According to MarkNtel Advisors study the UAE Snacks Market is estimated to grow at a CAGR of around 3.6% during the forecast period, i.e., 2024-29.

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Key Findings of the Study: UAE Snacks market

The UAE Snacks 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.

Moreover, to enhance the tourism industry and accommodate increasing passengers, Abu Dhabi & Dubai are increasingly expanding & constructing new airports and terminals. This would drive the market growth of snacks in the coming years, as new airport terminals are designed with state-of-the-art retail spaces, prioritizing passenger experience.

The UAE Snacks Market Challenge

Mounting Input Cost in the Snack Industry to Impede Industry Expansion – The rising input cost in the snacks industry of the UAE, owing to the fluctuating raw material prices, rising labor costs, energy & packaging materials costs, exchange rate fluctuations, etc., is hindering the growth. The workforce in the snack industry is predominantly composed of expatriates, contributing to rising costs associated with work visas, recruitment processes, and accommodation for expatriate workers.

This cost burden poses a significant challenge for small- & medium-sized snack businesses, which are finding it challenging to absorb the escalating labor costs. The risky financial landscape is potentially leading to adverse outcomes such as business closures or limited growth opportunities for these enterprises.

Additionally, the rising cost of raw materials, particularly grains, impacted by factors like the Russia-Ukraine War & adverse weather conditions, has led to an increase in global food prices. These developments are expected to drive up the production costs of snacks, including items like biscuits & cookies. Consequently, consumers in the country may experience higher prices for snacks in the near future, further creating a challenge for the UAE Snacks Market expansion.

For more detailed information about the UAE Snacks market report, click here – https://www.marknteladvisors.com/research-library/uae-snacks-market.html

Scope of the Report and UAE Snacks Market Segmentation:

By Product Type

• Sweet Biscuits, Snack Bars and Fruit Snacks - Market Size & Forecast 2019-2029, (Thousand Tons)
• Savory Snacks - Market Size & Forecast 2019-2029, (Thousand Tons)
• Ice Cream - Market Size & Forecast 2019-2029, (Million Liters)
• Sugar Confectionery - Market Size & Forecast 2019-2029, (Thousand Tons)
• Chocolate Confectionery - Market Size & Forecast 2019-2029, (Thousand Tons)

By Distribution Channel

• Online - Market Size & Forecast 2019-2029, (USD Million)
• Offline - Market Size & Forecast 2019-2029, (USD Million)
  • Hypermarket & Supermarket
  • Convenience Store
  • Others (Specialty Store, etc.)

By Packaging Type

• Cans - Market Size & Forecast 2019-2029, (USD Million)
• Container & Boxes - Market Size & Forecast 2019-2029, (USD Million)
• Bags & Pouches - Market Size & Forecast 2019-2029, (USD Million)

Containers & boxes have held a considerable share of the UAE Snacks Market in 2022.

Geographical Analysis:

By Region

• Dubai
• Abu Dhabi & Al Ain
• Sharjah & Northern Emirates

Dubai had the largest market share in 2023 due to the emergence of the region as a hub for various cultural festivals & events, its diverse population, and retail expansion.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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