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UAE snack bar Market Trends, Business Strategies and Opportunities with Key Players Analysis 2024

UAE snack bar

UAE snack bar market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2019 to 2024 are profiled in this report.

UAE snack bar market is forecasted to grow at a CAGR of 6.87% during the forecasted period (2019 – 2024).

The UAE snack bar market is highly competitive and consists of a number of major players. Top Companies like Kellogg Company, General Mills Inc., QuestNutrition, Clif Bar & Company, Nestle, PepsiCo Inc., Natural Balance Foods, Mars Inc. among others.

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Scope of the Report

UAE snack bar market offers a range of product types including cereal, energy and other snack bars distributed through supermarket/hypermarket, convenience store, specialty stores, online stores, and other point of sales.

Key Market Trends

Cereal Bars Overshadows Other Snack Bars

Cereal bars are leading the snack bar market in the country as incorporated cereals are perceived as a healthier alternative to chocolates and other bars. UAE consumers are looking for real food ingredients, such as whole grains, fruits, nuts, and vegetables, like carrot, with zero added sugars, less artificial sweeteners, and hydrogenated fats in the meal replacement snack bars leading to the increased consumption of cereal bars majorly granola and muesli bars.

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Supermarket/hypermarket Dominates the Retail Sector

Supermarket/hypermarket holds more than 50% share in the distribution channel sales. Expansion of supermarkets/hypermarkets in the region is driven by offering discounts and multiple varieties, which drive the impulse buying behavior of consumers. About 86% of the population lives in urban cities, which drives the snack bar retail sales. However, imposing VAT in early 2018 has slowed down retail sales and influenced consumer purchasing behavior. E-commerce sales of snack bar have registered a considerable growth rate in the past five years, which poses tough competition to supermarkets and convenience stores sales.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: UAE snack bar Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

 

 

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