Beverage Coaster Market Size, Share, Growth, and Industry Analysis, By Type (Paper Beverage Coaster, Foam Beverage Coaster and Others), By Application (Commercial Use and Residential Use) and Regional Forecast to 2033

•   
•   
  

  Download Free Sample to learn more about this report

    

BEVERAGE COASTER MARKET REPORT OVERVIEW

The beverage coaster market stood at USD 0.2 billion in 2024 and is projected to expand to USD 0.21 billion in 2025, eventually reaching USD 0.25 billion by 2033, driven by a CAGR of 3% from 2025 to 2033.

A beverage coaster is used to rest a glass on and to save the surface of a table or countertop from any potential damage. Paperboard, cork, rubber, plastic, wood or stone are mostly used for coasters to take care of condensation from cold drinks and keep surfaces furnished with heat from hot beverages.

COVID-19 IMPACT

Beverage Coaster Industry Had a Negative Effect Due to Decline in Hospitality and Food Service Sector Demand during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A major result of the pandemic was that the demand dropped sharply for coasters in hospitality and food service industries. Because of various restrictions, many restaurants, bars, cafes and hotels could not fully operate.

LATEST TRENDS

Emphasis on Sustainability and Eco-Friendly Materials to Propel Market Growth

Care for the environment is encouraging buyers to purchase coasters fashioned from bamboo, cork, recycled papers and eco-friendly composite materials. Therefore, manufacturing companies are using plant-based and recyclable materials, accommodating the worldwide goal of sustainability and satisfying environmentally-conscious consumers. For example, Patina Restaurant Group made its coasters from paper coated with wildflower seeds so they could be planted later on.

•   
•   
  

  Download Free Sample to learn more about this report

    

BEVERAGE COASTER MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Paper Beverage Coaster, Foam Beverage Coaster and Others.

• Paper Beverage Coaster- Paper coasters are very common and reasonably priced in restaurants, cafes and events.

• Foam Beverage Coaster- They are made from foam material that provides softness as well as good usability.

By Application

Based on application the global market can be categorized into Commercial Use and Residential Use.

• Commercial Use- In these places, beverage coasters support the business in both regular and advertising functions.

• Residential Use- Using beverage coasters in homes helps prevent surfaces on coffee tables, dining tables and countertops from getting marks and stains from drinks that are either very hot or very cold.

MARKET DYNAMICS

Driving Factors

Growth of the Food and Beverage Industry to Drive Market Advancement

One of the key driving factors in the Beverage Coaster market growth is the Growth of the Food and Beverage Industry. The growth in the world’s food and beverage industry is a major cause for the rise of the beverage coaster market. As more cafes, restaurants, pubs and bars appear, people’s need for clean and appealing coasters also increases.

Increasing Focus on Branding and Customization to Expand the Market

More companies are using coasters to promote their brands. Coasters printed with a logo or other artwork help make the brand more recognizable and memorable for customers. In hospitality and event management, making unique coasters is very popular for both their use and as a marketing tool.

Restraining Factor

Environmental Concerns and Single-Use Waste to potentially impede Market Growth

An important challenge is the increased attention and rules related to conserving the environment. A lot of the cheap and disposable paper or plastic coasters only add to our waste problem. As people and companies focus more on green products, the usage of coasters made from materials that do not decompose or recycle may go down.

Rising Demand from the Hospitality Industry To Create Opportunity for the Product in the Market

Opportunity

The growth of hotels, restaurants, bars and cafes in the hospitality sector is one of the main reasons beverage coasters are now in such high demand. Many of these places now invest in attractive and handy coasters to add appeal to their tables and ensure cleanliness. The increasing demand for tabletop essentials in burgeoning economies should lead to a stronger demand for coasters.

Environmental Concerns and Sustainability Pressure Could Be a Potential Challenge for Consumers

Challenge

With increased awareness worldwide about environmental concerns, people are scrutinizing goods that do not biodegrade. A lot of traditional drink coasters are made from materials that harm the environment. Therefore, manufacturers are encouraged to find new solutions which might require new investments or major changes in their process.

•   
•   
  Download Free Sample to learn more about this report

    

BEVERAGE COASTER MARKET REGIONAL INSIGHTS

• North America

North America has emerged as the most dominant region in the Beverage Coaster market share due to a convergence of factors that propel its leadership in this dynamic industry. The United States which is found in North America, has a major part of the beverage coaster market because the hospitality and food service sectors are well developed there.

• Europe

Europe holds a prominent position in the beverage coaster market due to its many cafes, people liking alcoholic drinks and developed hotels and bars.

• Asia

In Asia Pacific, rapid city growth, a larger middle class and development in the food and beverage industry are boosting the expansion of the beverage coaster market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Beverage Coaster Market Through Innovation and Market Expansion

Key enterprise players are shaping the Beverage Coaster marketplace through strategic innovation and marketplace growth. Using several strategies, big companies in this market are working to maintain and grow their influence as the competition and customer trends change. Many companies today are using eco-friendly products, including bamboo and recycled cork, in their coasters, hoping to entice customers concerned about the environment.

List of Top Beverage Coaster Companies

• Alison Group (Ireland)
• Alfred Mank (U.S.)
• Custom Bottle Opener Co. (U.S.)
• Canada Coaster (Canada)
• Coasters Plus (Canada)

KEY INDUSTRY DEVELOPMENTS

April 2022: For Earth Month, Patina Restaurant at Disney Springs introduced the “Seeds for Sustainability” campaign. As a result, single-use coasters were replaced by drink coasters that include wildflower seeds, to help the environment and the pollinating insects.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.