During the forecast period, the global restaurant glassware market is anticipated to expand at a reasonable CAGR of 5.5%. The current valuation of the market is USD 1,334.9 million in 2023. By 2033, the restaurant glassware sales are expected to bring in USD 2,280.2 million in terms of revenue, according to market analysts of Future Market Insight. The historical market valuation was USD 1,270.1 million in the base year when the market was growing at a sluggish CAGR of 2.9%. Factors that contribute to this revenue growth are:
Despite the significant development that is anticipated for the restaurant glassware market, experts from FMI have highlighted that a few problems might restrain the market expansion between 2023 and 2033. These current factors that have a negative impact on the market for restaurant glassware are listed below.
The global restaurant glassware market is being considerably impacted by the food service industry's growing demand for glass tableware. It is anticipated that the demand for glass tableware in upscale hotels would increase sales over the assessment period. The following opportunities and trends might manifest in the restaurant glassware market:
Report Attribute | Details |
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Restaurant Glassware Market Value (2023) | USD 1,334.9 Million |
Restaurant Glassware Market Anticipated Value (2033) | USD 2,280.2 Million |
Restaurant Glassware Market Projected Growth Rate (2023 to 2033) | 5.5% |
Restaurant Glassware Market Historical Growth Rate (2018 to 2023) | 2.9% |
According to data gathered by Future Industry Insights, the restaurant glassware market has lately seen an utterly unexpected boom. Restaurants and industrial producers are keeping up with the growing demand for elegant, trendy, and aesthetically appealing glassware. From 2.9% between 2018 and 2023 to 5.5% between 2023 and 2033, the CAGR of the restaurant glassware market grew gradually.
Guests eat and drink with their eyes. As it moves across the table, exquisitely prepared food and beverages draw admiring glances. Therefore, taking advantage of wise glassware selections has a good impact on the sales of the restaurants. Many customers now judge the beverage that is served to them based on how it looks. The entire operational expenses are impacted by the choice of glassware. Fortunately, producers of bar glassware continue to innovate, pushing the boundaries of production techniques and different materials to create high-quality, useful, and beautiful goods. In order to provide a more concentrated route for liquids to be experienced in the mouth, producers are now reinforcing rims while lowering rim thickness. Some businesses offer a great insurance policy on the investment by promising that the rims, stems, and feet of specific brands would not shatter.
There is presently a wide selection of cutting-edge, creative glassware. A few producers have also experimented with resin during the past few years. Reducing glass shattering can assist to reduce worker and visitor accidents as well as replacement expenses. Resin can be added to the interior of a glass or in between layers of glass. Resin can shield glassware logos or embellishments from human touch and dishwater. Currently, a small group of producers is working on strategies to lighten glassware while ensuring more effective mass production. These factors have driven the restaurant glassware market progressively and created further opportunities.
Drinking Glassware - By Glassware Type
The restaurant glassware market is divided into drinking glassware and decorative glassware based on the glassware type. The market is dominated by the drinking glassware category. During the projection period, this market segment is probably going to retain close to 48.9% of the global market share. The quick movement of this segment is caused by:
Specialized Store - Distribution Channel
The restaurant glassware market is broken down into the internet, specialty stores, supermarkets, and others depending on the distribution channel. The specialty store segment is predicted to have the biggest market share, approximately 39.2%, throughout the forecast period. The driving factors for this segment are as follows:
The leisure and hospitality industry in the USA is a highly progressive subset of the service-providing sectors, according to a report released by the Bureau of Labor Statistics. As a result, the US controls the majority of the North American restaurant glassware market. During the projected period, the US restaurant glassware market is anticipated to account for almost 19.8% of the global market. The main factors that contribute to the expansion of the restaurant glassware market are:
Over the forecast period, the UK is expected to rise at a CAGR of 7.3% and contribute to the bulk of the European restaurant glassware market. Consumers with more purchasing capacity and increased consumption of a variety of glass tableware are the main drivers for the UK restaurant glassware market. Aspects contributing to the market growth are:
In the Asia Pacific region, China is the country with the largest market for restaurant glassware. The Chinese restaurant glassware market is likely to expand rapidly. The forecast period is expected to witness a CAGR of 7.3% in this market. Growth is mostly supported by increased investment in local eateries and fast-food companies. Other elements underwriting to the market are as follows
New Market Participants to Encourage Innovation
The market for restaurant glassware offers several opportunities for start-up businesses and businesspeople. Although the industry is still in its infancy, many developments and discoveries are forthcoming. Start-ups in the restaurant glassware industry are making every effort to offer the best glassware to restaurants so that their patrons may enjoy great dining. Start-ups are producing glassware for restaurants that could be pleasant to use when dining there.
Leading Start-ups to Keep an Eye on
Start-up Company | Glastic Global |
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Country | India |
Description | The firm is a well-known glassware manufacturer with its headquarters in the glass-making capital of India, Firozabad (Uttar Pradesh, India). It manufactures, trades, and supplies various glass tumblers, decorative items, and tableware. Their goods are utilized for merchandising purposes as well as in residences, restaurants, bars, hotels, and clubs. These items are offered with a variety of Specifications and Customizations in order to satisfy the unique needs of its cherished clients. |
Start-up Company | Evolution Glass |
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Country | United States |
Description | Bill Hess established Evolution Glass in 2015Evolution Glass actively improves the planet by keeping glass out of landfills and using it to manufacture attractive and useful items. Utilizing only glass from recycled bottle bottles, Evolution Glass creates useful art pieces and unique surfaces of the highest quality. Its goal is to repurpose waste glass, add beauty to homes and workplaces, and protect the environment all at once. |
The tier-1 companies hold the majority of the market share in the moderately competitive global restaurant glassware industry. The main approach used by key players is business expansion through mergers, acquisitions, collaborations, and alliances, with a focus on various strategies like the adoption of new technologies to develop innovative products and the expansion of sales channels, which results in a larger customer base.
Discover New Possibilities in the World of Fine Dining With the Jaton Glassware, Bormioli Rocco, and Borosil
One of the most reputable and experienced restaurant glassware suppliers and manufacturers in north China is Jaton Glassware. Its facility is situated in SHANXI, the largest and most renowned production hub for Chinese glassware. Its product line includes cocktail glasses, wine glasses, and beer glasses.
On the other hand, with three manufacturing facilities, two decorative facilities, flagship shops, and five sales branches, Bormioli Rocco is a premier glass maker in Italy and a significant global player. A broad variety of goods from Bormioli Rocco Tableware are available, enhancing consumers' culinary experiences and bringing a touch of Italian warmth to their tables.
Another popular company is Borosil which has been the most reputable glassware brand in India since 1962. It is known as heatproof glassware and dominates the consumer glassware market in India as well as the USA and the Netherlands.
Recent Developments
Table 01: Global Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 02: Global Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 03: Global Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 04: Global Market Volume (Units) & Value (US $ Million) Forecast by Region, 2018 to 2033
Table 05: North America Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 06: North America Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 07: North America Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 08: North America Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 09: Latin America Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 10: Latin America Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 11: Latin America Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 12: Latin America Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 13: Europe Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 14: Europe Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 15: Europe Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 16: Europe Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 17: East Asia Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 18: East Asia Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 19: East Asia Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 20: East Asia Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 21: South Asia & Pacific Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 22: South Asia & Pacific Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 23: South Asia & Pacific Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 24: South Asia & Pacific Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Table 25: MEA Market Value (US$ Million) & Volume Forecast by Country, 2018 to 2033
Table 26: MEA Market Volume (Units) & Value (US$ Million) Forecast by Glassware Type, 2018 to 2033
Table 27: MEA Market Volume (Units) & Value (US$ Million) Forecast By Price Point, 2018 to 2033
Table 28: MEA Market Volume (Units) & Value (US$ Million) Forecast By Distribution Channel, 2018 to 2033
Figure 01: Global Market Volume (Units) and Y-o-Y Growth Rate from 2023 to 2033
Figure 02: Global Market Value (US$ Million) and Y-o-Y Growth Rate from 2023 to 2033
Figure 03: Global Market Absolute $ Opportunity Analysis, 2023 to 2033
Figure 04: Global Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 05: Global Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 06: Global Market Attractiveness by Glassware Type, 2023 to 2033
Figure 07: Global Market Incremental $ Opportunity by Glassware Type, 2018 - 2023
Figure 08: Global Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 09: Global Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 10: Global Market Attractiveness By Price Point, 2023 to 2033
Figure 11: Global Market Incremental $ Opportunity By Price Point, 2018 - 2023
Figure 12: Global Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 13: Global Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 14: Global Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 15: Global Market Incremental $ Opportunity By Distribution Channel, 2018 - 2023
Figure 16: Global Market Share and BPS Analysis by Region - 2023 to 2033
Figure 17: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: Global Market Incremental $ Opportunity by Region, 2018 - 2023
Figure 20: North America Market Share and BPS Analysis by Country - 2023 to 2033
Figure 21: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 22: North America Market Attractiveness by Country, 2023 to 2033
Figure 23: North America Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 25: North America Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 26: North America Market Attractiveness by Glassware Type, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 28: North America Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 29: North America Market Attractiveness By Price Point, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 31: North America Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 32: North America Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 33: Latin America Market Share and BPS Analysis by Country - 2023 to 2033
Figure 34: Latin America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 35: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 36: Latin America Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 37: Latin America Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 38: Latin America Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 39: Latin America Market Attractiveness by Glassware Type, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 41: Latin America Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 42: Latin America Market Attractiveness By Price Point, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 44: Latin America Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 45: Latin America Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 46: Europe Market Share and BPS Analysis by Country - 2023 to 2033
Figure 47: Europe Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 48: Europe Market Attractiveness by Country, 2023 to 2033
Figure 49: Europe Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 50: Europe Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 50: South Asia & Pacific Market Share and BPS Analysis by Country - 2023 to 2033
Figure 51: Europe Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 52: Europe Market Attractiveness by Glassware Type, 2023 to 2033
Figure 53: Europe Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 54: Europe Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 55: Europe Market Attractiveness By Price Point, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 57: Europe Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 58: Europe Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 60: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 61: South Asia & Pacific Market Attractiveness by Country, 2023 to 2033
Figure 62: South Asia & Pacific Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 63: South Asia & Pacific Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 64: South Asia & Pacific Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 65: South Asia & Pacific Market Attractiveness by Glassware Type, 2023 to 2033
Figure 66: South Asia & Pacific Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 67: South Asia & Pacific Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 68: South Asia & Pacific Market Attractiveness By Price Point, 2023 to 2033
Figure 69: South Asia & Pacific Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 70: South Asia & Pacific Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 71: South Asia & Pacific Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Country - 2023 to 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 74: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 75: East Asia Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 76: East Asia Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 77: East Asia Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 78: East Asia Market Attractiveness by Glassware Type, 2023 to 2033
Figure 79: East Asia Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 80: East Asia Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 81: East Asia Market Attractiveness By Price Point, 2023 to 2033
Figure 82: East Asia Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 84: East Asia Market Attractiveness By Distribution Channel, 2023 to 2033
Figure 85: Middle East & Africa Market Share and BPS Analysis by Country - 2023 to 2033
Figure 86: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 87: Middle East & Africa Market Attractiveness by Country, 2023 to 2033
Figure 88: East Asia Market Incremental $ Opportunity by Country, 2023 to 2033
Figure 89: Middle East & Africa Market Share and BPS Analysis by Glassware Type - 2023 to 2033
Figure 90: Middle East & Africa Market Y-o-Y Growth Projections by Glassware Type, 2023 to 2033
Figure 91: Middle East & Africa Market Attractiveness by Glassware Type, 2023 to 2033
Figure 92: Middle East & Africa Market Share and BPS Analysis By Price Point - 2023 to 2033
Figure 93: Middle East & Africa Market Y-o-Y Growth Projections By Price Point, 2023 to 2033
Figure 94: Middle East & Africa Market Attractiveness By Price Point, 2023 to 2033
Figure 95: Middle East & Africa Market Share and BPS Analysis By Distribution Channel - 2023 to 2033
Figure 96: Middle East & Africa Market Y-o-Y Growth Projections By Distribution Channel, 2023 to 2033
Figure 97: Middle East & Africa Market Attractiveness By Distribution Channel, 2023 to 2033
The growth outlook for the restaurant glassware market is predicted to advance at a CAGR of 5.5% from 2023 to 2033.
The United States is anticipated to lead the restaurant glassware market during the forecast period.
The restaurant glassware market is likely to hold a valuation of USD 2,280.2 Million by 2033.
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