Restaurant Glassware Market

Restaurant Glassware Market Outlook (2023 to 2033)

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:

• Glass tableware is favored because it is more affordable, which has led to its greater use in commercial areas.
• The most popular dinnerware is glass since it has no pores and does not support the growth of bacteria.
• Urban population growth is fueled by both an overall rise in population and a rise in the proportion of people living in cities.
• Strong expansion in the hospitality sector across the world.
• Foreign firms are investing more in restaurants across emerging economies.
• Customers patronize restaurants more frequently as a result of rising disposable income as well as rising living standards for consumers.
• Increasing commercial spending on décor items to improve the appearance and allure of restaurants.
• People who want to enjoy a beautiful dining experience and consume fresh meals are willing to pay more for good dining facilities.
• Growing demand for personalized and novel cuisine options at fine dining restaurants.
• The requirement for glassware in restaurants is rising as the travel and tourism sector expands globally.
• Increased leisure domestic and international travel has also increased the traffic at fine dining restaurants.
• Distributing glass crockery has become simpler for manufacturers due to the proliferation of both retail and e-commerce sales channels.
• Several types of glassware do not react with acids and other substances, making them more durable.
• Availability of glass dinnerware in a variety of finishes, including transparent, tinted, and matte.
• The growing popularity of individual beverage counters in commercials has greatly increased the demand for drinkware.
• The application of high-end restaurant glassware is also anticipated to benefit from the growing idea of how bar counters are structured in practically almost every restaurant.
• A lot of glassware accessories are needed in buffet restaurants that serve a big number of consumers and put food on display.

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.

• Glassware is extremely fragile and brittle, and it can break at any time.
• The requirement to keep the production facility for glass tableware at a high temperature constantly.
• The rising cost of raw materials. Costly metals are required for the creation of sturdy and vibrant glassware, which can reduce the profit margins of manufacturers.
• Many small restaurants use disposable plates because they are inexpensive and require minimal maintenance.

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:

• Due to the negative effects on the environment, glass is increasingly replacing plastic-based plates and drinking glasses.
• Manufacturers are producing unique and attractive tableware products.
• Improvements are taking place in the technologies used to produce glasses.
• The increase in cafes and bars is opening up prospects for growth.
• Using contemporary techniques and technology, fiberglass composites are produced.
• In hospitality events, there is a growing preference for aesthetic tableware.

Report Attribute	Details
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%

Comparative Analysis of the Historical Market Scenario

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.

Category-wise Insights

Dominating Segments Pertaining to Customer Interest

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:

• Growing intake of both alcoholic and non-alcoholic drinks increases the adoption of restaurant glasses.
• Increase in the number of pubs, bars, and other fine dining establishments.
• The availability of miniature glassware is growing along with the popularity of beer, wine, and cocktail flight samplers.

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:

• Prior to purchase, consumers want to touch and feel products.
• A wide range of designs is available and consumers can buy as per their choice and requirements.
• Consumers can differentiate between crystal and glasses by examining the glassware properly.
• Since they buy the item from stores after carefully checking, consumers need not worry about returning the product.

Regional Insights

Increased Adoption of Fashionable Tabletop Glassware as USA is Home to the Restaurant Sector

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:

• High levels of discretionary wealth in addition to a frantic pace of living and preference for luxury dining.
• High demand for glassware coupled with customer inclination for sophisticated lifestyles.
• A rise in demand for glass dinnerware will probably lead to more of these goods being produced.
• The biggest opportunity for producers of glass dinnerware is due to extensive distribution networks.
• The increasing popularity of cruise vacations has led to a rise in the demand for glass tableware in the eateries and bars aboard such cruise ships.

The UK has the Potential Consumers with Higher Spending Power

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:

• High levels of disposable income coupled with the willingness of customers to spend more for luxury goods.
• Eating habits are changing, with more people favoring social and casual dining, for example.
• rising customer preference for eco-friendly commodities, particularly among millennials.
• High-end cutlery and glassware are now often used in restaurants and other food service establishments as a result of the expanding impact of various Southern European cuisines and culinary cultures.
• The restaurants in this state are of the opinion that elegant glassware and artistic design enhance the pleasure of dining out.

Rising Demand for Aesthetic Tabletop Glassware is Boosting Product Demand in China

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

• In China, there has been an increase in per capita disposable income and fast urbanization.
• China is one of the fastest-growing markets for glass tableware due to the rise in middle-class purchasing power here.
• Availability of affordable labor and raw materials
• The market for high-end glass items is soon projected to be expanded by the burgeoning trend of luxury dining.
• Increased investment in the hospitality and food service sectors.

Start-up Ecosystem

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
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
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.

Competitive Landscape

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

• In January 2022, Hollowick Inc., which specializes in table lighting and food warming, has been acquired by Steelite International Plc. Steelite would be able to increase both its global geographic footprint and product options as a result of this purchase.
• In October 2021, Oneida Consumer LLC, which sold flatware, dinnerware, and other tabletop items under its own brand, was bought by Lenox Corporation. In order to advertise a top portfolio of brands and cutting-edge products with unparalleled customer awareness through a variety of retail channels, the cooperation was launched.
• In January 2021, Hampton Forge was purchased by Lenox Corp. All of Hampton Forge's product lines, including Hampton Forge, Tomodachi, Skandia, Hampton Forge Signature, and Argent Orfèvres, were acquired.
• In October 2020, Libbey Inc. declared the approval of a reorganization plan and stated that it anticipated finishing the court-supervised restructuring and emerging with a better balance sheet. In order to flourish in the present business operating climate, the company issued this announcement.
• In January 2020, Borosil reduced the number of entities in the group from five to two. By eliminating cross holdings and allowing Borosil Glass Works owners’ direct proportional shareholding in the Gujarat Borosil Business, the merger will eliminate related party transactions and increase administrative efficiencies.

Some of the other key companies identified are

• Libbey Inc.
• Sisecam Group
• Anchor Hocking LLC
• ARC International SA
• World Kitchen LLC
• Lenox Corporation
• Ocean Glass Public Company Limited
• Jiangsu Rongtai Glassware Products Co. Ltd.
• Groupe SEB Company
• Oneida Group

Table of Content

• 1. Executive Summary | Restaurant Glassware Market
• 2. Market Overview
• 3. Key Market Trends
• 4. Key Success Factors
• 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 6. Global Market - Pricing Analysis
• 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 8. Market Background
• 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Glassware Type
  • 9.1. Drinking Glassware
    • 9.1.1. Beer Glassware
      • 9.1.1.1. Pint Glassware
      • 9.1.1.2. Jars & Mugs
    • 9.1.2. Shot Glassware
    • 9.1.3. Cocktail Glassware
    • 9.1.4. Wine Glassware
    • 9.1.5. Beverages Glassware
    • 9.1.6. Others
  • 9.2. Decorative Glassware
    • 9.2.1. Table Glassware
    • 9.2.2. Eatery Glassware
      • 9.2.2.1. Bowl
      • 9.2.2.2. Plates
      • 9.2.2.3. Others
    • 9.2.3. Partition Glassware
    • 9.2.4. Others
• 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Point
  • 10.1. Economy
  • 10.2. Medium
  • 10.3. Premium
• 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Distribution Channel
  • 11.1. Online
  • 11.2. Specialized Store
  • 11.3. Supermarkets
  • 11.4. Others
• 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
  • 12.1. North America
  • 12.2. Latin America
  • 12.3. Europe
  • 12.4. East Asia
  • 12.5. South Asia and Pacific
  • 12.6. Middle East and Africa (MEA)
• 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
• 19. Country-wise Market Analysis
• 20. Market Structure Analysis
• 21. Competition Analysis
  • 21.1. Jaton Glassware
  • 21.2. Bormioli Rocco Group
  • 21.3. Libbey Inc
  • 21.4. Borosil Glassware Works Ltd.
  • 21.5. Sisecam Group
  • 21.6. Anchor Hocking LLC
  • 21.7. ARC International S.A.
  • 21.8. World Kitchen LLC
  • 21.9. Lenox Corporation
  • 21.10. Ocean Glass Public Company Limited
  • 21.11. Jiangsu Rongtai Glassware Products Co., Ltd
  • 21.12. Groupe SEB company
  • 21.13. The Oneida Group Inc.
• 22. Assumptions and Acronyms Used
• 23. Research Methodology