Smart Water Bottle Market 2022 Global Competition by Opportunity Assessment and Forecast by 2031:

Future Market Insights (FMI) recently forecasted that until 2031, the market for smart water bottles will expand at a CAGR of roughly 11%.

An increase in per capita IT spending and a rise in health concerns have both had a substantial impact on people’s attitudes about smart water bottles. The market for smart water bottles will expand as more people understand the need of staying hydrated. Several of the leading smart bottle manufacturers are producing various types of high-tech water bottles based on user desires.

Data Points	Market Insights
Smart Water Bottle Market Estimated Value 2021	US$ 28 Bn
Smart Water Bottle Market Projected Value 2031	US$ 35 Bn
CAGR 2021-2031	11%

Most smart water bottles are equipped with software that enables them to connect to a smartphone app. A phone app can often keep track of a person’s basic water intake. One way to stay motivated to keep drinking is to be able to track daily progress and determine how much more needs to be consumed in order to reach their daily water intake goal.

Additionally, certain smart bottles may communicate with fitness trackers and apps like FitBit, Apple Watch, Amazon Echo, and others. The majority of software and devices today enable users to monitor their water intake. The ability to link the smart water bottle with a fitness app or tracker and collect more sophisticated data from it, however, is a fantastic alternative for many. It provides a more accurate picture of daily water usage. For younger generations that engage in physical activities like running, going to the gym, and participating in sports, this capability may be very important.

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.

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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.

Impact Of COVID-19 On The Market

The current pandemic has posed significant obstacles to both the supply and demand sides. Regional governments’ temporary restrictions on movement have had a significant influence on supply chains. Apart from this, growth in the market has been hampered by the change in spending habit among consumers from discretionary to essential products.

This also has prompted a transition from store-based to online commerce. However, the market is currently recovering, which is an indicator that points to new prospects despite the slowing economy.

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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.