KSA Bottled Water Market Growth and Size, Rising Trends, Revenue, Industry Share, CAGR Status, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research
Saudi Arabia Bottled Water Market is projected to be worth USD 5.10 billion by 2033 and is anticipated to surge at a CAGR of 9.2%.
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Water that is packaged for consumer use in glass or plastic bottles, usually for drinking, is referred to as bottled water. It can originate from a number of places, such as wells, springs, or city supplies, and in order to satisfy safety and quality requirements, it can be processed or refined using procedures like filtering, distillation, or reverse osmosis. Particularly in places where water quality may be an issue, bottled water is frequently promoted as a practical, transportable, and secure substitute for tap water. In order to satisfy consumer tastes and hydration requirements, the beverage is also offered in a variety of forms, including still, sparkling, mineral, and flavoured. To guarantee its safety, bottled water is subject to laws and quality control procedures.
According to SPER Market Research, ‘Saudi Arabia Bottled Water Market Size- By Product Type, By Distribution Channel, Regional outlook, Competitive Strategies and Segment Forecast to 2033’ states that Saudi Arabia Bottled Water Market is estimated to reach USD 5.10 billion by 2033 with a CAGR of 9.2%.
The main drivers of the Saudi Arabian bottled water industry are the country's high disposable incomes, the rise in sprinkling water demand, and the country's institutions' and hospitals' increasing need for bottled water. Additionally, the Saudi Arabian market for bottled water will benefit from the swift expansion of the travel and tourist sector as well as the ongoing rise of the foodservice channels, which include hotels and restaurants. Due to the country's hot and dry climate and government efforts to promote tourism, new restaurants and hotels are being built. This is anticipated to increase the distribution of bottled water through these channels and accelerate the growth of the Saudi Arabian bottled water market.
Notwithstanding the encouraging growth potential, there are many obstacles and limitations facing the Saudi Arabian bottled water business. The effects of plastic bottle waste on the environment are one such issue. Alternative packaging options, like biodegradable bottles or refillable containers, are becoming more and more popular as worries about plastic pollution and environmental sustainability grow. Significant obstacles for industry participants are also presented by changes in the cost of raw materials and logistical limitations. Furthermore, the market's growth trajectory is influenced by the state of the economy, which includes elements like consumer spending trends and levels of disposable income. Government regulations and rules aimed at guaranteeing product safety and quality requirements also apply to the Saudi Arabian market for bottled water.
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The COVID-19 outbreak had a major effect on the bottled water market in Saudi Arabia. Concerns about health and cleanliness drove up demand for bottled water as people looked for convenient and safe ways to stay hydrated. Sales of bottled water soared as personal health became more important. However, production and distribution were hindered by economic difficulties and lockdowns. Additionally, the sector had to deal with sustainability and environmental issues as a result of the escalation of plastic bottle consumption in environmental discourse. The pandemic emphasised the value of diverse sourcing methods and local manufacturing capacities. In the long run, it has sped up trends towards packaging that is sustainable and healthful.
The Riyadh region dominated the Saudi Arabia Bottled Water Market due to its high population density. Some of the key players are - Al Jomaih Bottling Plant, Coca Cola Bottling Co, Al Manhal Water Factory Co. Ltd., Al Qassim Health Water Factory, Makkah Water Co.
Saudi Arabia Bottled Water Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Bottled Water Market is segmented as; Still Water, Sparkling Water, Functional Water.
By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Bottled Water Market is segmented as; Supermarket, Convenience Stores, Home & Office Delivery, Online Retail Stores, Others.
By Region: This research also includes data for Riyadh, Jeddah, Dammam, Khobar, Dhahran, Mecca, Medina, Ta'if, Yanbu, Al-Baha, Rest of Saudi Arabia.
For More Information, refer to below link: –
Saudi Arabia Bottled Water Market Forecast
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