Smart Water Bottle Market to Skyrocket at 10.9% CAGR, Projected to Hit US$ 96,755 Million by 2033 | FMI

The smart water bottle market in 2022 was close to US$ 31,229.9 million. By 2033, a valuation of US$ 34,384.1 million has been projected. Sports enthusiasts are choosing items that improve their workouts more frequently, which is driving up the market for interactive vessels. It is thus likely to have produced US$ 96,755 million by 2033, expanding at a CAGR of 10.9% from 2023 to 2033.

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.

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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.

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.

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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.