Middle East And Africa Chocolate Market
Middle East and Africa Chocolate Market, By Product (Traditional, Artificial); By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online); By Country (Saudi Arabia, UAE , Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: November 2024
- Report ID: BWC24888
- Available Format: PDF
- Page: 273
Report Overview
A rising demand for premium and high-quality chocolates and the growing popularity of dark chocolates are expected to boost the growth of Middle East and Africa Chocolate Market during the forecast period between 2024 and 2030.Middle East and Africa Chocolate Market - Industry Trends & Forecast Report, 2030
Middle East and Africa Chocolate Market size was estimated to be worth USD 8.4 billion in 2023. During the forecast period between 2024 and 2030, Middle East and Africa Chocolate Market size is projected to grow at a CAGR of 5.50%, reaching a value of USD 12.0 billion by 2030. Major growth factors for Middle East and Africa Chocolate Market include the rising popularity of confectionary snack types and increasing awareness of the health benefits of moderate chocolate consumption. In addition, the flourishing tourism sector is also a major driving factor for the high demand for chocolate in the region, particularly in Middle Eastern countries, as chocolate serves as an attractive souvenir for tourists. Therefore, companies significantly focus on providing large varieties of premium chocolates with attractive packaging, which is expected to drive Middle East and Africa Chocolate market growth during the forecast period in analysis.
Chocolate – Overview
Chocolate is an edible product that is produced from roasted and ground cocoa pods. Beyond being a favored food item, chocolate also boasts stress-relieving qualities, suppressing cortisol, the stress hormone. Often exchanged as gifts during festive occasions, chocolate carries symbolic significance, representing appreciation, love, and joy. Dark chocolate, recognized for its health benefits, is associated with a reduced risk of cardiovascular diseases due to its good fats and flavonoids.
Middle East and Africa Chocolate Market
Growth Drivers
Health Benefits associated with Chocolate
Growing awareness about the health benefits of moderate consumption of chocolate significantly drives its demand in the Middle East and African region. Chocolate consumption can offer various health benefits, improving brain function and balancing the immune system. Furthermore, health experts also suggest that chocolate consumption also increases serotonin release, which is also called happy hormones and works as an antidepressant for the brain. The market has witnessed a significant spike in the demand for dark chocolates as their consumption is linked with a lower risk of heart disease.
Challenges
High Content of Harmful Metals
Although moderate consumption of chocolate is considered healthy, the high cadmium and lead levels may pose serious ill-effects on human health. The presence of cadmium in chocolate may cause serious damage to the liver, kidney and bones, as well as impair neurobehavioral development. Furthermore, chocolates also contain lead, which can cause lead poisoning, whose symptoms include constipation, high blood pressure, vomiting, and headache. Lead exposure through chocolates can also cause kidney damage and cardiovascular issues. Therefore, experts suggest low or moderate chocolate consumption, which may limit the growth of Middle East and Africa Chocolate Market growth.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Chocolate Market
Intensifying geopolitical tensions among Middle Eastern countries and further spreading across the major regions could adversely affect the growth of Middle East and Africa Chocolate Market. The chocolate production in the MEA region relies on cocoa imports from West Africa, particularly Ghana and Côte d'Ivoire. However, geopolitical tensions, such as civil unrest, disrupt the supply chain and may lead to increased transportation costs, a limited supply of raw materials, and increased costs. Furthermore, geopolitical tensions across the nations in Middle East and Africa, such as Palestine, Lebanon, and Egypt, cause economic slowdown and may put a burden on countries due to the influx of refugees. Economic instability often leads to reduced consumer spending on non-essential goods like chocolate. For countries already struggling with high inflation, unemployment, and economic hardship, luxury items like premium chocolates may see a decline in demand.
Middle East and Africa Chocolate Market
Segmental Coverage
Middle East and Africa Chocolate Market – By Product
Based on product, Middle East and Africa Chocolate Market is segmented into traditional and artificial. The traditional chocolate segment is further classified into dark, milk, and white. Milk chocolate holds the record of the highest market consumption in the Middle East and Africa region. The sweeter taste and creamier texture of milk chocolate and its easy accessibility attract consumers and drive its market demand. Milk chocolate also offers various health benefits, such as its antioxidant content, which may help with heart health. It also provides a quick boost of energy because of its carbohydrate content.
Middle East and Africa Chocolate Market – By Distribution Channel
By distribution channel, Middle East and Africa Chocolate Market is segmented into supermarkets & hypermarkets, convenience stores, and online. The supermarkets & hypermarkets segment accounts for the largest market share of Middle East and Africa Chocolate Market by distribution channel. The offline retail channels offer a wide range of products from different brands and real-time accessibility as well. However, the online segment is projected to register the fastest CAGR over the forecast period. Deepening smartphone penetration, growing internet accessibility, and rising availability of different chocolate products through online grocery stores and platforms contribute to the growth of online sales channels.
Middle East and Africa Chocolate Market – By Country
The in-depth research report on Middle East and Africa Chocolate Market covers the region’s major countries, including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and the rest of MEA. Egypt dominates Middle East and Africa Chocolate Market. The high disposable income, increasing middle-class population, and rising demand for premium chocolate directly influence the Chocolate Market growth in the country. Following Egypt, South Africa also covers a substantial market share. The expansion of the Chocolate Market in South Africa is mainly attributed to the high consumption of both mass and premium chocolate products and the rise of modern retail channels, such as online platforms.
Competitive Landscape
Middle East and Africa Chocolate Market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Nestlé S.A., Mondelez International Inc., Tiger Brands Limited, Chocoladefabriken Lindt & Sprüngli AG, Mars Incorporated, Al Nassma Chocolate LLC, Cacao Sampaka, Mirzam Al Quoz, Kees Beyers Chocolate CC, and Barry Callebaut. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In November 2024 - Careem, a UAE-based super app, launched a new kanuka chocolate bar in Dubai and Abu Dhabi. The kanuka chocolate bar will be exclusively available through Careem Groceries.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period– 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA |
Product/ Service Segmentation |
Product, Distribution Channel, Country |
Key Players |
Nestlé S.A., Mondelez International Inc., Tiger Brands Limited, Chocoladefabriken Lindt & Sprüngli AG, Mars Incorporated, Al Nassma Chocolate LLC, Cocoa Sampaka, Mirzam Al Quoz, Kees Beyers Chocolate CC, Barry Callebaut |
By Product
-
Traditional
-
Dark
-
Milk
-
White
-
Artificial
By Distribution Channel
-
Supermarkets & Hypermarkets
-
Convenience Stores
-
Online
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Kuwait
-
South Africa
-
Nigeria
-
Algeria
-
Rest of MEA
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Middle East and Africa Chocolate Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising Demand for Premium and High-Quality Chocolate
- Growing Popularity of Dark Chocolate for Health Benefits
- Innovation in Flavors and Product Varieties
- Restraints
- Health Concerns due to Overconsumption
- Price Volatility of Cocoa
- Opportunities
- Expansion of the Chocolate Industry in Emerging Markets
- Rising Consumer Preference for Organic and Sustainable Chocolate
- Challenges
- Ethical and Sustainability Concerns
- Economic Downturns
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Middle East and Africa Chocolate Market: Marketing Strategies
- Middle East and Africa Chocolate Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- Traditional
- Dark
- Milk
- White
- Artificial
- Traditional
- By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- By Country
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- South Africa
- Nigeria
- Algeria
- Rest of MEA
- By Product
- Market Size & Forecast, 2019–2030
- Saudi Arabia Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- UAE Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Qatar Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Kuwait Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- South Africa Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Nigeria Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Algeria Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Rest of MEA Chocolate Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Distribution Channel
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Middle East and Africa Chocolate Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on Middle East and Africa Chocolate Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Nestlé S.A.
- Mondelez International Inc.
- Tiger Brands Limited
- Chocoladefabriken Lindt & Sprüngli AG
- Mars Incorporated
- Al Nassma Chocolate LLC
- Cocoa Sampaka
- Mirzam Al Quoz
- Kees Beyers Chocolate CC
- Barry Callebaut
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*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 Nestlé S.A. Company Overview
Table 30 Nestlé 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 & Sprüngli AG Company Overview
Table 36 Chocoladefabriken Lindt & Sprüngli 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
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.