Insulated Food Container and Hydration Bottle Market Size, Share, Growth and Industry Analysis by Type (Insulated Hydration Bottle, And, Insulated Food Container) By Application (Offline, And, Online), Regional Forecast To 2031

Updated On: 29 April 2024

Insulated Food Container and Hydration Bottle Market REPORT OVERVIEW

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global insulated food container and hydration bottle market size was USD 3894.2 Million in 2021 and market is projected to touch 6568.48 Million by 2031, exhibiting a CAGR of 5.2% during the forecast period.

Insulated food container and hydration bottles are very important for maintaining the temperature of both food and beverages. These bottles and containers are designed in such a manner that they have advanced insulation technology which is required to keep cold food cold and hot food hot. These containers have high demand in the market.

Several new technologies have been introduced in the market. Personalized temperature preset, companion mobile applications, and temperature sensors are integrated into such containers. People are becoming more conscious about their health, lifestyles, and also cost savings. These acts as the factors driving the insulated food container and hydration bottle market growth.

COVID-19 Impact: Rise in Demand for Food Containers and Hydration Bottles During Pandemic Increased Market Growth

The pandemic of COVID-19 became the biggest obstacle in the growth and development of all the markets. Some problems that were prevalent during the pandemic included inadequacy of working capital among business owners, drastic change in the preference of customers, decrease in demand for products and restricted production activities.

However, the market experienced good growth even during the pandemic because, the need for hygienic food storage became an important part especially when everyone worked from home. The food containers and hydration bottles help in keeping the meals very fresh even for a very long period of time. Hydration bottles were also in high during the pandemic as people focused on keeping themselves hydrating. Therefore, the market experienced considerable growth even during pandemic.

LATEST TRENDS

"Integration of Smart Technology into These Containers to Accelerate Market Growth"

One of the latest trends that is visible in the market is the integration of smart technology into hydration bottles, and, food containers. Many new features are being updated into these containers in order to increase their efficiency and performance. Some of them include Bluetooth connectivity, companion mobile applications, and temperature sensors. This enhances the experience of the users.

Smart containers will not only monitor the temperature of the food and beverages but they also control the heat to ensure optimal freshness and taste. There are certain models that are available in the market that even offer personalized temperature preset. Some of them even give hydration reminders. All of this is considered as the latest trend in the market. 

Insulated Food Container and Hydration Bottle Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Insulated hydration bottle, and, insulated food container. The insulated hydration bottle segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Offline, and, online. The offline segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Rising Trend of Health-Conscious Lifestyles During Recent Times to Amplify Market Growth"

Post pandemic, people have become highly conscious of their lifestyles. In order to improve their immunity people have started to adopt a healthy lifestyle. As a result, many people are prioritizing on meal planning and more importantly hydration. Insulated food containers and hydration bottles are very helpful in both meal planning as well as hydration. Containers help in carrying nutritious meals.

Using these containers will allow people to eat home cooked meals without having to compromise on taste as well as freshness. This will encourage healthy eating habits. They also promote sustainability as they avoid the usage of single-use packaging. As the containers are insulated, they are considered to be an eco-friendly alternative. All of these factors are promoting the use of insulated food containers and hydration bottles.

"Increasing Focus on Cost Savings to Propel Market Growth "

Apart from providing the benefits of health and convenience another advantage of using these containers is that they are cost effective as well. People who focus on cost saving can use them to reduce their costs. Carrying homemade beverages and food items can help in cutting out on takeout’s and outside food.

 Apart from this an important factor that is driving the demand for the market is the desire for multi-functionality and versatility.  Many bottles and containers come with features such as built-in compartments, infuser attachments, utensils, and sensors. The aesthetic appeal of the product will further impress the customers. All of these factors will have a positive impact on the insulated food container and hydration bottle market share.

RESTRAINING FACTOR

"High Initial Cost of These Containers Compared to Single Use Alternatives to Decrease Market Growth"

Despite, the growing popularity of insulated containers and hydration bottles there are certain unfavorable factors prevailing in the market that can have a negative impact on the market growth. One such factor is the high initial cost of such containers as compared to single use alternatives.

Even though they are cheaper in the long run, these containers are expensive upfront. As a result, the budget conscious customers might deter while purchasing these items. Also, these products are bulkier compared to the normal ones which can make them difficult to carry. These containers have very limited storage space and they might also have breakage and leakage problems. These factors can bring down the market share.

Insulated Food Container and Hydration Bottle Market Regional Insights

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"North America to Dominate Market Share in Upcoming Years"

North America is the leading region in the market during the forecast period. Several factors have helped in uplifting the market share in this particular region. This region has robust market due to prevalence of factors such as busy life schedules of people in this region, health-conscious lifestyles, and increase in outdoor activities.

The numerous advantages provided by these containers will also contribute towards the development of the market in North America. These containers are incorporated with sensors, in-built compartments and many more unique features. All of these factors have increased the share of the market in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Haers (China)
• Thermos (U.S.)
• Yeti (U.S.)
• Zojirushi (Japan)
• Nanlong Group (China)
• S'well (U.S.)
• Xiongtai Group (China)
• Tiger (Japan)
• Hydro Flask (U.S.)
• Zhejiang Gint Vacuum Flask (China)
• EMSA GmbH (Germany)
• PMI (U.S.)
• Solidware (U.S.)
• Fuguang (China)
• Powcan (U.K.)
• Cille (India)
• Novia (Finland)
• Lock & Lock (India)
• Klean Kanteen (U.S.)
• Zhejiang Cayi Vacuum Container (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The top industrial players along with the region that dominates the market has also been given for the readers to know.