Apr 06, 2023

Other

Ankush Nikam

Saudi Arabia Drinking Water Market, reaching US$ 11.26 Billion by the year 2032, at a CAGR of 7.8%

Newark, Del: Saudi Arabia Drinking Water Market was worth US$ 5.33 Billion in the year 2022 and is expected to reach US$ 11.26 Billion by the year 2032 at a CAGR of 7.8% between 2022 and 2032.

Saudi Arabia, according to the Royal Embassy of Saudi Arabia (RES), comes across as the biggest manufacturer of desalinated water in Saudi Arabia. It is a known fact that Saudi Arabia is categorized as a desert with dearth of natural source of water (lakes or river). This calls for proper management of potable water.

The Ministry of Water and Electricity, along with leading providers, is handling the matters of water all across. RES states that the SWCC (Saline Water Conversion Corporation) does operate close to 27 desalination stations; yielding more than 3 Million cubic meters/day of potable water; which is more than 70% of water used in cities.

The key participants are trying to include mineral- and vitamin-rich drinking water to promote it. Contaminated water results in neurological ailments, reproduction-related problems, and gastrointestinal diseases. This asks for a burgeoning need for proper drinking water.

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Bottled water yielding companies do claim that the seals of bottles render protection to water from the bacterial contamination irrespective of duration of storage. Also, awareness programs are being conducted regarding consumption of safer and refreshing beverages that are free of artificial chemicals. On these grounds, Flo Drinks have come up with a chain of natural mineral water products under brand name ‘Flo Essence Water’. They have been infused with various natural sugar-free flavors at pH of 7.

Functional water is witnessing a greater demand in Saudi Arabia. These days, this type of water comes as a zero-calorie herbal water that contains herbal extracts. It is expected to contribute on significant counts to the overall economy of Saudi Arabia. Offline sales channels like supermarkets/hypermarkets, convenience stores, departmental stores, and likewise are holding more than 50% of the market share.

Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Saudi Arabia Drinking Water market’.

“Desert areas need proper planning and maintenance, especially when it comes to drinking water. Various measures taken on this count are likely to help Saudi Arabia Drinking Water Market stand in a good stead in the near future”, says an analyst from Future Market Insights.

Competitive Analysis

  • PepsiCo, in the year 2022, did sign a MoU (Memorandum of Understanding) with the Saudi Irrigation Organization (SIO) for advancing scientific efforts related to water conservation measures. The major objective was that of providing appropriate irrigation methods all across Saudi Arabia.
  • Nestle, in February 2022, did donate close to 3 Million servings of food & beverages to the relief operations managed by several organizations based out of Saudi Arabia. It did work to the advantage of 14K healthcare workers and 23K families.
  • Agthia is another player emphasizing on increasing presence throughout via exorbitant investments. The greenfield investments consist of US$ 24.5 Million.
  • Almar Water Solutions, in July 2022, bought half of the share in Aguas San Pedro SA.
  • The Pure Beverage Industry Company, in January 2022, did announce that it had launched IVAL – a quality bottled water produced at the local level (from underground water wells in Saudi Arabia).
  • Red Sea Development Co., in May 2021, did inaugurate the very first completely renewable bottled water plant in Saudi Arabia. This mineral water extraction plant makes use of wind and solar energy as a part of the efforts to safeguard environment.

Key players in the Saudi Arabia Drinking Water Market

Nestlé S. A., Hayat Water, Al Hada Water Co. Ltd., Naqi Water, Arwa, Dome, Tania, Berain, Al-Qassim Healthy Water, Hana Water, Al Ain Water, Dala Company, Fayha Water, Safawater. Qa, Aquafina (PepsiCo, Inc.), Najed, Nova, Manahel, Safa, Mazen, Al-Manhel, Other (as per request)

Buy Now to Gain Access to Detailed Information About Each Segment and Identify Key Trends, Drivers, and Challenges in the Market@ https://www.futuremarketinsights.com/checkout/15637

What does the Report Cover?

  • The research study is based on product type (still drinking water, carbonated drinking water, flavored drinking water, functional drinking water, and spring water), by water resources (surface water, groundwater (renewable groundwater and non-renewable groundwater), and non-conventional water resources (desalinated seawater and treated wastewater), by bottle capacity (100-300 ml, 300-750 ml, 1K-1.5K ml, 5K ml, 15K ml, 15K – 20K ml, and more than 20K ml), by end-user (commercial (quick service restaurants, fine dining, casual dining, cafes, and bras/cubs), and residential), by packaging type (PET bottle, glass bottle, stand-up pouches, and retort pouches), and by sales channel (direct and indirect (supermarkets/hypermarkets, departmental store, convenience store, online retailers, drug stores, and other sales channel)).
  • Scarcity of drinking water all across Saudi Arabia is expected to drive Saudi Arabia Drinking Water market in the years to come.

Saudi Arabia Drinking Water Market by Category

By Product Type:

  • Still Drinking Water
  • Carbonated Drinking Water
  • Flavoured Drinking Water
  • Functional Drinking Water
  • Spring Water

By Water Resources:

  • Surface Water
  • Groundwater
    • Renewable Groundwater
    • Non-renewable Groundwater
  • Non-Conventional Water Resources
    • Desalinated Seawater
    • Treated Wastewater

By Bottle Capacity:

  • 100-300 ml
  • 300-750 ml
  • 1,000-1,500 ml
  • 5,000 ml
  • 15,000 ml
  • 15,000-20,000 ml
  • More than 20,000 ml

By End-User:

  • Commercial
    • Quick Service Restaurants
    • Fine Dining
    • Casual Dining
    • Cafes
    • Bars/Pub
  • Residential

By Packaging Type:

  • PET Bottle
  • Glass Bottle
  • Stand-up Pouches
  • Retort Pouches

By Sales Channel:

  • Direct
  • Indirect
    • Hypermarkets/ Supermarkets
    • Departmental store
    • Convenience Store
    • Online Retailers
    • Drug Stores
    • Other Sales Channel

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About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Report: https://www.futuremarketinsights.com/reports/saudi-arabia-drinking-water-market

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Author

Future Market Insights



Email:

ankush@futuremarketinsights.com

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