IMARC Group, a leading market research company, has recently releases report titled “GCC Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2028”. The study provides a detailed analysis of the industry, including the GCC bottled water market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Bottled Water Market?
The GCC bottled water market size reached US$ 22.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.24% during 2024-2028.
Factors Affecting the Growth of the GCC Bottled Water Industry:
• Increasing Health Consciousness:
The growth of the GCC bottled water market is significantly influenced by a rising awareness of health and wellness among consumers. There has been a shift in consumer preference towards healthier hydration options, with bottled water being perceived as a purer and safer alternative to tap water. This trend is further fueled by the increasing incidence of waterborne diseases and concerns over the quality of municipal water supplies. Moreover, the growing fitness culture and emphasis on a healthy lifestyle in the GCC countries have led to a higher demand for bottled water, as it is often associated with purity and essential minerals.
• Climatic Conditions and Scarcity of Freshwater:
The GCC region, known for its arid climate and limited freshwater resources, relies heavily on desalination plants for its water supply. The extreme temperatures and scarcity of naturally available drinking water make bottled water an essential commodity for residents and visitors. This dependence on bottled water is exacerbated during the hotter months when hydration needs increase. Additionally, the process of desalination is expensive and energy-intensive, making bottled water a more convenient and sometimes more cost-effective option for consumers, thereby driving market growth.
• Growing Tourism and Hospitality Sector:
The booming tourism and hospitality industry represents one of the key factors driving the market growth of bottled water in GCC. This growth directly impacts the bottled water market, as tourists and business travelers often prefer bottled water due to trust in its quality and safety, especially in regions where the local water quality might be uncertain. Hotels, restaurants, and recreational facilities contribute to the increased demand for bottled water. Furthermore, large-scale international events are boosting the consumption of bottled water significantly.
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Leading Companies Operating in the GCC Bottled Water Industry:
• Al Ain Water
• Al Jomaih Bottling Plants
• Al Kawther Water Treatment W.L.L.
• Alsafi Drinking Water Purification LLC
• Hana Food Industries Company
• Masafi Park
• Oasis Water Company SAOC (The Zubair Corporation)
Key Market Segmentation:
The report is organized into distinct sections as follows:
Breakup by Product Type:
• Still Bottled Water
• Carbonated Bottled Water
• Flavored Bottled Water
• Mineral Bottled Water
By product type, still bottled water represented the largest segment due to its widespread availability and consumer preference for non-carbonated, pure water.
Breakup by Distribution Channel:
By distribution channel, supermarkets/hypermarkets represented the largest segment because of their extensive reach and the convenience they offer to consumers for bulk purchases.
• Saudi Arabia
• United Arab Emirates
Region wise, Saudi Arabia emerged as the largest market due to its high population and increased demand for bottled water amid concerns about the quality of tap water and harsh climatic conditions.
GCC Bottled Water Market Trends:
The growing health-conscious population is increasingly opting for bottled water as a healthier alternative to sugary beverages. Concerns about hydration and water quality have spurred demand for reliable and safe drinking water sources. The GCC region's hot and arid climate, characterized by scorching temperatures, has led to a heightened awareness of the importance of staying hydrated.
This climatic factor has made bottled water an essential and readily available beverage choice, further fueling market growth. Government initiatives and regulations promoting clean and safe drinking water have instilled confidence in consumers regarding the quality of bottled water. Additionally, the convenience factor associated with bottled water, whether in small bottles for on-the-go consumption or larger ones for household use, has significantly contributed to its market growth.
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Other Key Points Covered in the Report:
• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations
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.
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