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Bar Tools Market Share
In 2023, key companies including Carlisle Food Service Products, Cocktail Kingdom LLC, The Vollrath Company, OXO, and Riedel, held a combined market share of 15-20%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
These companies are channeling significant investments into research and development, aiming to craft innovative bar tools that align with the evolving demands of consumers. Competitive strategies are heavily centered on product differentiation. Manufacturers are not only enhancing their products with distinctive features but are also venturing into new geographic territories to seize emerging opportunities. In this ever-evolving landscape, those who adeptly innovate and stay attuned to market trends stand to gain a significant edge.
Bar Tools Market Companies
Major players operating in the bar tools industry are:
- ARC International
- Carlisle FoodService Products
- Cocktail Kingdom
- Cresimo
- Epic Products
- Luigi Bormioli
- Nambé
- Norpro
- OXO
- Rabbit Wine
- Riedel
- Vacu Vin
- Zenan
- The Vollrath Company
Why is the demand for cocktail shakers rising?
The cocktail shakers segment recorded USD 614.1 million in 2023 and is expected to grow at a CAGR of around 4.1% from 2024 to 2032 due to rising disposable incomes and the trend of home bartending.
How big is the global bar tools market?
The global bar tools industry was valued at USD 1.71 billion in 2023 and is estimated to grow at a CAGR of over 3.6% from 2024 to 2032, driven by the increasing popularity of home bartending and mixology.
How much is the U.S. bar tools industry worth?
The U.S. bar tools market was valued at USD 600.6 million in 2023 and is projected to grow at a CAGR of over 4% from 2024 to 2032, led by the increasing number of bars and restaurants and evolving social lifestyles.
Who are some of the prominent players in the bar tools industry?
Key players in the industry include ARC International, Carlisle FoodService Products, Cocktail Kingdom, Cresimo, Epic Products, Luigi Bormioli, Nambé, Norpro, OXO, and Rabbit Wine.