Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.97 Billion | USD 14.57 Billion | 4.30% | 2023 |
The global glass tableware market size was worth around USD 9.97 billion in 2023 and is predicted to grow to around USD 14.57 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.30% between 2024 and 2032.
Glass tableware products are dinner items made using glass. These items are used for serving food and other items on a dinner table. Glass-based tableware items alleviate the overall appearance of a dinner table setting which is one of the primary reasons for higher demand for glass tableware. In addition to this, glass beverage ware has special demand especially influenced by several cultural and social norms. For instance, wine, a popular alcoholic beverage, is traditionally served in glass-based drinking glasses due to several factors such as preservation of aroma, non-reactivity, and temperature regulation among other non-technical reasons. The growing urban population along with the rise of several upscale commercial centers in the food and beverage service industry is projected to help the industry for glass tableware deliver exceptional results during the forecast duration. However, glass tableware is more expensive as compared to alternate solutions. Moreover, products made of glass are fragile and must be handled with care thus limiting the number of buyers. During the forecast period, the glass tableware market players are expected to encounter several new growth opportunities.
Surging development of new commercial centers in the food service business is expected to drive the market demand
The global glass tableware market is expected to grow due to the surging construction and development rate of new commercial centers in the food service business. Such facilities host several guests every day and glass tableware is one of the prominent choices among service providers for serving food and drinks. There has been a rise in the number of patrons and diners who specifically visit a location or a facility to enjoy a few hours of luxury. Gourmet dining has been prominent in the current world scenario. High-end restaurants and cafe facilities prefer glass tableware since it is aesthetically more appealing. Recent reports indicate that more than 10% of the world population prefers to eat at fine dining restaurants occasionally. This is further promoted by a rise in international and domestic tourism across the globe. Travelers prefer to invest in experiencing the food culture of the places they visit. Additionally, food service brands earn significant revenue from the tourism industry. In 2023, the US hosted more than 62 million international tourists. Similarly, other countries have also witnessed a growing rate of domestic travelers as well as international guests.
Changing consumer lifestyles in emerging nations hold tremendous growth potential
The everyday consumers in emerging economies with a steady rise in job employment opportunities and growing consumer awareness are registering a change in lifestyle with the adoption of specific items in their routine activities such as dining. The rise in urban population and greater access to a range of food serving utensils has encouraged more buyers to opt for glass tableware in kitchen settings. The trend is further promoted by the sale of glass tableware through online channels. Companies manufacturing and distributing glass tableware have invested in building an online portfolio to reach a larger consumer base. They are also collaborating with popular e-commerce channels such as Amazon and other tableware-specific online portals. E-commerce websites allow companies higher reach. On the other hand, they provide excellent customer service and ease of shopping. The growth in the online segment of the global glass tableware market will prove beneficial for the industry players in the long run.
Extensive maintenance protocol of glass tableware will limit the market’s growth rate
Glass tableware is difficult to maintain. These items are extremely fragile as compared to crockery products made of other materials such as plastic and stainless steel. Glass tableware must be used with utmost care since rough use can cause cracks or complete damage to the tableware item. Furthermore, glass-based diner sets are more expensive due to the sophisticated technology and expensive raw materials used in producing glass tableware. In addition to this, broken glass tableware products pose serious risks to people using the glass products. Hence, the consumer market remains highly fragmented as buyers may choose more safer and cost-effective options in the case of tableware.
Rising launch of new product lines with delicate and opulent designs may generate higher revenue
The global glass tableware industry is expected to generate extensive growth opportunities during the projection period due to the rising launch of new product offerings for customers. Glass tableware manufacturers are focusing on delivering exquisite designs with more durable glass to attract a stronger consumer base. In January 2024, Moomin Arabia announced the launch of their first glass tableware collection called Mystical Forest. The products include embossed tableware made using contemporary and novel glassmaking methods. In January 2024, NUDE, an Istanbul-based global design brand, announced the launch of its new collection at Ambiente, an international trade fair for companies providing consumer goods. The new segment offers opulent wineware under the Round Up collection. It is currently available in 4 sizes and is made using handmade lead-free glasses. In September 2022, Australia's Coles and Liquorland announced the launch of a new crystalline glassware collection in the form of Schott Zwiesel “PURE” Tritan®.
Surging investments in glass-making technologies may help the market players reduce costs and generate higher revenue
The demand for glass-based products such as tableware is on the rise. However, traditional methods of glass production are resource-intensive. To curb the growing production expenses, more investments are being poured into developing novel glass manufacturing technologies. In 2023, researchers at the Pennsylvania State University developed LionGlass. As per claims, the glass is 10 times stronger than conventional glass and does not break even after falling on a tiled floor. Furthermore, LionGlass production also eliminates the need to use limestone or soda ash thus contributing to the global glass tableware market.
Environmental concerns associated with the current method of glass tableware production may challenge the market expansion rate
The global industry for glass tableware is expected to be challenged by the rising environmental concerns associated with the current resource-intensive method of glass production. The manufacturing method is highly energy intensive. It uses large amounts of water and recycling can be challenging thus impacting the market growth rate.
The global glass tableware market is segmented based on end-user, product type, sales channel, and region.
Based on the end-use, the global market segments are commercial and household. In 2023, the highest demand was observed in the commercial segment driven by the growing sale of glass-based tableware across food and beverage serving facilities. Additionally, factors such as the rise in gourmet dining and wine culture are promoting greater adoption of specially designed glass tableware. The rising urbanization rate and shift in consumer lifestyle will drive the revenue in the household segment. In 2021, India’s urbanization rate was more than 1%.
Based on product type, the global glass tableware industry is divided into baby bottles, tableware, beverageware, and others.
Based on the sales channel, the global market segments are convenience stores, online platforms, hypermarkets/supermarkets, wholesalers & distributors, and others. In 2023, the highest growth was observed in the wholesalers & distributors segment of the glass tableware industry. Luxury and high-end glass tableware are mostly sold through authorized dealers since the products are expensive. On the other hand, the hypermarkets/supermarkets segment is growing at a rapid rate due to a rise in purchases by the general population for household settings. The cost of a single wine glass by Saint-Louis may range between USD 100 to USD 1000 depending on the model and the final product.
Report Attributes | Report Details |
---|---|
Report Name | Glass Tableware Market |
Market Size in 2023 | USD 9.97 Billion |
Market Forecast in 2032 | USD 14.57 Billion |
Growth Rate | CAGR of 4.30% |
Number of Pages | 218 |
Key Companies Covered | Steelite International, Duralex International, Pasabahce (part of Sisecam Group), Riedel Crystal, Arc International (including brands like Luminarc, Arcoroc, Cristal d’Arques Paris), Luigi Bormioli, Waterford Crystal (part of Fiskars Group), Bormioli Rocco, Lenox Corporation, Spiegelau & Nachtmann (part of Riedel Group), Fiskars Group (including brands like Iittala and Royal Copenhagen), Zwiesel Kristallglas AG (including Schott Zwiesel), Liberty Tabletop, Anchor Hocking (part of The Oneida Group), Libbey Inc., and others. |
Segments Covered | By End-Use, By Product Type, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe to lead with the highest growth rate during the projection period
The global glass tableware market will be led by Europe during the projection period. Countries such as Italy, Germany, and France are some of the largest producers and exporters of glass tableware in the world. The regional brands offering glass-based food-eating solutions have international recognition and are globally preferred. France is home to the world’s largest glass tableware production facility owned by the Arc Group. The unit produced 2 million glass tableware units every day. The brand currently caters to the needs of the retail and food service industry. In addition to this, the regional market players are steadily tapping into unexplored markets by targeting countries registering a growth in purchasing power. In June 2022, Trebonn, an Italian kitchen brand announced its entry into the Indian market.
North America will be led by the US in the glass tableware industry during the projection period. The high regional demand for glass tableware across commercial and residential settings will fuel the growth rate in the US. In April 2024, Richard Brendon announced the launch of the Optic Collection in North America and the UK. The collection offers three shapes and is inspired by glass-making techniques that are centuries old.
The global glass tableware market is led by players like:
By End-Use
By Product Type
By Sales Channel
FrequentlyAsked Questions
Glass tableware products are dinner items made using glass. These items are used for serving food and other items on a dinner table.
The global glass tableware market is expected to grow due to the surging construction and development rate of new commercial centers in the food service business.
According to study, the global glass tableware market size was worth around USD 9.97 billion in 2023 and is predicted to grow to around USD 14.57 billion by 2032
The CAGR value of the glass tableware market is expected to be around 4.30% during 2024-2032.
The global glass tableware market will be led by Europe during the projection period.
The global glass tableware market is led by players like Steelite International, Duralex International, Pasabahce (part of Sisecam Group), Riedel Crystal, Arc International (including brands like Luminarc, Arcoroc, and Cristal d’Arques Paris), Luigi Bormioli, Waterford Crystal (part of Fiskars Group), Bormioli Rocco, Lenox Corporation, Spiegelau & Nachtmann (part of Riedel Group), Fiskars Group (including brands like Iittala and Royal Copenhagen), Zwiesel Kristallglas AG (including Schott Zwiesel), Liberty Tabletop, Anchor Hocking (part of The Oneida Group) and Libbey Inc.
The report explores crucial aspects of the glass tableware market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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