The UAE Bottled Water Market is expecting around 6% CAGR during 2021-26, cites MarkNtel Advisors in their recent research report. It owes to the exponentially rising population & expanding tourism sector in the UAE, i.e., escalating the demand for bottled water and generating growth opportunities for the leading players in the market to increase their production & suffice the burgeoning water requirements.
Additionally, the robust tourism sector of the UAE owes to the rapidly increasing government focus on economic diversification, due to which massive infrastructural projects are in line to host travelers & tourists. It, in turn, is instigating the demand for different types of bottled water to deliver excellent hospitality services.
Besides, the UAE's food & beverage sector is also expanding swiftly and displaying a scaling service channel like cafes, hotels, pubs, restaurants, etc. It is another crucial aspect projected to propel the demand for bottled water & positively influence the market growth through 2026, further states the research report, “UAE Bottled Water Market Analysis, 2021.”
Growing Popularity of Flavored Drinks to Drive the Market through 2026
The rapidly growing consumer preference toward flavored, healthy & functional drinks, i.e., displaying their keen interest in exploring beverages infused with herbs, fruits, & other healthy ingredients, is the prime aspect driving the demand for Flavored Water in the UAE and, in turn, fueling the overall market growth. Additionally, the Covid-19 pandemic in 2020 that raised serious health concerns among people & stimulated the demand for flavored hydration products with benefits of minerals & vitamins is also augmenting the demand for flavored water.
Besides, generation Z is amongst the largest consumers of flavored water owing to the expanding trend of soft drinks with zero calories, low carbs, & zero sugar content. As a result, prominent market players are increasingly manufacturing these drinks, especially in citrus & berry flavors due to their refreshing taste. Moreover, natural flavors are increasingly in demand among consumers, due to which manufacturers are introducing new products with such flavors and stimulating the market growth, reveals MarkNtel Advisors in their research report, "UAE Bottled Water Market Analysis, 2021."
According to MarkNtel Advisors, the leading players 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.
Key Questions Answered in the Study