Smart bottle refers to the innovative bottles that interface with technological devices such as cell phone, computers, wearables, etc. through the internet to track water intake, hydration levels, temperature, to set drinking reminders, etc. Aside from smart bottles being used as water bottles, they can also be used for alcohol, pharmaceuticals, etc. The demand for smart bottles is projected to increase on account of the growing trend of integrating everyday objects with modern technology. The rising health conscious population of the globe is also expected to further assist the demand for the smart bottles during the forecast period. The smart bottle market is segmented on the basis of distribution channel, application and geography. In the distribution channel segment the offline channel is estimated to hold a significant share owing to the already established retail system, while the online channel of distribution is anticipated to have a high growth during the forecast time frame. Furthermore, in the application segment of the smart bottle market, the water bottle segment is foreseen to hold a noteworthy share of the market owing to the earlier introduction of smart water bottles. Geographically, the North American region is projected to be the dominant share holder of the market due to the early adoption of technology along with the growing health cognizant population in the region. The Asia-Pacific region is presumed to have a high growth rate during the forecast period because of the thriving consumer electronics industry coupled with the rising disposable income.
Growing health conscious population
Rising inclination of consumers to purchase sophisticated technological devices
Earlier stages of the technology
The major players profiled in the Smart bottle market include Moikit, Hidrate Inc., Caktus, Inc., Ecomo, Groking Lab Limited, ThermosL.L.C., Trago,Inc., Out of Galaxy, Inc., Spritz, Myhydrate, Kuvee, Sippo, Trago, Hydrasmart
The Smart bottle market has been analyzed through the following segments:
Middle East and Africa