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.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: – https://www.marknteladvisors.com/query/request-sample/gcc-snacks-market.html
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.
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 – 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
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