GCC Snacks Market: Crosses USD 6.74 billion Valuation in 2023, Envisions 4.9% CAGR Surge Up to 2030

How big is the GCC Snacks market?

According to MarkNtel Advisors study, 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 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.

Leading Companies in the GCC Snacks market:

• 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

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

GCC Snacks Market Segmentation:

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)

Sweet Biscuits, Snack Bars, and Fruit Snacks have gained a notable share in the GCC Snacks Market during the historical period.

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)

Regional/ Countries Insight:

• 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.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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Read More:

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