According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on GCC Snacks Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
GCC Snacks Market Analysis and Size
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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Some of the major players operating in the GCC Snacks Market are 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.
GCC Snacks Market Growth 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 & 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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Market Segment and Geographical Analysis
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)
By Region
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
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