TEMPERATURE CONTROLLED MUG MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global temperature controlled mug market is witnessing strong growth in the recent years. A temperature controlled mug is an insulated thermal mug which helps to keep hot beverages hot and cold beverages cold for longer duration of time. These mugs use insulated wall construction along with high performance phase change materials (PCMs) which allow the transfer of heat at a very slow rate. The technology integrated in these mugs electronically monitors and maintains the temperature of beverages between certain preset temperatures such as 140-170 degrees Fahrenheit for hot beverages and 40-60 degrees Fahrenheit for cold beverages. The growing demand for on-the-go consumption coupled with rising health awareness among consumers are the key factors propelling the demand for temperature controlled mugs.

Market Dynamics:

Rise in busy lifestyles and changing consumer preference towards on-the-go consumption are the primary drivers propelling the growth of global temperature controlled mug market. These mugs allow consumers to enjoy perfectly temperature beverages even hours after preparation without frequent refills which suit their fast-paced lifestyle. Moreover, increasing health consciousness among consumers have stimulated demand for thermal food carriers as they help consumers to avoid consumption of extremely hot or cold liquids that may cause harm. However, high initial costs of temperature controlled mugs compared to regular mugs limit their mass adoption. Furthermore, availability of substitute products such as vacuum insulated stainless-steel bottles and flasks pose challenge to market growth. Nevertheless, ongoing technological advancements in temperature control technologies and material science are expected to create new opportunities.

Key Features of the Study:

• This report provides in-depth analysis of the global temperature controlled mug market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global temperature controlled mug market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Ember Technologies, Inc., Yeti Holdings, Inc., Cauldryn LLC, Thermos LLC, Yecup Inc., Muggo Inc., OHOM Inc., Contigo Brands, Zojirushi Corporation, BURNOUT Mugs, Yecup Inc., Zojirushi Corporation, Black Empire Global Gifts , Corkcicle , Mighty Mug, and Hygge Life
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global temperature controlled mug market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation

• Material Insights (Revenue, USD Mn, 2019 - 2031)
• • Stainless Steel
  • Ceramic
  • Plastic
•  Capacity Insights (Revenue, USD Mn, 2019 - 2031)
  • Less than 12 oz
  • 12-16 oz
  • More than 16 oz
•  End-User Insights (Revenue, USD Mn, 2019 - 2031)
  • Personal/Household
  • Commercial
•  Distribution Channel Insights (Revenue, USD Mn, 2019 - 2031)
  • Online Retail
  • Offline Retail
• Regional Insights (Revenue, USD Mn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Ember Technologies, Inc.
  • Yeti Holdings, Inc.
  • Cauldryn LLC
  • Thermos LLC
  • Yecup Inc.
  • Muggo Inc.
  • OHOM Inc.
  • Contigo Brands
  • Zojirushi Corporation
  • BURNOUT Mugs
  • Yecup Inc. 
  • Zojirushi Corporation
  • Black Empire Global Gifts 
  • Corkcicle 
  • Mighty Mug
  • Hygge Life