Posted On: 2021-08-06
Mineral bottled water acquired the largest market revenue share among all types in overall Qatar bottled water market – 6Wresearch.
Qatar bottled water market witnessed a significant growth during the period 2017-2020 as it is a major source of drinking water in Qatar as bottled water provides consistent quality, purity and taste as compared to tap water which can easily be contaminated. Furthermore, the tourism industry in Qatar is experiencing rapid growth which has contributed to the expanding foodservice channels, such as hotels & restaurants which has resulted in an increased consumption of bottled water. Additionally, a rise in population, and increasing health concerns would further lead to an increase in the demand for bottled water in Qatar.
According to 6Wresearch, the Qatar Bottled Water Market size is projected to grow at a CAGR of 6.9% during 2021-2027F. Given the prominent position that Qatar has gained in the industry over the last several years, has increased bottled water consumption in the country. Rise in the tourism industry has caused increase in consumption of bottled water. Due to increasing tourist footfall, Qatar is experiencing growth in number of foodservice channels such as hotels and restaurants. The Qatari government is spending massively on the tourism and allied sectors. According to Qatar National Tourism Council’s (QNTC) Annual Tourism Performance Report, room supply from properties under development in the country is expected to further increase in the coming years. One-star and two-star hotels benefitted the most with more than 23% increase in occupancy followed by three-star hotels, up by 11%. The demand for standard hotel apartment rooms also increased by 10% while five-star hotels recorded a 9% growth. There are 107 projects currently ongoing, comprising an estimated 21,500 rooms. The upcoming concept of cloud kitchen in the country, to minimize cost and maximize restaurant reach, would further increase the demand for bottled water.
According to Chhavi Malpani, Research Analyst, 6Wresearch, “The future development of residential and commercial complexes in areas like Muaither, Al Aziziyah, and Al Waab would open several opportunities for new fine dining, casual dining, QSRs, cafes, or dessert parlors, would further increase the demand for bottled water for both PET bottles and 5 gallons bottles.”
According to Monis Raees, Research Associate, 6Wresearch, " The approaching events in the country such as FIFA World Cup 2022 with an expected footfall of more than 3 million tourists would give a humongous boost to the hospitality sector in the country, which in turn would lead to a growth in the demand for bottled water in the coming years.”
Qatar Bottled Water Market (2021-2027F) report provides an in-depth analysis with 40 figures and 12 tables, covered in 94 pages. The report estimates and forecasts the Qatar bottled water market by types, quality, purchasing sources, origin of products, pack size and material. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the present and future market dynamics.