NEWARK, DELL, Aug 17, 2022 (GLOBE NEWSWIRE) — The global smart water bottle market is expected to reach US$35 billion by the end of 2031, with sales growing 11% over the forecast period. growing at a CAGR. From 2021 he is 2031. The smart water bottle market was valued at an estimated USD 28 billion in 2021. Growing concerns about personal health, hygiene, and beauty are driving the growth of the smart water bottle market.
The increasing adoption of smart water bottles is attributed to consumers’ increasing health consciousness, increasing disposable income, and improving consumer experience. The integration of advanced technological tools such as sensor technology, increased GDP per capita, and advanced product offerings may increase the target market potential.
By incorporating sensor technology, smart water bottles can now estimate how much water an individual should consume each day based on their height, weight, and other factors. This has prompted smart water bottle makers to introduce new designs and features at affordable prices. These companies also focus on using environmentally friendly manufacturing processes, recycled metals and polymers to promote sustainability and diversify their product base.
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In addition, due to the growing health consciousness, healthy eating habits such as hydration and hydration are attracting attention. Dehydration is known to cause slurred thinking, mood changes, elevated body temperature, and other health complications. Hence, increasing adoption of healthy habits contributes to the surge in demand for smart water bottles.
“The integration of sensor technology and focus on healthy living are likely to drive smart water bottle market growth during the forecast period,” said an FMI analyst.
Important points:
- Expand your market potential with plastic alternatives such as recycled metals and polymers.
- Commercialization of sensor technology to provide lucrative market opportunities.
- The United States is expected to dominate the North American smart water bottle market.
- In Germany, reimbursement policies are driving market demand.
- China’s smart water bottle market is expected to witness significant growth during the forecast period.
- By type, the polymer segment could account for a significant market share.
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competitive environment
Caktus, Inc., Ecomo, Groking Lab, Ltd., Hidrate, Inc., Open-2, Moikit, Thermos, LLC, Trago, Inc., Hydra Coach, Inc., Lifefuels, Inc., etc. Leading players in the smart water bottle market profiled in.
More Insights into the Smart Water Bottle Market Report
In its latest report, FMI provides an unbiased analysis of the global smart water bottle market, providing historical data from 2016-2020 and forecast statistics for 2021-2031. To understand the potential, growth and scope of the global market, the market is classified by type (metals, polymers, others), price range (under $20, $20-$40, $40-$60, >$60) , distribution channels (indirect (supermarkets/hypermarkets), multi-brand stores, specialty stores, independent small stores, online retailers, other distribution channels), direct), and geographic.
Based on region, the North American target market is likely to be driven by the US smart water bottle market, according to the latest FMI report Rising demand for smart wearable technology, rising health awareness, diabetes and obesity Responsible for market expansion in this region. The market in this region is primarily driven by millennials.
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China is projected to dominate the smart water bottle market in East Asia. Most smart water bottle components, such as density sensors, temperature sensors, lids, and LEDs, are mainly produced in China. As a result, multiple market players have established assembly and production units in China. Therefore, China is expected to offer many attractive opportunities during the evaluation period.
India is also expected to show significant growth during the forecast period. Growing demand for technology-driven products and the need to maintain a healthy lifestyle are boosting the Indian smart water bottle market. In addition, rising e-commerce and smartphone penetration will also drive the growth of the regional market.
Based on the segmentation, sales of the polymer smart water bottle segment are likely to grow at a high rate. Based on price range, the $20-$40 category is expected to lead the market, while indirect sales channels will continue to be popular.
smart water bottle market To Category
By type:
By price range:
- Less than US$20
- $20-$40
- $40-$60
- $60 USD or more
By sales channel:
- directly
- Indirect
- Supermarket/Hypermarket
- Multi-brand store
- specialty shop
- Independent small store
- online retailers
- Other sales channels
By region:
- North America
- latin america
- Europe
- east asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
table of contents
1.executive summary
1.1.Global market outlook
1.2. Demand Side Trends
1.3.supply side trends
1.4.Product evolution analysis
1.5.Analysis and recommendations
2. Market Overview
2.1. Market taxonomy
2.2. Market definition
3. Major market trends
to be continued…!
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