The Latin America, Middle East and Africa Thermos Drinkware Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 8,057.5 thousand units, showcasing a growth of 9.4% (2023-2030).
This drinkware is suitable for transporting and preserving hot soups and stews, making it a practical choice for those who prefer homemade meals on the go. This application is particularly popular during the colder months. Some thermos containers have built-in infusers, allowing users to create infused water with fruits, herbs, or detoxifying ingredients. This application caters to individuals who want to add natural flavors to their hydration routine. The growing focus on aesthetics and design is a notable development in the market. Consumers are looking for functional drinkware and products that align with their style. Manufacturers respond by offering various colors, patterns, and materials to cater to diverse consumer tastes.
The integration of smart technology into this drinkware is an emerging trend. Some innovative products now feature temperature control capabilities, allowing users to set and monitor the temperature of their beverages through mobile apps. This technological integration enhances the user experience by providing greater control over the drinking environment. The trend towards personalized products is influencing the market. Manufacturers offer customization options, allowing consumers to add personal touches such as monograms, names, or unique designs to their thermos containers. This trend is consistent with the increasing demand for unique and personalized products.
As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. Additionally, Saudi Arabia has a predominantly hot climate, and residents often prefer to have their beverages at a refreshing temperature. Arabic coffee, known as "qahwa" or "gahwa," holds cultural significance in Saudi Arabia. The drinkware keeps Arabic coffee hot and maintains its flavor during social gatherings, meetings, and events. Due to these aspects, market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Thermos Drinkware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $81 Million by 2030. The Argentina market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Thermos Drinkware Market is Projected to reach USD 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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