Middle East Biscuit Market Revenue to Record 3% CAGR to 2023, Projects 6Wresearch in Its Topical Study Available at MarketPublishers.com
26 Oct 2017 • by Natalie Aster
LONDON – The biscuit market in the Middle East region is poised to observe steady growth through to 2023. Mega events like UAE World Expo 2020 and Qatar FIFA World Cup 2022 are projected to fuel the biscuit market growth in the projected period with arrival of large tourist volumes to the region.
The Middle East region’s biscuit market is anticipated to grow at a 3% CAGR by revenue through to 2023. The market is anticipated to record modest growth in the years to come due to the continued rise of the retail sector and expanding young consumers base in the region. Additionally, NPD in sweet and crackers & savoury categories are set to give a boost to the market in the forthcoming years.
Contemporary lifestyle has changed people’s shopping style. Super and/or hyper markets are the major distribution channels for biscuits in nations such as the UAE, Saudi Arabia and Kuwait. Meantime, convenience stores keep on taking the leadership position among all available distribution channels in Lebanon and Jordan.
IFFCO, Mondelez, United Biscuits, Britannia, Ulker, NBCC, Loacker, and United Food Industries Corporation Ltd. (Deemah), among others, are the top participants of the Middle East region’s biscuit marketplace.
Topical research study “Middle East Biscuit Market (2017-2023)” drawn up by 6Wresearch offers an insightful analysis of the market on a regional scale, breaking down the sector by categories, distribution channels and packaging, and country-wise.
The study presents detailed market revenue figures for the entire market and for each of the 6 countries as well as for the main segments, for the period 2014-2016, in tandem with presenting granular forecasts through to 2023. The research report gives an all-encompassing, unprejudiced assessment of the actual trends, key developments and game-changing opportunities, and points out the areas with high growth potential. The report sheds light on the major market growth driving factors and restraining forces. Furthermore, the publication canvasses the overall competitive scene in the industry and evaluates the dominant players’ market shares. The report includes granular company profiles of the 11 leading players.
A complete collection of the publisher’s research reports is available at 6Wresearch page at MarketPublishers.com.