Thermos Drinkware Market Size, Share & Trends Analysis Report By Type (Mugs and Tumblers, Water Bottle), By Application (Outdoor Enthusiasts, Specialized), By Size, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Thermos Drinkware Market Size, Share & Trends Analysis Report By Type (Mugs and Tumblers, Water Bottle), By Application (Outdoor Enthusiasts, Specialized), By Size, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Thermos Drinkware Market Growth & Trends

The global thermos drinkware market size is anticipated to reach USD 4.49 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.9% from 2023 to 2030. The rising popularity of outdoor activities, such as camping, hiking, and sports, has fueled the demand for thermos drinkware like water bottles. Consumer trends and preferences in the market are continuously evolving due to changing lifestyles, environmental concerns, health considerations, and attractive patterns and colors offered by the market players in the market.

The growing concern for environmental protection among many consumers is changing people’s mindset and hence they are shifting from using disposable bottles to reusable bottles including thermos drinkware. These bottles come in handy and can be used when commuting, hiking, or at the gym, and ensure one gets enough water throughout the day that too without generating extra waste.

While purchasing these bottles, users typically prioritize two key factors: price and material. The market is characterized by significant fragmentation, with a limited number of major players like, SIGG Switzerland, and CamelBak Products. The presence of stricter government regulations in many countries such as India, Japan, and Canada, targeting single-use bottles is anticipated to stimulate sales of thermos drinkware in the global market.

Furthermore, the launch of luxury thermos water bottles by leading fashion houses has generated significant interest and appeal among consumers with higher purchasing power and a more heightened sense of style and fashion. For instance, GUCCI offers a Cold Hot Drinking Thermos Water Bottle. This water bottle consists of a double-layer vacuum insulation to keep the liquid hot or cold with digital temperature control. Its lid features a small LED screen, touch it lightly to know the current water temperature. The display content is clearly visible. It is supported by a built-in battery that does not need to be charged.

The increase in social media penetration has driven consumer awareness towards customization, likely favoring the growth of the market. An increase in the trend of customization among consumers due to the rise in social media penetration is likely to favor market growth. According to a blog published by Kickflip, in February 2022, 50% of consumers considered customized products are good gifts, whereas around 48% of consumers were willing to wait longer to receive the customized product.

Thermos Drinkware Market Report Highlights

• Based on type, the thermos water bottle dominated the global market in 2022 with a revenue share of 56.40%.Thermos water bottles are popular among students and athletes, offering health benefits and the convenience of maintaining room-temperature water. This widespread usage is fueling the demand for such bottles
• In terms of application, the outdoor enthusiast segment is anticipated to grow at the fastest CAGR of 6.5% over the forecast period.The rise in the participation of outdoor activities like hiking is driving the demand for these products among outdoor enthusiast
• The Asia Pacific market is anticipated to grow at the fastest CAGR of 7.0% over the forecast period. The shift towards urban living and fast-paced lifestyles has created a demand for portable drinkware, allowing individuals to maintain hydration while on the move. The significance of staying adequately hydrated for overall well-being has driven the increased adoption of thermos bottles

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