The ‘GCC Natural Mineral Water Market Size, Share, Price, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the GCC natural mineral water market, assessing the market on the basis of its segments like size, distribution channel, and major countries.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
GCC Natural Mineral Water Market Share, Size, Trends, Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 10.20%
The growing tourism industry in the Gulf region is driving the growth of the GCC natural mineral water market. To cater to the demands of international tourists and provide them with quality experience, a surge in the demand for bottled natural mineral water can be witnessed. Along with this, owing to increased tourism, the number of food service channels, including hotels and restaurants selling bottled water, has increased considerably, supporting the market growth.
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Increasing disposable income, improved accessibility to natural mineral water through expanding distribution channels, and the rapid urban development in the region further favour the growth of the GCC natural mineral market. Constant research and development by key market players to introduce packaged natural drinking water with lower sodium content is further creating new opportunities for the market, serving as a healthy choice for those on a low-sodium diet. However, the easy availability of other packaged beverages and juices or bottled water may pose as a threat to the market.
Growing awareness among the masses regarding the importance of health and fitness, owing to increased internet penetration and a new wave of social media influencers promoting physical well-being, has led to a rise in the number of health-conscious consumers worldwide. Consumers are actively shifting from carbonated beverages like cold drinks to natural mineral water as the latter is comparatively healthier, which is assisting in the growth of the GCC natural mineral water market.
GCC Natural Mineral Water Industry Definition and Major Segments
Mineral water refers to the water obtained from pure and protected aquifers or underground reservoirs having specific hygiene features that also offers health benefits. The water can be consumed naturally without requiring any chemical processing. Mineral water comes dissolved with various salts and minerals including magnesium, chlorine, and sodium.
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By size, the GCC natural mineral water market is divided into:
- Less than 1 Litre
- 1 to 2 Litre
- More than 2 Litre
Based on distribution channel, the market is categorised into:
- On Trade
- Supermarkets and Hypermarkets
- Convenience Stores
- Others
The major markets for natural mineral water in GCC include:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
GCC Natural Mineral Water Market Trends
The GCC region is well known for its dry environment and scant water supplies. Hence, it is not easy to maintain a consistent and sustainable water supply. The scarcity of drinkable water in the Gulf region is thus contributing to the GCC natural mineral water market demand.
The convenience store segment accounts for a healthy share of the GCC natural mineral water market due to a widespread network of convenience stores, facilitating easy access. Additionally, effective marketing strategies by the retailers, coupled with the rapid development of more convenience stores in semi-urban areas are likely to favour the market growth.
Saudi Arabia and the United Arab Emirates are projected to witness significant growth over the forecast period due to rising tourism and growing food service channels. Along with this, the lucrative opportunities offered by the governments to set up packaged water facilities in these regions are further boosting the GCC natural mineral water market growth. Additionally, improved accessibility to top bottled natural mineral water brands through online channels is expected to positively affect the market growth.
Key Market Players
The major players in the GCC natural mineral water market report are:
- Nestlé S.A.
- Danone S.A.
- PepsiCo, Inc.
- Masafi Co LLC
- National Mineral Water Company (SAOG)
- Rayyan Mineral Water Company
- Al-Rawdatain Water Bottling Company
- Al Ain Food & Beverages PJSC
- MYNA Water Bahrain
- 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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