Energy bars inflation in the UAE stood at 0.080% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2023, GlobalData monitored the pricing of 38 energy bars SKUs from companies such as Grenade Carb Killa, Freakin’ Healthy and Alpen that were sold by e-retailers. Buy the report here.
Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Choithrams offered the lowest prices of the total SKUs within the energy bars category from April through June 2023, followed by Organic And Real and Supermart. According to the analysis, the price range of $5 and below was the most competitive, with 30 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Choithrams had the greatest share of lowest prices for individual SKUs in energy bars in the UAE in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for energy bars category by the retailers tracked by GlobalData. Among variants, the tracker revealed coconut; butter bites and strawberry & yogurt; bar as the most popular (by number of SKUs) energy bars variants. These were priced 131.76% higher than the average price of a energy bars SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Choithrams, Organic And Real, Supermart, and . According to the analysis, Supermart had the lowest average unit price, while the retailer with the widest product assortment was Choithrams.
The report brings attention to the intricate pricing dynamics within the energy bars market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Choithrams, Organic And Real and Supermart stood out as prominent e-retailers, providing competitive pricing for a substantial number of energy bars SKUs. However, to comprehensively grasp the energy bars market in the UAE, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the the UAE's energy bars market, buy the report here.