by Sports water bottles are bottles or containers designed specially for hydration during sports or physical activities. They are usually made up of plastic, stainless steel, or aluminum. These bottles come with features like leak-proof caps, carrying straps or loops for easy carrying, and different capacity options ranging from 500ml to 2 liters. They help athletes and health-conscious people conveniently carry and access water during workout sessions, treks, jogging, cycling, and other sports activities. Their spill-proof design and insulation allow users to intake water without interrupting their activities.
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 Dynamics:
One of the key drivers for the growth of the sports water bottles market is the growing demand for convenient and hygienic drinking options. With increasing health awareness, people are engaging in sports and physical activities more frequently. Carrying water bottles helps keep them hydrated on the go. Sports water bottles make it easier to access water without stopping the activity and spilling it over thanks to their leak-proof lids and insulation. This factor is expected to drive the sales of sports water bottles over the forecast period. Additionally, the increasing demand for reusable and sustainable packaging options is also fueling the demand for sports water bottles made of materials like stainless steel and aluminum that can be reused multiple times.
Segment Analysis
The sports water bottles market can be segmented into plastic bottles, metal bottles, and other product types. Plastic bottles dominate the market as they are very lightweight, flexible and affordable compared to other bottle materials. Plastic bottles are preferred for exercise and sports activities owing to their lightweight nature.
PEST Analysis
Political: There are no major political factors affecting the sports water bottles market.
Economic: Rising disposable incomes and growing health consciousness are increasing the demand for sports water bottles for exercise and outdoor activities globally.
Social: Changing lifestyles, increasing awareness about fitness, and growing youth population involved in sports are boosting the demand for sports water bottles.
Technological: Technological advancements are aiding manufacturers in developing bottles with improved insulation properties, lightweight designs, and easy-to-carry designs preferred by sports enthusiasts.
Key Takeaways
The Global Sports Water Bottles Market Growth is expected to witness high 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 holds the majority share in the global sports water bottles market currently. The increasing health consciousness and rising number of fitness clubs and gyms are propelling the demand for sports water bottles in the region.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
