Rum and Cachaça Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the rum and cachaça market will expand from USD 38,380.237 million in 2025 to USD 50,288.465 million in 2030 at a CAGR of 5.55% during the forecast period.

Rum and cachaça are examples of alcoholic drinks, made from blending and promoting cane juice. The main difference between them is that rum is made from refined and boiled cane juice, and cachaça is made from fermented and distilled sugarcane juice. The rising alcohol consumption in the global market is one of the key drivers fueling the growth of the global rum and cachaça market during the forecast period.

One of the factors driving growth in the global rum and cachaça market is the increased demand for the food service sector, and especially restaurants, bars, and cafes around the world. The rise in global consumption of alcoholic beverages will also support growth throughout the forecast period.

Rum and Cachaça Market Report Highlights

• Flavored rum is expected to be the highest growing segment because of increased consumer demand for new and unique flavor profiles, such as coconut, mango, pineapple, and coffee. Younger consumers, especially millennials and Gen Z, are increasingly interested in flavored spirits that afford them the chance to mix them in cocktails as well as increasing access to premiumization and experimentation trends in alcohol. The flavored rum segment also benefits from seasonal launches, limited editions & endorsements from global liquor brands, which helps spread the flavor and produce growth in international markets.
• Beverages dominate and continue to grow the fastest because rum and cachaça are the focus in cocktails including cocktails like Mojitos, Daiquiris, Caipirinhas, and Piña Coladas. With the increasing growth of cocktail culture, premium bars are continuing to grow with the night-time economy in urban areas around the globe. This means that beverage-oriented businesses are seeing increased demand. Nevertheless, food industry applications are growing, but we consider this a niche market focused on confectionery and gourmet recipes.
• The on-trade channel is the fastest growing channel, including bars, pubs, lounges, and restaurants. Social drinking is now widely acceptable; cocktail culture is growing globally, in more developed and developing economies and consumers have increased interest in premium and craft rums through experimentation. The on-trade has been enjoying a momentum boost from the post-COVID recovery in hospitality and tourism, mostly relative to off-trade retail sales.
• The Asia-Pacific market is predicted to be the fastest-growing market for rum and cachaça. As disposable income rises, urbanization takes place, and the middle class continues to grow, there will be an increase in demand for premium and flavored alcoholic beverages in countries such as India, China, the Philippines, and Thailand. The younger demographic is always looking for cocktails and flavored spirits, especially with nightlife and cultures continuing to expand, bar and restaurant outlets continuing to rise.

Report Coverage:

Rum and Cachaça Market Growth Drivers and Restraints

Growth Drivers:

• Growing Food Service Production Worldwide: The growing demand for the food service industry worldwide is the primary driver of the rum and cachaça market’s global demand over the projected period. Businesses that serve food and beverages to customers, such as cafes, restaurants, and hotels, are included in the food service industry. Global tourism and rising disposable income were the main drivers of the food service industry’s notable expansion.
• The Expansion of the Beverage Industry: The beverage industry has seen a surge in demand for rum and cachaça in recent years due to shifting consumer tastes, cultural influences, and the spirits’ versatility. Additionally, this spirit can appeal to a wide range of palates and budgets, from those on a tight budget to those who enjoy pricey aged spirits.

Restraints:

• Strict Taxation and Regulations: High excise taxes, strict labeling regulations, and prohibitions on alcohol advertising are enforced by governments in numerous regions. These rules restrict marketing flexibility and raise compliance costs for manufacturers, especially in emerging markets where governments are enforcing stricter laws regarding alcohol consumption.
• Health Issues: Growth is being restrained by consumers’ growing health consciousness because alcohol is frequently associated with lifestyle diseases and adverse health effects. Certain markets have seen a decline in per capita alcohol consumption because of the growing popularity of low-alcohol beverages, non-alcoholic alternatives, and wellness-oriented lifestyles.

Rum and Cachaça Market Key Development

• Product Launch: In March 2025, Wray’s 43, a new white Jamaican rum that is only available in the UK and has an ABV of 43%, was introduced by Wray & Nephew. The goal of this launch is to capitalize on consumers’ growing desire for tasty, mixable spirits. A blend of unaged Jamaican white rums, this limited-edition rum entices the palate with flavors of molasses, charred pineapple, and rich fruits.
• Collaboration: In September 2024, The Coca-Cola Company and Bacardi collaborate, the goal of this partnership was to introduce a ready-to-drink (RTD) cocktail that combined Coca-Cola and BACARDÍ rum. Launches will first take place in a few European nations and Mexico in 2025, providing a strategic entry point into the rapidly expanding RTD market.

Rum and Cachaça Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Rum and Cachaça Market based on product type, application, distribution channel, and region:

Rum and Cachaça Market, By Product Type

• White Rum
• Dark Rum
• Spiced Rum
• Flavored Rum
• Cachaça

Rum and Cachaça Market, By Application

• Beverages
• Food Industry

Rum and Cachaça Market, By Distribution Channel

• On-trade (Bars and Restaurants)
• Off-Trade (Retail)

Rum and Cachaça Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Israel
  • Others

Rum and Cachaça Market Key Players

• BACARDI
• Santa Teresa 1796
• Rhum Barbancourt
• Tanduay Distillers, Inc.
• COMPANHIA MÜLLER DE BEBIDAS
• Captain Morgan (Diageo)
• KYNDAL GROUP
• Vinbros and Co.
• Amrut Distilleries Private Limited
• Camikara (Piccadily Distilleries)
• Radico Khaitan
• The Real McCoy Rum

Testing Equipment and Services Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the testing equipment and services market will expand from USD 30.107 billion in 2025 to USD 39.135 billion in 2030 at a CAGR of 5.39% during the forecast period.

The need for regulatory strictness and compliance for valued inspection and testing services and equipment is one of the major drivers of the global market for testing and equipment. Moreover, penalties placed on firms that do not conform to agreeable guidelines or regulations by government organizations helps prevent any mishap from happening to consumers on account of an inferior or poorly made product. For instance, the balancing act between testing, manufacturing, and importation of a product is ensured by the federal law of the U.S., who ensures that manufacturers and importers test all consumer products to ensure compliance with the minimum requirements about consumer product safety and for certification of the product to be certified.

Different countries or regions have laws that compel producers to produce their products in accordance with stated regulations and guidelines while using all the required testing equipment and services. This is exciting for the global testing equipment and services market since there are many companies that belong to various end-users that were making a booming demand for testing equipment and services in their quest to ensure that their product is of premium and utmost quality so it lasts longer and meets the demand of the consumer.

Testing Equipment and Services Market Report Highlights

• In the global testing equipment and services market, the services segment will continue to grow the quickest. The rapid growth is being driven by increases in specialized testing, calibration, certification, and maintenance services in many industries. Companies are continuing to outsource testing to third-party service providers to comply with global safety and quality requirements, reduce operational costs, and provide access to greater expertise. Furthermore, the increasing trend of predictive maintenance and digital testing solutions is rapidly driving growth of the services segment.
• The rise in electric vehicles, autonomous driving technologies, and connected car systems is driving demand for sophisticated battery testing, ADAS testing, EMC testing, and software validation, is expected to grow the fastest in the testing equipment and service market. Motor vehicle manufacturers and suppliers are innovating rapidly due to the increasing demand for safety standards and performance which creates a higher demand for aftermarket testing. In the automotive industry, manufacturers and suppliers need accurate testing to enhance safety and product compliance, which is why the market is rapidly growing.
• APAC is set to be the fastest-growing market for testing equipment and services. Quick industrialization, urbanization, and growing industries, including automobile, aerospace, consumer electronics, and energy, are serving as key potential factors contributing to the growth of the advanced testing market in this region. Tremendous production and R&D facilities being set up for exports in countries such as China, India, South Korea, and Japan also require extensive testing to ensure that products are held to the stringent standards of these highly regulated markets.

Report Coverage:

Testing Equipment and Services Market Growth Drivers and Restraints

Growth Drivers:

• Increasing Consumer Electronics: The consumer electronics industry is expected to hold a significant market share during the forecasted period. The major driving force in this market has been a higher disposable income among consumers and, thus, their ability to purchase general operating consumer electronics devices.
• Rising Investment and Product Innovation: Demand for advanced testing equipment derives from an increase in R&D investments in electronics, telecommunications, and automotive. Increasingly stringent regulations and quality standards across many industries also fuel the uptake of testing equipment and services to enhance safety standards.

Restraints:

• Increasing Obsolescence of Technology: The testing sector is very dynamic, with ongoing developments in digital twins, automation, IoT, and AI-driven testing. Existing equipment may become outdated quickly due to the quick speed of innovation, forcing businesses to make frequent investments. The fear of rapid obsolescence and low return on investment (ROI) makes many businesses hesitant to adopt new testing solutions, particularly in emerging markets.
• Regulatory Complexity and Compliance Challenges: Providers of testing services and equipment are subject to strict, frequently region-specific safety requirements, certifications, and regulations. The complexity and expense of testing procedures are raised by the frequent modifications to compliance standards in sectors like aerospace, automotive, and healthcare.

Testing Equipment and Services Market Key Development

• Product Launch: In July 2025, for testing high-voltage EV batteries, Axiometrix Solutions introduced the CANSASflex HISO-T-8-2L, a high-isolation CAN-Bus temperature measurement module. With its eight thermocouple channels, cable-free click-in design, and isolation of up to 1400 Vdc, it provides accurate, secure, and rack-ready integration for cutting-edge e-mobility research and development.
• Product Launch: In February 2024, The E7515W UXM Wireless Connectivity Test Platform for Wi-Fi was unveiled by Keysight Technologies. To cover new use cases on the most recent IEEE 802.11be standards, this network emulation solution mimics Wi-Fi devices and traffic. Time-to-market for Wi-Fi 7 devices, which will make up the next generation of Wi-Fi wireless communications technology, is accelerated by this combination of features for quicker test setups, less complexity, and enhanced performance.

Testing Equipment and Services Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Testing Equipment and Services Market based on offering, end-user, and region:

Testing Equipment and Services Market, By Offering

• Equipment
• Services

Testing Equipment and Services Market, By End-User Industry

• Aerospace
• Automotive
• Consumer Electronics
• Energy and Power
• Construction
• Others

Testing Equipment and Services Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Israel
  • Others

Testing Equipment and Services Market Key Players

• MTS Systems Corporation
• National Instruments
• ATA Engineering, Inc.
• SGS SA
• Brüel & Kjær
• OROS
• ATESTEO GmbH & Co. KG
• ETI Precision
• BAMR (Pty) Ltd
• Fortive

Biohazard Bags Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the biohazard bags market will expand from USD 616.256 million in 2025 to USD 787.964 million in 2030 at a CAGR of 5.04% during the forecast period.

The biohazard bags market is expected to grow in the forecast period with the rising global patient population and several diseases, including cardiac, infectious, and many more. The market is driven by a growing number of hospital beds with an improved healthcare facility, increasing global elderly population and health expenditure and growing awareness regarding medical waste management.

The market is witnessing growing interest in eco-friendly and innovative packaging, with demand rising for biodegradable and compostable biohazard bags, as well as smart-enabled solutions such as RFID-tracked bags that enhance waste monitoring and compliance. Beyond biodegradable, manufacturers are looking into plant-based polymers and recyclable plastics. Automation-friendly designs, color-coded bags and integration of microbial coatings are other major trends.

Biohazard Bags Market Report Highlights

• The market is driven by demand for effective waste management in healthcare settings, whose demand is rising due to growing patient volume, need for efficient management and growing regulations.
• Effective measures for ensuring safe and eco-friendly management of medical wastes will prevent untoward health and environmental impacts from such contaminated wastes, including the harmful release of chemicals or biological hazards, and are one of the key and major drivers for the market growth.
• The market is trending towards eco-friendly and innovative packaging, smart-enabled solutions, plant-based polymers and recyclable plastics, automation-friendly designs, color-coded bags and integration of microbial coatings.
• The market is prospecting for significant investment in efficient waste management in a healthcare setting.
• The North American region is estimated to hold a significant market share with advanced medical facilities, a high rate of coronavirus infection cases, and a high prevalence of chronic diseases requiring hospitalization.
• The Asia Pacific region is projected to show high growth prospects due to the high prevalence of the geriatric population, requiring better healthcare facilities to treat their age-associated diseases.

Report Coverage:

Biohazard Bags Market Drivers and Restraints

Growth Drivers:

• Rising healthcare demand & Waste: The increasing patient population, with the rise in chronic diseases such as cancer and heart diseases, along with the rise in geriatric population’s health needs is driving the healthcare waste. Increased infectious diseases, patient volumes, and waste from hospitals and labs necessitate the need for secure disposal solutions.
• Demand for healthcare waste management: There has been a rise in awareness about the benefits of proper waste management in recent years. This is particularly noticeable in hospitals’ pharmaceutical industries, clinical trial organizations, and diagnostic centers. This drives the demand for biohazard bags for the disposal of sharps, surgical tools, and other contaminated metal items.

Restraints:

• High Disposal Cost: One of the key restraints faced by the market is the high treatment cost of biohazard bags. This discourages its adoption, particularly by the smaller clinics, labs and others, due to affordability issues as well as regulations documentation.

Biohazard Bags Market Segmentation

Knowledge Sourcing Intelligence has segmented the Biohazard Bags Market based on biohazardous waste type, end-use application, and region:

Biohazard Bags Market, By Biohazardous Waste Type

• Solid Biohazardous Waste
• Liquid Biohazardous Waste
• Sharp Biohazardous Waste
• Pathological Biohazardous Waste

Biohazard Bags Market, By End-Use Applications

• Hospitals
• Clinics
• Diagnostic Centers
• Pharma/Medical Research Laboratories

Biohazard Bags Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Biohazard Bags Market Key Players

• Thermo Fisher Scientific
• Bel-Art Products
• International Plastics Inc.
• Cole-Parmer Instrument Company, LLC.
• Medegen Medical Products
• Tufpak, Inc.
• Capitol Scientific, Inc.
• Abdos Life Science
• Tilak Polypack
• Desco Medical

Potato Chips Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the potato chips market will expand from USD 45.757 billion in 2025 to USD 55.072 billion in 2030 at a CAGR of 3.78% during the forecast period.

The potato chips market is projected to grow steadily, driven by high global demand for snack foods. Potato chips, available in organic, conventional, baked, fried, plain, and flavored varieties, are popular due to their convenience and appeal as healthy snacking options. The expanding food and beverage industry, coupled with rising consumer demand, encourages manufacturers to innovate and diversify potato chip offerings.

Additionally, the expanding consumption of beverages like tea, coffee, alcohol, and beer, with potato chips serving as a preferred accompaniment, is also driving the market. Further, increasing disposable income and family income globally boost purchasing power, enabling consumers to spend on premium snacks.

Potato Chips Market Report Highlights

• There is a growing consumer preference for quick, portable potato chips drives market expansion globally.
• There is increasing adoption of baked and organic potato chips due to rising health awareness.
• The Asia-Pacific region is going through rapid growth, driven by rapid urbanization and rising disposable incomes, boosting potato chip consumption in the region.
• The market is increasingly trending towards flavored potato chips, fueled by diverse taste profiles and beverage pairings.
• Health-conscious consumers are shifting toward baked and organic chips, which have fewer calories.
• The growing food and beverage industry, along with innovative flavors and online distribution channels, are additional factors further propelling the market, despite challenges like fluctuating raw material costs.

Report Coverage:

Potato Chips Market Drivers and Restraints

Growth Drivers:

• Rising Demand for Convenient Snacks: Manufacturers are increasing their production facilities’ capacities to meet the increasing trend of consumer demand for quick snack options, and with the booming snack culture among the younger generations, it is further projected to witness an upward trajectory.
• Growing Popularity: At a cocktail party or at the time of a small gathering with family members or friends, potato chips serve as an excellent appetizer or a side dish with drinks and beverages. These chips, with slight dressings of cream or sauces, add flavor and texture.
• Increasing disposable income, urbanization and modern lifestyle: Increasing disposable income and family income globally boost purchasing power, enabling consumers to spend on premium snacks. For instance, in the Asia-Pacific region, particularly China and India, there is a key growth due to rapid urbanization, modern lifestyles, and a young population favoring potato chips with beverages.

Restraints

• Growing heath awareness for reducing fried snacks: One of the key factor challenging the market is growing health awareness. Potato chips are generally fried and contains lots of sodium, which is a key factor for health concerns.
• Profit Margin Volatility due to Fluctuating price: The procurement cost and profit margin of the potato chip manufacturers can be impacted due to fluctuating potato prices and poor crop yield, which could hamper the market growth.

Potato Chips Market Developments

• Product Launch: In March 2025, HEINZ launched a dip for potato chips. The product “HEINZ Chip Dip” is in a wide-mouth format. Its other combos are also prepared to launch in the coming time.
• Product Launch and Portfolio Expansion: In May 2025, PepsiCo’s Simba has launched a new variant of potato chips in collaboration with the South African sauce brand Wellington’s. It is a tomato sauce flavour, sold in both 36g (small) and 120g (large) packages.

Potato Chips Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Potato Chips Market based on type, preparation type, product type, distribution channel and region:

Potato Chips Market, By Type

• Organic
• Conventional

Potato Chips Market, By Preparation Type

• Baked Chips
• Fried Chips

Potato Chips Market, By Product Type

• Plain
• Flavored

Potato Chips Market, By Distribution Channel

• Online
• Offline
  • Hypermarket/Supermarket
  • Convenience Store
  • Grocery Store
  • Others

Potato Chips Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Potato Chips Market Key Players

• Burts Snacks Limited
• Calbee, Inc.
• Campbell Soup Company
• PepsiCo
• Utz Brands, Inc.
• Herr Foods Inc.
• Intersnack Group GmbH & Co. KG
• Great Lakes Potato Chips
• The Lorenz Bahlsen Snack-World GmbH & Co KG
• Martin’s Snack
• Mars Inc.

Brown Sugar Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the brown sugar market will expand from USD 18.56 billion in 2025 to USD 29.77 billion in 2030 at a CAGR of 9.91% during the forecast period.

The market is driven by growing demand for clean-label, minimally processed products, and brown sugar perfectly fits this trend as it is less refined, has a lower glycemic index compared to refined sugar, and is richer and adding color to the product.

One of the major factors driving the market growth is increasing demand for clean-label and minimally processed sugar in beverage consumption, bakery products, and other key use applications. Increased applications of brown sugar in bakery products will expand the market in the projection period. Besides, the growth in the FMCG food sector will boost market growth in the forecast period, as it is also growing towards less-calorie foods.

Brown Sugar Market Report Highlights

• The market is driven by growing health and wellness awareness, increasing application in the food and beverage industry, and growing niche applications in other food items in restaurants for smoothies and coffee is driving the market.
• The market is increasingly trending towards organic, non-GMO, and chemical-free brown sugar. There is also growth in the development of brown sugar cubes, sachets, liquid brown sugar, and ready-to-use blends for beverages, bakery, and home cooking.
• The market is also growing towards sustainability through focus on eco-friendly packaging and sustainably sourced sugarcane to appeal to environmentally aware buyers.
• North America is a mature but growing market driven by product innovation. While, Asia-Pacific market is growing rapidly, driven by a middle-class population whose increase will contribute to building a considerable consumer base. Other factors contributing to the regional market growth include disposable income, total family income, and urbanization, while developing a consumer lifestyle.

Report Coverage:

Brown Sugar Market Drivers and Restraints

Growth Drivers:

• Expanding Application in the Food and Beverage Industry: The market is driven by key applications in the food and beverage industry. For example, the increasing amounts of baked goods and the increasing demand for brown sugar in them are driving the market. Also, as companies are launching products positioned as “natural” or “healthier” compared to refined sugar-based items, it is driving the demand for brown sugar.
• Rising health and wellness awareness: Rising health and wellness awareness is one of the key factors driving the market. Consumers are increasingly demanding clean-label and minimally refined sugar; brown sugar offers a great alternative, driving the market demand.

Restraints:

• Health concerns driving the reduction of sugar consumption: Brown sugar is a great alternative offering clean-label and minimally processed sugar. However, the growing cases of diabetes and other sugar-related issues, along with increasing millennials and the young generation’s focus on fitness, are discouraging consumption of sugar or at least reducing it, which will limit the market growth to some extent.
• Supply Chain Limitations and price volatility: Brown sugar is heavily dependent on sugarcane and sugar beet harvests. These are highly volatile to market, procurement time, and pests, making its supply vulnerable. This makes the price volatile, raising the brown sugar price, which is already a limiting factor for its demand as brown sugar is costlier than normal sugar.

Brown Sugar Market Developments

• Product Launch: In April 2025, Domino launched its new product line, namely “Domino Baker’s Sugar”, which is an ultrafine grain sugar and is specifically designed for baking.

Brown Sugar Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Brown Sugar Market based on product type, form, application, distribution channel, and region:

Brown Sugar Market, By Product Type

• Light Brown
• Dark Brown

Brown Sugar Market, By Form

• Granulated Brown Sugar
• Powdered Brown Sugar
• Brown Sugar Syrup

Brown Sugar Market, By Application

• Bakery
• Confectionery
• Dairy
• Beverages

Brown Sugar Market, By Distribution Channel

• Online
• Offline

Brown Sugar Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Brown Sugar Market Key Players

• Imperial Sugar Company
• American Crystal Sugar Company
• ASR GROUP
• British Sugar plc
• Louis Dreyfus Company
• AGRANA Beteiligungs-AG
• Wilmar Group
• Domino Foods, Inc.
• Sudzucker AG