GCC Snacks Market Estimated to Grow at 4.9% CAGR, Reaching USD 6.74 Billion in 2023

GCC Snacks Market Overview:

MarkNtel Advisors recently released a detailed business study on the GCC Snacks Market size is projected to grow at a CAGR of around 4.9% during the forecast period, i.e., 2024-30. This comprehensive report covers historical data, current market trends, market size, marketing strategies, technological innovations, upcoming technologies, emerging trends and opportunities, as well as advancements in the related industry.

GCC Snacks Market Driver:

Health Consciousness Driving the Demand for Organic & Allergen-free Snacks – Various companies have been introducing plant-based organic products & allergen-free foods due to the rising demand for healthy & organic food. As individuals increasingly focus on fitness & a healthy diet, the GCC Snacks Market has seen an upward trend toward plant-based allergen-free products. Plant-based foods have less saturated fat than other foods. Thus, organic-based snacks are gaining popularity over their benefits to consumers as they are free from pesticides or any chemicals.

Moreover, due to increasing demand for such types of snacks, various local & global companies are introducing organic allergen-free food to cater to the rising demand. For instance, in 2023, Callebaut company launched “Callebaut NXT”, a plant-based & allergen-free chocolate in the UAE. As various countries in the GCC region are trying to expand their tourism sector, this would create a favorable demand for plant-based snacks. Consequently, the government strategies would draw more foreign tourists, which would further accelerate the Snacks Market growth in the GCC region during the forecasted period.

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Insights into Dominant Segments in the GCC Snacks Market

The thorough analysis of the GCC Snacks Market identifies lucrative opportunities across diverse segments. This meticulous segmentation enables potential investors to make informed decisions aimed at maximizing returns and strategic growth.

-By Product Type

Sweet Biscuits, Snack Bars, and Fruit Snacks
Savory Snacks
Ice Cream
Sugar Confectionery
Chocolate Confectionery

-By Distribution Channel

Online - Market Size & Forecast 2019-2030, (USD Million)
Offline - Market Size & Forecast 2019-2030, (USD Million)

-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)

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GCC Snacks Market Geographical Reach:

The GCC Snacks Market Geographical Reach assesses the distribution and prominence of consumption, highlighting geographical that dominate in terms of market size, volume, and promising future growth prospects.

-By Region

The UAE
Saudi Arabia
Qatar
Kuwait
Oman
Bahrain

Prominent GCC Snacks Market Competitive Landscape and Their Strategic Outlook

The Prominent GCC Snacks Market Competitive Landscape examines key players and their strategic initiatives within the industry. This analysis provides insights into competitive dynamics, business strategies, innovations, and infrastructure investments, forecasting their market presence and trajectory over the coming years.

Mars Inc.
PepsiCo Inc.
Nestle SA
Mondelez International Inc.
IFFCO Group
Pladis Ltd
National Food Industries LLC (NFI)
Saudi Ice-Cream Factory Ltd
Kuwait Indo Trading Co WLL
Others

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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Key Questions Addressed in the Report

Current Market Size and Share: What is the current size and market share of the GCC Snacks Market, and what are the growth trends anticipated in the near future?

Demand Drivers: What factors are driving the demand for GCC Snacks, and how are consumer preferences evolving?

Market Forecast: What is the projected growth trajectory of the GCC Snacks Market in terms of size, CAGR, and emerging trends over the next several years?

Competitive Landscape: Who are the key players in the GCC Snacks market, what are their strategies, and how are they positioned to compete effectively?

Technological Advancements: What technological innovations are shaping the GCC Snacks industry, and how are they influencing market dynamics and consumer behavior?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, 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 14.8 diverse industrial verticals.