Natural mineral water is a variety of water sourced from underground reservoirs that are pure and safeguarded. It possesses a consistent level of minerals and does not require chemical filtration or treatments to be consumed. The flavor of natural mineral water may differ based on its mineral composition. The primary minerals found in natural mineral water include calcium, magnesium, chloride, sodium, and sulphate, which contribute to its healthiness, safety, and balanced properties.
GCC Natural Mineral Water Market Driving Factors and Challenges
Several important aspects that support the industry's growth and development are what drive the natural mineral water market in the GCC. First off, consumers' growing knowledge of and preference for safe and healthful drinking water has fueled the market for natural mineral water. People who are concerned about their health will appreciate this water's natural mineral content, which includes important minerals and trace elements. Additionally, a demand for premium and high-quality beverages, especially natural mineral water, has been generated by the growing tourism sector in the GCC region. Locally sourced natural mineral water is frequently sought after by tourists and other visitors as a mark of authenticity and a distinctive experience.
Natural mineral water is more popular because it is sourced from protected underground aquifers and doesn't require substantial processing, and it is also more sustainable and environmentally conscientious. The industry has grown as a result of the rising retail market and the accessibility of natural mineral water through a number of distribution channels. The primary factors driving the expansion of the GCC natural mineral water sector are, in general, the growing awareness of health and wellbeing, tourism trends, sustainability, and the retail market.
There are a number of barriers limiting the natural mineral water market in the GCC from expanding and developing. It is essential to uphold the natural mineral water's high standards for quality and safety. Any failure in quality assurance or safety protocols may result in a loss of customer confidence and have a detrimental effect on the market. Natural mineral water's marketability is significantly influenced by its packaging also. Market adoption of sustainable packaging options and plastic waste reduction, which is a growing issue among environmentally concerned customers, present hurdles.
Impact of COVID-19 on GCC Natural Mineral Water Market
The market for natural mineral water in the GCC has been significantly impacted by the COVID-19 outbreak. First, the demand for natural mineral water has decreased as a result of the closure of hotels, restaurants, and other hospitality facilities, which are important consumers of the product. The market has seen a decline in sales as a result of travel restrictions and decreased tourism activity. In addition, the pandemic's effects on the economy have lowered consumer purchasing power, which has resulted in lower use of non-essential goods like natural mineral water. However, the pandemic has boosted awareness of health and cleanliness, which has given the industry opportunities as customers look for safe and wholesome beverage options. The COVID-19 pandemic has generally presented difficulties for the GCC natural mineral water business, but it has also emphasised the value of health and wellness, which could spur future growth.
GCC Natural Mineral Water Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Al Ain Food & Beverages PJSC, Al-Rawdatain Water Bottling Company, Danone S.A., Masafi Co LLC, MYNA Water Bahrain, National Mineral Water Company (SAOG), Nestlé S.A., PepsiCo, Inc., Rayyan Mineral Water Company, others.
GCC Natural Mineral Water Market Segmentation:
By Size: Based on the Size, GCC Natural Mineral Water Market is segmented as; Less than 1 Litre, 1 to 2 Litre, More than 2 Litre.
By Distribution Channel: Based on the Distribution Channel, GCC Natural Mineral Water Market is segmented as; Convenience Stores, On Trade, Supermarkets and Hypermarkets, Others.
By Region: This report also provides the data for key regional segments of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.