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UAE Snacks Market report by MarkNtel Advisors u2013 Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.
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UAE Snacks Market Research Report: Forecast (2024-2029) Get a Free Sample of the Report Include FY2025-30:
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Market Insights The UAE Snacks Market is estimated to grow at a CAGR of around 3.6% during the forecast period, i.e., 2024-29. The growth is driven by rising disposable income, the presence of a young & dynamic population, a heightened shift in e-commerce, and increasing female workforce participation. The rising affluence, bolstered by a strong economy, has led to raised disposable income, resulting in a greater willingness to spend on convenient snacks. With a mix of nationals & expatriates, there is a growing demand for on-the-go snack options. Busy lifestyles, characterized by longer working hours & commutes, have further fueled the need for readily available snacks in recent years.
Market Driver Upsurge in the Tourism Industry to Amplify the Market Expansion – During the historical period, the tourism sector played a significant role in the UAE Snacks Market. According to the Dubai Chamber of Commerce, Dubai itself welcomed around 14.5 million tourists to the country in 2022 & 8.5 million in the first half of 2023. The surging arrival of travelers contributed to increased consumption of on-the- go snacks, such as packaged nuts, chips, and chocolates, as the tourist looks for quick & easy refreshment during their travels, instigating the UAE Snack Market size.
Market Segments • By Product Type: (Sweet Biscuits, Snack Bars and Fruit Snacks, Savory Snacks, Ice Cream, Sugar Confectionery, Chocolate Confectionery), • By Distribution: Channel (Online, Offline, (Hypermarket & Supermarket, Convenience Store), Others (Specialty Store, etc.)), • By Packaging Type: (Cans, Container & Boxes, Bags & Pouches), By Region (Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates),
Top Companies Mars Inc., PepsiCo Inc., Nestle Middle East, Kellog Co., Mondelez International Inc., IFFCO Group, Ferrero & Related Parties, National Food Industries LLC (NFI), Savola Group, Perfetti Van Mella Group, and Others.
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