In 2023, rum supplier revenues in the US amounted to an estimated $2.48 billion. The forecast indicates a steady annual increase, reaching $2.61 billion by 2028. The year-on-year growth is approximately 0.79% from 2024 to 2025, maintaining a stable pattern through the period. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is projected at 1.02%, suggesting a modest upward trend.
Future Trends to Watch:
- An increase in premium rum consumption may drive higher revenue growth.
- Innovation and diversification in flavors could attract new consumer segments.
- Potential market expansion through cocktails and mixers.
- The influence of sustainability and ethical sourcing on consumer preferences.