Market Research Report

GCC Snacks Market Research Report: Forecast (2024-2030)

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), By Region (The UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain), By Company (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) Read more

  • Food & Beverages
  • Nov 2023
  • 144
  • FB22079

Market Insights & Analysis: GCC Snacks Market (2024-30):

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. The market growth is attributed to various factors, including the expansion of the economy with an increasing population, a busy lifestyle, demand for value-added snacks, and the implementation of several governmental strategies. The GCC countries' intensifying efforts to increase the contribution of the non-oil sector to the economy by investing in other sectors, such as tourism. Nations in this region actively spend on the tourism sector by constructing new hotels, resorts, etc., and implementing tourism strategies to attract foreign tourists.

Visitors coming from diverse backgrounds with different dietary preferences require ready-to-eat snacks at the time of exploring cities & attractions for convenience & on-the-go consumption for time management. In addition, sometimes, hotels and resorts also provide snacks and refreshments for the visitors. GCC nations are actively promoting tourism to increase the inflow of tourists in the country with varying preferences and consumption habits, resulting in the demand for various types of snacks in the market. Further raising the opportunities for the local and global snack manufacturers in the market would accelerate the growth prospect in the upcoming years.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 4.9%
Country Covered The UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain
Key Companies Profiled 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
Market Value (2023) USD 6.74 Billion 

 

Moreover, as the GDP of GCC countries expands, so does the disposable income of the individuals. In 2022, the World Bank Organization projected the economic expansion of the Gulf Corporation Council to be around 5.9%. This economic expansion resulted in the industrial growth of various sectors, including the food & beverage industry, and so does the demand for high-quality premium ready-to-eat snacks. Consumer preference in the GCC region is shifting towards healthier snacks with low-sugar, trans-fat contents due to the increasing obesity rates in the region.

Consumers have been willing to pay higher prices for these premium snacks, resulting in new product or formulation development in the premium products category by the snack manufacturers. For instance, UAE-based company Dofreeze LLC introduced two Eurocake premium lines of cakes in the country for ready-to-go consumption for busy consumers. Therefore, innovative premium product launches and increasing per capita income of the GCC population driving growth opportunities for the Snacks Market in the GCC region during the forthcoming period.

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.


GCC Snacks Market Research Report: Forecast (2024-2030)

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 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 individual’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 company’s products, further impacting the GCC Snacks Market growth.

GCC Snacks Market (2024-30): Segmentation Analysis

The GCC Snacks Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at regional & national levels. In accordance to the analysis, the market has been further classified as:

Based on Product Type:

  • Sweet Biscuits, Snack Bars, and Fruit Snacks
  • Savory Snacks 
  • Ice Cream
  • Sugar Confectionery
  • Chocolate Confectionery

Sweet Biscuits, Snack Bars, and Fruit Snacks have gained a notable share in the GCC Snacks Market during the historical period. Due to the convenience of on-the-go consumption without any preparation, it saves consumers time and is highly popular. This snack bar offers portion control servings suitable for the consumer who manages their calorie intake daily. With the growing health concern, many consumers prefer nutritional snack bars containing functional ingredients such as protein, fiber, etc.

Furthermore, a growing population with specific dietary preferences & dietary restrictions is favoring this sector since it offers a varied choice of snacks, including allergen-free, gluten-free, and dairy-free options. Therefore, due to the changing consumer inclination toward healthier product formulations, the market share is expected to experience accelerated growth during the forecasted period.

GCC Snacks Market (2024-30): Regional Projection

Geographically, the GCC Snacks Market expands across:

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

The UAE is anticipated to hold a significant share of the GCC Snacks Market in the upcoming years owing to the implementation of a supportive foreign direct investment policy for the agriculture sector, followed by the national food security strategy 2051, offering long-term stability to foreign investors. The new regulatory framework of the government allows investors to get benefits from production to distribution process due to the unhampered access to the UAE’s market.

Furthermore, increasing urbanization, the busy & hectic life of the working population, and increasing tourism inflow due to the government’s efforts for economic diversification drive the demand for ready-to-eat snack food for convenience and time management. Therefore, a large population of expatriates, dependency on imports for food resources, and supportive strategies are anticipated to drive the UAE Snacks Market over the future years.

Gain a Competitive Edge with Our GCC Snacks Market Report

  • GCC Snacks Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • GCC Snacks Industry Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The GCC Snacks Market is expected to grow at a CAGR of around 3.45% during 2024-30.

   A. The awareness for health consciousness & healthy diet is expected to drive the Snacks Market during 2024-30.

   A. The top companies 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, and Others.

   A. Sweet biscuits, snack bars, and fruit snacks are the leading product types in the GCC Snacks Market.

   A. The UAE would present growth prospects in the GCC Snacks Market during 2024-30.

   A. The negative impact of additives & other chemicals in the Snacks Market is the possible restraint affecting the growth in the GCC region.

GCC Snacks Market Research Report (2024-2030) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. GCC Snacks Consumer Behavior Analysis
    1. Consumer Spending
    2. Proportion of Consumer Shopping, By Channel
      1. Offline
        1. Supermarket/Grocery Store
        2. Convenience Store/Corner Shop
      2. Online
    3. Top Ranking Food Brands
  5. GCC Snacks Market Trends & Developments
  6. GCC Snacks Market Dynamics
    1. Drivers
    2. Challenges
  7. GCC Snacks Market Hotspot & Opportunities
  8. GCC Snacks Market Regulations & Policy
  9. GCC Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons & Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type
        1. Sweet Biscuits, Snack Bars, and Fruit Snacks
          1. Wafers - Market Size & Forecast 2019-2030, (Thousand Tons)
          2. Sweet Biscuits - Market Size & Forecast 2019-2030, (Thousand Tons)
          3. Snack Bars - Market Size & Forecast 2019-2030, (Thousand Tons)
          4. Fruit Snacks - Market Size & Forecast 2019-2030, (Thousand Tons)
          5. Others (Crackers, Puffs, etc.) - Market Size & Forecast 2019-2030, (Thousand Tons)
        2. Savory Snacks 
          1. Salty Snacks - Market Size & Forecast 2019-2030, (Thousand Tons)
          2. Nuts, Seeds, and Trail Mixes - Market Size & Forecast 2019-2030, (Thousand Tons)
          3. Savory Biscuits - Market Size & Forecast 2019-2030, (Thousand Tons)
          4. Others (Potato Chips, Pretzel, etc.) - Market Size & Forecast 2019-2030, (Thousand Tons)
        3. Ice Cream
          1. Impulse Ice Cream - Market Size & Forecast 2019-2030, (Million Liters)
          2. Take-home Ice Cream - Market Size & Forecast 2019-2030, (Million Liters)
          3. Others - Market Size & Forecast 2019-2030, (Million Liters)
        4. Sugar Confectionery
          1. Toffees, Caramels and Nougat - Market Size & Forecast 2019-2030, (Thousand Tons)
          2. Pastilles, Gummies, Jellies and Chews - Market Size & Forecast 2019-2030, (Thousand Tons)
          3. Medicated Confectionery - Market Size & Forecast 2019-2030, (Thousand Tons)
          4. Boiled Sweets - Market Size & Forecast 2019-2030, (Thousand Tons)
          5. Others (Mints, Lollipops, etc.) - Market Size & Forecast 2019-2030, (Thousand Tons)
        5. Chocolate Confectionery
          1. Countlines - Market Size & Forecast 2019-2030, (Thousand Tons)
          2. Tablets - Market Size & Forecast 2019-2030, (Thousand Tons)
          3. Others (Chocolate Pouches and Bags, etc.) - Market Size & Forecast 2019-2030, (Thousand Tons)
      2. By Distribution Channel
        1. Online - Market Size & Forecast 2019-2030, (USD Million)
        2. Offline - Market Size & Forecast 2019-2030, (USD Million)
          1. Hypermarket & Supermarket
          2. Convenience Store
          3. Others (Specialty Store, etc.)
      3. By Packaging Type
        1. Cans - Market Size & Forecast 2019-2030, (USD Million)
        2. Container & Boxes - Market Size & Forecast 2019-2030, (USD Million)
        3. Bags & Pouches - Market Size & Forecast 2019-2030, (USD Million)
      4. By Region
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Kuwait
        5. Oman
        6. Bahrain
      5. By Competition
        1. Market Share & Analysis
        2. Top Selling Brands
        3. Competition Characteristics
  10. The UAE Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  11. Saudi Arabia Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  12. Qatar Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  13. Kuwait Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  14. Oman Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  15. Bahrain Snacks Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Thousand Tons and Million Liters for Ice Cream)
    2. Market Size & Analysis
      1. By Product Type - Market Size & Forecast 2019-2030, (Thousand Tons and Million Liters for Ice Cream)
      2. By Distribution Channel - Market Size & Forecast 2019-2030, (USD Million)
      3. By Packaging Type - Market Size & Forecast 2019-2030, (USD Million)
  16. GCC Snacks Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Company Profiles 
      1. Mars Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. PepsiCo Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Nestle SA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Mondelez International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. IFFCO Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Kellogg Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Pladis Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. National Food Industries LLC (NFI)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Saudi Ice-Cream Factory Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Kuwait Indo Trading Co WLL
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  18. Disclaimer


GCC Snacks Market Segmentation