Beer Glassware Market Size is Expected to Reach USD 473.3 Million by 2025: Grand View Research, Inc.
The global beer glassware
market size is expected to reach USD 473.3 million by
2025, according to a new report by Grand View Research, Inc. It is projected to
register a CAGR of 3.4% during the forecast period. Increasing consumption of
craft beer as a result of shifting consumer preference towards flavored or low
ABV beer is expected to expand the market reach. In addition, rising number of
alcohol-serving restaurants, pubs, bars, and clubs in developing countries
including China and India is projected to fuel the demand for various drinkware
products including glasses.
Pint segment is
expected to lead the market over the next few years. These traditional glasses
are the most commonly used for drinking beer. Consumers prefer pints as they
accommodate more alcohol and have large crowning heads. Majority of commercial
places including restaurants, bars, and pubs use pints to serve beer, which is
anticipated to further fuel the product demand.
The household
application sector is expected to register the fastest CAGR of 4% from 2019 to
2025. Rising number of house parties coupled with popularity of drinking games
among adults are anticipated to promote the product demand from the household
sector in the upcoming years.
Online distribution
channel segment is expected to witness the fastest CAGR of more than 4% from
over the forecast period. Rapid rise in the number of smartphone users is
anticipated to bode well for online shopping. Assured safety, safe
transportation, and hassle-free product delivery among others are some of the
major factor driving the adoption of this distribution channel.
In 2018, Europe
held the largest market share of over 30% in terms of revenue. Increasing
penetration of microbreweries in Germany, Poland, U.K., Netherlands, Spain, France,
and Belgium, among other countries has been fueling the regional product
demand. Furthermore, growing trend of home-brewing in Germany, Denmark, and
Finland has been promoting the demand for beer glasses in Europe.
Key participants
operating in the beer glassware market include Libbey, Inc.; Arc International;
Bormioli Rocco; Corelle Brands, LLC; Oneida Group; Bayerische Glaswerke GmbH;
The Boelter Companies; Shanxi Dahua Glass Industrial Co., Ltd.; Duralex USA;
and Ocean Glass.
To
request a sample copy or view summary of this report, click the link below:
Further key findings from the report suggest:
·
Pints segment generated a revenue of more than USD 120
million in 2018owing to high convenience the product offers
·
Weizen glass is expected to account for 9.7% of the global
revenue share by the end of 2025
·
Asia Pacific is expected witness the fastest CAGR of 6.2%
from 2019 to 2025. Rise in working class population in emerging economies
including China and India is projected to open new avenues Over the forecast
period
·
Europe led the beer glassware market in 2018, accounting for
a one-third of the global revenue share
·
Household application is expected expand at a CAGR of 4.0%
from 2019 to 2025
Grand View Research
has segmented the global beer glassware market on the basis of product,
application, distribution channel, and region:
Beer Glassware Product Outlook (Revenue, USD Million, 2015 -
2025)
·
Mugs
·
Pints
·
Pilsner
·
Weizen
·
Others
Beer Glassware Application Outlook (Revenue, USD Million,
2015 - 2025)
·
Household
·
Commercial
Beer Glassware Distribution Channel Outlook (Revenue, USD
Million, 2015 - 2025)
·
Offline
·
Online
Browse
more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
Comments
Post a Comment