MarkNtel Advisors – Leading Market Research Company found Kuwait Snacks Market is expected to reach 5.29% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Kuwait Snacks Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Kuwait Snacks Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
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Scope of the Kuwait Snacks Market Report:
The Kuwait Snacks Market is estimated to grow at a CAGR of around 5.29% during the forecast period, i.e., 2024-30. The expansion of the market is driven by the increasing popularity of multicultural cuisines and a growing emphasis on health consciousness among consumers. The International Trade Administration (ITA) highlights that investments outside Kuwait are inspired by the fact that nearly 90% of the country's land is inappropriate for agriculture. This strategic investment approach is geared towards improving food & snack production abilities to meet the escalating need, thereby contributing to the overall market growth. These initiatives not only strengthen food security but also exert influence on the pricing dynamics of snacks & related products across the industry.
Which prominent factor is expected to drive the Kuwait Snacks Market during 2024-30?
Increasing Advancement in E-commerce Platform to Fuel Market Growth – E-commerce is one of the digitalizing platforms in Kuwait due to high internet access and growth in online shopping platforms. This platform is fulfilling the customer's demand of the customers by offering the delivery of snacks and other food products in less time. The biggest companies, such as Ferrero, Kellogg, etc., are offering direct-to-consumer connections for the delivery of various snacks through their official company website. As the internet technology is advancing, providing 4G to 5G internet connectivity, it drives easy & secure transactions, thereby increasing the popularity of the e-commerce platform, which resulted in increasing the demand for snacks. For instance:
In 2022, a new e-commerce platform named Raha was launched in Kuwait, which is the first fully automated e-grocery start-up involving various products, snacks, and other groceries that are elevating the traditional grocery experience to a convenient digital experience.
Moreover, e-commerce is coming up as a viable solution offering increasing demand for online shopping of snacks from local & international manufacturers in a lesser time efficiently & effectively, further enhancing the Kuwait Snack Market size in the coming years.
What are the different Segment Available in the Kuwait Snacks Market?
By Product Type
- Biscuits, Snack Bars, and Fruit Snacks - Market Size & Forecast 2019-2030, (Thousand Tons)
- Savory Snacks - Market Size & Forecast 2019-2030, (Thousand Tons)
- Ice Cream - Market Size & Forecast 2019-2030, (Million Liters)
- Sugar Confectionery - Market Size & Forecast 2019-2030, (Thousand Tons)
- Chocolate Confectionery - Market Size & Forecast 2019-2030, (Thousand Tons)
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)
By Region
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Al Jahra.
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Leading Kuwait Snacks companies operating in the Market
- Mars, Inc.
- Kuwait Indo Trading Co WLL
- Nestle
- Kellog Co
- Arabian Beverage Co. Ltd (ABC)
- IFFCO Group
- Ferrero & Related Parties
- Kuwait Danish Dairy Company (KDDC)
- United Beverage Company K.S.C.C (UNIBEV)
- Others.
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