Bar and Wine Accessories Market by Product Type (Decanter & Glass, Corkscrews & Openers, Cocktail Shaker, Othe Product Types), Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Bar and Wine Accessories Market by Product Type (Decanter & Glass, Corkscrews & Openers, Cocktail Shaker, Othe Product Types), Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Bar and Wine Accessories Market Size

The global bar and wine accessories market size was valued at $2.80 billion in 2024 and is projected to reach $3.88 billion by 2030, growing at a CAGR of 5.6% during the forecast period.

Bar and Wine Accessories Market Overview

Bar and wine accessories encompass a diverse array of tools and equipment specifically designed to transform the serving, preparation, and enjoyment of alcoholic beverages, particularly wines and cocktails. Beyond mere functionality, these accessories elevate the experience in bars, restaurants, and homes by making the process of serving and consuming drinks more convenient, enjoyable, and efficient. Among the commonly encountered bar and wine accessories are cocktail shakers, bottle openers, wine aerators, and wine stoppers. Beyond their functional utility in facilitating drink preparation and access, these implements contribute a sense of refinement and sophistication to any bar or dining environment. Whether employed by professional bartenders or aficionados at home, the acquisition of high-quality bar and wine accessories can significantly elevate the overall drinking experience.

Bar and Wine Accessories Market Dynamics

• The bar and wine accessories market is expected to witness significant growth in the future due to the Increasing demand for premium and customized bar and wine accessories the growing popularity of home entertaining and cocktail culture, and the rising disposable income and changing consumer lifestyles.
• Additionally, expansion of the hospitality industry, including bars, restaurants, and hotels and the innovation in product design and materials are the prominent factors driving the growth of the market.
• However, competition from alternative packaging and the stringent regulations and legal restrictions are restraining the market growth.
• On the contrary, expanding online retail platforms and the growing trend of home mixology are creating opportunities for market growth.

By Application, Restaurants & Bars Segment held the Larger Market Share, and it would continue on this Path during the Forecast Period

The restaurants & bars segment dominated the market share and is expected to maintain its leading position throughout the forecast period owing to the increased product demand fueled by the increasing popularity of a diverse range of beverages, notably whiskey and wine, commonly served at pubs, restaurants, and bars. The segment's growth trajectory is further propelled by the expanding millennial workforce and a rise in younger consumers with habitual alcohol consumption patterns. These demographic shifts are anticipated to bolster the demand for accessories tailored for use in restaurants and bars, reflecting evolving consumer preferences and lifestyle choices. As socializing in such establishments remains a prevalent aspect of modern urban culture, the demand for associated accessories is expected to remain robust, driving market growth in this segment.

By Geography, Asia Pacific Dominates by Being the Largest Market for Bar and Wine Accessories

The Asia Pacific leads as the primary market for bar and wine accessories during the forecast period with China emerging as the primary contributor to regional market revenue due to the rising population and expanding urbanization in countries like China and India. Furthermore, the bar and wine market in Asia Pacific is forecasted to experience significant growth in the coming years, buoyed by increasing popularity among millennials. The escalating consumption of alcoholic beverages, particularly wine and whiskey, compared to alternative options, is expected to fuel demand for bar and wine accessories throughout the forecast period.

Key Target Audience:

• Manufacturers and Retailers
• Distributors and Consumers
• Hospitality Industry
• Bar and Restaurant Owners
• Retailers and Wholesalers
• E-commerce Platforms
• Beverage Industry

List of the Key Players Profiled in the Report Includes:

• Arc International
• Riedel
• Vacu Vin
• Oxo
• Wine Enthusiast Companies
• Bormioli Rocco
• Tablecraft Products Company, Inc.
• Libbey
• Cocktail Kingdom
• Manek Metal Industries
• Steelite international
• Ozeri

Recent Developments:

• In August 2023, a partnership was announced between Jason Wilson of Everyday Drinking and Wine Enthusiast Company to establish a specialized content relationship. Wilson's focus is to address weekly issues and suggestions in the beverages sector, catering to both industry professionals and consumer groups.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product Type:

• Decanter & Glass
• Corkscrews & Openers
• Cocktail Shaker
• Other Product Types

Market by, Application:

• Restaurants & Bars
• Household

Market by, Geography:

The bar and wine accessories market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Bar and Wine Accessories Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.