Sports water bottles are drinking containers used by individuals for hydration during physical activities such as jogging, cycling, hiking, and other sports. They are lightweight, portable, and allow continuous sipping of water without spilling.
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 key trends:
The surging participation in outdoor recreational activities has been a key driver boosting the sports water bottles market growth. With rising health awareness and busy lifestyles, individuals are increasingly taking up activities such as jogging, hiking, cycling to maintain fitness and relieve stress. Sports water bottles provide convenient hydration on the go. Their hands-free and leak-proof design allow people to stay hydrated without interrupting their workout routines. The growing popularity of outdoor recreational sports has augmented the demand for high-quality, innovative sports water bottles in the market. Manufacturers are launching bottles in varied sizes, colors, and materials to cater to the preferences of different consumer segments.
SWOT Analysis
Strength: Sports water bottles are reusable and sustainable alternatives to single-use plastic bottles, which helps reduce plastic waste. They are portable and convenient for active lifestyles.
Weakness: Some sports water bottles may leak if not sealed properly. Materials like stainless steel can add weight compared to plastic bottles.
Opportunity: Greater environmental awareness is driving demand for reusable water bottles like sports bottles. Many athletes and health-conscious consumers prefer using bottles designed for sports and workouts.
Threats: Alternatives like hydration packs and pouches provide portability without the need to hold a bottle. Strict regulations on plastic waste in some regions pose challenges for plastic bottle manufacturers.
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.
The North America region currently dominates the global sports water bottles market with the highest revenue share. Growing health and fitness trends has increased the popularity of reusable water bottles for sports and exercise in the region. Asia Pacific is expected to be the fastest growing market for sports water bottles during the forecast period with countries like China, India, and Japan experiencing rising disposable incomes and health awareness.
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 Frà ̈res, 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. These companies are focusing on developing innovative bottle designs, leak-proof lids, and sustainable materials to target health-conscious consumers and athletes.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it