Press release
Sports Bottle Market to Hit $6.38B by 2028 with a 5.6% CAGR, Driven by Rising Disposable Income and Outdoor Activities
Sports Bottle Market Report
Sports Bottle Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $6.38 billion In 2028 At A CAGR Of 5.6%:
The sports bottle market size has grown strongly in recent years. It will grow from $4.86 billion in 2023 to $5.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growing concern over plastic pollution, an increasing focus on wellness that encourages consumers to stay hydrated, endorsements by athletes popularizing sports bottles, regulations restricting single-use plastics, and increased availability in retail outlets.
The sports bottle market size is expected to see strong growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising disposable income leading to higher spending, growth in outdoor recreational activities, integration of hydration into overall wellness, shift towards online retail channels, urbanization, and busy lifestyles driving demand. Major trends in the forecast period include the growth of smart sports bottles equipped with hydration tracking and temperature control features, the integration of UV-C technology, collaboration between sports bottle manufacturers and athletes for product endorsements and specialized designs, a surge in demand for collapsible and foldable sports bottles, and the introduction of sports bottles with built-in filtration systems for on-the-go purification.
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Sports Bottle Market Major Segments
The sports bottle market covered in this report is segmented -
1) By Product: Insulated, Non Insulated
2) By Material Type: Stainless Steel, Plastic, Silicone, Aluminum, Other Material Types
3) By Distribution Channel: Hypermarket Or Supermarket, Convenience Store, Online Sale Channel
4) By Application: Daily Life, Outings
Key Driver - Surge In Aircraft Demand Ignites Growth In The Seam Welding Machine Market
The rise in outdoor activities is expected to propel the growth of the sports bottle market going forward. Outdoor activities encompass any recreational or leisure pursuits in outdoor environments, such as hiking, camping, kayaking, or skiing. Outdoor activities offer numerous physical health benefits, including improved cardiovascular health, increased strength and endurance, and enhanced immune function, contributing to improved physical fitness and overall health. Sports bottles provide convenient on-the-go hydration solutions, encouraging people to stay active and hydrated during their outdoor adventures. For instance, in June 2023, according to the Outdoor Participation Trend report by the Outdoor Industry Association (OIA), a US-based non-profit organization, the outdoor recreation participant base increased by 2.3% in 2022 to a record 168.1 million participants compared to 164.2 million in 2021, representing 55% of the U.S. population aged six and older. Therefore, the rise in outdoor activities is driving the growth of the sports bottle market.
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Prominent Trend - Innovative Hydration Tracking Technology In The Sports Bottle Market
Major companies in the sports bottle market prioritize integrating technology for hydration purposes, such as hydration tracking technology, to drive revenue growth by offering optimized hydration, performance, and user experience. Hydration tracking technology refers to devices or apps that monitor and record a person's water intake throughout the day, often providing reminders or insights to help maintain optimal hydration levels. For instance, in October 2022, Gatorade Company, a US-based food and beverage company, launched Gx Bottle. The system operates using Gx pods containing concentrated Gatorade. The cap of the bottle monitors fluid consumption and links with the Gatorade Gx app to establish hydration targets, make reminders, and make LED brightness adjustments. Furthermore, Gatorade provides Gx Sweat Patches, wearable patches measuring sweat and sodium depletion during physical activity.
Sports Bottle Market Players
Major companies operating in the sports bottle market are Nike Inc., Yeti Holdings Inc., Tupperware Brands Corporation, Igloo Products Corp., CamelBak Products LLC, BlenderBottle, Mizu, Hydro Flask, Polar Bottle Ltd., Nalge Nunc International, S'well, Nathan Sports Inc., Klean Kanteen, Bubba Brands Inc., Zojirushi Corporation, Lifefactory, SIGG Switzerland Bottles AG, Stanley (PMI), O2COOL LLC, GSI Outdoors, Platypus, RTIC Outdoors, Contigo, Shine time , AVEX Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the sports bottle market in 2023. The regions covered in the sports bottle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sports Bottle Market Report Structure
3. Sports Bottle Market Trends And Strategies
4. Sports Bottle Market - Macro Economic Scenario
5. Sports Bottle Market Size And Growth
…..
27. Sports Bottle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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