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Wednesday, January 5, 2022

GCC Bottled Water Market to be Driven by the Rising Demand for Potable and Sanitary Water due to Rapid Urbanisation and Population Growth in the Region during the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘GCC Bottled Water Market Report and Forecast 2021-2026’, gives an in-depth analysis of the GCC bottled water market, assessing the market based on its segments like Type, Packaging Materials, Distribution Channels, and Regional markets among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 20.14 billion litres
  • Forecast CAGR (2021-2026): 6%
  • Forecast Market Size (2026): 28.57 billion litres

The increasing demand for potable and sanitary water in the GCC is driving the bottled water industry. This is due to the region's rapid economic growth and population expansion. Over the last two decades, the region's population has nearly doubled. In the Gulf Cooperation Council, bottled water is the most popular beverage. It controls 56% of the beverage market in the GCC. In comparison to tap water, which is often contaminated, bottled water delivers more consistent quality, purity, and flavour. Since many believe tap water is unfit for drinking, most people in GCC nations prefer bottled water that has undergone specific procedures like as distillation and ozonation. Some people even use pre-packaged water to make drinks and food. Due to the highly hot and dry climatic conditions in the GCC nations, as well as the development of new tastes and pH and salt levels by manufacturers, the use of bottled water has risen over time. Due to the growing tourist sector in the GCC, the bottled water market has seen tremendous expansion. Furthermore, the country's foodservice channels, such as hotels and restaurants, are expanding. As a result, the region is contributing to the large percentage of sales in the bottled water industry, especially from the still bottled water sector, in order to provide quality service to visitors.

Industry Definition and Major Segments

In comparison to tap water, bottled water has a consistent flavour, higher quality, and higher purity. Before packing, the bottles are frequently exposed to ultraviolet (UV) light to inhibit disease development during storage and shipping. The bottles are then filled with water, labelled, and sold in various sizes following the disinfection process.

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On the basis of Type, the GCC bottled water market is segmented into:

  • Still Water
  • Carbonated Water
  • Flavoured Water
  • Mineral Water
  • Others

Based on Packaging materials, the GCC bottled water market is divided into:

  • Plastic containers
  • Glass containers

On the basis of Distribution channel, the GCC bottled water market is categorised into:

  • Supermarkets/hypermarkets
  • Retailers
  • Stores
  • Online platforms
  • Among others

The major regional markets of the GCC bottled water market are:

  • Saudi Arabia
  • UAE
  • Kuwait
  • Among others

Market Trends

The growing health consciousness among consumers in the Gulf Cooperation Council (GCC) is assisting the bottled water industry. This is especially true given the region's high obesity and diabetes rates. Diabetes affects almost 39 million people in the Middle East, and the area has one of the worst obesity rates in the world. As a result, consumers in the Gulf Cooperation Council (GCC) nations are seeking for alternatives to sugar-laden carbonated beverages, boosting the bottled water industry. Bottled water is seen as a healthier and more convenient alternative to fizzy drinks. The region's market is also being propelled ahead by the expanding demand for drinkable water from pilgrims, tourists, and expats in the region, particularly in the UAE and Saudi Arabia. The largest market for bottled water is Saudi Arabia. The nation is home to 52 percent of the GCC's bottled water manufacturers. The United Arab Emirates follows Saudi Arabia as a key market, accounting for over a quarter of the region's bottled water facilities. The UAE market is being fuelled by the country's expanding consumption of the commodity. The UAE is ranked tenth in the world in terms of bottled water consumption per capita, with approximately 34 gallons used per person. Saudi Arabia consumes about 31 gallons of bottled water per capita, second only to the United Arab Emirates.

Latest News on GCC Bottled Water Market:

Key Market Players

The major players in the market are Al Bayan Purification & Potable Water LLC, Hana Water Company, Al Ain Mineral Water Co, Masafi Inc, Emirates Refreshments PJSC, and Health Water Bottling Co. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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