Hydration Products Market to Witness Massive Growth by 2028 | Osprey, GEIGERRIG, CamelBak
Published Via 11Press: According to HTF MI, “Global Hydration Products Market: Industry Share, Size, Trends, Growth, Opportunity and Forecast 2023-2029“. Between 2023 and 2028, it is predicted that the global hydration products market will expand at a compound yearly growth rate (CAGR) of 6.2%, reaching USD 803.7 million in 2023 and USD 1146.4 million in 2028.
Liquids, supplements, and other foods and liquids that are intended to assist the body stay at the proper level of hydration are referred to as hydration products. These items are made to hold liquids and water, much as water bottles. Water filters, purifiers, and other devices. The key growth drivers for the hydration product sector are an increase in military spending and a shift towards healthier lifestyles by the populace. The newest fashion in this area is sustainable manufacturing and packaging, which is in line with the growth of sustainable development. Future advancements in AI technology may provide this sector of the economy with a new facet.
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Key and Developing Players,
- Osprey
- GEIGERRIG
- CamelBak
- O. Smith India Water Products
- Aquamira Technologies
- BRITA
- Cascade Designs
- HYDRAPAK
- Newell Brands
- Dometic
Market Drivers
- The rise in global defense spending by various countries is a significant factor in the expansion of the market for hydration products.
- Hydration businesses are growing as a result of the military’s need for high-quality, long-lasting hydration solutions.
- Additionally, with more people leading active lives through sports, fitness pursuits, and outdoor recreation, proper hydration is important.
- They are maintaining their health and water levels with the aid of these hydration solutions.
Market Trend
- The government’s increased interest in CSR initiatives and increased environmental awareness have caused the market for hydration products to shift in favor of sustainable packaging.
- To lessen the impact of single-use plastic bottles on the environment, businesses are promoting reusable water bottles and utilizing eco-friendly packaging materials.
- The producers of hydration products are using more environmentally friendly innovative techniques.
Market Opportunities
- Numerous creative goods, such as caps with LED illumination on top to serve as a reminder to remain hydrated, can be created with further inventions and technical developments in the market for hydration products.
- Future developments in AI and ML may allow speech processors to be reminded to drink enough water and to report on users’ water intake.
Market Restraints
- Even though it can seem easy, putting up and cleaning hydration packs while participating in activities can be challenging.
- To access the reservoirs, users must unhook their bags, fill them with water, and then wash the packs using cleaning tablets.
- The most current generation of these packs may ultimately shatter and leak under unfavorable conditions, which can also have an impact on the environment.
- This is because of the sensitive plastic components.
- The opaque nature of military hydration products may make them challenging to commercialize in the future, decreasing demand for hydration backpacks.
Market Challenges
- One of the biggest problems facing the global hydration goods business is the high cost of hydration products.
- Despite the advantages these hydration products offer, consumers are nonetheless price-conscious when using their disposable cash to purchase them.
- The hydration product sector will always have growing challenges, particularly in emerging and undeveloped nations where the per capita income is low.
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Hydration Products Market Segmentation:
Market Breakdown by Applications:
- Water Bottles
- Hydration Packs
- Water Purification Filters
- Others
Market Breakdown by Types:
- Sportsmen
- Individual Customer
- Military
- Others
Report Scope
| The Market size value in 2023 | USD 803.7 Million |
| Revenue Forecast by 2033 | USD 1146.4 Million |
| Growth Rate | CAGR Of 6.2% |
| Regions Covered | Europe, Latin America, the Middle East, Africa, and the rest of the globe |
| Historical Years | 2018-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Year | 2028 |
Competitive Landscape:
The competitive climate of the industry is thoroughly analyzed in addition to examining the profiles of the major competitors in the Hydration Products market. Some of the players profiled are Osprey, CamelBak, GEIGERRIG, Aquamira Technologies, Inc, A.O. Smith India Water Products Pvt. Ltd, BRITA, Cascade Designs, Inc, Newell Brands, HYDRAPAK, Dometic Group AB, etc
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Key highlights of the report:
- Hydration Products Market Performance (2018-2022)
- Hydration Products Market Outlook (2023-2028)
- Hydration Products Market Trends
- Hydration Products Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Detailed competitive landscape
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