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 2023-2028”, 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 2023-2028.
Factors Affecting the Growth of the GCC Bottled Water Industry:
- Changing Consumer Preferences and Health Consciousness:
The GCC Bottled Water market is witnessing significant growth, primarily driven by changing consumer preferences and a growing health consciousness among the population. Consumers are increasingly opting for bottled water as a healthier alternative to sugary beverages. The rising awareness of the importance of staying hydrated and the health benefits associated with clean and purified water have contributed to the market's expansion. As consumers seek safer and more convenient hydration options, the bottled water market in the GCC region is expected to continue its upward trajectory.
- Infrastructure Development and Urbanization:
The rapid pace of urbanization and infrastructure development in the Gulf Cooperation Council (GCC) countries has played a pivotal role in the growth of the bottled water market. As urban areas expand, access to clean and safe drinking water becomes a priority. In many cases, bottled water serves as a reliable source of potable water, especially in regions where tap water quality may be a concern. The development of modern retail channels, such as supermarkets and convenience stores, has further facilitated the distribution and availability of bottled water products.
- Environmental Considerations and Sustainability Initiatives:
Environmental considerations and sustainability have become increasingly important factors affecting the bottled water market in the GCC region. While the market has seen substantial growth, it has also faced scrutiny due to concerns about plastic waste and its impact on the environment. As a response, several bottled water companies in the GCC are actively working on sustainability initiatives, including the use of eco-friendly packaging materials and recycling programs. Consumer demand for environmentally responsible brands and products is influencing purchasing decisions and driving the adoption of sustainable practices within the industry.
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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:
- Supermarkets/Hypermarkets
- Retailers
- Stores
- On-Trade
- Others
By distribution channel, supermarkets/hypermarkets represented the largest segment because of their extensive reach and the convenience they offer to consumers for bulk purchases.
Regional Insights:
- Saudi Arabia
- United Arab Emirates
- Oman
- Qatar
- Kuwait
- Bahrain
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 region's extreme climate and high temperatures create a constant demand for clean and safe drinking water, making bottled water a necessity for residents and tourists alike. Moreover, increasing health consciousness among consumers has led to a preference for bottled water over sugary beverages, as it is perceived as a healthier option. Additionally, government initiatives to promote safe drinking water and stringent regulations on tap water quality further boost the market. The convenience factor of portable, ready-to-drink bottled water also plays a significant role in its growth in the GCC region.
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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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