Market Size of Gulf Cooperation Council (GCC) Bottled Water Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.79 Billion |
| Market Size (2029) | USD 11.52 Billion |
| CAGR (2024 - 2029) | 11.16 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Bottled Water Market Analysis
The Gulf Cooperation Council Bottled Water Market size is estimated at USD 6.79 billion in 2024, and is expected to reach USD 11.52 billion by 2029, growing at a CAGR of 11.16% during the forecast period (2024-2029).
The total volume and value sales of bottled water benefitted from the COVID-19 outbreak in 2020, and this category recorded growth. This was due to stockpiling and bulk buying of bottled water in line with the government-enforced curfews and periodic lockdowns in major cities, including Makkah and Madinah, in early March. The lockdown restrictions on the foodservice industry were a major challenge for manufacturers and affected demand in the short term.
The GCC bottled water market has witnessed significant growth due to the growing tourism industry. Moreover, the number of foodservice channels, such as hotels and restaurants, is increasing in the country. In order to offer quality service to tourists, the region is also contributing to the high share of sales in the bottled water market, primarily from the still bottled water segment.
Furthermore, a major consumer shift is being observed in the GCC bottled water market from carbonated beverages, like cold drinks, to still bottled water solely due to the latter's healthy positioning in the retail space, which is driving the market's growth.
