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29 OCTOBER - 31 OCTOBER 2019    Dubai World Trade Centre                 عربي

Confectionery, Sweets & Snacks at yummex Middle East

Snacks

  • Global Snacks industry to reach value of USD 590 billion by year 2023
  • The global snacks industry is growing at the rate of 5% CAGR which is the same growth rate in the MEA region.

Market trends - yummex

yummex

Market trends - yummex
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Snacks Market Drivers

  • Premiumisation is paramount across all regions, primarily impacting snacks.
  • Healthy indulgence (small formats, reformulation through functional ingredients)
  • New forms of ethics (a company giving up third party ethical certification and coming up with its own label)
  • Hybrid flavours (caramel sutra, brownie batter, rocky road)

On-The-Go snacking steams ahead

CheeseDemand for on-the-go dairy solutions will continue to increase due to consumers having less time to prepare food

SnacksIn developed markets alternative products are increasingly replacing bread, as they are easier to consume on-the-go, and appeal more to single-person households

Source:

Euromonitor

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