The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Kuwait Snacks Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Kuwait Snacks Industry (2024-2030):
According to the latest report, The Kuwait Snacks Market is estimated to grow at a CAGR of around 5.29% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Kuwait Snacks industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2024-30
· CAGR (2024-2030): 5.29%
What are the major Driver the Kuwait Snacks industry?
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.
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Kuwait Snacks Market Segmentation
The Kuwait Snacks Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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)
- 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
As per the regional aspect, the Kuwait Snacks Market is expected to be dominated by Kuwait by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/kuwait-snacks-market.html
Top Companies in the Kuwait Snacks Market
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
Recent Developments by Leading Companies
2022: Nestle company launched new confectionery products in the form of chocolate buttons, including KitKat Bites and KitKat Aero Melts.
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