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Smart Water Bottle Market Research Report Information By Type (Polymer, Metal, Stainless Steel, Flexible Films, Glass, and Others), By Technology (Sensors and Lights), By Price Range (Low, Medium, and High), By Sales Channel (Offline, and Online Retail), By Components (Hydration Tracking, Hardware, and In-Built), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032


ID: MRFR/CR/20128-HCR | 128 Pages | Author: Pradeep Nandi| July 2024

Global Smart Water Bottle Market Overview


Smart Water Bottle Market Size was valued at USD 32.2 Billion in 2022. The Smart Water Bottle Market industry is projected to grow from USD 35.9 Billion in 2023 to USD 85.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2023 - 2032). The rise in awareness among users about maintaining proper hydration levels, rise in disposable income, increase in the technology-embedded manufacturing capabilities, and relatively high adoption of technologies are expected to be significant market drivers for the Smart Water Bottle Market.


Global Smart Water Bottle Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Smart Water Bottle Market Trends



  • Increasing health awareness and rising government initiatives are driving the market growth


Market CAGR for Smart Water Bottle is being driven by increasing health awareness and rising government initiatives. The rapidly changing lifestyle of consumers is fostering increased awareness of health. The growing health consciousness among both the youth and adults is driving the demand for the Smart Water Bottle Market. The use of smart bottles as a gym accessory is considered a major factor influencing the need for smart bottles in gyms and sports clubs. Furthermore, according to the International Health, Racquet, and Sports Club Association (IHRSA), the global health industry generated a revenue of $94 billion in 2018. As consumers continue to place high value on health and invest widely in clubs and services for maintaining fitness, it will further boost the Smart Water Bottle Market.


Government initiatives, such as the 'Swachh Bharat Abhiyan' by the Government of India, aimed at reducing plastic waste generation and promoting the use of reusable materials, are on the rise. Advancements in the fields of chemicals and materials have led to the development of the Bisphenol A (BPA)-free polymer 'Tritan,' which is used for manufacturing bottles.


As a result, it is anticipated that throughout the projection period, demand for the Smart Water Bottle Market will increase due to Increasing Health Awareness and rising government initiatives. Thus, driving the Smart Water Bottle Market revenue.


Smart Water Bottle Market Segment Insights


Smart Water Bottle Market Type Insights


The  Smart Water Bottle Market segmentation, based on Type includes Polymer, Metal, Stainless Steel, Flexible Films, Glass, and Others. The Metal segment dominated the market, accounting for 58% of market revenue. Metal smart water bottles excel in insulation performance and exhibit durability. Anticipated significant growth in the sales of metal smart water bottles is attributed to their portability and exceptional insulation capabilities. They are ideal for maintaining the temperature of liquids over extended periods.


Smart Water Bottle Market Technology Insights


The  Smart Water Bottle Market segmentation, based on Technology includes Sensors and Lights. The Sensors segment dominated the market, accounting for 58% of market revenue (18.6 Billion). A key feature of smart water bottles is their emphasis on promoting and monitoring hydration. Hydration sensors are incorporated to track the user's water intake and issue reminders prompting them to hydrate at appropriate intervals. This functionality is often synchronized with mobile applications, providing users with a comprehensive overview of their daily water consumption.


Figure 1:  Smart Water Bottle Market, by Technology, 2022 & 2032 (USD Billion)


Smart Water Bottle Market, by Technology, 2022 & 2032


 


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Smart Water Bottle Market Price Range Insights


The  Smart Water Bottle Market segmentation, based on Price Range includes Low, Medium, and High. The Medium segment dominated the market, accounting for 60% of market revenue. While the smart water bottle industry is in its early stages, there is substantial demand in developed countries, driven by the appeal of these technologically enhanced bottles. Conversely, underdeveloped nations currently lack awareness about these products, potentially limiting the demand for higher-priced models in these markets.


Smart Water Bottle Market Sales Channel Insights


The  Smart Water Bottle Market segmentation, based on Sales Channels includes Offline and Online Retail. The Online Retail segment dominated the market, accounting for 60% of market revenue. The online retail sector within the global smart bottle market primarily encompasses digital platforms, e-commerce websites, and online marketplaces where smart bottles are retailed. The expansion of this segment is propelled by factors such as enhanced accessibility and availability of smart bottles to consumers globally. Moreover, dedicated e-commerce platforms within this segment provide a diverse array of smart bottle options, allowing users to explore and buy products without the necessity of visiting brick-and-mortar stores


Smart Water Bottle Market Components Insights


The  Smart Water Bottle Market segmentation, based on Components includes Hydration Tracking, Hardware, and In-Built. The Hydration Tracking segment dominated the market, accounting for 60% of market revenue. The majority of interactive bottle manufacturers are furnishing users with accurate data regarding their daily water intake and empowering them to set personalized hydration goals. As hydration technology assumes a central role for both youth and adults, these applications are evolving into personalized systems to aid users in meeting their daily hydration targets. Additionally, the integration of advanced hardware technology, such as smart caps or lids containing sensors, liquid thermometers, LEDs, sensor bands, etc., plays a crucial role in enhancing the functionality of smart water bottles. These components enable the smart water bottle to record the user's water consumption and display the remaining water quantity. The escalating demand for a healthy lifestyle and increasing awareness regarding the importance of sufficient water intake is anticipated to drive the growing adoption of smart water bottles.


Smart Water Bottle Market Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Smart Water Bottle market in North America can be attributed to several key factors. The expansion of the smart bottle market in North America is driven by several key factors, including a tech-savvy population, health-conscious trends, and a strong emphasis on fitness and wellness in the region. North America has emerged as a pivotal center for smart bottle manufacturers and consumers, owing to substantial innovation and widespread adoption of cutting-edge technology. The increasing integration of technology into the daily lives of consumers is positively influencing the growth of the smart bottle market in the region. Notable advanced technological features in smart bottles, such as hydration tracking, Bluetooth connectivity, and personalized reminders, align with the digitally driven lifestyle prevalent in the region.


Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2:  SMART WATER BOTTLE MARKET SHARE BY REGION 2022 (USD Billion)


SMART WATER BOTTLE MARKET SHARE BY REGION 2022


 


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's Smart Water Bottle Market accounts for the second-largest market share as the focus on fitness and well-being, along with the increasing inclination to integrate smart devices into daily activities, has cultivated a conducive atmosphere for the expansion of the smart water bottle market in Europe. These bottles typically incorporate features like hydration tracking, temperature control, and compatibility with mobile applications, providing users with a holistic approach to overseeing their water consumption. As per the Germany Attitudes Towards Exercise Trends Market Report 2022, 78% of Germans express intentions to engage in physical exercise in the next 12 months, with 46% of consumers stating they exercise daily or multiple times a week. Further, the German Smart Water Bottle Market held the largest market share, and the UK Smart Water Bottle Market was the fastest-growing market in the European region


The Asia-Pacific Smart Water Bottle Market is expected to grow at the fastest CAGR from 2023 to 2032. The rising demand in emerging economies is influenced by initiatives like Digital India and Make in India. As of January 2022, there were 658.0 million internet users in India, with an internet penetration rate of 47.0 percent of the total population. Furthermore, heightened awareness regarding the importance of maintaining optimal hydration levels is anticipated to contribute to the market's growth. Moreover, China’s Smart Water Bottle Market held the largest market share, and the Indian Smart Water Bottle Market was the fastest-growing market in the Asia-Pacific region.


Smart Water Bottle Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Smart Water Bottle market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Smart Water Bottle industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Smart Water Bottle industry to benefit clients and increase the market sector. In recent years, the Smart Water Bottle industry has offered some of the most significant advantages to the hydration-tracking and fitness-conscious consumer market. Major players in the Smart Water Bottle Market, including HidrateSpark, HydraCoach, Thermos, MyHydrate, Moikit, Trago, Ozmo, ICE WATER, Aquagenie, Adheretech, Groking Lab Limited, Caktus Inc., Open-2 Llc., Out of Galaxy Inc are attempting to increase market demand by investing in research and development operations.


Established in 2014, HidrateSpark was created with a mission to promote healthy habits. The inspiration came from a friend's health issues traced back to dehydration. Recognizing the absence of technology in water bottles to address this issue, the journey to find a solution began at a startup weekend hackathon, where the invention received an award. Subsequently, the innovation was refined through a three-month Techstars Accelerator program, leading to the launch of HidrateSpark® on Kickstarter. With substantial momentum and robust investor backing, expertise in engineering, design, and health and wellness enabled the development of the world's smartest water bottle. Over time, HidrateSpark has evolved into the foremost global brand, dominating the smart water bottle category. Presently, it plays a pivotal role in research studies at renowned hospitals like the Mayo Clinic and the Cleveland Clinic. Notably, it has captured the attention of leaders in the healthcare industry who recognize the significance of hydration in health and wellness.


AdhereTech provides solutions aimed at simplifying the process for all patients to establish and maintain positive medication-taking behaviors, ultimately contributing to improved health outcomes. Functioning as an in-home partner for every medication, AdhereTech offers an elegantly simple and proven system designed to provide gentle reminders for medication adherence and intervene when needed, making a positive impact early enough to be effective. Aidia, part of AdhereTech's offerings, eliminates the need for patient setup, as each smart device is pre-set to the patient's dosing schedule upon delivery. Activation of the device initiates its operation, facilitated by an always-on cellular signal. Through seamless integration into a patient's daily life, Aidia employs gentle reminders and personalized support, fostering positive behavior changes gradually over time. The centralized database and proprietary algorithms employed by AdhereTech ensure that interventions are prompted only when a patient begins to exhibit non-adherent behavior. These interventions are timely and escalate as necessary, providing patients with the opportunity to realign with their medication regimen for improved health outcomes.


Key companies in the Smart Water Bottle Market include



  • HidrateSpark

  • HydraCoach

  • Thermos

  • MyHydrate

  • Moikit

  • Trago

  • Ozmo

  • ICE WATER

  • Aquagenie

  • Adheretech

  • Groking Lab Limited

  • Caktus Inc.

  • Open-2 Llc.

  • Out Of Galaxy Inc.


Smart Water Bottle Industry Developments


March 2021: In March 2021, the Australian brand BOttel introduced a smart water bottle with an integrated glowing flashlight that serves as a reminder to stay hydrated by tracking and indicating the user's water intake throughout the day.


September 2019: In September 2019, Lifefuels, a beverage technology company, unveiled its smart nutrition bottle. This innovative product consists of a stylish smart water bottle, flavorful and nutritious multi-serve FuelPods, and a dedicated app for monitoring both hydration and nutrition for the user.


Smart Water Bottle Market Segmentation


Smart Water Bottle Market Type Outlook



  • Polymer

  • Metal

  • Stainless Steel

  • Flexible Films

  • Glass

  • Others


Smart Water Bottle Market Technology Outlook



  • Sensors

  • Lights


Smart Water Bottle Market Price Range Outlook



  • Low

  • Medium

  • High


Smart Water Bottle Market Sales Channel Outlook



  • Offline

  • Online Retail


Smart Water Bottle Market Components Outlook



  • Hydration Tracking

  • Hardware

  • In-Built


Smart Water Bottle Market Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    •  Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2022 USD 32.2 Billion
Market Size 2023 USD 35.9 Billion
Market Size 2032 USD 85.7 Billion
Compound Annual Growth Rate (CAGR) 11.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Technology, Price Range, Sales Channel, Components, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled HidrateSpark, HydraCoach, Thermos, MyHydrate, Moikit, Trago, Ozmo, ICE WATER, Aquagenie, Adheretech, Groking Lab Limited, Caktus Inc., Open-2 Llc., Out of Galaxy Inc
Key Market Opportunities ·         The integration of smart water bottles with existing smart home ecosystems
Key Market Dynamics ·         Increasing health awareness


Frequently Asked Questions (FAQ) :

The Smart Water Bottle Market size was valued at USD 32.2 Billion in 2022.

The Smart Water Bottle Market is projected to grow at a CAGR of 11.50% during the forecast period, 2023-2032.

North America had the largest share of the global market

The key players in the market are HidrateSpark, HydraCoach, Thermos, MyHydrate, Moikit, Trago, Ozmo, ICE WATER, Aquagenie, Adheretech, Groking Lab Limited, Caktus Inc., Open-2 Llc., Out of Galaxy Inc

The Metal segment dominated the market in 2022.

The Online Retail segment had the largest share of the global market.

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