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The Middle East and Africa chocolate market size reached USD 8.42 billion in 2023. The market is expected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 13.56 billion by 2032.
The rising demand for cocoa products in various industries like confectionery and beverages has fuelled Middle East and Africa chocolate market growth. Cocoa ingredients, especially in dark chocolates, are sought after for their health benefits such as blood pressure reduction and diabetes management. In the Middle East, imported chocolates dominate the market due to reliance on major foreign brands like Barry Callebaut and Lindt. Modern retailing and a large expatriate population further drive chocolate consumption in this region.
Artisanal chocolates are gaining popularity, emphasizing cocoa bean flavours prepared by small-scale chocolatiers. Premium cocoa with sustainability certification and single-origin sourcing is particularly in demand, driven by health trends and consumer preferences for high-quality products. Countline chocolates, popular among teenagers and young adults for their convenience, are seeing increased consumption in regions like the UAE.
Dark chocolate's antioxidants, like flavonols, are linked to health benefits such as reducing inflammation and protecting against cell damage. Studies show a lower diabetes prevalence among regular dark chocolate consumers. This health-conscious trend drives consumers towards products claiming to use dark chocolate.
The chocolate market in Middle East and Africa is competitive with global and regional players. Companies are targeting young consumers with higher-priced chocolates through innovative products and expanded distribution. The cocoa and chocolate market, though growing steadily, faces challenges due to uneven supply against high demand, but consumers remain generally price-insensitive.
In developing economies of the region, the market for cocoa ingredients is growing, driven by dark chocolate's antioxidant properties and perceived health benefits. This trend extends into pharmaceuticals and cosmetics, encouraging manufacturers to consider cocoa and chocolate ingredients while playing a crucial role in the Middle East and Africa chocolate market development.
Middle East and Africa Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product Type
Market Breakup by Distribution Channel
Market Breakup by Country
Key players in the chocolate market in Middle East and Africa produce and process cocoa to manufacture and offer products to support the end users in the market.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Chocolate Historical Market (2018-2023)
8.3 Global Chocolate Market Forecast (2024-2032)
8.4 Global Chocolate Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Middle East and Africa Chocolate Market Overview
9.1 Key Industry Highlights
9.2 Middle East and Africa Chocolate Historical Market (2018-2023)
9.3 Middle East and Africa Chocolate Market Forecast (2024-2032)
10 Middle East and Africa Chocolate Market by Type
10.1 Dark Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Milk Chocolate
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 White Chocolate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Middle East and Africa Chocolate Market by Product Type
11.1 Pure Chocolate
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Compound Chocolate
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Middle East and Africa Chocolate Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Chocolate Market by Country
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 1806)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Mars, Incorporated
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Mondelēz International, Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Ferrero International S.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Nestlé S.A.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic R each and Achievements
18.2.4.4 Certifications
18.2.5 The Hershey Company
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Barry Callebaut AG
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Cocoa Processing Company Limited
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Chocoladefabriken Lindt & Sprüngli AG
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 August Storck KG
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Beyers Chocolates
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa Chocolate Market: Key Industry Highlights, 2018 and 2032
3. Middle East and Africa Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Middle East and Africa Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Middle East and Africa Chocolate Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Middle East and Africa Chocolate Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Middle East and Africa Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Middle East and Africa Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Middle East and Africa Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Middle East and Africa Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Middle East and Africa Chocolate Market Structure
The market is estimated to be valued at USD 8.42 billion in 2023.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The chocolate market is expected to reach USD 13.56 billion in 2032.
The market is categorised according to its type, which includes dark chocolate, milk chocolate, and white chocolate.
The key market players are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., The Hershey Company, Barry Callebaut AG, Cocoa Processing Company Limited, Chocoladefabriken Lindt & Sprüngli AG, August Storck KG, Beyers Chocolates, and others.
The market is driven by factors that include growing demand for vegan, gluten-free, and sugar-free chocolates, growing awareness of the health benefits of dark chocolate, and innovation in flavours and product varieties, among others.
The market is categorised according to its product type, which includes pure chocolate and compound chocolate.
The United States of America is the largest producer of chocolates in the world.
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