Market Size of Saudi Arabia Bottled Water Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.33 Billion |
Market Size (2029) | USD 3.59 Billion |
CAGR (2024 - 2029) | 8.99 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Bottled Water Market Analysis
The Saudi Arabia Bottled Water Market size is estimated at USD 2.33 billion in 2024, and is expected to reach USD 3.59 billion by 2029, growing at a CAGR of 8.99% during the forecast period (2024-2029).
A significant percentage of the hospitals and health centers in the country had water filtration systems for drinking water during the pandemic. However, due to social distancing, the patients were not allowed to use common services to prevent the virus. Owing to this, patients were kept in isolation and treated separately. Thus, they were provided with bottled water all the time, compensating to some extent for the overall demand for the market. Therefore, even during the pandemic, the bottled water market in Saudi Arabia was stable.
Over the period, the market growth is augmented by high disposable income, growing urbanization, and increasing demand for sparkling water. Such factors provide growth opportunities to global and regional bottled water manufacturers, primarily to cater to the increasing demand from institutions such as hospitals. Additionally, due to the pandemic, several countries were under lockdown.
This increased bottled water sales, primarily in the home delivery channel. Furthermore, government initiatives for personal hygiene are expected to drive the demand for bottled water. The Saudi Arabian bottled water market witnessed significant growth due to the rising tourism industry. Moreover, the country's food service channels, such as hotels and restaurants, are also increasing. Therefore, to offer quality service to their tourists, they also contribute to a significant share of sales in the bottled water market.