Sports water bottles are convenient containers for carrying water during physical activity and exercise. They come in lightweight, durable, and spill-proof designs to enable easy and comfortable drinking on the go. These bottles maintain water temperature and prevent leaks, making them a preferred choice for staying hydrated during sports and workouts.
The global Sports Water Bottles Market is estimated to be valued at US$ 5871.79 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the main trends driving the growth of the sports water bottles market is their increasing popularity among fitness enthusiasts and athletes for maintaining hydration. These bottles are specially designed for active usage during sports and workouts, keeping water cool for long periods of time. Features like leak-proof caps and silicone sleeves enable comfortable gripping and mess-free drinking on the move. Their lightweight and versatile nature makes them convenient to carry during exercise routines. Rising health consciousness and participation in sports and gym activities have boosted the demand for sports water bottles that facilitate an active lifestyle.
Segment Analysis
The global sports water bottles market can be segmented based on material type into plastic, stainless steel, glass and others. Among these, the plastic segment dominates the market and accounts for more than 60% of the overall sales. Plastic bottles are highly preferred owing to their lightweight and inexpensive nature. However, the stainless steel segment is growing at a faster pace due to increasing demand for durable and reusable bottles.
Key Takeaways
The Global Sports Water Bottles Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global Sports Water Bottles Market is estimated to be valued at US$ 5871.79 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.
Regional analysis:
North America currently dominates the global sports water bottles market owing to high health consciousness and involvement in fitness activities in countries like the US and Canada. Europe holds the second largest market share on the back of increasing number of athletes and sports enthusiasts in the region. However, Asia Pacific is expected to exhibit the fastest growth over the next few years due to rising living standards, growing youth population and improving spending on health and wellness in countries like China and India.
Key players:
Key players operating in the sports water bottles market are Clasado Biosciences, VW-Ingredients, Shandong Longli Biotechnology Co., Ltd, Prenexus Health., Ingredion, Tata Chemicals Ltd., Yakult Honsha Co., Ltd., Tate & Lyle, Roquette Cosucra, International Flavors & Fragrances Inc., Nestlé S.A., Renew Life, Mimi’s Rock Corp, Procter & Gamble, AIDP, Hyperbiotics, Jarrow Formulas, Inc., InnovixLabs, Life Extension, Metabolic Maintenance, Naturesvelvet, and others prominent players. These players are focusing on new product launches and expansion plans to gain a competitive edge in the market.
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