomático (Venezuela), Flor de Caña (Nicaragua), Cachaça 51 (Brazil).

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In South America, aged rums are frequently highly respected and favored. Rich flavors, which emerge during the maturing process in oak barrels, are characteristic of aged rums. Customers in South America frequently value the matured rums' smoothness, depth, and complex flavors. Additionally, high-end and luxurious rums have become more well-liked recently, appealing to drinkers looking for expensive and special spirits. While aged rums and high-end options are preferred, it's vital to remember that there is still a market for younger, lighter rums that are suited for combining in cocktails and enjoying in informal situations. In the end, there are many various types of rum that can be enjoyed in South America, each with a different flavor profile and application. There are several different issues covered by government laws on the rum market in South America. Age restrictions on purchasing and consuming alcohol are one of them. Others include licencing and permissions for commercial manufacture and distribution, taxes on alcoholic beverages, and limitations on marketing and promotional techniques. In addition to ensuring compliance with quality, safety, and taxation standards, these restrictions also seek to safeguard consumers and limit overconsumption. However, particular rules can differ between South American nations. For accurate and current information on laws in a specific country, it is advisable to check official government sources or legal professionals. Brazil is one of the largest producers of sugarcane in the world, which is a key ingredient in rum production. The country's abundant sugarcane resources provide a strong foundation for rum production, allowing for a significant domestic supply. Brazil is known for producing a wide range of rum styles, including traditional light and dark rums, as well as unique varieties such as cachaça. Cachaça, a type of Brazilian rum made from fermented sugarcane juice, has gained international recognition and is protected by geographical indication, further enhancing Brazil's significance in the rum market. Brazil has a large and vibrant domestic market for rum. The popularity of cocktails such as caipirinha, which features cachaça as the main ingredient, contributes to the high demand for rum within the country.

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Kripa Shah

Kripa Shah

Senior Analyst

Considered in this report • Geography: South America • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • South America Rum market with its value and forecast along with its segments • Country-wise Rum Market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Brazil • Argentina • Colombia

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Kripa Shah

By Types Rum • White Rum • Light or Gold Rum • Dark Rum • Spiced and Flavored By Nature • Conventional • Organic By Category • Standard • Over proof By Segment • Mass • Premium /Craft Rum By Distribution Channel • On -Trade • Off-Trade The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Rum Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Sudo Honke
  • Kiku-Masamune Sake Brewing Co. Ltd.
  • Diageo plc
  • Henkell & Co. Sektkellerei
  • D. G. Yuengling & Son
  • Radeberger Gruppe KG
  • Sazerac Company, Inc
  • Deep South Distillery
  • Tanduay Distillers

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Rum Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Rum Type
  • 5.4. Market Size and Forecast, By Nature
  • 5.5. Market Size and Forecast, By Category
  • 5.6. Market Size and Forecast, By Segment
  • 5.7. Market Size and Forecast, By Distribution Channel
  • 6. South America Rum Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Rum Type
  • 6.4. Market Size and Forecast, By Nature
  • 6.5. Market Size and Forecast, By Category
  • 6.6. Market Size and Forecast, By Segment
  • 6.7. Market Size and Forecast, By Distribution Channel
  • 6.8. Market Dynamics
  • 6.8.1. Market Drivers & Opportunities
  • 6.8.2. Market Restraints & Challenges
  • 6.8.3. Market Trends
  • 6.8.4. Covid-19 Effect
  • 6.8.5. Supply chain Analysis
  • 6.8.6. Policy & Regulatory Framework
  • 6.8.7. Industry Experts Views
  • 6.9. Brazil Rum Market Outlook
  • 6.9.1. Market Size By Value
  • 6.9.2. Market Size and Forecast By Rum Type
  • 6.9.3. Market Size and Forecast By Nature
  • 6.9.4. Market Size and Forecast By Category
  • 6.9.5. Market Size and Forecast By Segment
  • 6.9.6. Market Size and Forecast By Distribution Channel
  • 6.10. Argentina Rum Market Outlook
  • 6.10.1. Market Size By Value
  • 6.10.2. Market Size and Forecast By Rum Type
  • 6.10.3. Market Size and Forecast By Nature
  • 6.10.4. Market Size and Forecast By Category
  • 6.10.5. Market Size and Forecast By Segment
  • 6.10.6. Market Size and Forecast By Distribution Channel
  • 6.11. Columbia Rum Market Outlook
  • 6.11.1. Market Size By Value
  • 6.11.2. Market Size and Forecast By Rum Type
  • 6.11.3. Market Size and Forecast By Nature
  • 6.11.4. Market Size and Forecast By Category
  • 6.11.5. Market Size and Forecast By Segment
  • 6.11.6. Market Size and Forecast By Distribution Channel
  • 7. Competitive Landscape
  • 7.1. Competitive Dashboard
  • 7.2. Business Strategies Adopted by Key Players
  • 7.3. Key Players Market Positioning Matrix
  • 7.4. Porter's Five Forces
  • 7.5. Company Profile
  • 7.5.1. Diageo plc
  • 7.5.1.1. Company Snapshot
  • 7.5.1.2. Company Overview
  • 7.5.1.3. Financial Highlights
  • 7.5.1.4. Geographic Insights
  • 7.5.1.5. Business Segment & Performance
  • 7.5.1.6. Product Portfolio
  • 7.5.1.7. Key Executives
  • 7.5.1.8. Strategic Moves & Developments
  • 7.5.2. The Edrington Group Ltd.
  • 7.5.3. Brown–Forman Corporation
  • 7.5.4. Davide Campari-Milano N.V.
  • 7.5.5. Bacardi Limited
  • 7.5.6. Pernod Ricard SA
  • 7.5.7. Angostura Holdings Limited
  • 7.5.8. Demerara Distillers Ltd
  • 7.5.9. Matusalem & Company
  • 8. Strategic Recommendations
  • 9. Annexure
  • 9.1. FAQ`s
  • 9.2. Notes
  • 9.3. Related Reports
  • 10. Disclaimer

List of Tables

Table 1: Global Rum Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 6: Global Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 7: Global Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 8: Global Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 9: Global Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 10: South America Rum Market Size and Forecast, By Rum Type (2017 to 2028F) (In USD Billion)
Table 11: South America Rum Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 12: South America Rum Market Size and Forecast, By Category (2017 to 2028F) (In USD Billion)
Table 13: South America Rum Market Size and Forecast, By Segment (2017 to 2028F) (In USD Billion)
Table 14: South America Rum Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 15: Influencing Factors for Global Rum Market, 2022
Table 16: Brazil Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 17: Brazil Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 18: Brazil Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 19: Brazil Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 20: Brazil Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 21: Argentina Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 22: Argentina Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 23: Argentina Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 24: Argentina Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 25: Argentina Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 26: Colombia Rum Market Size and Forecast By Rum Type (2017 to 2028F) (In USD Billion)
Table 27: Colombia Rum Market Size and Forecast By Nature (2017 to 2028F) (In USD Billion)
Table 28: Colombia Rum Market Size and Forecast By Category (2017 to 2028F) (In USD Billion)
Table 29: Colombia Rum Market Size and Forecast By Segment (2017 to 2028F) (In USD Billion)
Table 30: Colombia Rum Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)

List of Figures

Figure 1: Global Rum Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Rum Market Share By Region (2022)
Figure 6: South America Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: South America Rum Market Share By Country (2022)
Figure 8: Brazil Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Argentina Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: Columbia Rum Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2022
Figure 12: Porter's Five Forces of Global Rum Market

Market Research FAQs

The largest consumers of rum in South America are countries such as Brazil, Venezuela, Colombia, and Argentina. These countries have a significant market for rum consumption, with a mix of local and imported rum brands available.

Key trends in the South America rum market include the growing interest in premium and aged rums, the popularity of local rum varieties and traditional production methods, the demand for spiced and flavored rums, and the rise of rum-based cocktails. There is also a focus on cultural heritage and the promotion of South American rum as a unique and distinctive spirit.

The COVID-19 pandemic has had a mixed impact on the South America rum market. The closure of bars, restaurants, and tourism-related establishments initially led to a decline in on-trade sales. However, off-trade sales, including retail and e-commerce channels, saw an increase as consumers shifted towards at-home consumption. The long-term effects on the market will depend on factors such as the pace of recovery, changes in consumer behavior, and government regulations.

The South America rum market includes various major players in the industry. Some of the prominent rum brands and companies operating in the region include Diplomático (Venezuela), Cachaça Leblon (Brazil), Ron Medellín (Colombia), and Ron Pampero (Venezuela). These companies have a significant market presence and offer a range of rum products catering to different consumer preferences.

The growth prospects for the South America rum market can be influenced by factors such as consumer demand, economic conditions, regulatory policies, and competition from other alcoholic beverages. While the market has seen growth in the premium and artisanal rum segments, the demand for unique and traditional rum expressions, and the popularity of rum-based cocktails, it also faces challenges such as economic fluctuations, taxation issues, and competition from other spirits. The ability of rum producers to differentiate their brands, promote sustainable practices, and leverage the cultural heritage of South American rum will play a crucial role in determining the future growth of the market.
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South America Rum Market Research Report, 2028

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