GCC Snacks Market

GCC Snacks Market Achieves USD 6.74 billion in 2023, Eyes 4.9% CAGR Surge Until 2030

GCC Snacks Market A Dive from USD 6.74 billion in 2023/by 2030 | MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on GCC Snacks market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2030: Revealing GCC Snacks Market Insights and Analysis

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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Market Challenge: Negative Impact of Additives & Other Chemicals to Hinder the Market

Food additives & chemicals contain various artificial colors, which could cause short or long-term harm to the individual health. Consumers are becoming aware of the adverse effects of additives present in food. Thus, a shift in consumer preference has been seen over the years as they prefer snacks and food products, mentioning zero additives in their labeling. Snack manufacturers that fail to change their product’s ingredients according to consumer preferences could face a decline in their sales.

Many international organizations regulate the amount of chemical presence in the food to avoid any potential harm to the individualโ€™s health. Hence, various countries such as the UAE regulate & monitor food safety by implementing various laws. The inconsistency and presence of additives could negatively affect the brand reputation & authenticity of the companyโ€™s products, further impacting the GCC Snacks Market growth.

A Comprehensive Overview of Geographical Diversity:

the GCC Snacks Market expands across:

  • The UAE
  • Saudi Arabia
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Explore Full Market Research Report โ€“ https://www.marknteladvisors.com/research-library/gcc-snacks-market.html

GCC Snacks Market Segmentation Outline:

  • By Product Type (Sweet Biscuits, Snack Bars, and Fruit Snacks [Wafers, Sweet Biscuits, Snack Bars, Fruit Snacks, Others], Savory Snacks [Salty Snacks, Nuts, Seeds, and Trail Mixes,Savory Biscuits, Others], Ice Cream [Impulse Ice Cream, Take-home Ice Cream, Others], Sugar Confectionery [Toffees, Caramels and Nougat, Pastilles, Gummies, Jellies and Chews, Medicated Confectionery, Boiled Sweets, Others], Chocolate Confectionery [Countlines, Tablets, Others])
  • By Distribution Channel (Online, Offline)
  • By Packaging Type (Cans, Container & Boxes, Bags & Pouches)

Competitive Outlook

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

About MarkNtel Advisors

MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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