IMARC Group, a leading market research company, has recently released a report titled “Travel Mug Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global travel mug market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Travel Mug Market?
The global travel mug market size reached US$ 11.35 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.94 Billion by 2028, exhibiting a growth rate (CAGR) of 8.75% during 2023-2028.
What is Travel Mug?
Travel mugs refer to the use of specially designed containers made from various materials like stainless steel, plastic, or ceramic, with insulation properties to maintain the temperature of beverages. The process involves several stages including material selection, shaping, insulating, sealing, and finishing, resulting in a portable and convenient beverage container. This positions travel mugs as an essential segment in modern consumer goods, particularly within the framework of on-the-go lifestyles and sustainability.
What are the Growth Prospects and Trends in the Travel Mug Industry?
The growing trend towards reusable products and the increasing adoption of convenient and sustainable beverage solutions are fundamental factors driving the expansion of the travel mug market globally. In alignment with this trend, travel mugs are increasingly being recognized as a key accessory for environmentally friendly and practical beverage consumption, contributing substantially to market growth. Moreover, advancements in material science and manufacturing technologies are enabling the production of travel mugs with improved insulation, leak-proof features, and aesthetic designs, further bolstering market growth. The emphasis on environmental protection, waste reduction, and lifestyle convenience is escalating the demand for travel mugs, as they align with these values. This aspect, coupled with rising awareness among consumers about the benefits of travel mugs, is stimulating market growth. Additionally, the growing demand from various sectors such as office workers, commuters, outdoor enthusiasts, and students for reusable and practical beverage containers is accelerating market expansion. Furthermore, the need for compliance with regulations regarding sustainability, quality standards, and consumer safety is fueling the market's growth. Other factors, such as investments in research for developing innovative travel mug designs and the emergence of companies specializing in travel mug technology, are propelling market growth across the globe.
Who are the Key Players Operating in the Travel Mug Market?
The report has also provided a comprehensive analysis of the competitive landscape in the global travel mug market. Some of the companies covered include
- Aladdin (PMI Worldwide)
- Contigo (Newell Brands)
- De’Longhi Appliances S.r.l.
- Epoca International Inc.
- Hydro Flask (Helen of Troy Limited)
- Keurig Dr Pepper Inc.
- RTIC Outdoors LLC
- SharkNinja Operating LLC
- S'well (Lifetime Brands, Inc.)
- Thermos L.L.C.
- Zojirushi Corporation
What is Included in Market Segmentation?
The report has categorized the market based on type, capacity, and distribution channel.
Type Insights:
- Stainless Steel Travel Mug
- Plastic Travel Mug
- Others
Capacity Insights:
- Up to 399 ML
- 400 – 749 ML
- More Than 750 ML
Distribution Channel Insights:
- Online
- Offline
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Request For a PDF Sample Report: https://www.imarcgroup.com/travel-mug-market/requestsample
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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