Forecast: GCC Snacks Market Expected to Grow to 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)
Explore Our
Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-snacks-market.html
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
Customization
of Reports Available - https://www.marknteladvisors.com/query/request-customization/gcc-snacks-market.html
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.
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