The global smart water bottle market was estimated to be around USD 31,229.9 million in 2022. By 2023 it is projected to reach a valuation of USD 34,384.1 million. The growing preference among sports enthusiasts for products that enhance their workouts is fueling the demand for interactive water bottles. As a result, the market is expected to grow significantly, reaching USD 96,755 million by 2033, with an impressive CAGR of 10.9% from 2023 to 2033.
Key drivers of significant industrial growth include rising disposable income, the capability to integrate embedded technology into products, and the relatively rapid adoption of technological advancements. During the forecast period, ongoing technological improvements in manufacturing processes and increased research and development efforts will create new opportunities for the smart water bottle market.
The Internet of Things (IoT) is increasingly being used across various sectors to develop user-friendly and intelligent products. IoT connects smart devices to facilitate direct communication between them, enabling real-time data collection and analysis. Smart water bottles utilize IoT technology to interact with other smart devices and applications, gathering data on consumption habits and enhancing user experience.
The growing awareness of various medical conditions experienced by people of all ages as a result of dehydration, which results in fuzzy thinking, changes in mood, an increase in body heat, and various other health complications, is fueling demand for smart bottles designed to help users keep track of their water consumption.
Market participants place a heavy emphasis on supplying cutting-edge features and designs that give clients with exceptional experiences at competitive rates in order to extend their presence. Companies are producing smart water bottles utilising eco-friendly manufacturing procedures in conformity with regional government norms.
Competitive Landscape
Companies in the global smart water bottle market are focused on expanding their product portfolios by offering innovative designs, lightweight options, and highly efficient smart bottles. They are also investing in research and development to advance product development.
Some of the products being launched by the key players are:
- In 2021, Aptar Food + Beverage partnered with REBO to launch a Smart Reusable Water Bottle that uses technology to help people stay hydrated, while helping to collect tossed away plastic bottles that end up in the environment.
- In 2021, Botell launched a next generation of water bottles featuring a glowing flashlight to remind the user to drink and it keeps track of how much more water is needed to stay hydrated throughout the day.
- A three-in-one filter that is fitted in the flask has been added by Ecomo, a producer of hydration solutions, in addition to the hydration monitoring sensor band. Over the projected period, it is predicted that the interactive water bottles’ innovative features will drive industry growth.
- In 2022, Apple launched two HidrateSpark smart water bottles for purchase in its American retail shops and online. Users may track their water intake and link it to Apple Health with the smart water bottles from the brand HidrateSpark. This water bottle has a rechargeable battery and a charging wire and is made of shatter- and odor-proof Tritan plastic.
The key players in this market include:
- Caktus, Inc.
- Ecomo
- Groking Lab, Ltd.
- Hidrate, Inc.
- Open-2
- Moikit
- Thermos, LLC
- Trago, Inc.
- Hydra Coach, Inc.
- Lifefuels, Inc.
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Key Segments Profiled in the Global Smart Water Bottle Market
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
- Retail Sales
- Supermarkets/ Hypermarkets
- Multi-Brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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