PUBLISHER: The Business Research Company | PRODUCT CODE: 1513255
PUBLISHER: The Business Research Company | PRODUCT CODE: 1513255
A sports bottle, tailored for athletes and fitness aficionados, serves as a portable vessel for conveniently carrying and consuming fluids during physical exertion. Crafted from robust materials such as plastic or stainless steel, these bottles often feature spill-proof lids or nozzles to facilitate easy sipping while in motion.
Sports bottles come in primary varieties such as insulated and non-insulated. Insulated models boast double-wall construction and incorporate insulation materials such as foam or vacuum insulation to regulate the temperature of the contents. Material options for sports bottles encompass stainless steel, plastic, silicone, aluminum, among others. Distribution channels include hypermarkets or supermarkets, convenience stores, and online platforms, catering to various applications such as everyday use and outdoor excursions.
The sports bottle market research report is one of a series of new reports from The Business Research Company that provides sports bottle market statistics, including sports bottle industry global market size, regional shares, competitors with a sports bottle market share, detailed sports bottle market segments, market trends and opportunities, and any further data you may need to thrive in the sports bottle industry. This sports bottle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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%. During the historical period, growth can be attributed to several factors, including heightened awareness of plastic pollution issues, a growing emphasis on wellness promoting hydration among consumers, endorsements by athletes popularizing the use of sports bottles, regulatory measures limiting the use of single-use plastics, and expanded availability of sports bottles in retail settings.
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%. In the forecast period, growth is expected due to various factors, including increased disposable income prompting higher expenditure, a surge in outdoor recreational pursuits, the incorporation of hydration into holistic wellness practices, a shift towards online retail platforms, urbanization trends, and the demand driven by fast-paced lifestyles. Prominent trends anticipated in the forecast period encompass the proliferation of smart sports bottles equipped with features such as hydration tracking and temperature control, the integration of UV-C technology for enhanced hygiene, collaborative efforts between sports bottle manufacturers and athletes for product endorsements and specialized designs, a notable uptick in demand for collapsible and foldable sports bottles, and the introduction of sports bottles incorporating built-in filtration systems for convenient on-the-go purification.
The anticipated surge in outdoor activities is poised to drive the expansion of the sports bottle market in the foreseeable future. Outdoor activities encompass a wide array of recreational pursuits undertaken in outdoor settings, such as hiking, camping, kayaking, or skiing. These activities offer a plethora of physical health advantages, including enhanced cardiovascular health, increased strength and endurance, and bolstered immune function, ultimately contributing to improved physical fitness and overall well-being. Sports bottles serve as convenient hydration solutions on-the-go, encouraging individuals to maintain their activity levels and stay hydrated during their outdoor escapades. For instance, as reported in the June 2023 Outdoor Participation Trend report by the US-based non-profit organization, Outdoor Industry Association (OIA), the outdoor recreation participant base surged by 2.3% in 2022, reaching a record 168.1 million participants compared to 164.2 million in 2021, encompassing 55% of the U.S. population aged six and older. Consequently, the surge in outdoor activities is propelling the sports bottle market's growth.
Leading companies in the sports bottle market prioritize the incorporation of hydration-focused technologies, such as hydration tracking technology, to bolster revenue growth by delivering enhanced hydration, performance, and user experience. Hydration tracking technology encompasses devices or applications that monitor and log an individual's water consumption throughout the day, often offering reminders or insights to help maintain optimal hydration levels. For instance, in October 2022, Gatorade Company, a US-based food and beverage firm, introduced the Gx Bottle system. This system utilizes Gx pods containing concentrated Gatorade, with the bottle cap monitoring fluid intake and syncing with the Gatorade Gx app to establish hydration goals, provide reminders, and adjust LED brightness. Additionally, Gatorade offers Gx Sweat Patches, wearable patches that gauge sweat and sodium depletion during physical exertion.
In June 2023, Ergode, Inc., a US-based eCommerce reseller platform, completed the acquisition of Clean Hydration Company (Clean Bottle) for an undisclosed sum. This acquisition allows Ergode, Inc. to expand its product portfolio while reaffirming its commitment to sustainability and innovation. Clean Hydration Company (Clean Bottle) is a US-based manufacturer of sports bottles, including insulated water bottles.
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.
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 countries covered in the sports bottle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sports bottle market consists of sales of smart water bottles, filtered water bottles, shaker bottles, and infuser water bottles. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sports Bottle Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sports bottle market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sports bottle? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sports bottle market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.