GCC Extruded Snack Food Market

GCC Extruded Snack Food Market Overview:

The GCC extruded snack food market was worth US$ XX Billion in 2023, expanding at a CAGR of X% during 2018-2023. The market is projected to register a CAGR of X% during 2024-2029, reaching US$ XX Billion by 2029. Extrusion cooking is the method largely used for the production of snacks from cereal flour or starches. These snacks are high in calories and fat with low protein and fiber content. It is a high temperature short time (HTST) cooking process that produces healthy snacks, such as breakfast cereals, fish paste, jellybeans, onion rings, corn curls, pasta, macaroni, and processed cheese. The processing involves a number of food ingredients, such as wheat, sorghum, maize, and soy, forced to flow under high pressure through several conditions of heat application, mixing, and shear. After the extrusion process, these snacks are converted and processed into semi-cooked or pre-cooked food products, which helps in the elimination of micro-organisms and toxins produced naturally. In the GCC region, at present, ready-to-eat (RTE) snack food products are witnessing a significant surge in demand due to their taste, wide availability, affordability, convenience, appearance, and texture.

The extruded snacks market in the GCC region is primarily accelerated by the increasing working populace and high consumer expenditure power. The busy lifestyles of the consumers have significantly surged the demand for ready-to-eat (RTE) snack foods, which is bolstering the market growth. This is further supported by the rapidly expanding food and beverage sector in the region. Additionally, key players are introducing healthier and gluten-free product variants, such as oats-based dishes and whole-wheat based cereal, to cater to the surging consumer health consciousness and consequently expand their product portfolio, which is creating a positive outlook for the market. Furthermore, the rising influence of western food culture and rapid urbanization are providing a considerable thrust to the market growth. Moreover, the increasing trend of snacking has considerably facilitated the demand for extruded snacks, such as chips, which is positively contributing to the market growth. Apart from this, the easy product availability in hypermarkets, online retail stores, and supermarkets, changing dietary habits, and the steadily expanding population base are driving the market growth in the GCC region.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC extruded snack food market and can also impact its future growth. Taking 2023 as the base year, the report covers historical market scenario from 2018-2023 and provides forecasts till 2029. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC extruded snack food market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC extruded snack food market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC extruded snack food market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC extruded snack food market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC extruded snack food market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC extruded snack food market industry. Furthermore, the value chain analysis of the GCC extruded snack food market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Highlights of the GCC Extruded Snack Food Market Report:

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Key Market Segments:

The GCC extruded snack food market has been analysed as followed:

Segmentation by Type:

• Potato
• Corn
• Rice
• Tapioca
• Mixed Grains
• Others

Segmentation by Distribution Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Food Stores
• Online Retail
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Report Customization:

The GCC extruded snack food market report can be customized to as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.