Market Overview: GCC Snacks Market:
According to the latest report from MarkNtel Advisors, the GCC Snacks Market is projected to grow at a CAGR of approximately 4.9% from 2024-30. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.
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 comprehensive analysis of the GCC Snacks Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.
-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 report also examines the market’s geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.
-By Region
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
Prominent GCC Snacks Market Competitive Landscape: and Their Strategic Outlook
The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.
- Mars Inc.
- PepsiCo Inc.
- Nestle SA
- Mondelez International Inc.
- IFFCO Group
- Kellogg Co.
- Pladis Ltd
- National Food Industries LLC (NFI)
- Saudi Ice-Cream Factory Ltd
- Kuwait Indo Trading Co WLL
- Others
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Key Questions Addressed in the Report
- Current Market Size and Share: What is the current size and share of the GCC Snacks Market, and what growth trends are anticipated shortly?
- Product/Service Demand: How does the demand for specific products/services in the GCC Snacks Market look, and what factors contribute to its growth or decline?
- Market Forecast: What is the forecast for the GCC Snacks Market in terms of size, growth, and emerging trends over the next few years?
- Market Evolution: How has the GCC Snacks Market evolved recently, and what are the latest developments that industry professionals should be aware of?
- Demand Factors: What key factors contribute to the demand for the GCC Snacks Market, as outlined in the most recent research report?
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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.
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