openPR Logo
Press release

Snack Products Market in Qatar and GCC

07-09-2018 09:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research

TMR has pegged the Qatar and GCC snack product market to exhibit an impressive 9.6% CAGR between 2016 and 2024. At this pace the market is expected to reach US$2682.3 mn by the end of 2024 as against US$1103.6 mn in 2015. Among key products available in the market, the segment of potato specialty products is likely to witness the highest demand. In terms of packaging type, retain package has emerged dominant.

Changing Lifestyle Choices to Create Lucrative Growth Prospects

The demand for snack products is accelerating at a significant pace. Factors such as rising pool of women workforce, changing lifestyle, and the rising trend of nuclear family have created an environment conducive to the growth of the global snack product market. As manufacturers invest in innovating new flavors and in various food and beverage multinationals, the snack product market will witness increasing opportunities in GCC and Qatar. Besides this, the market is also expected to benefit from various macro-economic factors. Furthermore, experts believe that soaring opportunities lie for the market in the region’s booming tourist industry.

Request For Report Brochure For Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14654

Health Consciousness among Consumers may Curb Demand

Processed meals or ready to eat food are often linked to health concerns such as high cholesterol. Furthermore, packaged food is considered one of the main causes triggering obesity. Their unbridled consumption may also aggravate health concerns such as blood pressure, osteoarthritis, and heart diseases. The increasing awareness about these concerns can negatively impact the snack product market in Qatar and GCC countries. Key point to consider here is that rising health consciousness among buyers could negatively impact the market as well.

As per the World Health Organization, obesity is rising at an alarming pacer in UAE and Saudi Arabia and in the near future it will account for a bigger share of the region’s overall population. This concern may result in declining growth of the market for some high-cholesterol varieties of snacks. Conversely, the demand for healthier snacks made from organic, food grain, and whole grain products will rise. Furthermore, the scenario will reap benefits for the vitamin fortified snack products. As this trend catches on, more producers will join the bandwagon by including healthier varieties of snacks in the product portfolio. With this they will be able to cater to the preferences of health conscious consumers while sustaining growth.

Obtain Report Details @ https://www.transparencymarketresearch.com/snack-products-market.html

The snack product market in Qatar and other countries in GCC exhibits a highly fragmented vendor landscape. According to Transparency Market Research (TMR), the top five players held nearly half of the market in 2015. Furthermore, the report says that Saudi Snack Foods Co. accounted for over quarter of the overall market in 2015, however, none of leading companies could manage a sizeable share for clear dominance. In addition to this, low entry barriers in the Qatar and GCC snack product market has triggered the prevailing competition. Impelled by this, the market players are adopting novel strategies to gain traction. The leading companies in the Qatar and GCC snack product market are also diversifying their product portfolio to gain competitive edge. Besides this, they concentrate on offering excellent product quality and innovation to cater to the dynamic consumer preference.

About Us

Transparency Market Research (TMR) is leader in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany, NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Snack Products Market in Qatar and GCC here

News-ID: 1114935 • Views: 203

More Releases from Transparency Market Research

Latest TMR Report Explores Impact of COVID-19 Outbreak on Wine Market
Wine is an alcoholic beverage made from grapes, without the addition of acids, enzymes, sugars, water, and other nutrients. Yeast helps in the consumption of the sugar in the grapes and converts it into carbon dioxide and ethanol. Different yeasts and different varieties of grapes produce different types of wine. The variations in wine result from the complex interaction between the biochemical developments of the grapes. Obtain Report Details @ https://www.transparencymarketresearch.com/wine-market.html Grapes
Coronavirus's Impact On Healthcare Electronic Data Interchange (EDI) Market
Electronic data interchange is a concept of electronic business communication. Healthcare electronic data interchange allows the interchange of computer-processable electronic healthcare data in a user-friendly format among healthcare institutions, healthcare professionals, and patients. Standardization, cost savings, improved productivity, and faster processing are some of the benefits offered by healthcare EDI. Obtain Report Details @ https://www.transparencymarketresearch.com/healthcare-electronic-data-interchange-market.html For instance, healthcare providers can send claim status requests and procure information using a predefined transaction
Sputum Collection Containers Market Research, Recent Trends and Growth Forecast
Sputum Collection Container Market: Overview The global sputum collection containers market represents promising opportunities for pharmaceutical manufacturers during the forecast period. Sputum collection containers are used to collect a biological sample of sputum during transit. Sputum collection containers find applications in hospitals, research, and development centers and diagnostic centers. Sputum collection containers generally include a leak-proof screw cap wide moth closure for convenient use. Obtain Report Details @ https://www.transparencymarketresearch.com/sputum-collection-containers-market.html Manufacturers engaged in
Potential Impact of COVID-19 on Anti-Counterfeiting Packaging Market
Anti-counterfeiting Packaging Market: Overview Counterfeits are unauthorized reproductions of a trademarked brand which are identical to genuine products. Counterfeit goods include clothing, jewelry, medications, cigarettes, electronic equipment and parts among others. Secure packaging is necessary to avoid counterfeit products. Anti-counterfeiting packaging is defined as the process of assigning secure packaging to the product in order to minimize infringement and counterfeiting. Obtain Report Details @ https://www.transparencymarketresearch.com/anti-counterfeiting-packaging-market.html The market for counterfeit goods is growing

All 5 Releases


More Releases for Qatar

Qatar Telecoms, Mobile and Broadband Market Professional Survey, Size and Indust …
WiseGuyReports.com “Qatar - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database. Scope of the Report: Customers benefit from progressive telecoms market in Qatar. Qatar has increasingly become a progressive market for telecoms and a leader in the Middle East. In 2016 the country has a vast array of networks and services on offer including 4G, VoLTE, LTE-A, M2M and fibre-based technologies. It is also
Qatar Telecoms, Mobile and Broadband Market Professional Survey, Size and Indust …
WiseGuyReports.com “Qatar - Telecoms, Mobile and Broadband - Statistics and Analyses” report has been added to its Research Database. Scope of the Report: Qatar - Telecoms Customers benefit from progressive telecoms market in Qatar. Qatar has increasingly become a progressive market for telecoms and a leader in the Middle East. In 2016 the country has a vast array of networks and services on offer including 4G, VoLTE, LTE-A, M2M and fibre-based technologies. It
Qatar Telecom Market 2017: Key Players – Ooredoo Qatar, Vodafone Qatar, OSN, B …
SUMMARY WiseGuyReports published new report, titled “Qatar: Country Intelligence Report” "Qatar: Country Intelligence Report", a new Country Intelligence Report by provides an executive-level overview of the telecommunications market in Qatar today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV, as well
Qatar Telecom Market 2017: Key Players – Ooredoo Qatar, Vodafone Qatar, OSN, B …
SUMMARY WiseGuyReports published new report, titled “Qatar: Country Intelligence Report” "Qatar: Country Intelligence Report", a new Country Intelligence Report by provides an executive-level overview of the telecommunications market in Qatar today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV, as well
‘Qatar Education’ Receives Strong Endorsement
Fast advancing as the education hub of the Gulf Region, the Qatari Government are proudly positioning high level learning as a key resource of their country. A key achievement, this role will further realise the highly strategic and ambitious cornerstones of the Qatar National Vision 2030 that places focus on Human, Social, Economic and Environmental development – education and research being critical to these challenges. Qatar University (QU), the
Kanoo Travel Expands In Qatar
Opens new office at Ras Laffan industrial city and a state-of-the-art corporate services centre in Doha. Doha, Qatar, January 18, 2009: Kanoo Travel, the largest travel company in the Middle East, today announced the expansion of its Qatar operations with the opening of its new office at Ras Laffan Industrial City and a new state-of-the-art corporate services centre in Doha. This announcement comes as part of Kanoo Travel’s rapid regional growth