GCC Snacks Market – A story of rapid Development

The GCC Snacks Market size was valued at around USD 6.74 billion in 2023 and is estimated to grow at a CAGR of about 4.9% during the forecast period, i.e., 2024-30. The market growth is attributed to various factors, including the expansion of the economy with an increasing population, a busy lifestyle, demand for value-added snacks, and the implementation of several governmental strategies. The GCC countries' intensifying efforts to increase the contribution of the non-oil sector to the economy by investing in other sectors, such as tourism. Nations in this region actively spend on the tourism sector by constructing new hotels, resorts, etc., and implementing tourism strategies to attract foreign tourists.