According to the latest market research report title “GCC Snacks Market By Product Type (Sweet Biscuits, Snack Bars, and Fruit Snacks [Wafers, Sweet Biscuits, Snack Bars, Fruit Snacks, Others], Savory Snacks [Salty Snacks, Nuts, Seeds, and Trail Mixes,Savory Biscuits, Others], Ice Cream [Impulse Ice Cream, Take-home Ice Cream, Others], Sugar Confectionery [Toffees, Caramels and Nougat, Pastilles, Gummies, Jellies and Chews, Medicated Confectionery, Boiled Sweets, Others], Chocolate Confectionery [Countlines, Tablets, Others]), By Distribution Channel (Online, Offline), By Packaging Type (Cans, Container & Boxes, Bags & Pouches), By Region (The UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain)–Forecast to 2030″, published by MarkNtel Advisors, The GCC Snacks Market size was valued at around USD 6.74 billion in 2023 and is estimated to grow at a CAGR of about 4.9% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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GCC Snacks Market Challenge:
Negative Impact of Additives & Other Chemicals to Hinder the Market – Food additives & chemicals contain various artificial colors, which could cause short or long-term harm to the individual health. Consumers are becoming aware of the adverse effects of additives present in food. Thus, a shift in consumer preference has been seen over the years as they prefer snacks and food products, mentioning zero additives in their labeling. Snack manufacturers that fail to change their product’s ingredients according to consumer preferences could face a decline in their sales.
Many international organizations regulate the amount of chemical presence in the food to avoid any potential harm to the individual’s health. Hence, various countries such as the UAE regulate & monitor food safety by implementing various laws. The inconsistency and presence of additives could negatively affect the brand reputation & authenticity of the company’s products, further impacting the GCC Snacks Market growth.
GCC Snacks Market Segmentation
The GCC Snacks Market is highly robust and fragmented into numerous segments;
By Product Type
-Sweet Biscuits, Snack Bars, and Fruit Snacks
–Wafers – Market Size & Forecast 2019-2030, (Thousand Tons)
–Sweet Biscuits – Market Size & Forecast 2019-2030, (Thousand Tons)
–Snack Bars – Market Size & Forecast 2019-2030, (Thousand Tons)
–Fruit Snacks – Market Size & Forecast 2019-2030, (Thousand Tons)
–Others (Crackers, Puffs, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
-Savory Snacks
–Salty Snacks – Market Size & Forecast 2019-2030, (Thousand Tons)
–Nuts, Seeds, and Trail Mixes – Market Size & Forecast 2019-2030, (Thousand Tons)
–Savory Biscuits – Market Size & Forecast 2019-2030, (Thousand Tons)
–Others (Potato Chips, Pretzel, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
-Ice Cream
–Impulse Ice Cream – Market Size & Forecast 2019-2030, (Million Liters)
–Take-home Ice Cream – Market Size & Forecast 2019-2030, (Million Liters)
–Others – Market Size & Forecast 2019-2030, (Million Liters)
-Sugar Confectionery
–Toffees, Caramels and Nougat – Market Size & Forecast 2019-2030, (Thousand Tons)
–Pastilles, Gummies, Jellies and Chews – Market Size & Forecast 2019-2030, (Thousand Tons)
–Medicated Confectionery – Market Size & Forecast 2019-2030, (Thousand Tons)
–Boiled Sweets – Market Size & Forecast 2019-2030, (Thousand Tons)
–Others (Mints, Lollipops, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
-Chocolate Confectionery
–Countlines – Market Size & Forecast 2019-2030, (Thousand Tons)
–Tablets – Market Size & Forecast 2019-2030, (Thousand Tons)
–Others (Chocolate Pouches and Bags, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
By Distribution Channel
-Online – Market Size & Forecast 2019-2030, (USD Million)
-Offline – Market Size & Forecast 2019-2030, (USD Million)
–Hypermarket & Supermarket
–Convenience Store
–Others (Specialty Store, etc.)
By Packaging Type
-Cans – Market Size & Forecast 2019-2030, (USD Million)
-Container & Boxes – Market Size & Forecast 2019-2030, (USD Million)
-Bags & Pouches – Market Size & Forecast 2019-2030, (USD Million)
By Region
-The UAE
-Saudi Arabia
-Qatar
-Kuwait
-Oman
-Bahrain
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Key Players Operating in the GCC Snacks Market: –
National Food Industries LLC (NFI)
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Saudi Ice-Cream Factory Ltd
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Kuwait Indo Trading Co WLL
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the GCC Snacks Market during the forecast period?
- Which segment is expected to lead the GCC Snacks Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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