Smart Water Bottle Market: Sales Projection Indicates Expansion at a 10.9% CAGR by 2033

Smart Water Bottle Market
Smart Water Bottle Market

In 2022, the global smart water bottle market approached a value of US$ 31,229.9 million, with a projected increase to US$ 34,384.1 million by 2033. The growing preference among sports enthusiasts for tools enhancing their workout experiences is fueling the demand for interactive vessels, thereby propelling market growth. Forecasts suggest that by 2033, the market could generate an impressive US$ 96,755 million, exhibiting a Compound Annual Growth Rate (CAGR) of 10.9% from 2023 onwards. This surge underscores the rising trend of integrating technology into fitness routines, driving innovation and expansion within the smart water bottle industry.

Most smart water bottles are equipped with the software that allows connecting to a mobile application. A smartphone app can often track an individual’s basic water consumption. One of the ways to keep motivated is being able to monitor daily progress and calculate how much more should be consumed in order for them reach their water intake target.

An increase in per-capita IT spending and a rise in health concerns have both played an important role to the people’s perception of smart water bottles.

The market for intelligent water bottles will continue to grow as more people realize the importance of hydration. Based on consumer demand, several of the leaders in smart bottle production are developing various versions of high-tech water bottles.

It gives a closer reflection of the daily water consumption. This feature may be very important for younger generations who are active in activities like running, going to the gym and playing sport.

Get your Sample Report to Boost Your Industry Knowledge for Valuable Insights!  https://www.futuremarketinsights.com/reports/sample/rep-gb-376

For instance, the Apple-compatible Thermos linked hydration bottle with smart top comes with a smartphone app that includes an activity tracker and hydration goal settings. You may track many things with this device in addition to tracking general fitness because it is compatible with Fitbit accounts. The Smart Lid can monitor and track beverage intake in addition to giving instantaneous temperature measurements of the bottle’s contents. Additionally incorporated is Bluetooth connectivity with a 75-foot range.

Growth Drivers:

  1. Health and Fitness Trends: The increasing focus on health and fitness among consumers is a major driver for the smart water bottle market. Smart water bottles offer features such as hydration tracking, reminders, and personalized recommendations, which align with consumers’ desire to monitor their water intake for better health.
  2. Technological Advancements: Advances in sensor technology, connectivity, and data analytics have enabled the development of smart water bottles with sophisticated features. These include Bluetooth connectivity, hydration tracking apps, integration with fitness trackers, and even smart caps that measure water consumption.
  3. Rising Awareness of Hydration: There’s a growing awareness of the importance of staying hydrated throughout the day for overall well-being. Smart water bottles with hydration tracking features help users monitor their water intake and ensure they meet their daily hydration goals, driving demand for these products.
  4. Urbanization and Busy Lifestyles: With urbanization and increasingly busy lifestyles, people often forget to drink an adequate amount of water. Smart water bottles with reminders and notifications help users stay on track with their hydration goals, catering to the needs of busy individuals.
  5. Customization and Personalization: Smart water bottles often offer customization options, allowing users to set personalized hydration goals and preferences. This customization enhances user experience and makes smart water bottles more appealing to consumers.

Industry Restraints:

  1. Cost: The cost of smart water bottles is often higher than traditional water bottles due to the inclusion of technology and connectivity features. This higher price point can be a barrier to adoption for some consumers, particularly in regions with lower disposable income levels.
  2. Battery Life and Maintenance: Smart water bottles require power to operate their sensors and connectivity features, which means they need regular charging or battery replacements. This can be inconvenient for users and may deter some from investing in these products.
  3. Data Privacy and Security Concerns: Smart water bottles collect and store user data, including drinking habits and personal information. Concerns about data privacy and security may deter some consumers from adopting these products, especially in light of increasing scrutiny over data practices.
  4. Compatibility and Integration: Some smart water bottles rely on companion apps or platforms to provide full functionality. Compatibility issues with different devices or operating systems, as well as the need for seamless integration with other health and fitness apps, can be challenges for users.
  5. Durability and Reliability: Smart water bottles incorporate electronic components, which can be prone to malfunction or damage, affecting their durability and reliability. Users may be hesitant to invest in smart water bottles if they perceive them as less durable than traditional alternatives.

Key Takeaways From The Smart Water Bottle Market Study

  • Based on type, smart water bottles manufactured using polymers will be in high demand
  • In terms of price range, sales in the US$40-US$60 segment is expected to grow at a rapid pace.
  • In terms of sales channel, consumers will continue preferring indirect channels such as hypermarkets/ supermarkets, multi-brand stores, and others.
  • The U.S. will continue pushing sales of smart water bottles in North America.
  • China will emerge as a hub of smart bottle production within East Asia.

Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-376

Who is Winning?

Leading manufacturers of smart water bottle are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales of smart water bottle globally.

Some of the companies operating in the smart water bottle market are

  • Caktus, Inc.
  • Ecomo
  • Groking Lab, Ltd.
  • Hidrate, Inc.
  • Open-2
  • Moikit
  • Thermos LLC.
  • Trago, Inc.
  • Hydra Coach, Inc.
  • Lifefuels, Inc.
  • among others.

Smart Water Bottle Market By Category By Type:

  • Metal
  • Polymer
  • Others

By Price Range:

  • Below US$ 20
  • US$ 20- US$ 40
  • US$ 40- US$ 60
  • Above US$ 60

By Sales Channel:

  • Direct
  • Indirect
    • Supermarkets/ Hypermarkets
    • Multi-Brand Stores
    • Specialty Stores
    • Independent Small Stores
    • Online Retailers
    • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these