The global Hydration belt Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global hydration belt market size is projected to reach USD 52.3 million by 2025, according to a new report published by Million Insights, growing at a CAGR of 11.0% over the forecast duration. The rising demand for these products as hydrating agents among sportspersons and fitness enthusiasts is predicted to be the driving factor for the segment.
Key Players:
- Nathan Sports
- FITLETIC
- URPOWER
- Adalid Gear
- Salomon S.A.S
- CamelBak
- Ultimate Direction
- FFITTECH
- Osprey Packs, Inc.
- Implus LLC
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Growth Drivers:
Moreover, the increasing awareness towards fitness through exercise and physical activities is fueling the market growth. Trainers and coaches emphasize on keeping the body hydrated during physical activities. Dehydration can have a negative impact on muscle function, body temperature, and the cardiovascular system. A normal individual is expected to consume 3 to 8 liquid ounces every 20 minutes. The growing demand among customers for carrying necessary products, like keys, phone, gels, energy bars, and cash while going for physical activities, is further giving a boost to the hydration belt market as manufacturers are encouraged to constantly modify and add features to the products.
Product Outlook:
- With Bottle
- Without Bottle
Form Outlook:
- Hard Bottle Hydration Belt
- Soft Flask Hydration Belt
Protective Medium Outlook:
- Insulating
- Non-Insulating
Capacity Outlook:
- Single Bottle
- Double Bottle
- Multiple Bottle
Distribution Channel Outlook:
- Offline
- Online
Regional Outlook:
North America was the largest market in 2018 with a 35.0% of hydration belt market share. It has been observed that sports activities are gaining huge traction among the millennial population in the U.S in the recent past A study conducted by the International Health, Racquet & Sportsclub, in 2018, mentioned that around 57 million citizens of the U.S. within the age group of 6+ are part of any health clubs. Moreover, the Worldwide Survey of Fitness Trends surveyed that growing trend of high-intensity interval training is predicted fuel the demand for hydration belts among the younger population.
The Asia Pacific is expected to grow at a CAGR of 12.1%, thus, becoming the fastest expanding market over the forecast period. Growing inclination towards physical activities like rowing, cycling, kayaking, canoeing, speed skating, and triathlon in India and China is expected to drive the market here. Moreover, the increasing number of international sports competition such as Olympic, Commonwealth, World Cups, and Asiad is fueling the number of sportspersons. Countries including Australia, Japan, China, and New Zealand have been excelling in rowing worldwide. Thus, growing sports culture coupled with government support to promote sports activities and healthy lifestyles is estimated to drive the market growth over the forecast years.
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