Market Overview:
The global beverage coaster market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for coasters from commercial and residential users across the globe. In terms of type, paper beverage coasters are expected to dominate the market during the forecast period, followed by foam beverage coasters and others. In terms of application, commercial use is expected to account for a major share of the global beverage coaster market during the forecast period, followed by residential use.
Product Definition:
A beverage coaster is a small, flat piece of material used to rest or protect a drink container on a surface. They are often made of cork, wood, felt or plastic and can come in many shapes and sizes. Beverage coasters are typically used to protect furniture from water rings or other marks that may be left behind from drink containers.
Paper Beverage Coaster:
Paper beverage coasters are made of paper and are used to prevent drinks from moving while serving in bars, restaurants or at home. Coaster is placed under the glass before placing it on the table. The drink is not allowed to touch the table surface as it may leave a stain and also because of its smooth texture, it can easily tear a cloth napkin apart.
The global market for paper beverage coasters was estimated at USD 3 million in 2016.
Foam Beverage Coaster:
The foam beverage coaster is a device used to prevent slippage of beverages on bars, tables, and counters. It's made up of high density polyethylene or polypropylene and has a non-skid backing for safety. Foam beverage coasters are usually available in different sizes depending upon the application which can hold up to 16 fluid ounce (0.45 L) beverages with ease.
Application Insights:
The commercial use segment dominated the global beverage coaster market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to increasing consumption of alcoholic and non-alcoholic beverages at pubs, bars and clubs, hotels and restaurants at a rapid pace across the globe. In addition, growing tourism industry along with expanding hospitality sector is expected to drive demand for beverage coasters over the forecast period.
Residential application is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising spending on home improvement activities including purchasing furniture sets and accessories such as decorative pillows or blankets featuring designs related to beverages being consumed by consumers around the world these days.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its leading position throughout the forecast years on account of rising demand for various types of coasters, such as paper and foam beverage coasters, in homes and bars. Moreover, increasing number of coffee shops and baristas in the U.S., Canada, and Mexico is anticipated to fuel product demand over the next eight years.
Asia Pacific accounted for a significant share owing to growing popularity of tea ceremonies that involve serving hot beverages using proper coasterware. This trend has gained traction among consumers due to aesthetic appeal associated with different designs available on beverage coasters offered by manufacturers/suppliers operating within Asia Pacific region including Hong Kong; China; Japan; South Korea; Taiwan Province (Republic Of China); India; Singapore.; Malaysia.; Indonesia.; Thailand.; Vietnam., Australia., New Zealand., And Papua New Guinea.).
Growth Factors:
- Increasing disposable income of consumers: The growth in the beverage coaster market is mainly attributed to the increasing disposable income of consumers, which has led to an increase in their spending on lifestyle products. This has resulted in an increase in the demand for beverage coasters, as they are a necessary accessory for any drink.
- Rising popularity of cocktails and other alcoholic drinks: Beverage coasters are also becoming popular due to the rising popularity of cocktails and other alcoholic drinks. These drinks tend to leave behind stains on tables and other surfaces, which can be avoided by using a coaster.
- Growing trend of customization: Another key driver for the growth of the beverage coaster market is the growing trend of customization, wherein consumers are looking for unique products that reflect their personal style preferences. Beverage coasters offer a great opportunity for customization with respect to design, color, and material used etc., thereby attracting more consumers towards them.
Scope Of The Report
Report Attributes
Report Details
Report Title
Beverage Coaster Market Research Report
By Type
Paper Beverage Coaster, Foam Beverage Coaster, Others
By Application
Commercial Use, Residential Use
By Companies
Rexall, Cangnan Worldwide Gifts, Coaster Factory, Yangjiang Zhixiang Industry & Trade, Guangzhou Artgift Trading, Shenzhen Longgang Jinweixin Silicone Product Factory
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Beverage Coaster Market Report Segments:
The global Beverage Coaster market is segmented on the basis of:
Types
Paper Beverage Coaster, Foam Beverage Coaster, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Residential Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rexall
- Cangnan Worldwide Gifts
- Coaster Factory
- Yangjiang Zhixiang Industry & Trade
- Guangzhou Artgift Trading
- Shenzhen Longgang Jinweixin Silicone Product Factory
Highlights of The Beverage Coaster Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Paper Beverage Coaster
- Foam Beverage Coaster
- Others
- By Application:
- Commercial Use
- Residential Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Beverage Coaster Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A beverage coaster is a small, decorative coaster made of porcelain or other ceramic material that is used to cool beverages.
Some of the major players in the beverage coaster market are Rexall, Cangnan Worldwide Gifts, Coaster Factory, Yangjiang Zhixiang Industry & Trade, Guangzhou Artgift Trading, Shenzhen Longgang Jinweixin Silicone Product Factory.
The beverage coaster market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Beverage Coaster Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Beverage Coaster Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Beverage Coaster Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Beverage Coaster Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Beverage Coaster Market Size & Forecast, 2020-2028
4.5.1 Beverage Coaster Market Size and Y-o-Y Growth
4.5.2 Beverage Coaster Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Paper Beverage Coaster
5.2.2 Foam Beverage Coaster
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Residential Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Beverage Coaster Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Beverage Coaster Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Paper Beverage Coaster
9.6.2 Foam Beverage Coaster
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Residential Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Paper Beverage Coaster
10.6.2 Foam Beverage Coaster
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Residential Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Paper Beverage Coaster
11.6.2 Foam Beverage Coaster
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Residential Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Paper Beverage Coaster
12.6.2 Foam Beverage Coaster
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Residential Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Paper Beverage Coaster
13.6.2 Foam Beverage Coaster
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Residential Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Beverage Coaster Market: Competitive Dashboard
14.2 Global Beverage Coaster Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rexall
14.3.2 Cangnan Worldwide Gifts
14.3.3 Coaster Factory
14.3.4 Yangjiang Zhixiang Industry & Trade
14.3.5 Guangzhou Artgift Trading
14.3.6 Shenzhen Longgang Jinweixin Silicone Product Factory
