The global smart water bottle market is anticipated to reach US$ 35 Bn by the end of 2031, with sales growing at a prolific CAGR of 11% over the forecast period of 2021 to 2031. Smart water bottle market was valued at an estimated US$ 28 Bn in 2021. Rising concern over personal health, hygiene, and beauty is fueling the growth of the smart water bottle market.

Increasing adoption of smart water bottles is attributed to growing health consciousness among consumers, rising disposable income, and improved consumer experience. Integration of advanced technological tools like sensor technology, increasing GDP per capita, and advanced product offerings are likely to boost the target market possibilities.

Incorporation of sensor technology has enabled smart water bottles to estimate the amount of water an individual needs to consume daily on the basis of their height, weight, and other factors. This has also induced smart water bottle manufacturers to introduce new designs and features at affordable prices. These companies are also focusing on utilizing eco-friendly manufacturing processes and making use of recycled metal and polymers to promote sustainability and diversify their product base.

"Integration of sensor technology and focus on healthy living are likely to augment the market growth of smart water bottles over the forecast period," says an FMI analyst.

Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-376

Moreover, with growing health consciousness, people are concentrating on healthy dietary habits such as drinking plenty of water and keeping hydrated. Dehydration has been known to cause unclear thinking, change of mood, causing body heat to increase, and other health complications. Thus rising adoption of healthy habits is contributing to the surging demand for smart water bottles. All the aforementioned factors are expected to foster market growth for smart water bottles.

Key Takeaways:

• Use of plastic alternatives like recycled metal and polymer to boost market possibilities.
• Commercialization of sensor technology to provide lucrative market opportunities.
• The U.S. is expected to dominate the smart water bottle market in North America.
• Reimbursement policies are driving demand in the market in Germany.
• China's smart water bottles market is to present significant growth over the forecast period.
• By type, polymer segment is likely to account for substantial market share.

Competitive Landscape

Caktus, Inc., Ecomo, Groking Lab, Ltd., Hidrate, Inc., Open-2, Moikit, Thermos, LLC, Trago, Inc., Hydra Coach, Inc., Lifefuels, Inc., and others are some of the major players in the smart water bottle market that are profiled in the full version of the report.

Major market players are concentrating on product development and expansion by introducing novel and new designs, highly efficient, and lightweight smart water bottles. releases to improve product differentiation. These organizations are increasing investments in research and development activities for expansion of their product port

More Insights into the Smart Water Bottle Market Report

In its latest report, FMI offers an unbiased analysis of the global smart water bottle market, providing historical data from 2016 to 2020 and forecast statistics for the period 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented based on type (metal, polymer, others), price range (below US$ 20, US$ 20-US$ 40, US$ 40-US$ 60, above US$ 60), sales channel (indirect (supermarkets/ hypermarkets, multi-brand stores, specialty stores, independent small stores, online retailers, other sales channels), direct), and region.

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-376

According to the latest FMI reports, based on region, the target market in North America is likely to be driven by the smart water bottle market in the U.S. Heightened demand for smart wearable technology, rising health awareness and growing concern over lifestyle diseases like diabetes and obesity is accountable for the market expansion in this region. The market in this region is primarily driven by millennials.

China is predicted to dominate the smart water bottle market in East Asia. Components of most smart water bottles such as density and temperature sensors, lids, and LEDs, among others are mainly produced in China. Consequently, multiple market players have established their assembling and production unit in China. Thus, China is expected to present many attractive opportunities over the assessment period.

India, too, is anticipated to show significant growth over the forecast period. Rising demand for technology-driven products as well as the need to maintain a healthy lifestyle fuels the smart water bottle market in India. Furthermore, rising e-commerce and smartphone penetration also promotes regional market growth.

Based on segmentation, sales of polymer smart water bottle segment are likely to grow at a high rate. On the basis of the price range, the US$ 20 to US$ 40 category is expected to lead the market while indirect sales channels will continue to gain popularity.

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)

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-376

Table of Content

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Product Evolution Analysis

1.5. Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definition

To be continued...!

Have a Look at Trending Reports of Consumer Product Domain

Clothing Recycling Market Size: Given the rising awareness about the circular movement, the demand for clothing recycling is likely to advance at a CAGR of 10.7% through 2032.

Disposable E-Cigarettes Market Share: With growing demand for non-tobacco products owing to rising health concerns among others, overall demand for disposable e-cigarettes is projected to grow at a CAGR of 11.2% between 2022 and 2032, totaling around US$ 18.32 Billion by 2032.

Smart Home Appliances Market Demand: The overall demand for smart home appliances is projected to grow at a CAGR of 8.1% between 2022 and 2032, totaling around US$ 75 Billion by 2032.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable data books, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

Contact:

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

Browse Full Reports: https://www.futuremarketinsights.com/reports/smart-water-bottle-market

The post With 11% CAGR, Smart Water Bottle Market Size to Hit USD 35 Billion by 2031 | Report by Future Market Insights, Inc. appeared first on Future Market Insights.

Original Source of the original story >> With 11% CAGR, Smart Water Bottle Market Size to Hit USD 35 Billion by 2031 | Report by Future Market Insights, Inc.

This content is published on behalf of the above source. Please contact them directly for any concern related to the above.

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.