The global hydration backpack market is estimated to reach USD 701.9 million, by end of 2025, and is projected to grow at a CAGR of 12.4% from 2019 to 2025, according to a new report by Million Insights. The growing participation of consumers especially from countries such as Brazil, India, and China in activities such as cycling, running, and hiking is anticipated to boost the market growth. Additionally, owing to health benefits offered by the usage of this product are also expected to increase the market growth.
In 2018, the sports division held the highest share in the overall market. Moreover, different sports associations, and manufacturers are focusing on creating awareness among consumers across the globe. They are also advising to athletes, trekkers, and mountaineers for using hydration backpacks. Military application is projected to grow the CAGR of over 13.0% over the forecasted period. The launch of products with rain cover features and camouflage fabrics are estimated to bolster the demand for the product.
To download the sample PDF of Hydration Backpack Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-hydration-backpack-market/request-sample
The online channel is projected to grow at the CAGR of over 13.0% from 2019 to 2025. The increasing penetration of digital media, and internet especially across China, and India is estimated to support the market growth. Asia Pacific is estimated to grow at a CAGR of 13.9% from 2019 to 2025. The growing awareness among consumers regarding outdoor activities owing to its health and fitness is projected to positively impact the market growth.
Top players such as Lululemon, and Decathlon S.A. focus on expanding its reach across the globe. For instance, Lululemon has extend its reach across countries such as China, Australia, South Korea, U.K., and Germany by adding 40 stores to increase its distribution network.
To browse report summary & detailed TOC, “please” click the link below:
Further key findings from the report suggest:
• In 2018, North America held the largest market share in the overall market and is expected to grow significantly over the next few years.
• Asia Pacific is estimated to grow at the highest CAGR during the forecasted period, owing to the growing popularity of cycling, trekking, and running activities in the region.
• Based on the distribution channel, online segment is anticipated to grow at a significant rate of CAGR over the forecast period.
• The hydration backpack market is highly competitive due to presence of players such as Cascade Designs, HydraPak, LLC, Osprey Packs Inc., Deuter Sport GmbH, Mazama Designs LLC, Wingnut, and JACK WOLFSKIN.
Million Insights has segmented the global hydration backpack market based on product, distribution channel, and region:
Hydration Backpack End User Outlook (Revenue, USD Million, 2015 – 2025)
Hydration Backpack Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Specialty Store
• Departmental Store
• Online Retail
Hydration Backpack Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Read the Latest Press Releases available with Million Insights:
• Food Service Disposable Market: The global food service disposable market size is estimated to arrive at USD 79.2 billion by 2028. It is projected to develop by 4.9% CAGR in the period of forecast.
• Legal Cannabis Market: The global legal cannabis market is estimated to arrive at USD 91.5 billion by 2028. It is projected to develop by 26.3% CAGR in the period of forecast.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar