Decanter Market to grow by USD 110.45 Mn by 2026, Segmentation by Materials and Geography – Technavio – QNT Press Release


NEW YORK, Nov. 8, 2022 /PRNewswire/ — The Decanter market is expected to grow by USD 110.45 million During 2021-2026, accelerating at a CAGR of 4.69% during the forecast period, according to Technavio. The report offers an up-to-date analysis to know the exact growth variance and the YOY growth rate Request a free sample report.

The growing number of pubs, bars, hotels, and home bars, access to online distribution channels and growing online sales of drinkware products, and rising popularity of wine, whiskey, and other spirits will offer immense growth opportunities. However, the criticality of inventory management and product sourcing might hamper the market growth.

Decanter Market 2022-2026: Segmentation

  • Material
    • Glass
      • During the projected period, the glass segment’s decanter market share will expand significantly. Since certain wines take longer to decant than others, a glass decanter with a broad base increases the amount of oxygen and speeds up the decanting process. Lead crystal glass decanters are a well-liked alternative to regular glass because the lead increases the index of refraction and gives the material a noticeably more glittering appearance.
    • Plastic
  • Geography
    • Europe
      • Europe will account for 28% of market growth. The decanter market in Europe is mostly centered in the UK and Germany. The market in this region will expand more slowly than markets in other regions. Throughout the projection period, the expansion of pubs, bars, hotels, and home bars will support the growth of the decanter market in Europe.
    • North America
    • APAC
    • South America
    • Middle East And Africa

Learn more about the additional trends impacting the future of the market and the
positive and negative consequences on the businesses, Buy Sample Report.

Decanter Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our decanter market report covers the following areas:

This study identifies the personalization of drinkware for gifting purposes as one of the prime reasons driving the decanter market growth during the next few years.

Decanter Market 2022-2026: Vendor Insights

Competition among vendors operating in the global decanter market is high. Global vendors must concentrate on product portfolio expansions and product innovations to stay ahead of their competitors. In addition, vendors are focusing on inorganic growth in the market through merger and acquisition (M&A) of product-based companies.

Moreover, to leverage market opportunities, the companies operating in the global decanter market also focus on various other growth strategies, such as distribution agreements. These growth strategies have also allowed them to build a strong customer base and enhance their geographic reach globally.

  • Be Fun LLC
  • Bormioli Luigi Spa
  • Fiskars Group
  • Godinger Silver Art Co.
  • Lenox Corp.
  • Ngwenya Glass Swaziland/Eswatini
  • Prestige Decanters
  • Ravenscroft Crystal
  • Royal Selangor International
  • Saverglass SAS
  • Tiroler Glashutte GmbH
  • Wine Enthusiast Co.
  • ZALTO Glas GMBH
  • Zwiesel Kristallglas AG

To find additional highlights on the growth strategies adopted by vendors and their
product offerings, Download Free Sample Report.

Decanter Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist decanter market growth during the next five years
  • Estimation of the decanter market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the decanter market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of decanter market vendors

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Decanter Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Full story available on Benzinga.com



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