What Is The Definition Of The Global Sports Bottle Market?
A sports bottle refers to a portable container typically designed for athletes and fitness enthusiasts to conveniently carry and drink fluids during physical activities. These bottles are often made from durable materials such as plastic or stainless steel and feature a spill-proof lid or nozzle for easy sipping while on the move.
Sports Bottle Global Market Report 2024 provides data on the global sports bottle market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sports bottle market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Sports Bottle Market Size Expected To Change, And What Are The Growth Rate Projections?
The sports bottle market has experienced strong growth in recent years. It will rise from $4.86 billion in 2023 to $5.13 billion in 2024, with a CAGR of 5.5%. Growth is attributed to concerns over plastic pollution, a greater focus on wellness encouraging hydration, endorsements by athletes, regulations limiting single-use plastics, and increased retail availability. The market is expected to continue its growth, reaching $6.38 billion in 2028 at a CAGR of 5.6%. Factors driving this growth include rising disposable incomes, growth in outdoor recreational activities, the integration of hydration into wellness, a shift toward online retail, urbanization, and busy lifestyles. Major trends include the rise of smart sports bottles with hydration tracking and temperature control, UV-C technology integration, collaborations with athletes, demand for collapsible bottles, and bottles with built-in filtration systems for on-the-go purification.
Which Drivers Are Accelerating Growth In The Sports Bottle Market?
The growing interest in outdoor activities is likely to fuel the sports bottle market's growth. Activities such as hiking, camping, and kayaking provide health benefits, including improved cardiovascular health, strength, and immune function. Sports bottles offer convenient hydration solutions, encouraging active and healthy lifestyles during such activities. For instance, in June 2023, the Outdoor Industry Association reported that outdoor recreation participation in the U.S. reached a record 168.1 million in 2022, up from 164.2 million in 2021. This increased engagement in outdoor activities is boosting the demand for sports bottles.
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What Are The Core Segments Of The Global Sports Bottle Market?
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
Which Emerging Trends Are Reshaping The Sports Bottle Market?
Companies in the sports bottle market are focusing on incorporating hydration tracking technology into their products to improve user hydration and enhance overall performance. Hydration tracking technology monitors daily water intake, offering reminders and insights to maintain optimal hydration. For example, Gatorade Company, a U.S.-based food and beverage company, introduced the Gx Bottle in October 2022. The bottle tracks fluid intake, syncs with the Gatorade Gx app, and helps users set hydration goals while offering additional products like Gx Sweat Patches, which measure sweat loss during physical activity.
What Is The Largest Region In The Sports Bottle 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.
