GVR Report cover Glass Tableware Market Size, Share & Trends Report

Glass Tableware Market Size, Share & Trends Analysis Report By Product (Dinnerware, Drinkware), By Application (Household, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-472-7
  • Number of Report Pages: 80
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Consumer Goods

Report Overview

The global glass tableware market size was valued at USD 10.56 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. Advancements in glass production techniques have significantly improved the quality and variety of glass tableware available, making it more appealing to consumers. Furthermore, the rising popularity of artisanal and handcrafted glass tableware contributes to market growth as consumers increasingly seek unique and aesthetically pleasing products.

U.S. glass tableware market

The expansion of the hospitality sector and increased organized retailing are boosting demand for glass tableware. The increasing sales of glass tableware through online platforms have further facilitated market expansion by giving consumers easy access to a wide range of products. Lastly, the benefits offered by glass dishes, such as their aesthetic appeal and durability, continue to drive their popularity among household and commercial users.

Growing demand for stylish tableware in restaurants and cafes and the need to replace outdated designs with trendy products is expected to drive market growth in the coming years. The increasing awareness of environmental sustainability encourages consumers to opt for glass tableware over plastic alternatives, as glass is more eco-friendly and recyclable. The growing trend of home dining and entertaining, especially post-pandemic, has increased demand for aesthetically pleasing and durable tableware. Innovations in design and the introduction of multifunctional glass tableware, which is used for serving and storage, also attract consumers.

The rising disposable incomes and changing lifestyles in emerging economies are boosting the market, as more consumers are willing to invest in high-quality tableware. In addition, the influence of social media and the increasing number of food bloggers and influencers showcasing elegant table settings are driving the popularity of glass tableware.

Product Insights

The dinnerware segment dominated the market with the largest revenue share of 42.5% in 2023. This significant market share is attributed to dinnerware's essential role in household and commercial dining settings. The increasing trend of home dining and the growing hospitality industry has fueled the demand for high-quality, aesthetically pleasing dinnerware. Additionally, the rise in disposable incomes and the shift towards more sophisticated dining experiences have led consumers to invest in premium glass dinnerware. The versatility and durability of glass dinnerware and its ability to enhance the presentation of meals further contribute to its popularity. As a result, the dinnerware segment continues to be a key driver of growth in the glass tableware market.

The drinkware segment is projected to grow at the fastest CAGR of 8.0% over the forecast period. The increasing popularity of various beverages, including specialty coffees, craft beers, and artisanal cocktails, has driven the demand for diverse and high-quality drinkware. Additionally, the trend of social gatherings and home entertaining has led consumers to invest in stylish and functional glass drinkware. Innovations in design and the introduction of drinkware that enhances the drinking experience, such as glasses designed to improve the aroma and flavor of beverages, also contribute to this growth. Furthermore, the rising awareness of health and wellness encourages consumers to choose glass over plastic, as glass is perceived as a safer and more sustainable option. These factors collectively support the robust growth of the drinkware segment in the coming years.

Application Insights

Commercial dominated the market with the largest revenue share in 2023. The segment's growth is attributed to the wide range of products, such as drinkware, dinnerware, candleware, and serverware. The increasing interest in tourism and luxurious staycations is expected to increase the demand for glass tableware in the commercial sector, including hotels, resorts, restaurants, pubs, and cafes.

Household is expected to grow at the fastest CAGR over the forecast period. This growth is attributed to several factors, including increasing consumer preference for aesthetically pleasing and durable tableware, rising disposable incomes, and a growing trend towards home dining and entertainment. As more consumers seek to enhance their dining experiences at home, the demand for high-quality glass tableware is expected to surge, driving significant growth in this segment. Additionally, innovations in design and the availability of a wide range of products are likely to further boost the household segment’s expansion in the coming years.

Distribution Channel

Hypermarkets & supermarkets dominated the market with the largest revenue share in 2023. These retail formats offer a wide variety of glass tableware products under one roof, providing consumers with the convenience of one-stop shopping. Additionally, hypermarkets and supermarkets often run promotional campaigns and bulk discounts, making them attractive options for cost-conscious shoppers. Their extensive reach and accessibility, especially in urban and suburban areas, further enhance their market presence.

Global glass tableware market

Online channels are anticipated to grow at the fastest CAGR over the forecast period. This growth is attributed to the increasing penetration of e-commerce platforms and the convenience they offer consumers. Online shopping allows customers to browse a wide range of products, compare prices, and read reviews from the comfort of their homes. Additionally, the rise of mobile commerce and improved internet accessibility have further fueled this trend. The ability to offer personalized recommendations and targeted marketing makes online channels powerful for driving sales in the glass tableware market.

Regional Insights

Asia Pacific glass tableware market dominated the global market with the largest revenue share of 38.1% in 2023. The factors responsible for driving the region’s growth include the rising demand for luxury and aesthetically pleasing tableware, which aligns with evolving lifestyles and increasing disposable incomes. Countries such as China, India, and Japan are at the forefront of this growth, with a burgeoning middle class that values high-quality dining experiences. Additionally, the region’s strong manufacturing capabilities and the presence of numerous local and international brands contribute to its market leadership. The Asia Pacific’s cultural emphasis on dining and hospitality further bolsters the demand for premium glass tableware, making it a key segment in the global market.

Japan Glass Tableware Market Trends

Japan glass tableware market is expected to grow significantly over the forecast period. This anticipated expansion is driven by several key factors, including consumers' growing preference for high quality, aesthetically pleasing tableware. Additionally, Japan's strong cultural emphasis on dining and presentation and increasing disposable incomes are expected to fuel demand.

Europe Glass Tableware Market Trends

Europe's glass tableware market was identified as a lucrative region in 2023. The region's growth is driven by a combination of factors, including a strong tradition of fine dining and hospitality, which fuels demand for high-quality tableware. European consumers' preference for elegant and durable glassware and a growing trend towards sustainable and eco-friendly products has further boosted market growth. Additionally, the presence of renowned glassware manufacturers and innovative design trends contribute to the region's market appeal.

North America Glass Tableware Market Trends

The North America glass tableware market is expected to grow at a significant CAGR of 7.5% over the forecast period. This robust growth is attributed to several factors, including increasing consumer preference for high-quality and aesthetically pleasing tableware. The rise in home dining and entertaining trends and a growing focus on sustainable and eco-friendly products are also driving demand. Additionally, innovations in glassware design and manufacturing and the influence of lifestyle and home decor trends contribute to the market’s expansion. 

The U.S. glass tableware market is expected to grow significantly over the forecast period. This growth is driven by several key factors, including consumers' rising preference for high-quality, aesthetically pleasing tableware and the increasing trend of home dining and entertaining and a growing focus on sustainable and eco-friendly products.

Key Companies & Market Share Insights

Some key companies in the glass tableware market include Steelite International, Duralex International, Pasabahce (part of Sisecam Group), Riedel Crystal, Arc International, and others. Companies are focusing on launching new designs and increasing product ranges. Moreover, key players are taking several strategic initiatives, such as mergers and acquisitions and partnerships with other major companies.

  • Steelite International is a prominent player in the global glass tableware market, known for its innovative and high-quality products tailored to the hospitality industry.

Key Glass Tableware Companies:

The following are the leading companies in the glass tableware market. These companies collectively hold the largest market share and dictate industry trends.

  • Steelite International
  • Duralex International
  • Pasabahce (part of Sisecam Group)
  • Riedel Crystal
  • Arc International
  • Luigi Bormioli
  • Waterford Crystal (part of Fiskars Group)
  • Bormioli Rocco
  • Lenox Corporation
  • Libbey Inc.

Recent Developments

  • In June 2024, Steelite International, a hospitality supply industry leader, announced the acquisition of Utopia Tableware Ltd. This strategic acquisition combines Utopia's innovative products and Steelite's global presence, promising growth across the UK and Europe.

Glass Tableware Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 11.30 billion

Revenue forecast in 2030

USD 17.69 billion

Growth Rate

CAGR of 7.8% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Quantitative units

Revenue in USD million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, Application, Distribution Channel and Region

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, and South Africa

Key companies profiled

Steelite International; Duralex International; Pasabahce (part of Sisecam Group); Riedel Crystal; Arc International; Luigi Bormioli; Waterford Crystal (part of Fiskars Group); Bormioli Rocco; Lenox Corporation; Libbey Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Glass Tableware Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global glass tableware market report based on product, application, distribution channel and region:

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Dinnerware

    • Drinkware

    • Others

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Household

    • Commercial

  • Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

    • Middle East and Africa (MEA)

      • South Africa

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