by Sports water bottles are used for hydration during physical activities like jogging, running, cycling, gym workout and other sports. These bottles are designed to allow easy flow of water without spilling and come in different capacities. They are made of durable materials like stainless steel, plastic and aluminum. Stainless steel bottles are able to keep water cold for 24 hours and hot for 12 hours. Plastic bottles are lightweight but may leach chemicals into water over time. Aluminum bottles conduct heat faster but are least durable. Sports bottles with filters remove impurities from drinking water. Some feature carrying straps, slip-proof grips and digital screens to track water intake.
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:
Growing Health Consciousness among Consumers: Rising health awareness among people about benefits of staying hydrated, especially during physical activities is a key driver boosting the sports water bottles market. Regular water intake improves metabolism, digestive health, brain functions and reduces chances of dehydration. Sports bottles enable easy hydration on-the-go to meet daily water intake goals.
Popularity of Outdoor Recreational Activities: Increasing participation of people in outdoor recreational activities like hiking, cycling, trekking, camping etc is fueling the demand for sports water bottles. These bottles are lightweight, durable and suitable to carry required water quantity during recreational outings. Growing popularity of outdoor sports is thus expected to propel the market growth over the forecast period.
Segment Analysis:
The Sports Water Bottles Market can be segmented on the basis of material as plastic, metal, and glass. Among these, the plastic segment dominates the market, accounting for around 50% share. Plastic water bottles are highly preferred among sports enthusiasts and athletes due to their lightweight quality and impact resistance nature which makes them suitable for carrying during physical activities and sports.
PEST Analysis:
Political: Regulations regarding the use of plastic bottles are becoming stringent in many countries to curb pollution, which may impact plastic bottle manufacturers.
Economic: Rising disposable incomes and increasing health consciousness among consumers has boosted the demand for sports and fitness activities, fueling sales of related gear including water bottles.
Social: Growing participation in sports and demand for on-the-go hydration solutions has made sports water bottles a style statement among athletics and gym enthusiasts.
Technological: Bottle manufacturers are investing in R&D to develop innovative materials for bottoms that are lightweight, easy to carry, have high impact resistance and provide thermal insulation to keep water cool for long hours.
Key Takeaways:
The Global Sports Water Bottles Market Trend 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:
The Asia Pacific region accounts for over 35% share currently led by countries such as China, India and Japan. Rising health awareness, growing millennial population and increasing investment in sports infrastructure across Asia is propelling the sales of sports gear including water bottles in the region.
Key players:
Key players operating in the sports water bottles market include Clasado Biosciences, VW-Ingredients, Shandong Longli Biotechnology Co., Ltd, Prenexus Health., Ingredion, Tata Chemicals Ltd., Yakult Honsha Co., Ltd., Tate & Lyle, Roquette Frà ̈res, Cosucra, International Flavors & Fragrances Inc., Nestlé S.A., Renew Life, Mimi’s Rock Corp, Procter & Gamble. Key players are focusing on product innovation and partnerships with sport leagues and clubs to increase their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
