Press release
UAE Energy Bar Market 2021 Highlights Recent Trends, Market Growth, Opportunities till 2025
MarketInsightsReports has recently published a UAE Energy Bar market research study with more than 100 industry informative desk and figures spread through pages and easy to understand detailed TOC on “UAE Energy Bar Market”.The report provides information and the advancing business series information in the sector to the exchange. The report provides a notion connected to the progress of this market movement of significant players in this industry. An examination of this UAE Energy Bar market relies upon aims, which are coordinated into market analysis, are incorporated into the reports.
The report also takes into account the impact of the novel COVID-19 pandemic on the UAE Energy Bar market and offers a clear assessment of the projected market fluctuations during the forecast period.
The UAE Energy Bar market is expected to reach USD 19.39 million by 2023, witnessing a healthy CAGR over the forecast period. Energy Bar consumption volume in the region surpassed 240 thousand Kg in 2017.
Increased influence of westernization, on-the-go healthy convenient packs size and growing demand for health & wellness products are various factors driving the market. Energy bar market includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Busy lifestyle demanding nutritional packaged products fueled the market demand.
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Health & Wellness Snacking on Rise
Consumers are developing western style snack trend and demanding healthier products for munching during breaks. The appetite for health-related packaged food recently started to take off in the country. The large young population is growing more health conscious influenced by international food culture. Rising obese population is another major factor accelerating the demand for healthier packaged products. 66% of men and 60% of women in the country are overweight that are looking for healthy snacking. High per capita income, import dependency for food, obese population and potential demand for healthy snacks offers the potential opportunity to manufacturers. About 50% of the population in UAE are below 30 years which prefer snacking as fun and enjoyment. The large young population who are shifting snacking consumption driving the sales. Consumers are always on the move due to growing busy lifestyle which given rise to energy bar sale.
Expanding Retail Channel Drives Impulse Purchase
Convenience stores and Supermarkets and Hypermarkets led the sale with a combined share of more than 70% in the distribution channel. Online retail recorded an impressive growth rate of 26%, during 2012-2017, in UAE. Online sales hold around less than 1% of the energy bar sales driven by increased brands availability and convenience. Various international players are entering into the energy bar market through online channel mitigating the requirement for physical stores.
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Key Developments
November 2016 - Gulf Capital invested majority stake in UAE online retail Sporter.com that distributes sports and nutrition products online. Sporter.com has a lion share in GCC online retail for nutritional supplements. The online sports and nutrition product sales in GCC accounts for 7% of the distribution market share.
The UAE Energy bar market is competitive with many foreign players occupying major share. Innovative product launch and clean label ingredients are the various strategy adopted by these players.
Major players include - QUESTNUTRITION LLC, THE GATORADE COMPANY, POWER CRUNCH, MUSCLEPHARM CORPORATION, PHD NUTRITION, amongst others.
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Key Points of the UAE Energy Bar market report
- Comprehensive evaluation of all opportunities and risks in the market.
- UAE Energy Bar market ongoing developments and significant occasions.
- Detailed study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom appreciation of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.
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Irfan Tamboli
Head of Sales Operations
Market Insights Reports
Email: sales@marketinsightsreports.com
Tel: + 1704 266 3234, +91-750-707-8687
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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