Consumers, Research, Studies/Reports, Trends

Potato specialty snack products to retain dominance in Qatar and GCC countries

The market for snack products in Qatar and other GCC countries features a vast set of growth opportunities as busy lifestyles of the urban populace compel consumers to look for ready to eat food varieties on a large scale. Trends such as rising numbers of nuclear families and an increasing contribution of women in the region’s workforce are also driving the market for snack products in the region. Transparency Market Research estimates that the market will witness expansion at a remarkable pace in the next few years, rising at a 9.6% CAGR in terms of revenue and a 9% CAGR in terms of volume over the period between 2016 and 2024. In the report, the Qatar and GCC snack products market is segmented on the basis of product variety into potato specialty products, ready to eat products, nachos, and pellet fries. Of these, the segment of potato specialty products dominated the market, occupying a 46.5% share in the Qatar market and nearly 60% share in the rest of GCC market in 2015. Among the different varieties of potato specialty products available in the market, the segment of potato chips leads in terms of both revenue and volume. More

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