NEW YORK, Dec. 11, 2023 /PRNewswire/ — The beer mug market is estimated to grow by USD 18.34 million from 2023 to 2028, growing at a CAGR of 3.48%. The beer mug market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer beer mug market are Arc Holdings, ARTon Products, bayerische glaswerke gmbh, Bormioli Rocco Spa, Borosil Ltd., Cello World Pvt. Ltd., Femora India Pvt. Ltd., Guangdong Garbo Industrial Co. Ltd., Hamilton Housewares Pvt. Ltd., Libbey Inc., Lowes Co. Inc., Ngwenya Glass Swaziland/Eswatini, Ocean Glass Public Co. Ltd., Pepperfry Pvt. Ltd., S Tirupati Balaji Glass Industries, Stoelzle Oberglas GmbH, TURKIYE SISE VE CAM FABRIKALARI A.S., Vetreria di Borgonovo Spa, Williams Sonoma Inc., and Zenan Glass.
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Company Offering:
- Arc Holdings – The company offers beer mug under brands such as Luminarc, Arcoroc, and Chef and Sommelier.
- ARTon Products – The company offers beer mugs such as Libbey tankard 16 oz, Libbey beer 4 oz, and Libbey pub glass 12 oz.
- bayerische glaswerke – The company offers beer mugs such as Spiegelau Beer Classics beer tulip, Spiegelau Beer Classics tall pilsner, and Spiegelau Beer Classics beer mug 0.5l.
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By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market.
- APAC is estimated to account for 42% of the global market growth during the forecast period. In the global beer mug market, APAC is one of the fastest-growing regions led by countries such as China, Australia, Japan, Vietnam, and India. Such growth can be attributed to the growth in the gross domestic product (GDP) and economy in APAC.
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- Impactful driver- Growing number of pubs, bars, hotels, and home bars
- Key Trend – Personalization of drinkware for gifting purposes
- Major Challenges – The criticality of inventory management and product sourcing
Market Segmentation
- The commercial segment is estimated to witness significant growth during the forecast period. Through speciality stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores, the revenue of the offline distribution channel is generated. In addition, the rise in house parties and drinking games among the youth population is anticipated to boost the consumption of alcoholic beverages.
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Related Reports:
The APAC Beer market size is projected to increase by USD 59.9 billion and the market size is estimated to grow at a CAGR of 4.5% between 2022 and 2027.
The beer market in US size is estimated to grow at a CAGR of 4.12% between 2022 and 2027. The beer market in US market size is forecast to increase by USD 24.15 billion.
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Beer Mug Market Scope |
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Report Coverage |
Details |
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Historic period |
2018-2022 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.48% |
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YoY growth 2022-2023 (%) |
2.72 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Key countries |
US, China, Germany, Russia, and Brazil |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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SOURCE Technavio
