The Asia Pacific Thermos Drinkware Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 23,895.7 thousand units, showcasing a growth of 6.4% (2019-2022).
With the rise of specialty and artisanal beverages, this drinkware caters to enthusiasts who want to preserve their favorite drinks' distinct flavors and aromas. Whether it's a meticulously crafted pour-over coffee or a delicate tea blend, thermos containers help maintain the integrity of specialty beverages. The drinkware is popular for individuals who enjoy nutrient-rich smoothies and shakes. The insulation properties of thermos containers help preserve the freshness and nutritional content of these beverages, making them a convenient option for those who prioritize a healthy and active lifestyle.
This drinkware is often employed to pack hot or cold lunches and snacks for children. Parents can ensure their kids can access warm soups or chilled beverages throughout the school day. This use emphasizes the family-friendly and practical aspects of thermos containers. This drinkware is a staple for outdoor enthusiasts engaged in activities such as camping, hiking, or picnicking. The durability, insulation, and portability of thermos containers make them essential companions for individuals who want to enjoy their favorite drinks in outdoor settings.
According to India Brand Equity Foundation, India is the world's second-largest producer of tea. India's tea production was 91.77 million kg in April 2022 and 127.11 million kg in May 2022. India produced 1374.97 million kg of tea from 2022 to 2023. Additionally, Urban workplaces in China often have a strong tea and coffee culture. Urban residents in China have diverse preferences for beverages, including specialty coffees, teas, and health drinks per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Thermos Drinkware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $335.5 Million by 2030. The Japan market is registering a CAGR of 5.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Based on Type, the market is segmented into Water Bottle, Mugs & Tumblers, and Beverage Bottle. Based on Application, the market is segmented into Everyday Use, Outdoor Enthusiasts, and Specialized. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online. Based on Size, the market is segmented into 500 ml to 1,000 ml, Less than 500 ml, 1000ml & above. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Thermos Drinkware Market is Predict to reach $4.3 Billion by 2030, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SIGG Switzerland Bottles AG, Thermos LLC, Tiger Corporation, CamelBak (Vista Outdoor), Zojirushi Corporation, HAVI Group, LP (STANLEY), Klean Kanteen, Hydro Flask (Helen of Troy Limited), KINTO Co., Ltd. and Contigo Brands (Newell Brands)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Size (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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