Market Overview: GCC Snacks Market FY24-30
This reports provides an essential and dependable overview of the GCC Snacks Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
GCC Snacks Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 4.9% (2024-2030)
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.
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GCC Snacks Market Opportunity:
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.
GCC Snacks Market Segmentation Analysis - FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the GCC Snacks Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The GCC Snacks Market segmentation is enlisted below:
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)
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By Region
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
GCC Snacks Market Competitive Landscape
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 Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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