Consumer & Retail

According to a market report by Lucintel, the future of the cocktail glass market looks promising with opportunities in the household, hotel, and bar applications. The global cocktail glass market is expected to reach an estimated $0.62 billion by 2028 with a CAGR of 1.8% from 2023 to 2028. The major drivers for this market are increasing purchasing power of population, rising usage of cocktail glass in the hotel management institutes for educational purpose, and growing number of household bars.



In this market, margarita glass, collins glass, and martini glass are the major product type segments. Lucintel forecasts that margarita glass will remain the largest product type segment over the forecast period due to its growing popularity among young adults for drinks with 75% alcohol content by volume.



Within this market, bars are expected to remain the largest application segment due to the extensive use of cocktail glasses in expanding bars of hotels and restaurants.



North America will remain the largest region due to the rising number of pubs and bars in the region.

Libbey, Riedel Vinum, Lenox Tuscany, Schott Zwiesel Tritan Crystal, Zenan, and Luigi Bormioli are the major suppliers in the global cocktail glass market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cocktail glass market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cocktail Glass Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cocktail glass market by product type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for global  cocktail glass market by product type (margarita glass, collins glass, martini glass, and others), application (household, hotels, bars, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?