The recent market intelligence report, published by Data Insights Partner on the hydration bottle market makes an offering of in-depth analysis of and sub-segments in both the regional and international market. The research also emphasizes on the impact of drivers, restraints and macro indicators on the regional and global hydration bottle market over the short as well as long period of time. The report also includes the benefits and market opportunities presented in this field. Beside this, a detailed presentation of forecast, trends, and dollar values of the global market is offered too. In accordance with the report, the hydration bottle market is projected to expand at a CAGR of 17.26% over the period of forecast period of 2020-2028.
Market Insights, Drivers, Restraints and Opportunities:-
A hydration bottle measures the amount of water a person is drinking through sensor technology, usually located in the cap of the bottle. The features of a hydration bottle can also include, temperature sensors, freshness timers, drinking reminders, and daily hydration statistics. These additional features can help the drinker know when to fill up their bottle, how often they are drinking and how much more water they should include into their daily goal. It also helps to stay hydrated which increases brain function, aids in digestion, helps in maintaining weights, staying fresh and energetic by removing toxins.
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Rise in urbanization, increase in population, high disposable income and improvement in lifestyle has led to an increased adoption of hydration bottles as an essential and daily use product, which is a major factor driving the growth of the hydration bottle market. Increase in the demand for outdoor recreational activities is also creating substantial demand for hydration bottle. Moreover, rising awareness over proper hydration and inclination towards healthy lifestyle has increased the need for hydration bottle too. Benefits of the hydration bottles such as recyclability, easy maintenance, non-reactive components which expands the product’s shelf life are also playing key roles in the growth of the said market. Beside this, rising concerns over global warming, government regulation and anti-plastic movement are also responsible for the rapid growth of the hydration bottle market.
The hydration bottle market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
? The average battery life of hydration bottle is 6 months and significantly gets shortened due to alerts or time taken while connecting it to any mobile app that further leads to inaccuracy.
? Hard to use because of advanced technology.
? High cost of the said product.
? Lack of awareness about the availability and benefits of the hydration bottle in developing countries.
The market in Asia Pacific accounts for largest market share (30%) in terms of revenue and is expected to maintain its dominancy over the forecast period, owing to the increasing population of India and China. The growth is expected to remain significant in the forecast period as well. The market in North America and Europe accounts for second-highest share in the market in terms of revenue, owing to the presence of key players and raising concerns over health in the region. The market in North America and Europe is expected to witness a lucrative growth, owing to this growing concerns over healthy lifestyles in the forecast period.
Segmentation of Hydration Bottle Market:-
This market intelligence report on the hydration bottle market is segmented based on end use, product type, material type, price range, distribution channel and the country/regions.
By End Use, the hydration bottle market is divided into–
By Product Type, the hydration bottle market is segregated into–
By Material Type, the hydration bottle market is divided into–
By Price Range, the hydration bottle market is segregated into–
By Distribution Channel, the hydration bottle market is segmented into–
By Regional Outlook, the hydration bottle market is divided into–
Profiling of Market Players:-
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such hydration bottle market related investment and spending and developments by major players of the market are tracked in this global report.
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Market Competitive Analysis:-
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Hydration bottle market is a competitive market with the presence of various global and regional players in the market. The major players like Newell Brands, Yeti Holding, S’well, Thermos, Tupperware Brands, Hydro Flask etc. are trying to gain the market power in their hands by producing the products in low costs and thus charging low prices and using different kind of marketing campaigns.
An in-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as market data analysis, time series and cross section statistical data analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Reasons to Buy:-
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