Market Research Report
GCC Bottled Water Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|GCC Bottled Water Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: January 10, 2022
IMARC Services Private Limited
Content info: 120 Pages
Delivery time: 2-3 business days
The GCC bottled water market reached a value of US$ 20.23 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2027, exhibiting a CAGR of 8.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Bottled water provides more consistent quality, purity and taste as compared to tap water, which can easily be contaminated. Most people in the GCC countries prefer bottled water, which undergoes special treatments, such as distillation and ozonation, since they consider tap water to be unsuitable for drinking. Some consumers even use packaged water for preparing beverages and food. Over the years, the reliance on bottled water has increased due to the extremely hot and dry climatic conditions in the GCC countries, along with the introduction of products with new flavors and different pH and sodium levels by manufacturers. The rising health consciousness and awareness about the health hazards of consuming carbonated drinks among consumers have boosted the demand for bottled water. Also, the rapid increase in the number of tourists and pilgrims, coupled with the thriving expatriate community in the region, is boosting the sales of bottled water. Packaged water is highly preferred since it is convenient to carry and use, and makes it easier to measure the water intake. Moreover, several international companies are forming alliances with regional firms to expand their consumer base. For instance, the collaboration between Al Manhal Water Factory with Nestle SA and Nestle Waters has facilitated the latter to distribute the Nestle Pure Life brand across the region. Apart from this, the introduction of user-friendly packaging and aggressive marketing by manufacturers are some of the other factors that are playing a crucial role in the growth of the market in the region.