Market Size of Middle-East & Africa Cereal Bar Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Cereal Bar Market Analysis
The Middle-East & Africa Cereal Bar Market is projected to register a CAGR of 6.5% during the forecast period 2020-2025.
- Increased influence of westernization, on-the-go healthy breakfast demand, and expanding retail distribution channels are some of the factors driving the market. Busy lifestyles demanding nutritional packaged products fueled the market demand.
- The increased obese population in the region, mainly in the Middle East, are demanding healthy cereal alternatives to bakery products, such as biscuits and other snacks. Indulgence remains the key trend in confectionery sales, which drive the cereal bar market.