Mug Market Size 2019 At More Than High CAGR By 2029 | TechSci Research
The Global Mug Market is being propelled by the growing demand for coffee and tea, coupled with advancements in design and materials during the forecast period 2025-2029.
TechSci
Research's report "Global Mug Market
- Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029," the market reached USD 24.84 Billion in 2023 and is expected to
grow at a CAGR of 9.67% from 2025 to 2029. The industry has transformed
significantly due to changing consumer preferences, lifestyle shifts, and the
introduction of innovative designs and materials. What was once a simple
kitchenware item is now a platform for personal expression and a popular gift
choice, showcasing a diverse range of mugs for various consumer segments.
A
notable trend in the global mug market is the increasing focus on
sustainability and the use of eco-friendly materials. With growing
environmental awareness, consumers prefer mugs made from bamboo, recycled
glass, or ceramics with eco-friendly glazing. Manufacturers are adapting to
more environmentally responsible practices, aligning with consumer demands for
eco-conscious choices. This trend not only reflects a commitment to
sustainability but also attracts a growing number of environmentally conscious
buyers.
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Customization and
personalization are driving the market, with personalized mugs gaining
popularity as thoughtful gifts for special occasions. The rise of e-commerce
has made it easier for consumers to order custom mugs, transforming them into
unique expressions of individuality.
Innovation
in mug design and materials is shaping the market, with manufacturers exploring
new concepts like heat-sensitive color-changing mugs and double-walled designs.
These innovations enhance functionality and appeal to consumers, providing a
competitive edge in the global market.
E-commerce
plays a pivotal role, offering convenience and a wide selection, leading to a
surge in online mug sales. Companies invest in user-friendly websites and
digital marketing to stay competitive and reach a broader customer base.
The
gifting culture also drives the market, with mugs being popular choices for
various occasions. Customizable options add a unique touch, creating spikes in
demand that companies need to anticipate and cater to.
In
conclusion, the global mug market is influenced by sustainability,
customization, innovation, e-commerce, and gifting culture. Adapting to these
drivers is crucial for companies to remain competitive in a dynamic market
landscape.
The
Global Mug Market is segmented by type, distribution channel, and region. True
porcelain mugs are in high demand due to their durability and aesthetic appeal.
Distribution channels include offline and online, while regions covered are
North America, Europe, Asia Pacific, Middle East & Africa, and South
America.
Major companies
operating in Global Mug Market are:
- Caribou
Coffee Company,
- De’Longhi
Appliances S.r.l.
- Epoca
International, Inc.
- Hamilton
Housewares Pvt. Ltd
- Hanowa
And Swiss Military
- Ignite
USA, LLC
- Keurig
Dr Pepper,
- SharkNinja
Operating LLC
- Thermos
L.L.C.
- Zojirushi
America Corporation
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"The
rise of gifting culture is expected to significantly impact the Global Mug
Market's growth. Increased demand for coffee and tea, coupled with design and
material innovations, will drive market expansion. With a wide array of
products catering to specific needs and the surge in online sales, the market
is growing impressively," noted Mr. Karan Chechi, Research Director at
TechSci Research.
The
report titled "Mug Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Material (Strengthened Glass, True
Porcelain, Vitreous Enamel, Stainless Steel, Plastic, Others), By Distribution
Channel (Offline, Online), By Region, By Competition, 2019-2029," evaluates the future growth potential
of the Global Mug Market. It provides insights into market size, structure, and
future growth, aiming to offer cutting-edge market intelligence for informed
investment decisions. Additionally, the report identifies and analyzes emerging
trends, drivers, challenges, and opportunities in the Global Mug Market.
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