MarkNtel Advisors analyses the growth rate of the Kuwait Snacks market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Kuwait Snacks market, helping them make informed decisions.
Market Outlook – 2024-2030:
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.
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Key Company Profiles
This report explores recent significant developments in the Kuwait Snacks Market, focusing on the leading companies and their innovative profiles. The major players in the Kuwait Snacks Market, featured in this report, include:
- 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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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Kuwait Snacks Market to forecast revenues and analyse trends across each of the following sub-markets:
- 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)
Savory Snacks is expected to hold the majority share of the Kuwait Snacks Market during 2024-30.
- 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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What are the primary factors driving the growth of the Kuwait Snacks Market?
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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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