The global Drinkware Market size was valued at USD 3.87 billion in 2018 and is expected to register a CAGR of 3.1% from 2019 to 2025. The market is driven by factors, such as significant product demand from the hospitality and foodservice industry and increasing beverage consumption. Also, initiatives by major companies to introduce innovatively, designer products made of eco-friendly materials will boost market growth. For instance, the coffee sales by Cafe Coffee Day increased from 1.6 million cups in 2017 to over 2 million cups in 2018. Europe and North America are the major regional markets on account of high consumption beverages, such as coffee and hard drinks. Europe, in particular, is expected to be accountable for the largest market share over the forecast period.
The global Drinkware Market size was valued at USD 3.87 billion in 2018 and is expected to register a CAGR of 3.1% from 2019 to 2025. The market is driven by factors, such as significant product demand from the hospitality and foodservice industry and increasing beverage consumption. Also, initiatives by major companies to introduce innovatively, designer products made of eco-friendly materials will boost market growth. For instance, the coffee sales by Cafe Coffee Day increased from 1.6 million cups in 2017 to over 2 million cups in 2018. Europe and North America are the major regional markets on account of high consumption beverages, such as coffee and hard drinks. Europe, in particular, is expected to be accountable for the largest market share over the forecast period.
ОтветитьУдалить