Wine Glasses Market is Expected to Show a Significant Growth During the Forecast Period 2019 – 2028

Posted on 2020-06-05 by researchinsights in Food & Beverage // 0 Comments

05th June 2020 – The global Wine Glasses Market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the growing preference towards wine among different alcoholic beverages across the globe and the rise in number of distribution channels. The factors attributed to success of wine glasses market include easy availability in supermarkets, hypermarkets, department stores, e-commerce websites and retail stores. Rising consumer base in European and North America region is expected to drive the growth of the market over the forecast period.

Rising per capita income, and improved living standards, particularly in the developing economies such as India, China, Brazil and South Africa are fostering the demand for wine glasses over the past few years. Growing penetration of e-commerce in newer market is the key industry trend associated with wine glasses market during the forecast period. Availability of a wide product range including wider round wine glasses, thinner round wine glasses and square wine glasses are anticipated to fuel market demand for wine glasses. Typically, wider round wine glasses are used for consummation of red wine, while thinner round wine glasses are used for consummation of white wine.

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Increasing manufacturing activities in the European and Asia Pacific region, coupled with rapid advancement in glassware sector are anticipated to stimulate market development during the forthcoming years. In addition, increasing consummation of wine from cinemas, bookstores and car washing stations alongside large-scale grocery stores such as Kroger, Wegmans, and Whole Foods serve food and on premise wine is projected to expand market reach for wine glasses industry during the forecast period.

Based on product type, the wine glass market is separated into several major market segment including red wine glasses, white wine glasses, port wine glasses and balloon structured wine glasses. Red wine glasses segment currently holds major market share over the past few years, in comparison with other market segments. Rising popularity of red wine glasses is credited to preference towards red wine over the other wine types. Red wine glasses segment is further categorized into cabernet wine glasses, burgundy wine glasses and bordeaux wine glasses.

Leading players of Wine Glasses including:

Riedel
Spiegelau
Libbey
Luminarc
Baccarat
Christofle
Ocean
Cheer
SchottZwiesel

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Wine Glasses in these regions, from 2012 to 2023 (forecast), covering

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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