UAE Snacks Market Expects CAGR Growth to Approx. 3.6% by 2029 As Revealed in New Report

Report Overview:

The following report titled “UAE Snacks Market: By Product Type (Sweet Biscuits, Snack Bars and Fruit Snacks, Savory Snacks, Ice Cream, Sugar Confectionery, Chocolate Confectionery) and other forecast 2024-2029” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

UAE Snacks Market Summary

The UAE Snacks Market is estimated to grow at a CAGR of around 3.6% during the forecast period, i.e., 2024-29. The growth is driven by rising disposable income, the presence of a young & dynamic population, a heightened shift in e-commerce, and increasing female workforce participation. The rising affluence, bolstered by a strong economy, has led to raised disposable income, resulting in a greater willingness to spend on convenient snacks. With a mix of nationals & expatriates, there is a growing demand for on-the-go snack options. Busy lifestyles, characterized by longer working hours & commutes, have further fueled the need for readily available snacks in recent years.

Report Coverage & Details

• Forecast Period: 2024-2029
• Base Year: 2023
• Market Size in 2023: USD Bbb Billion
• CAGR: 3.6%

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UAE Snacks Market Driver:

Upsurge in the Tourism Industry to Amplify the Market Expansion – During the historical period, the tourism sector played a significant role in the UAE Snacks Market. According to the Dubai Chamber of Commerce, Dubai itself welcomed around 14.5 million tourists to the country in 2022 & 8.5 million in the first half of 2023. The surging arrival of travelers contributed to increased consumption of on-the-go snacks, such as packaged nuts, chips, and chocolates, as the tourist looks for quick & easy refreshment during their travels, instigating the UAE Snack Market size.

Moreover, to enhance the tourism industry and accommodate increasing passengers, Abu Dhabi & Dubai are increasingly expanding & constructing new airports and terminals. This would drive the market growth of snacks in the coming years, as new airport terminals are designed with state-of-the-art retail spaces, prioritizing passenger experience.

Segmentation Analysis: UAE Snacks Market

By Product Type

• Sweet Biscuits, Snack Bars and Fruit Snacks – Market Size & Forecast 2019-2029, (Thousand Tons)
• Savory Snacks – Market Size & Forecast 2019-2029, (Thousand Tons)
• Ice Cream – Market Size & Forecast 2019-2029, (Million Liters)
• Sugar Confectionery – Market Size & Forecast 2019-2029, (Thousand Tons)
• Chocolate Confectionery – Market Size & Forecast 2019-2029, (Thousand Tons)

By Distribution Channel

• Online – Market Size & Forecast 2019-2029, (USD Million)
• Offline – Market Size & Forecast 2019-2029, (USD Million)
  • Hypermarket & Supermarket
  • Convenience Store
  • Others (Specialty Store, etc.)

By Packaging Type

• Cans – Market Size & Forecast 2019-2029, (USD Million)
• Container & Boxes – Market Size & Forecast 2019-2029, (USD Million)
• Bags & Pouches – Market Size & Forecast 2019-2029, (USD Million)

By Region

• Dubai
• Abu Dhabi & Al Ain
• Sharjah & Northern Emirates

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Leading Players Analysis: UAE Snacks Market

The report provides detailed analysis of key players in the UAE Snacks market, highlighting their strategies and competitive scenario.

• Mars, Inc.
• PepsiCo Inc.
• Nestle Middle East
• Kellog Co
• Mondelez International Inc.
• IFFCO Group
• Ferrero & Related Parties
• National Food Industries LLC (NFI)
• Savola Group Co
• Perfetti Van Melle Group

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5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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