PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1606905
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1606905
Middle East and Africa Chocolate Market, By Product; By Distribution Channel; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Middle East and Africa Chocolate Market Size to Touch Value of USD 12 Billion by 2030
Middle East and Africa Chocolate Market is flourishing because of a rising demand for premium and high-quality chocolates and growing popularity of dark chocolate for its health benefits.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa Chocolate Market size at USD 8.4 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Middle East and Africa Chocolate Market size to expand at a CAGR of 5.5% reaching a value of USD 12 billion by 2030. Major growth factors for Middle East and Africa Chocolate Market include growing popularity of confectionary snack varieties and increasing understanding of the health advantages of moderate chocolate consumption. A significant contributing element to the region's strong demand for chocolate, especially in the Middle Eastern nations, is the thriving tourism industry, which makes chocolate a popular souvenir for visitors. As a result, businesses place a lot of emphasis on offering a wide range of high-quality chocolates in attractive packaging. It is projected to propel the expansion of Middle East and Africa Chocolate Market during the period in analysis.
Opportunity - Growing Influence of Social Media
The growing influence of social media on purchasing decisions of consumers is emerging as one of the major drivers for Middle East and Africa Chocolate Market. For instance, FIX recently emerged as a global sensation with its Dessert Chocolatier through a TikTok video posted by a food influencer. The social media platforms, such as Instagram and TikTok, support consumer exposure to new chocolate products and brands that satisfy their demands to try new products. Therefore, chocolate companies invest heavily in social media campaigns and public relations. It, in turn, is expected to propel the growth of Middle East and Africa Chocolate Market growth over the forecast period.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Chocolate Market
Intensifying geopolitical tensions pose significant challenges for the growth of Middle East and Africa Chocolate Market. The MEA region's chocolate production is dependent on imported cocoa, mostly from Ghana and Cote d'Ivoire in West Africa. Geopolitical issues, such civil disturbance, however, cause supply chain disruptions and can result in higher transportation costs, a shortage of raw materials, and higher expenses. Moreover, regional conflicts across the Middle East slow down the economy and may burden nations as a result of the refugee crisis. Consumer expenditure on non-essential items like chocolate frequently declines as a result of economic uncertainties. Luxury goods like premium chocolates may suffer a drop in demand in nations already dealing with high unemployment, inflation, and economic hardship.
Supermarkets & Hypermarkets Grow at Fastest CAGR
The supermarkets & hypermarkets segment accounts for the largest share of Middle East and Africa Chocolate Market by distribution channel. These offline retail channels provide real-time accessibility and a large selection of products from various brands. The online segment is expected to grow at the fastest rate over the forecast period due to factors like deepening smartphone penetration, internet accessibility, and the availability of various chocolate products through online grocery stores and platforms.
Egypt Leads Middle East and Africa Chocolate Market
Egypt dominates Middle East and Africa Chocolate Market. The high disposable income, expanding middle-class population, and rising demand for quality chocolate significantly affect the Chocolate Market growth in the country. Following Egypt, South Africa also holds a large market share. The high consumption of both mass and luxury chocolate goods, as well as the growth of contemporary retail channels like online platforms, are the main drivers of South Africa Chocolate Market.
Competitive Landscape
Major companies in Middle East and Africa Chocolate Market include Nestle S.A., Mondelez International Inc., Tiger Brands Limited, Chocoladefabriken Lindt & Sprungli AG, Mars Incorporated, Al Nassma Chocolate LLC, Cacao Sampaka, Mirzam Al Quoz, Kees Beyers Chocolate CC, and Barry Callebaut.
These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Middle East and Africa Chocolate Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Chocolate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Chocolate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand for Premium and High-Quality Chocolate
- 3.2.1.2. Growing Popularity of Dark Chocolate for Health Benefits
- 3.2.1.3. Innovation in Flavors and Product Varieties
- 3.2.2. Restraints
- 3.2.2.1. Health Concerns due to Overconsumption
- 3.2.2.2. Price Volatility of Cocoa
- 3.2.3. Opportunities
- 3.2.3.1. Expansion of the Chocolate Industry in Emerging Markets
- 3.2.3.2. Rising Consumer Preference for Organic and Sustainable Chocolate
- 3.2.4. Challenges
- 3.2.4.1. Ethical and Sustainability Concerns
- 3.2.4.2. Economic Downturns
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Chocolate Market: Marketing Strategies
5. Middle East and Africa Chocolate Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.1.1. Traditional
- 5.2.1.1.1. Dark
- 5.2.1.1.2. Milk
- 5.2.1.1.3. White
- 5.2.1.2. Artificial
- 5.2.2. By Distribution Channel
- 5.2.2.1. Supermarkets & Hypermarkets
- 5.2.2.2. Convenience Stores
- 5.2.2.3. Online
- 5.2.3. By Country
- 5.2.3.1. Saudi Arabia
- 5.2.3.2. UAE
- 5.2.3.3. Qatar
- 5.2.3.4. Kuwait
- 5.2.3.5. South Africa
- 5.2.3.6. Nigeria
- 5.2.3.7. Algeria
- 5.2.3.8. Rest of MEA
- 5.2.1. By Product
6. Saudi Arabia Chocolate Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Distribution Channel
7. UAE Chocolate Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Distribution Channel
8. Qatar Chocolate Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Distribution Channel
9. Kuwait Chocolate Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Distribution Channel
10. South Africa Chocolate Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Distribution Channel
11. Nigeria Chocolate Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product
- 11.2.2. By Distribution Channel
12. Algeria Chocolate Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product
- 12.2.2. By Distribution Channel
13. Rest of MEA Chocolate Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Product
- 13.2.2. By Distribution Channel
14. Competitive Landscape
- 14.1. List of Key Players and Their Offerings
- 14.2. Middle East and Africa Chocolate Company Market Share Analysis, 2023
- 14.3. Competitive Benchmarking, By Operating Parameters
- 14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Chocolate Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 16.1. Nestle S.A.
- 16.2. Mondelez International Inc.
- 16.3. Tiger Brands Limited
- 16.4. Chocoladefabriken Lindt & Sprungli AG
- 16.5. Mars Incorporated
- 16.6. Al Nassma Chocolate LLC
- 16.7. Cocoa Sampaka
- 16.8. Mirzam Al Quoz
- 16.9. Kees Beyers Chocolate CC
- 16.10. Barry Callebaut
- 16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
- 18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
- 18.2. Quantitative Research
- 18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
- 18.4. Breakdown of Primary Research Respondents, By Region
- 18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East and Africa Chocolate Segmentation
- Figure 2 Middle East and Africa Chocolate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Middle East and Africa Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Middle East and Africa Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 6 Middle East and Africa Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 7 Middle East and Africa Chocolate Market Share, By Country, By Value, 2019-2030
- Figure 8 Saudi Arabia Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 9 Saudi Arabia Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 10 Saudi Arabia Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 11 UAE Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 12 UAE Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 13 UAE Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 14 Qatar Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 15 Qatar Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 16 Qatar Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 17 Kuwait Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 18 Kuwait Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 19 Kuwait Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 20 South Africa Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 21 South Africa Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 22 South Africa Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 23 Nigeria Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 24 Nigeria Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 25 Nigeria Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 26 Algeria Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 27 Algeria Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 28 Algeria Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
- Figure 29 Rest of MEA Chocolate Market Size, By Value (USD Billion), 2019-2030
- Figure 30 Rest of MEA Chocolate Market Share, By Product , By Value, 2019-2030
- Figure 31 Rest of MEA Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
List of Tables
- Table 1 Middle East and Africa Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 2 Middle East and Africa Chocolate Market Size, By Product , By Value, 2019-2030
- Table 3 Middle East and Africa Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 4 Middle East and Africa Chocolate Market Size, By Country, By Value, 2019-2030
- Table 5 Saudi Arabia Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 6 Saudi Arabia Chocolate Market Size, By Product , By Value, 2019-2030
- Table 7 Saudi Arabia Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 8 UAE Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 9 UAE Chocolate Market Size, By Product , By Value, 2019-2030
- Table 10 UAE Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 11 Qatar Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 12 Qatar Chocolate Market Size, By Product , By Value, 2019-2030
- Table 13 Qatar Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 14 Kuwait Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 15 Kuwait Chocolate Market Size, By Product , By Value, 2019-2030
- Table 16 Kuwait Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 17 South Africa Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 18 South Africa Chocolate Market Size, By Product , By Value, 2019-2030
- Table 19 South Africa Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 20 Nigeria Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 21 Nigeria Chocolate Market Size, By Product , By Value, 2019-2030
- Table 22 Nigeria Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 23 Algeria Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 24 Algeria Chocolate Market Size, By Product , By Value, 2019-2030
- Table 25 Algeria Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 26 Rest of MEA Chocolate Market Size, By Value (USD Billion), 2019-2030
- Table 27 Rest of MEA Chocolate Market Size, By Product , By Value, 2019-2030
- Table 28 Rest of MEA Chocolate Market Size, By Distribution Channel, By Value, 2019-2030
- Table 29 Nestle S.A. Company Overview
- Table 30 Nestle S.A. Financial Overview
- Table 31 Mondelez International Inc. Company Overview
- Table 32 Mondelez International Inc. Financial Overview
- Table 33 Tiger Brands Limited Company Overview
- Table 34 Tiger Brands Limited Financial Overview
- Table 35 Chocoladefabriken Lindt & Sprungli AG Company Overview
- Table 36 Chocoladefabriken Lindt & Sprungli AG Financial Overview
- Table 37 Mars Incorporated Company Overview
- Table 38 Mars Incorporated Financial Overview
- Table 39 Al Nassma Chocolate LLC Company Overview
- Table 40 Al Nassma Chocolate LLC Financial Overview
- Table 41 Cocoa Sampaka Company Overview
- Table 42 Cocoa Sampaka Financial Overview
- Table 43 Mirzam Al Quoz Company Overview
- Table 44 Mirzam Al Quoz Financial Overview
- Table 45 Kees Beyers Chocolate CC Company Overview
- Table 46 Kees Beyers Chocolate CC Financial Overview
- Table 47 Barry Callebaut Company Overview
- Table 48 Barry Callebaut Financial Overview
