Qatar Candy Market (2024-2030) | Share, Outlook, Size, Revenue, Forecast, Trends, Analysis, Companies, Value, Industry & Growth

Qatar Candy Market Highlights

Report Name	Qatar Candy Market
Forecast period	2024-2030
CAGR	11.5%
Growing Sector	Retail and Tourism

Topics Covered in the Qatar Candy Market

Qatar Candy Market report thoroughly covers the market by product type and by distribution. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Qatar Candy Market Synopsis

Qatar Candy Market has been growing steadily over the years, owing to the country's expanding population, increasing affluence, and changing consumer habits. This growth is driven by factors such as the rising demand for confectionery products, especially among the younger generation, an increase in tourism, and the introduction of new flavors and packaging.

According to 6Wresearch, the Qatar Candy Market size is projected to grow at a CAGR of 11.5% during the forecast period of 2024-2030. Several factors are driving the growth of the candy market in Qatar. For instance, there is a large and diverse population with varying demographics, including a significant number of expatriates who bring unique tastes and preferences. Additionally, the increasing number of grocery stores, supermarkets, and e-commerce platforms offer consumers convenient access to a wide variety of confectionery products. The Qatar Candy Market Growth is driven by various trends that change depending on the season, holiday, and cultural events, such as Ramadan and Eid al-Fitr. There is also a growing trend towards natural and organic candies and chocolates, with more consumers seeking healthier, plant-based, and ethically-sourced products. Another significant trend is the popularity of gummy candies, such as jelly beans and sour worms, which are available in creative shapes and colors, appealing to younger consumers.

However, the candy market in Qatar also faces several challenges, including increased competition from local and regional brands and fluctuations in the prices of raw materials like sugar and cocoa. Despite the challenges, there are vast opportunities for the candy market in Qatar, particularly in the areas of innovative packaging, unique flavors, and local production. With the growing trend of ethical and sustainable products, candy manufacturers can focus on eco-friendly packaging and traceable sourcing to attract environmentally-conscious consumers. Additionally, incorporating locally-sourced ingredients and flavors, such as dates and saffron, can help position Qatari brands as authentic and distinctive.

Government policies and schemes introduced in the Qatar Candy Market

The government has implemented a 100% foreign ownership policy to attract international investors. Some of the government schemes include the Qatar Development Bank, which provides financing for small and medium-sized enterprises. They also have an online registration system that makes it easier for businesses to register, apply for licenses, and permits. Additionally, the government has set food regulations and guidelines that must comply with the candy suppliers.

Key players in the Qatar Candy Market

Some of the major players in the Qatar candy industry include international brands such as Haribo, Lindt, Nestle, and local brands like Al Nassa, Universal, and more. Haribo, a German candy company, has been in the Qatari market since 1978 and is well known for its gummies and licorice-based products.

Future insights of the Qatar Candy Market

The candy market in Qatar is estimated to grow significantly in the future, and the government's initiatives are driving this growth. The market is constantly evolving, with consumers favoring healthier options, resulting in the rise of sugar-free, organic, and gluten-free candies. New brands have entered the market with innovative products that cater to this new demand. Additionally, the e-commerce sector has made it easier for consumers to buy candy online, and this trend is expected to grow exponentially in the future.

Market by Product Type

According to Shivam, Senior Research Analyst, 6Wresearch, the chocolate candy segment dominates the Qatar Candy Market Share compared to non-chocolate candy.

Market by Distribution

By Distribution, Supermarkets and hypermarkets hold the highest market share for candy distribution, as they offer a vast array of candy products to choose from. Convenience stores and specialist retailers rank second as they cater more to impulse purchases. Online retail and others have a more minor market share as people in Qatar prefer shopping for candy in person.

Key Highlights of the Report:

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.