Market Overview:
The global crystal decanter market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for premium alcoholic beverages and rising disposable income of consumers. Additionally, the growing trend of gifting crystal decanters is also propelling the growth of this market. On the basis of type, handmade crystal decanters are expected to dominate the market during the forecast period. This can be attributed to their unique designs and intricate craftsmanship that add value to these products. However, machine-made crystal decanters are also witnessing high demand due to their low prices and durability properties. Based on application, household applications are anticipated to account for a larger share in terms of revenue in 2018 as compared with commercial applications; however, commercial applications are projected grow at a higher CAGR over the forecast period owing increased adoption by hotels & restaurants.
Product Definition:
A crystal decanter is a container used to hold and pour alcoholic beverages. It is typically made from leaded crystal, which gives it a high degree of clarity and sparkle. Crystal decanters are often used as decorative objects, and some people believe that they improve the flavor of spirits by aerating them.
Handmade:
Handmade Decanters are made of glass and have crystal glasses as their base. They are used for aging or storing spirits, such as wine, whiskey, brandy or rum in the glass. The concept of handmade decanters is quite popular among consumers due to its aesthetic appeal along with functionality. It serves the purpose of a perfect companion for drinks serving at home parties and restaurants which is also driving the market growth factor.
Machine-made:
Machine-made is a type of cut glass that has been produced in a factory. The process of making machine-made glass is less complicated than hand made and it also saves time. Machine-made glass has uniform thickness, good color, and shape; all these properties make it suitable for decanters and other crystal ware products.
Application Insights:
The commercial application segment accounted for the largest share of more than 70.0% in 2017. The use of decanters in restaurants, hotels and other hospitality industries has become popular as a serving vessel for various cocktails including old-fashioned, flip and screw, rum punch, bloody marys among others to name a few. Moreover, the trend is also gaining traction among home bars across North America and Europe where people prefer to serve their guests premium cocktails made using high-quality alcohols such as cognacs or bourbons with different types of crystal decanters that add elegance to any bar setup.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing usage of decanters for serving and presenting wine at various social occasions, coupled with an increase in number of vineyards across U.S., Canada, and Mexico. Europe also held a significant share in the market due to high demand for crystal decanters from countries including France, Italy, Spain, Germany among others. Asia Pacific is projected to exhibit fastest growth over the forecast period owing to rising disposable income levels and changing lifestyles of consumers especially millennials along with rapid urbanization trends across major economies including China & India among others).
Growth Factors:
- Increasing demand for luxury products: The global luxury goods market is expected to grow at a CAGR of 5.8% during the forecast period, reaching a value of US$ 1,482 billion by 2025. This is owing to the increasing disposable income of consumers and their growing inclination towards luxurious lifestyle products. Crystal decanters are considered as one of the essential items in any luxurious bar set-up and hence, their demand is expected to rise in line with the overall growth of the luxury goods market.
- Rising popularity of cocktail culture: Cocktails have gained immense popularity in recent years, with people preferring them over traditional alcoholic beverages such as beer or wine. This has led to an increase in demand for bartending tools and accessories such as crystal decanters which are used for making cocktails.
- Growing trend towards personalized gifting: Gifting has always been a popular tradition around various occasions such as birthdays, anniversaries, weddings etc., However, there is a growing trend among consumers towards gifting personalized items instead of generic ones. Crystal decanters offer great potential for personalization through engraving or etching and this is likely to drive their demand in the coming years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Crystal Decanter Market Research Report
By Type
Handmade, Machine-made
By Application
Household, Commercial
By Companies
Ngwenya Glass, Godinger, Pewter, Riedel, Zalto, Ravenscroft Crystal, Wine Enthusiast, Zwiesel, Waterford Crystal, Royal Doulton, RBT, BOMMA, Nason Moretti, Nude, Vista Alegre
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Crystal Decanter Market Report Segments:
The global Crystal Decanter market is segmented on the basis of:
Types
Handmade, Machine-made
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
Household, Commercial
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:
- Ngwenya Glass
- Godinger
- Pewter
- Riedel
- Zalto
- Ravenscroft Crystal
- Wine Enthusiast
- Zwiesel
- Waterford Crystal
- Royal Doulton
- RBT
- BOMMA
- Nason Moretti
- Nude
- Vista Alegre
Highlights of The Crystal Decanter 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:
- Handmade
- Machine-made
- By Application:
- Household
- Commercial
- 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 Crystal Decanter 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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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?
Crystal decanter is a type of wine glass that has been designed with a crystal stem. The design gives the glass an elegant and expensive appearance.
Some of the major players in the crystal decanter market are Ngwenya Glass, Godinger, Pewter, Riedel, Zalto, Ravenscroft Crystal, Wine Enthusiast, Zwiesel, Waterford Crystal, Royal Doulton, RBT, BOMMA, Nason Moretti, Nude, Vista Alegre.
The crystal decanter market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crystal Decanter 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 Crystal Decanter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crystal Decanter 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 Crystal Decanter 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 Crystal Decanter Market Size & Forecast, 2020-2028
4.5.1 Crystal Decanter Market Size and Y-o-Y Growth
4.5.2 Crystal Decanter 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 Handmade
5.2.2 Machine-made
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crystal Decanter 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 Crystal Decanter 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 Handmade
9.6.2 Machine-made
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 Household
9.10.2 Commercial
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 Handmade
10.6.2 Machine-made
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 Household
10.10.2 Commercial
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 Handmade
11.6.2 Machine-made
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 Household
11.10.2 Commercial
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 Handmade
12.6.2 Machine-made
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 Household
12.10.2 Commercial
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 Handmade
13.6.2 Machine-made
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 Household
13.10.2 Commercial
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 Crystal Decanter Market: Competitive Dashboard
14.2 Global Crystal Decanter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ngwenya Glass
14.3.2 Godinger
14.3.3 Pewter
14.3.4 Riedel
14.3.5 Zalto
14.3.6 Ravenscroft Crystal
14.3.7 Wine Enthusiast
14.3.8 Zwiesel
14.3.9 Waterford Crystal
14.3.10 Royal Doulton
14.3.11 RBT
14.3.12 BOMMA
14.3.13 Nason Moretti
14.3.14 Nude
14.3.15 Vista Alegre
