GCC Chocolate Market, By Product Type (Milk Chocolate, Dark Chocolate, and White Chocolate), Based on category, (Countline, Tablets, Boxed Chocolates, and Others (Chocolate Pouches & Bags etc.)), Based on Distribution Channel (Supermarkets/Hypermarkets, Independent Grocery Stores, Convenience Stores/Forecourt Retailers, Non-Store Retailing, Others), By Country, By Company, Forecast and Opportuniti
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe GCC chocolate market is anticipated to be driven by an increase in the variety of chocolate flavors and market players launching new products with additional flavors by combining chocolate with dates, the region's staple fruit, which will boost market growth during the forecast period.
The region's chocolate business is booming due to the shift in consumer tastes and the availability of chocolate-derived products like mousse, rolls, fudge, etc. Due to the increased demand for specialty chocolate and the increasing desire for real flavor, more and more producers are considering the possibility of making artisanal sweets. Due to its capacity to make people happy and calm their minds, chocolate sales are anticipated to rise in the upcoming years.
Other regions that consume a lot of chocolate include the Middle East and Africa. Belgium produces 700,000 tonnes of chocolate per year, with 80 percent exported, according to the Belgian Consulate in Riyadh.
New Product Launches Fueled the Market Growth
People want more choices than ever when it comes to buying great stuff, and that includes chocolate! So, chocolate makers are busy creating new goodies and offering more options to keep up with what everyone wants. Think fresh cocoa beans turned into amazing chocolates, where the focus is really on bringing out the natural flavor of the cocoa. For example, in 2022, Made By Two, a fancy chocolate shop, came out with a whole line of glazed luxury chocolates. They're all about art and design, with interesting flavors, bright colors, and lots of detail. Also, in March 2022, Barry Callebaut launched its Cacao Barry brand of whole fruit chocolates in the United Arab Emirates. It's got 40% less sugar than regular dark chocolate and is made entirely from the cacao fruit. To make it happen, they teamed up with Cabosse Naturals, who works with cacao farmers in Ecuador as part of the Cocoa Horizons sustainability programme, using leftover cacao fruit pulp and peels. All this is expected to help the chocolate market grow even faster in the years to come.
Growing Awareness of Heath Benefits of Dark Chocolate Consumption
People are eating more chocolate mainly because they believe it's good for their health, like helping them stay young, recover from drinking, and manage stress and blood pressure. Plus, our tastes are changing! We're craving more chocolate, and trends like "coffee culture" are affecting how we enjoy it. Young people, especially millennials, really love chocolate, which is making the demand skyrocket. Confectionery snacks are all the rage and, let's face it, chocolates are becoming a fancy, go-to snack. That's why dark chocolate is seen as a superfood and is popping up in everything from chocolate bars and candies to baked goods and drinks. Also, we're all about healthy and sustainable snacks these days, and packaged goodies are super popular in places like the GCC region, which will keep the chocolate market booming!
Rising adoption of chocolates as a Gifting Option
Chocolates are a big hit here, loved by both locals and those who've moved from abroad. They're not just for hanging out with family and friends anymore; you'll see them at business meetings and festivals too. Think of any celebration – Ramadan, Eid, weddings, even just getting together – and chances are, chocolate will be there. You can't miss them! Over the last few decades, tons of chocolate brands, both local and international, have popped up in malls and on the streets. Take 2022, for examplem cacao launched a Customizable Chocolate Video Box – imagine getting a box of delicious chocolates with a personalized video inside! And Kind Lyfe came out with a Vegan Ramadan Gift Box in 2022, packed with eight vegan cookies like their Chocolate Dipped Cookie, Double Chocolate Chunk Cookie, and Chocolate Chunk Cookie, plus four boxes of cookie dough bites including a Classic, a Chocolate Brownie, and two Pecan Pie Cookie Dough Bites. Plus, we've got chocolate festivals like "the Coffee & Chocolate International Exhibition in Riyadh", "the Chocolate, Tea, and Coffee Festival in Qatar", and even a Chocolate Bazaar in Dubai, complete with a chocolate fountain and a chocolate egg hunt. These events really give the chocolate market a boost.
Market Segmentation
The GCC chocolate market is segmented based on product type, category, distribution channel, countries, and company. Based on product type, the market is further segmented into milk chocolate, dark chocolate, and white chocolate. Based on category, the GCC Chocolate market is segmented into countline, tablets, boxed chocolates, chocolate pouches & bags, and others. Based on distribution channels, the market is further segmented into supermarkets/hypermarkets, independent grocery retailers, convenience retailers/forecourt retailers, and non-store retailing, and others.
Company Profiles
Mars GCC FZE, Nestle Middle East FZE, Ferrero Trading Dubai, Chocoladefabriken Lindt & Sprüngli, Mondelez Arabia for Trading LLC, Patchi SAL, Al Nassma Chocolate LLC, Al Kazemi International Food Industries, Sweets of Oman SAOG, Godiva Chocolatier LLC, are among the top players operating in the GCC chocolate market.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion, Volume in Million Units and CAGR for 2018-2021 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type· Category· Distribution· Countries· Company |
| Regional Scope | Saudi Arabia, UAE, Kuwait, Qatar, Oman, Bahrain |
| Key Companies Profiled | Mars GCC FZE, Nestle Middle East FZE, Ferrero Trading Dubai, Chocoladefabriken Lindt & Sprüngli, Mondelez Arabia for Trading LLC, Patchi SAL, Al Nassma Chocolate LLC, Al Kazemi International Food Industries, Sweets of Oman SAOG, Godiva Chocolatier LLC |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, GCC chocolate market has been segmented into following categories, in addition to the industry trends which have also been detailed below
GCC Chocolate Market, By Product Type
GCC Chocolate Market, By Category
GCC Chocolate Market, By Distribution Channel
GCC Chocolate Market, By Country
Competitive Landscape
Company Profiles
found at Customizations
With the given market data, marketinsights Research offers customizations according to a company’s specific needs. The following customization options are found at for the report
Company Information
Detailed analysis and profiling of additional market players (up to five).
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy