The UAE Bottled Water market growth is proliferating at a rapid rate owing to major factors such as a growing urban population with a large number of immigrants, a surging a number of government initiatives to boost the tourism sector, and escalating demand for functional and flavored water among consumers. Besides these other factors includes, the paradigm shift toward the consumption of functional bottled water from carbonated soft drinks due to a large number of people suffering from obesity and diabetes, the launch of plant-based water bottles, and increasing demand for water bottles with vitamin D due to rising deficiency of vitamin D among individuals.
According to MarkNtel Advisors’ research report titled “UAE Bottled Water Market Analysis, 2020”, the UAE Bottled Water market is anticipated to grow at a CAGR of 6% during 2021-26F. Based on Type of Water, Mineral water acquired a significant market share in the UAE bottled water market in 2020 due to the increasing number of people suffering from osteoporosis, heart disease, obesity, and metabolic syndrome, and diabetes due to rising deficiency of vitamin such as vitamin D among individual. Moreover, factors such as the growing popularity of bottled water containing vitamin D among children and adults, surging number of working professionals, and burgeoning demand for mineral water among retail, hotels, restaurants, and cafeterias are anticipated to fuel the growth of the segment in the forthcoming timeline.
“UAE Bottled Water Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Bottled Water providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Dubai Dominated the Market Share
Dubai dominated the market in 2020 and is projected to maintain its dominance over the forecast period 2021-26. The strong foothold of giant market players, rising demand for bottled water among consumers and working population, and boost in the number of tourists due to a host of international events such as EXPO 2021 which is anticipated to promulgate the demand for bottled water in the near future. Moreover, Abu Dhabi & Al Ain regions are also growing at a rapid rate owing to the ability of plant-based water bottles to reduce CO2 footprint, rising consumer inclination toward sustainability as these bottles are biodegradable and compostable, and expanding distribution channels of the market players to gain a strong foothold at in-store shelf level in the region is projected to place a significant impact toward the growth of UAE Bottled Water market as stated in MarkNtel Advisors’ research report " UAE Bottled Water Market Analysis, 2020".
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Bottled Water market are Masafi, Agathia Group, Nestle, AL Ghadeer Drinking Water L.L.C, Falcon Spring, Dubai Crystal Mineral Water & Refreshments L.L.C, Our Oasis, AWAFI MINERAL WATER CO., Zulal Water Company, Mai Dubai, etc.
Key questions answered in the study