Global “Saudi Arabia Snack Bar Market” (2021-2024) report identifies Sales of Market by regional analysis by product type and product applications from 2019. Saudi Arabia Snack Bar Market research report gives analysis on products sales, price, margin, growth (regionally volume). Market research report gives analysis on Historical and Current scenario on Saudi Arabia Snack Bar Market. Research provides potential market opportunities and strong industry focus on Saudi Arabia Snack Bar market forecast from 2019 till 2024. Research report provides CAGR value in percent during 2021 to 2024.
“Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry.”
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The Saudi Arab snack bar market is expected to reach USD 52.82 million by 2023 witnessing a healthy CAGR during the forecast period 2018-2023. Cereal and granola bar accounts for more than 65% of the Saudi Arab snack bar market. The increased consumption of sweet baked goods, sizeable young population and changing lifestyle demanding health & wellness products are the primary drivers for the market.
Saudi Demands for Sweet Snacks
Snack consumption pattern in Saudi Arabia is different from other Middle East countries, where consumer prefers sweet baked and cereal products on multiple occasion. The snack bar is considered as a high-end premium baked products, which have less popularity among average Saudi consumer due to high price. The economic slowdown in the country has affected the cereal bar market growth. Packaged food sale recorded a slower growth rate owing to rising prices. Increased health awareness among the young population as a result of western influence, knows the benefits of healthy snacking, triggering the snack bar demand. Consumer tastes for sweet bakery products are the primary factor driving the cereal/granola bar market. High fiber, low-sugar, gluten-free, and mix of grains in the snack bar are in high demand. Increased snacking habits among Saudi consumer, offer potential snack bar market opportunity for manufacturers to innovate products. Companies introducing healthier products in the comparable price range of baked good and confectionery attracts consumers. Health & wellness products account for 18% of the Saudi packaged food sales, which grew 3% from 2011.
Online Retail Driving Market
Convenience stores and supermarkets are the largest distribution channel for snack bar retail sale, which is expected to dominate during the forecast period. Online sales recorded a 12.2% CAGR over the past five years. Changing lifestyle in Saudi Arabia has driven the sales of the modern retail channel, such as supermarkets/hypermarkets and online stores. Multiple brand product availability at discount prices offer an opportunity for companies to expand sales. Online retail, such as Souq.com, evitamins.com, mezmiz.com offer discounts, and convenience, supported market growth. The hypermarket is the most popular place for snack bar shopping for consumers owing to heavy discount offers on bulk purchase.
New product launch is the major strategy adopted by players followed by new packaging introduction. About 192 new snack products launched during 2012-2017, and 98 new varieties or product range extended over the period. Companies are focusing on health & wellness products, such as high protein energy bar with reduced calories for the targeted young population. European and American company’s brands, such as cliff bar, quest Nutrition, Nature’s Plus holds a dominant position in the market.
Major Players – THE KELLOGG COMPANY, GENERAL MILLS, INC.., POWERBAR, INC.., CLIFF BAR & COMPANY amongst others.
Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country-level analysis integrating the demand and supply forces that are influencing the growth of the market
Market value (USD Million) and volume (Kg Million) data for each segment and sub-segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
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List of TOP KEY PLAYERS in Saudi Arabia Snack Bar Market Report are –
- General Mills, Inc., Great Atlantic & Pacific Tea Co Inc, Mass Food Co., Sunny Crunch Foods Ltd, QuestNutrition LLC, The Kellogg Company, Clif Bar & Company, PowerBar, Inc., BioNutritional Research Group, Inc, Rise Bar, Nutrition, Inc. (Pureprotein), MY SHANTI BAR
Global Saudi Arabia Snack Bar Market Segmentation by Types, By Applications and by Region:
Global Saudi Arabia Snack Bar market is analyses and market size information is provided by regions (countries). Segment by Application, the Saudi Arabia Snack Bar market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2019-2024. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2019-2024.
Saudi Arabia Snack Bar Market Segment by Region:
- United States
- Southeast Asia
- Rest of World
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Reasons to Purchase this Report:
- To know how the need for rapid data processing is expected to affect the growth of the global Saudi Arabia Snack Bar
- To analyze various perspectives of the market with the help of Porters five forces analysis
- To know how SME’s are dominating the market.
- To know about the regions that are expected to witness the fastest growth during the forecast period.
- To identify the latest developments, market shares, and strategies employed by major market players.
- Three months analyst support, along with the Market Estimate Sheet (in excel).
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COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
Major Points from Table of Contents:
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Market
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Market Trends
3.2 Market Dynamics
22.214.171.124 Increased Consumption of Sweet Baked Goods
126.96.36.199 Expanding Modern Retail Channel
188.8.131.52 Chanhing Lifestyle and Demand for Health & Wellness Products
184.108.40.206 Economic Slowdown Affecting Purchasing Behaviour
220.127.116.11 Increased Competition from Bakery Products
18.104.22.168 Growing Demand for Clean Label Products
3.2.4 Porter’s Five Forces Analysis
22.214.171.124 Bargaining Power of Suppliers
126.96.36.199 Bargaining Power of Buyers
188.8.131.52 Threat of New Entrants
184.108.40.206 Threat of Substitute Products and Services
220.127.116.11 Degree of Competition
4. Market Segmentation
4.1 By Product Type
4.1.1 Cereal Bar
18.104.22.168 Granola/Muesli Bars
22.214.171.124 Other Cereal Bars
4.1.2 Energy Bar
4.1.3 Other Snack Bar
4.2 By Distribution Channel
4.2.1 Convenience Stores
4.2.2 Specialist Retailers
4.2.3 Supermarkets and Hypermarkets
4.2.4 Online Retail
4.2.5 Warehouse Clubs
4.2.6 Other Distribution Channels
5. Competitive Landscape
5.1 Market Share Analysis
5.2 Strategy Adopted by Key Players
5.3 Most Active Companies in the Past Five Years
6. List of Company Profiles
6.2 Products & Services
6.4 Key Developments
6.5 Strategies Adopted
6.6 SWOT Analysis of Major Five Players
7. Companies Covered
7.1 General Mills, Inc.
7.2 Great Atlantic & Pacific Tea Co Inc
7.3 Mass Food Co.
7.4 Sunny Crunch Foods Ltd
7.5 QuestNutrition LLC
7.6 The Kellogg Company
7.7 Clif Bar & Company
7.8 PowerBar, Inc.
7.9 BioNutritional Research Group, Inc
7.10 Rise Bar
7.11 Nutrition, Inc. (Pureprotein)
7.12 MY SHANTI BAR
LIST OF TABLES
1: Snack Bar Market Revenue, By Distribution Channel, Saudi Arabia, 2015-2023
2: Snack Bar Market: Revenue in USD million, by Product Type , Saudi Arabia, 2015-2023
3: Snack Bar Market: Revenue in USD million, by Cereal Bar , Saudi Arabia, 2015-2023
4: Snack Bar Market: Revenue in USD million, by Granola/Muesli Bars , Saudi Arabia, 2015-2023
5: Snack Bar Market: Revenue in USD million, by Other Cereal Bars , Saudi Arabia, 2015-2023
6: Snack Bar Market: Revenue in USD million, by Energy Bars , Saudi Arabia, 2015-2023
7: Snack Bar Market: Revenue in USD million, by Other Snack Bars , Saudi Arabia, 2015-2023
8: Snack Bar Market: Volume in million Kg, by Product Type, Saudi Arabia, 2015-2023
9: Snack Bar Market: Volume in million Kg, by Cereal Bar, Saudi Arabia, 2015-2023
10: Snack Bar Market: Volume in million Kg, by Granola/Muesli Bars, Saudi Arabia, 2015-2023
11: Snack Bar Market: Volume in million Kg, by Other Cereal Bars, Saudi Arabia,2015-2023
12: Snack Bar Market: Volume in million Kg, by Energy Bars, Saudi Arabia,2015-2023
13: Snack Bar Market: Volume in million Kg, by Other Snack Bars, Saudi Arabia, 2015-2023
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