The Latin America, Middle East and Africa Thermos Bottle Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 13.2 million units, showcasing a growth of 9.0% (2023-2030).
As people look to carry nourishing beverages while traveling, health & wellness awareness helps the business expand. Its primary purpose is to maintain beverage temperature for a lengthy period, which is an important incentive for those who wish to drink hot or cold beverages all day. A broad spectrum of consumers are also drawn to the customization options, toughness, and several uses. While increasing disposable income allows customers to invest in higher-quality items, branding and marketing initiatives have boosted awareness and demand for these bottles. Additionally, developing e-commerce platforms has boosted market accessibility and sales.
The market is already a sizable business within the reusable beverage container sector. Still, as consumer preferences keep shifting, producers are expected to innovate and add new features to satisfy various demands. As individuals become more aware of how important it is to consume adequate water to support their health, the demand for these bottles has increased. The item has become increasingly necessary as it promotes personal hygiene, helps people stay hydrated, and prevents the ingestion of tainted water.
The UAE dominated the GCC region in terms of e-commerce, with an industry growth of 53% in 2020 and a record $3.9 billion in e-commerce sales, which accounted for 10% of all retail sales. By 2025, the UAE marketplace's population is expected to have access to the internet and mobile devices at a rate of nearly 100%, according to the Dubai Chamber of Commerce and Industry. The growing e-commerce sector is further supporting the manufacturers of various items, such as thermos bottles, to market their products through such channels, which would eventually contribute to their growth. Thus, with the growing e-commerce channel, the market is expected to grow.
The Brazil market dominated the LAMEA Thermos Bottle Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $139.6 Million by 2030. The Argentina market is estimated to witness a CAGR of 8.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.3% during (2023 - 2030).
Based on Material, the market is segmented into Stainless Steel, Plastic, Glass and Others. Based on Application, the market is segmented into Commercial and Household. 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 Bottle Market is Projected to reach USD 7.1 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Thermos LLC, Fuguang Group, Panasonic Holdings Corporation, Midea Group Co., Ltd., Hydro Flask (Helen of Troy Limited), Klean Kanteen, Hamilton Housewares Pvt. Ltd., CamelBak (Vista Outdoor), LocknLock Co., and Contigo Brands (Newell Brands).
By Material (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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