Bar & Wine Accessories Market Size, Share, Growth & Industry Analysis, By Product Type (Wine Accessories, Bar Accessories, Other Accessories), By End Use [Business to Business (B2B), Business to Customers (B2C)], By Sales Channel (Direct Sales, Others), and Regional Analysis, 2024-2031

Market Definition

The bar & wine accessories industry encompasses products designed to enhance the presentation and consumption of alcoholic beverages, such as wine glasses, corkscrews, decanters, cocktail shakers, and bar tools. These accessories are essential for both professionals and home users, fostering trends in mixology and consumer engagement with wine and spirits.

Bar & Wine Accessories Market Overview

The global bar & wine accessories market size was USD 2,470.0 million in 2023, which is estimated to be valued at USD 2,580.4 million in 2024 and is projected to reach USD 3,660.2 million by 2031, growing at a CAGR of 5.12% from 2024 to 2031.

The growing trend of home entertaining, fueled by demand for personalized gatherings and social experiences, has led to a surge in need for high-quality bar & wine accessories as consumers invest in premium tools to elevate at-home events.

Major companies operating in the bar & wine accessories industry are Tiroler Glashütte GmbH, Vacu Vin BV, OXO, Wine Enthusiast Companies, Steelite International, Coravin, Cocktail Kingdom, MANEK METAL INDUSTRIES, Libbey, Ozeri, Alessi SpA, SPEEDX HOSPITALITY PRIVATE LIMITED, Mason Home, Bayerische Glaswerke GmbH, CASAGOLD, and others.

The market is characterized by a diverse range of functional and esthetically appealing products for both casual and professional use. With a focus on quality, innovation, and design, the market caters to both home enthusiasts seeking premium items and commercial establishments requiring durable tools. Consumer preferences and evolving trends sustain steady demand.

• In November 2024, Giobagnara partnered with a renowned designer to launch the Maris collection. Inspired by coastal landscapes, this barware line blends organic forms with exceptional craftsmanship, offering versatile solution for both indoor and outdoor hosting.

Key Highlights:

1. The global bar & wine accessories market size was recorded at USD 2,470.0 million in 2023.
2. The market is projected to grow at a CAGR of 5.12% from 2024 to 2031.
3. North America held a share of 36.41% in 2023, valued at USD 899.3 million.
4. The wine accessories segment garnered USD 1,040.4 million in revenue in 2023.
5. The business to customers (B2C) segment is expected to reach USD 2,095.2 million by 2031.
6. The online retailers segment is anticipated to witness the fastest CAGR of 5.82% over the forecast period
7. Asia Pacific is anticipated to grow at a CAGR of 5.75% through the projection period.

Market Driver

"Growing Demand for Wine Culture"

The growing demand for wine culture is driving the growth of bar & wine accessories market. The growing wine consumption across various demographics is fueling demand for accessories such as corkscrews, decanters, wine glasses, and preservation tools.

This cultural shift toward wine appreciation promotes both collectors and casual drinkers to invest in high-quality accessories, boosting market expansion. Furthermore, the increasing sophistication of wine enthusiasts fuels interest in products that complement the tasting, serving, and storage of fine wines.

• In December 2023, the Macao Institute for Tourism Studies (IFTM) supported the "Encounter in Macao – Arts and Cultural Festival between China and the Portuguese-speaking Countries." Four successful Portuguese wine tasting workshops were held, offering participants insights into wine culture and pairings.

Market Challenge

"Changing Consumer Preferences"

Changing consumer preferences pose a significant challenge to the expansion of the bar & wine accessories market, as shifting trends and evolving tastes can make it difficult for manufacturers to predict demand.

To adapt, manufacturers must invest in continuous market research, offer customizable and sustainable products, and drive innovation. Building strong consumer relationships enables feedback collection, ensuring alignment with evolving trends.

Market Trend

"Integration of Smart Technology in Wine & Bar Accessories"

The integration of technology into bar & wine accessories is a a notable trend impeding the growth of the market, with smart barware gaining significant traction. Products such as smart wine aerators, wine preservation systems, and temperature-controlled wine glasses are becoming increasingly popular among consumers.

These innovations enhance the wine-drinking experience by improving flavor, maintaining optimal temperatures, and preserving wine quality for extended periods. As consumers prioritize convenience and precision, the demand for high-tech solutions is reshaping the market in both home and professional settings.

Bar & Wine Accessories Market Report Snapshot

Market Segmentation:

• By Product Type (Wine Accessories, Bar Accessories, and Other Accessories): The wine accessories segment earned USD 1,040.4 million in 2023, mainly due to increasing consumer demand for premium wine experiences and personalized accessories.
• By End Use (Business to Business (B2B) and Business to Customers (B2C)): The business to customers (B2C) segment held a share 58.79% of in 2023, largely attributed to rising consumer demand for home entertainment and the growing popularity of online wine and bar accessory shopping.
• By Sales Channel (Direct Sales, Specialty Stores, Online Retailers, and Others): The specialty stores segment is projected to reach USD 1,464.2 million by 2031, fueled by the surging preference for in-store shopping experiences and availability of high-end products.

Bar & Wine Accessories Market Regional Analysis

Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

North America bar & wine accessories market captured a share of around 36.41% in 2023, valued at USD 899.3 million. This dominance is reinforced by high disposable income, a strong culture of wine and cocktail consumption, and a growing interest in premium barware.

The region's well-established hospitality industry and large number of home entertainers further fuel demand for high-quality wine and bar accessories. Additionally, the increasing trend of home-based gatherings and specialized wine experiences supports the regional market growth.

• According to the Wine Institute, the average wine consumption per person in the U.S. was 2.68 gallons, contributing to a total of 899 million gallons of wine consumed nationwide.

Asia Pacific bar & wine accessories industry is set to grow at a CAGR of 5.75% over the forecast period. This growth is propelled by rapid urbanization, rising disposable incomes, and evolving consumer lifestyles.

As wine consumption grows in countries such as China, Japan, and India, the demand for quality wine and bar accessories increases. The expanding middle class, coupled with a rising interest in Western drinking culture and home entertainment, accelerates the adoption of premium barware products.

• In May 2024, Sula Vineyards' RASA Cabernet Sauvignon secured India’s first gold at the Global Masters, highlighting the growing prominence of Indian wines. This achievement reflects the growing wine culture in India, fueling demand for premium wine accessories.

Regulatory Framework

• In U.S., the Alcohol and Tobacco Tax and Trade Bureau (TTB), under the Department of the Treasury, oversees tax collection for alcohol, tobacco, firearms, and ammunition. It ensures product integrity, regulates industry entry, and prevents unlawful market practices in the alcohol and tobacco sectors.
• The Food Standards Agency (FSA) is responsible for food safety and food hygiene in England, Wales and Northern Ireland. It collaborates with local authorities to enforce regulations and oversees wine-related products to ensure compliance with health and safety laws.
• Food Standards Australia New Zealand (FSANZ) works with food and health authorities in Australia and New Zealand to safeguard public health by ensuring a safe food supply..

Competitive Landscape

The global bar & wine accessories market is characterized by a large number of participants, including both established corporations and emerging players. Market participants are focusing on enhancing consumer experiences through digital resources.

They are launching online platforms to provide valuable information on wine tourism, offering features such as interactive maps, user reviews, and seamless reservation systems. These platforms cater to wine enthusiasts by making it easier to explore, plan, and book winery visits, boosting engagement with the wine culture.

• In July 2024, Wine Enthusiast Companies launched the Wine Enthusiast Tasting Room Directory, enhancing wine tourism. This digital platform, offering vineyard information, reviews, and booking tools, supports the growing wine culture, boosting demand for wine accessories and related services.

List of Key Companies in Bar & Wine Accessories Market:

• Tiroler Glashütte GmbH
• Vacu Vin BV
• OXO
• Wine Enthusiast Companies
• Steelite International
• Coravin
• Cocktail Kingdom
• MANEK METAL INDUSTRIES
• Libbey
• Ozeri
• Alessi SpA
• SPEEDX HOSPITALITY PRIVATE LIMITED
• Mason Home
• Bayerische Glaswerke GmbH
• CASAGOLD

Recent Developments (Expansion)

• In March 2023, Wine Enthusiast Companies announced new region assignments for its France tasters. This move, enhancing wine reviews and expanding coverage, supports the growing global wine culture, driving demand for quality wine accessories to complement the increasing wine appreciation.