Snack Products Market - Qatar and GCC Industry
Analysis, Trend, Size, Share and Forecast 2016 – 2024
83 Page Report
Busy Lifestyles in Qatar and GCC Countries to Fuel Consumption
of Snack Products
Transparency Market Research
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Snack Products Market
The snack product market for Qatar and other countries in the GCC union features a highly fragmented
competitive landscape, with the top five companies collectively charting a nearly 50% of the overall
market in 2015, observes Transparency Market Research in a recent report. The company Saudi Snack
Foods Co. acquired over a quarter of the entire market in 2015 but none of the other top companies
managed to gain a sizeable share in the market’s overall valuation.
Low entry barriers in the market have resulted in the presence of a large number of competitors that are
vying for attention from potential consumers and adopting novel strategies to convert them to customers.
In the highly competitive market, some of the most popular growth strategies include expansion of product
portfolio, ensuring excellent product quality, and product innovations aimed at meeting the rapidly
changing demands of consumers.
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Potato Specialty Products Emerge as Most Preferred Snack Variety
Transparency Market Research observes that similar to most competitive and saturated markets, the
market for Qatar and GCC snack products exhibits strong demand for a variety of products in the snacks
category. The market is estimated to exhibit a nearly 9.6% CAGR in terms of revenue from 2016 and 2024.
Expanding at this pace,...