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Saudi Arabia Snack Bar Market Size, Share, Growth, Forecast: By Product Type: Cereal Bars, Energy Bars, Others; By Ingredient: Dried Fruits, Nuts, Whole Grains, Others; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Channels, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Saudi Arabia Snack Bar Market Outlook
The Saudi Arabia snack bar market size reached approximately USD 56.20 million in 2023. The market is estimated to grow at a CAGR of 6.7% in the forecast period of 2024-2032, reaching a value of around USD 101.30 million by 2032.
Key Trends in the Market
Snack bars refer to ready-to-eat packaged food items that are composed of fruits, nuts, and whole grains, among other ingredients. Some of the common types of snack bars include energy bars, protein bars, and granola bars, among others.
- The burgeoning popularity of functional snack bars that are enriched with ingredients such as adaptogen, probiotics, prebiotics, superfoods, and yoghurt, among others, is one of the prominent Saudi Arabia snack bar market trends. These nutrient-dense snacks offer multiple nutritional benefits and enhance the overall health of an individual.
- Vegan or plant-based snack bars which are infused with ingredients such as plant-based protein, nuts, and seeds, are also gaining prominence among vegetarian and vegan consumers in the country.
- Growing demand for halal-certified snack bars, which adhere to the cultural and religious food standards of Saudi Arabia, is another crucial trend aiding the market expansion.
- With the rising trend of clean labelling, several market players are offering transparency on their snack bar ingredients and formulating them without any artificial preservatives, which further provides impetus to the Saudi Arabia snack bar market growth.
Market Analysis
Based on product type, the market is divided into cereal bars, and energy bars, among others. The Saudi Arabia snack bar market segmentation, on the basis of ingredient, includes dried fruits, nuts, and whole grains, among others. Based on distribution channel, the market is classified into supermarkets/hypermarkets, convenience stores, and online channels, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia snack bar market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Kellanova
- Mondelez International Inn.
- Premier Nutrition Corporation
- Nestle S.A.
- Natureland
- Natural Balance Foods Ltd,
- Body & Fit Sportsnutrition B.V.
- HNC Healthy Nutrition Company Ltd.
- WorldPantry.com LLC (QuestNutrition)
- Others
Market Share by Product Type
Cereal bars occupy a significant portion of the Saudi Arabia snack bar market share, due to the presence of ingredients such as whole grains, fruits, and nuts, among others, that offer a plethora of health benefits. Growing preference for cereal bars over chocolate bars among health-conscious consumers also fuels the segment growth.
Meanwhile, energy bars are expected to gain sizeable growth in the foreseeable future, due to their high popularity among sports and fitness enthusiasts, who want a quick dose of energy.
Market Share by Distribution Channel
As per the Saudi Arabia snack bar market analysis, supermarkets/hypermarkets offer enhanced accessibility to a diverse range of snack bars. The provision of in-store discounts and coupons in supermarkets also provides lucrative market growth opportunities.
Subsequently, online channels are expected to gain sizeable growth in the forecast period, as they offer accessibility to multiple brands as well as provide the convenience of buying from the comfort of one’s home.
Competitive Landscape
Kellanova, founded in 1906, is a multinational food company, headquartered in Chicago, the United States. Some of its major brands include Austin, Kellogg’s, Pop Tarts, Pringles, and Zesta, among others.
Mondelez International Inn. is a global confectionery, food, and snacks corporation, established in 1923 and based in Chicago, the United States. The company is known as one of the leading sellers of cookies and chocolate across the world.
Premier Nutrition Corporation is a provider of nutritional products, with its headquarters in California, the United States. The company offers protein-rich snack bars, powders, protein shakes, and cereal, among other products.
Other Saudi Arabia snack bar market players include Nestle S.A., Natureland, Natural Balance Foods Ltd, Body & Fit Sportsnutrition B.V., HNC Healthy Nutrition Company Ltd., and WorldPantry.com LLC (QuestNutrition), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Ingredient |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Snack Bar Market Overview
8.1 Key Industry Highlights
8.2 Middle East and Africa Snack Bar Historical Market (2018-2023)
8.3 Middle East and Africa Snack Bar Market Forecast (2024-2032)
8.4 Middle East and Africa Snack Bar Market Share by Country
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.3 Nigeria
8.4.4 South Africa
8.4.5 Others
9 Saudi Arabia Snack Bar Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Snack Bar Historical Market (2018-2023)
9.3 Saudi Arabia Snack Bar Market Forecast (2024-2032)
10 Saudi Arabia Snack Bar Market by Product Type
10.1 Cereal Bars
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Energy Bars
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Saudi Arabia Snack Bar Market by Ingredient
11.1 Dried Fruits
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Nuts
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Whole Grains
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Saudi Arabia Snack Bar Market by Distribution Channel
12.1 Supermarkets/Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Channels
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Kellanova
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Mondelez International Inn.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Premier Nutrition Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nestle S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Natureland
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Natural Balance Foods Ltd,
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Body & Fit Sportsnutrition B.V.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 HNC Healthy Nutrition Company Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 WorldPantry.com LLC (QuestNutrition)
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East and Africa Snack Bar Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Snack Bar Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Snack Bar Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Saudi Arabia Snack Bar Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Saudi Arabia Snack Bar Historical Market: Breakup by Ingredient (USD Million), 2018-2023
6. Saudi Arabia Snack Bar Market Forecast: Breakup by Ingredient (USD Million), 2024-2032
7. Saudi Arabia Snack Bar Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Saudi Arabia Snack Bar Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Saudi Arabia Snack Bar Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 56.20 million.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 101.30 million by 2032.
The major market drivers are growing health consciousness among consumers, the rising popularity of go-to snacks, and the growth of the e-commerce sector.
The key trends of the market include the burgeoning popularity of functional snack bars, the rising preference for vegan or plant-based snack bars, the growing demand for halal-certified snack bars, and the rising trend of clean labelling.
Different product types are cereal bars, and energy bars, among others.
Various ingredients are dried fruits, nuts, and whole grains, among others.
The key players in the market are Kellanova, Mondelez International Inn., Premier Nutrition Corporation, Nestle S.A., Natureland, Natural Balance Foods Ltd, Body & Fit Sportsnutrition B.V., HNC Healthy Nutrition Company Ltd., and WorldPantry.com LLC (QuestNutrition), among others.
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