Global Decanter Market Size By Material (Glass, Plastic), By End User (Commercial, Residential), By Sales Channel (Offline Channels, Online Channels), By Geographic Scope And Forecast

Decanter Market Size And Forecast

Decanter Market size was valued at USD 385.82 Million in 2024 and is projected to reach USD 510.01 Million By 2031, expanding at a CAGR of 3.55% from 2024 to 2031.

The market is growing considerably due to factors such as increasing popularity, rising trend of home entertainment, and wine consumption among consumers are anticipated to drive the demand for decanters. Additionally, the growing appreciation for wine and the need to enrich its flavor and aroma through suitable aeration drive the sales of decanters. Moreover, the expanding wine industry, in terms of production and consumption, predominantly in emerging markets, is a significant driver for the Decanter Market.

Global Decanter Market Definition

Picture thisyou've got a special occasion, and you're pouring that exquisite wine. But hold on, there's something that can make it even better! Enter the decanter, a fancy container made of glass or crystal. It's got a big bottom for stability, a narrow neck to pour easily, and a lid to keep the goodness inside. But why bother with this extra step? Well, decanting lets your wine "breathe" and get some air. This wakes up the flavors and aromas, making every sip a delight. And here's the secret weapondecanting also gets rid of any yucky sediment that might have built up in the bottle over time, especially in those older wines. This stuff can spoil the party, but the decanter acts like a filter, keeping your wine smooth and clear. So, the next time you're pouring something special, give it some decanter love. It's the secret to a drinking experience that will make you say, "Wow!"

Moreover, decanters help the process of aeration, which involves exposing the spirit or wine to air, which allows the spirit to oxidize and release its aroma and flavor completely. This process enhances the overall taste profile and improves the sensory experience for consumers. Decanters come in several sizes, shapes, and designs, ranging from traditional, sophisticated to modern, and artistic, that cater to different occasions and preferences. The decanters are often considered both decorative and functional, which adds a touch of sophistication to the serving and enjoyment of beverages.

Global Decanter Market Overview

As people around the globe embrace the world of wine, a growing number of enthusiasts are seeking ways to maximize their enjoyment. Enter the decanter, a tool designed to enhance the flavors and aromas of wine. Decanters are not just fancy containers; they allow wine to breathe, releasing its hidden nuances through a process called aeration. This ritual transforms the wine, making it a must-have for wine lovers. The increasing popularity of wine consumption is a major reason why the demand for decanters is soaring. According to a recent report, global wine consumption is estimated to be around 232 million hectoliters, and it's still growing. This has created a booming market for decanters, which are now essential tools for wine enthusiasts seeking the ultimate taste experience.

Additionally, the increasing trend of hosting home entertaining programs and social gatherings is expected to positively contribute to the demand for decanters. Using decanters to serve wine or other beverages adds an elegant touch to the presentation, improving the experience and elevating the overall ambiance. Wine enthusiasts and connoisseurs recognize the significance of proper aeration to enrich the aroma and flavor of the wine. Decanting the wine allows it to mix with oxygen, which can mellow flavors, soften harsh tannins, and release complex aromas.

This improves taste and sensory experience, thereby further driving the demand for decanters among wine enthusiasts. Additionally, the growing wine industry in production and consumption is expected to contribute to the market’s growth. The growth of the wine industry is substantial in Brazil, China, and India. For instance, according to an article by Wein. Plus, the consumption of wine in India was anticipated to increase by 29% in 2022; factors contributing to the industry growth are growing disposable income and increasing awareness about the wine industry.

As the world drinks more wine, there's a growing thirst for the tools that make the experience even more enjoyable. Decanters, those elegant glass vessels that let wine breathe and enhance its flavor, are becoming increasingly popular. Wineries, restaurants, and hotels are racing to meet this demand, recognizing that decanters are an essential part of the fine dining experience. The boom in the hotel industry across Asia-Pacific, Latin America, and Africa is fueling this demand even further. More and more people are enjoying a glass of wine in their favorite hotel or restaurant, and as they become more discerning, they expect top-notch glassware to accompany their drink. And with more people working long hours and seeking a relaxing way to unwind at the end of the day, the demand for high-quality wine and its accessories is expected to keep growing.

Global Decanter Market Segmentation Analysis

The Global Decanter Market is Segmented on the basis of Material, End User, Sales Channel, And Geography.

Decanter Market, By Material

• Glass
• Plastic

Based on Material, the market is segmented into Glass and Plastic. The Glass segment accounted for the largest market share in 2022. The segment’s growth can be attributed to factors such as transparency, aesthetics, durability, ease of cleaning, preservation, and versatility of the glass decanters, which are driving the adoption of the glass decanters. The glass decanters also come with a lid or stopper that allows sealing and preserving the contents in the decanters, which is beneficial particularly for wines, which benefit from extended aeration and storing the leftover wine that helps to maintain flavors and freshness.

Decanter Market, By End User

• Commercial
• Residential

Based on End User, the market is segmented into Commercial and Residential. The Residential segment contributed the highest share in 2022. Factors contributing to the growing consumption of wine in developed and developing nations and the increasing trend of hosting home entertaining programs and social gatherings. Despite this, the commercial segment is expected to grow lucratively due to the growing hospitality industry’s rapid expansion in the developing economies due to the expanding working population in this region.

Decanter Market, By Sales Channel

• Offline Channels
• Online Channels

Based on Sales Channel, the market is segmented into Offline Channels and Online Channels. The Offline Channel segment contributed the largest market share in 2022. The offline segment accounts for specialty stores that specialize in selling glasses, barware, or specialized alcohol equipment. The increasing number of these stores globally due to the growing demand for these containers is expected to contribute to the segment’s growth. Despite this, the online segment is anticipated to grow lucratively due to the increasing preference of manufacturers to sell their products through websites or e-commerce.

Decanter Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Let's zoom into the different parts of the world where decanters are popular. In 2022, Europe was the star player, taking the biggest slice of the decanter market. Why? Because Europeans love their wine and other boozy drinks! And with so many fancy restaurants and hotels opening there, they need a place to show off those fancy decanters. Like that one time, back in 2022, when International Supermarket News said Europeans drank a whopping 151 million hectoliters of wine. Asia Pacific is also on the up and up for decanters. More and more people there are discovering the joys of a good glass of wine or a shot of something stronger.

Key Players

The “Global Decanter Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Bormioli Luigi S.p.A., Fiskars Group, Godinger, Lenox, Ngwenya Glass, Prestige Decanters, Riedel, Royal Selangor, Saver Glass, and Tossware.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In October 2022, Fiskars Group announced it had invested EUR 10 million in the Iittala glass factory in Hämeenlinna, Finland. The company plans to shift from natural gas-powered furnaces to electricity-based ones through this investment.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Decanter Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Decanter Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research