0
2021
Decanter Market

Decanter Market

by Material (Glass and Plastic), End User (Commercial and Residential), and Sales Channel (Offline Channels and Online Channels): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13071
Pages: 225
Aug 2021 | 2016 Views
Author(s) : Himanshu Vig , Roshan Deshmukh
Tables: 119
Charts: 51
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COVID-19

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The global decanter market size was valued at $354.7 million in 2020, and is projected reach $528.3 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. The glass segment led in terms of decanter market share in 2020, and is expected to retain its dominance throughout the forecast period.

Decanters are containers that are used for aerating, storing, and serving alcohol. These containers are named after the process of decantation, which means separating the liquid in a bottle from the sediment that has collected in the bottom of the bottle. This process is essential for wine, as there is a lot of sediment left at the bottom of the wine bottle. Wine decanters are thin and elegantly shaped to aerate the wine that is poured into it. Spirit decanters have a broad, heavy, thick bottom, and have stopper to make the bottle airtight. Decanters are widely used in homes as well as bars, pubs, and restaurants to display the alcohol aesthetically and as a symbol of status. They are generally made from glass or crystal, with crystal being a clearer type of glass. Plastic decanters are being used as a cost-effective and durable alternative to glass decanters, and are slowly gaining traction in the market.

Decanter-Market

The demand for decanters is positively impacted by the increase in demand for alcohol consumption especially in the developing economies. With the growing trend of dining out, the demand for red wine, whiskey, and other spirits is rising. Moreover, compared to past 10 years, the consumption of wine, whiskey, and other spirits among the consumers while dining out have increased at a huge pace. With busy lifestyle, consumers prefer to relax out with a drink at the end of the day. Additionally, the major on-premise consumption of red wine, whiskey, and other spirits is high among the consumers in between the age of 18 to 34. Furthermore, the hotel, restaurant, and café (HoReCa) industry has massively expanded especially in the developing economies of Asia-Pacific, Latin America, and Africa. Therefore, the growing trend of on-premise consumption of red wine, whiskey, and other spirits is propelling the demand for decanters in the market.

Segment review

The global decanter market is segmented on the basis of material, end user, sales channel, and region. Based on material, the global market is bifurcated into glass and plastic. By end user, it is segmented into commercial and residential. Based on sales channel, it is studied across offline channels and online channels. The global decanter market is also studied across North America, Europe, Asia-Pacific, and LAMEA.

Based on material, decanters are segmented into glass and plastic. The glass segment leads in terms of market share of the global decanters market; however, the plastic segment is poised to grow with highest CAGR during the forecast period. Glass decanters are a symbol of status and quality, while plastic decanters are more cost-effective, light weight, and durable alternative for glass decanters.

Decanter Market
By Type

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Plastic segment would exhibit the highest CAGR of 5.4% during 2021-2030.

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Depending on end user, decanters are divided into commercial and residential. The commercial establishments include bars, pubs, and restaurants. The residential segment leads in terms of market share; however, the commercial segment is likely to gain market share toward the end of the forecast period. Rapid expansion of hospitality industry particularly in developing economies drives the market expansion of the commercial segment of the decanters market.

Decanter Market
By Form

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Commercial segment would exhibit the highest CAGR of 5.0% during 2021-2030.

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On the basis of sales channel, decanters are divided into online sales channels and offline sales channel. Offline sales channels include specialty stores that specialize in selling barware, glasses, or specialized alcohol equipment. Online channels include e-commerce sites or the manufacturers own website through which customers can purchase the desired decanters. The online channel segment is poised to grow with highest CAGR during the forecast period, owing to higher convenience, door step delivery, and variety of option to select from. 

Decanter Market
By Application

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Online Channels segment would exhibit the highest CAGR of 4.9% during 2021-2030.

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The report focuses on the growth prospects, restraints, and opportunities of the global decanter market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the decanter market.

Decanter Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 6.3% during 2021-2030.

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The key players analyzed in the report are Bormioli Luigi S.p.A., Fiskars Group, Godinger, Lenox, Ngwenya Glass, Prestige Decanters, Riedel, Royal Selangor, Saver Glass, and Tossware. Other prominent players analyzed in the report are N R S Glass Suppliers, Ravenscroft Crystal, Quality Products of India (QPI), Sempli, Zwiesel, Waterford Crystal, and Tilted Earth Festival.

COVID-19 Impact Analysis

  • The decanter market was negatively impacted by the COVID-19 pandemic.
  • The COVID-19 pandemic had disrupted the sales of decanters via brick-and-mortar stores resulting in transition of consumers toward online sales channels to purchase alcohol products including decanters.
  • However, with increase in disposable income and expansion of hospitality industry, the demand for premium decanters is likely to increase.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging decanter market trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing decanter market opportunities in the market.
  • The decanter market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2030, in terms of value.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
  • Key market players within the global decanter market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the global decanter market.

Decanter Market Segments

By Material

  • Glass
  • Plastic

By End User

  • Commercial
  • Residential

By Sales Channel

  • Offline Channels
  • Online Channels

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Portugal
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • South Africa
    • Rest of LAMEA
 

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The past few years have witnessed an increase in the number of alcohol consumers, especially in the millennial population residing in developing countries. This increase in alcohol consumption, such as wine and whiskey, which is becoming a symbol of status drives the demand for decanters. It leads to increase in use of decanters for storing and displaying the drinks, which fuels the demand for decanters substantially.

Decanters nowadays are being used very frequently in households and commercial establishments such as bars, pubs, and restaurants to create an impressive display of alcohol. Consumers of the drinks are willing to spend exorbitant amount of money on decanters that are uniquely designed, which increase the aesthetics of their displays; thus, resulting in engaged stakeholders to create new, innovative designs that are completely different from traditional decanters and add a sense of novelty to the decanter. Designs such as globes, diamonds, animals, and decanters with taps are likely to witness upsurge in both residential and commercial segments.

With alcoholic drinks being associated with wealth and status, there has been a shift in the consumer behavior, which has led to change in strategies adopted by the engaged stakeholders. Plastic is being used to make decanters, which makes them cheaper than a lot of glass decanters to facilitate the adoption with the lower strata of the society. Furthermore, plastic is easy to mold, has good surface finish, and is unbreakable, as a result, decanters made up of plastic are witnessing significant demand by the consumers.

 

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FREQUENTLY ASKED QUESTIONS?

A. What will be the Decanter market Size in 2030? 2. What is the CAGR of Decanter market?

A. Kindly raise an inquiry through the chat box and our business executive will get in touch with you with the details on the purchase options.

A. 2020 is the base year calculated in the decanter market report.

A. The decanter market is segmented on the basis of material, end user, sales channel, and region.

A. Some of the major players operating in the decanter market include Bormioli Luigi S.p.A., Fiskars Group, Godinger, Lenox, Ngwenya Glass, Prestige Decanters, Riedel, Royal Selangor, Saver Glass, and Tossware.

A. The Asia-Pacific region is likely to provide lucrative opportunities for the engaged stakeholders.

A. The glass segment holds the maximum market share of the decanter market.

A. The decanter market have been negatively impacted owing to Covid-19 however, the market is likely to regain its growth trajectory in coming years.

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