Premium spirits

Premium spirits and the potential of rare rum casks.

The rise of premium spirits has been a significant trend in the global spirits market in recent years. This trend is driven by consumers willing to pay more for high-quality, unique, and rare spirits. Rare rum casks offer a unique value proposition to collectors as they are a finite resource that can naturally appreciate value over time as they age. Premium spirits also provide the potential due to their exclusivity and limited supply.

The global rum market is projected to reach USD 21.9 billion by 2026. The market has multiple segmentation types, but Premium Rum is expected to witness the highest growth rate among all rum categories, with a projected CAGR of 7.1%. The combined premium rum segment is projected to reach USD 9.7 billion by 2026, indicating a significant opportunity for collectors.

Premium spirits are part of a larger collectible market, including rare and aged bottles of Whiskey, Cognac, Tequila, and Rum. According to a report by Knight Frank, the global market for collectible whisky was valued at approximately $8.04 billion in 2020, indicating a growing demand for rare spirits among collectors.

In this context, rare rum casks represent a unique opportunity. By acquiring, aging, and selling rare rum casks, the Rare Spirits Society aims to create value for its community, leveraging strategic partnerships with distilleries to provide access to the rarest and highest quality rum casks.

Value creation through strategic partnerships with distilleries:

Rare Spirits Society can access the rarest and highest quality rum casks by partnering with distilleries that produce high-quality spirits. These partnerships offer the potential for Rare Spirits Society to acquire rare rum casks unavailable to the mass market and offer them to an exclusive member pool. The partnerships can also benefit the distilleries, such as brand exposure and access to new markets.