Global Drinkware Accessories Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Drinkware Accessories Market Analysis

The drinkware accessories market is evolving with the latest methods and technological advancements, including smart coasters with temperature control and self-cleaning bottle caps utilizing UV-C light. Growth is driven by increasing consumer demand for innovative, health-conscious products. Sustainability trends, such as biodegradable materials and reusable designs, are also propelling market expansion, reflecting a shift towards eco-friendly lifestyles.

Drinkware Accessories Market Size

The global drinkware accessories market size was valued at USD 18.65 billion in 2023 and is projected to reach USD 27.13 billion by 2031, with a CAGR of 4.80% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Drinkware Accessories Market Trends

“Increasing Popularity of Personalized Drinkware”

The trend of personalized drinkware is significantly boosting the growth of the drinkware accessories market. Consumers increasingly seek customized products that reflect their individuality, preferences, and lifestyles. This trend is evident in the surge of companies offering personalized engraving, color options, and unique designs on drinkware items such as water bottles, coffee mugs, and tumblers. For instance, brands such as YETI and Hydro Flask have expanded their customization services, allowing customers to choose from various colors and add personalized text or logos. This personalization trend enhances the user experience and drives higher sales and customer loyalty in the drinkware accessories market.

Report Scope and Drinkware Accessories Market Segmentation      

Drinkware Accessories Market Definition

Drinkware accessories enhance the experience of enjoying beverages. They include items such as coasters, drink stirrers, glass markers, bottle openers, and wine stoppers. These accessories add functionality and style, protecting surfaces, identifying drinks, and preserving the quality of beverages. Available in various designs and materials, they cater to both casual and formal settings, making them versatile additions to any drinkware collection.

Drinkware Accessories Market Dynamics

Drivers

• Increasing Beverage Consumption

Increasing beverage consumption, including both alcoholic and non-alcoholic options, drives demand for drinkware accessories such as coasters, stirrers, and drink markers. For instance, the rise in craft cocktail culture has led to more home bartenders seeking quality accessories, while the growing popularity of health drinks has spurred interest in reusable straws and infusers. This trend boosts the market for diverse, innovative drinkware accessories that enhance the drinking experience.

• Growth of E-commerce

The expansion of e-commerce platforms significantly drives the drinkware accessories market by providing increased accessibility and a broader range of products. For instance, online retailers such as Amazon and Etsy offer a vast selection of customizable drinkware accessories, catering to diverse consumer preferences. This accessibility boosts consumer convenience and enhances market visibility for niche and innovative products, fueling overall drinkware accessories market growth.

Opportunities

• Influence of Social Media and Marketing

Social media marketing creates significant opportunities in the drinkware accessories market by enhancing consumer awareness and engagement. For instance, Instagram influencers showcasing stylish and functional drinkware, such as personalized tumblers or eco-friendly straws, generate buzz and attract followers. Brands such as S'well leverage social media campaigns to highlight their trendy designs and features, driving consumer interest and boosting sales. This dynamic presence on social platforms fuels market growth.

• Rising Popularity of Home Mixology

The rising trend of home mixology creates significant opportunities in the drinkware accessories market. As more consumers engage in crafting cocktails at home, there is a growing demand for specialized tools such as jiggers, strainers, and muddlers. For instance, the popularity of home bartending kits has surged, with products such as stainless steel cocktail shakers and precise measuring jiggers seeing increased sales, reflecting this market opportunity.

Restraints/Challenges

• High Production Costs

High production costs are a significant restraint for the drinkware accessories market. Manufacturing premium items, such as those made from stainless steel or glass, incurs substantial expenses. This results in higher prices for consumers, potentially limiting market growth and reducing affordability. As costs rise, the market may face challenges in expanding, especially among price-sensitive segments and in competitive environments where lower-cost alternatives are available.

• Changing Consumer Preferences

Changing consumer preferences in drinkware accessories poses a significant challenge. Trends can shift rapidly, making it difficult for companies to keep pace. This requires constant market research and innovation to stay relevant. Failure to adapt to these evolving demands can hinder market growth, as businesses may struggle to offer products that align with the latest consumer tastes and preferences.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Drinkware Accessories Market Scope

The market is segmented on the basis of product type, material type, end use, and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Bottle
• Glass
  • Cocktail
  •  Highball
  •  Rocks
  •  Shot Glass
  • Plastic Tumbler
  • Others
• Muddler
• Straws
  • Stainless Steel
  •  Plastic
• Cocktail Shaker
• Jigger
• Bottle Pourer
• Bottle Sling
• Bottle Cap
• Bottle Lids
• Bottle Chug Cap
• Bottle Straw Cap
• Tumbler Handles
• Tumble Straw Lids
• Beverage Holders
• Bottle Key
• Others

 Material Type

• Plastic
• Metal
• Synthetic
• Glass
• Rubber
• Paper
• Vinyl
• Silicone
• Neoprene
• Steel
• ABS
• Stainless
• 304 Stainless Steel
• Leather
• Fabric
• Acrylic

 End Use

• Restaurants
• Hotels
• Bars
• Households
• Others

 Sales Channel

• Online Distribution Channel
  • Company Owned Websites
  • E- Commerce Platforms
• Offline Distribution Channel
  • Speciality Stores
  • Hyper Markets
  •  Super Markets
  • Departmental Stores
  •  Convenient Store

Drinkware Accessories Market Regional Analysis

The market is analyzed and market size insights and trends are provided by product type, material type, end use and sales channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe is expected to dominate the drinkware accessories market, continuing its trend of leadership throughout the forecast period. This dominance is driven by the robust growth of the drinkware industry in the region, which fuels demand for various accessories. Key factors include rising consumer preferences and increasing investments in innovative drinkware solutions.

Asia-Pacific is expected to undergo substantial gains in the drinkware accessories market, registering the highest CAGR during the forecast period. This growth is driven by rising personal disposable income and improved lifestyle standards. As consumer spending increases, the demand for diverse and premium drinkware accessories inclueding eco-friendly straw, reusable bottle cover and others are anticipated to surge across the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Drinkware Accessories Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Coolie Junction (U.S.)
• DOPPER (Netherlands)
• Newell Brands (U.S.)
• Amcor plc (Australia)
• Mizu Life (U.S.)
• Thermos L.L.C. (U.S.)
• Bormioli Rocco S.p.A. (Italy)
• Hydro Flask (U.S.)
• Klean Kanteen (U.S.)
• CamelBak (U.S.)
• Vapur (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• Arc International (France)
• soulproducts GmbH (Germany)
• Libbey Inc. (U.S.)
• Ocean Glass Public Company Limited (Thailand)

Latest Developments in Drinkware Accessories Market

• In February 2023, Steelite International formed a partnership with RCR Crystalleria Italiana (RCR) to distribute premium eco-crystal glassware. The collaboration highlights RCR’s innovative use of recycled materials in crafting highly break-resistant glasses. This eco-friendly initiative aims to promote sustainability in the glassware market by offering durable, environmentally responsible products

SKU-66802