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Middle East And Africa Chocolate Market
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Middle East And Africa Chocolate Market

Home Food And Beverages 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.

Middle East and Africa Chocolate Market

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 Share

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.

Middle East and Africa Chocolate Market Trend

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

  1. Dark

  2. Milk

  3. White

  • Artificial

By Distribution Channel

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Online

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Chocolate Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Demand for Premium and High-Quality Chocolate
        2. Growing Popularity of Dark Chocolate for Health Benefits
        3. Innovation in Flavors and Product Varieties
      2. Restraints
        1. Health Concerns due to Overconsumption
        2. Price Volatility of Cocoa
      3. Opportunities
        1. Expansion of the Chocolate Industry in Emerging Markets
        2. Rising Consumer Preference for Organic and Sustainable Chocolate
      4. Challenges
        1. Ethical and Sustainability Concerns
        2. Economic Downturns
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East and Africa Chocolate Market: Marketing Strategies
  5. Middle East and Africa Chocolate Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
        1. Traditional
          1. Dark
          2. Milk
          3. White
        2. Artificial
      2. By Distribution Channel
        1. Supermarkets & Hypermarkets
        2. Convenience Stores
        3. Online
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  6. Saudi Arabia Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  7. UAE Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  8. Qatar Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  9. Kuwait Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  10. South Africa Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  11. Nigeria Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  12. Algeria Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  13. Rest of MEA Chocolate Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Distribution Channel
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Chocolate Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    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)
    1. Nestlé S.A.
    2. Mondelez International Inc.
    3. Tiger Brands Limited
    4. Chocoladefabriken Lindt & Sprüngli AG
    5. Mars Incorporated
    6. Al Nassma Chocolate LLC
    7. Cocoa Sampaka
    8. Mirzam Al Quoz
    9. Kees Beyers Chocolate CC
    10. Barry Callebaut
    11. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    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      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

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Chocolate Market size was estimated at USD 8.4 billion in 2023.
Ans: During the forecast period between 2024 and 2030, Middle East and Africa Chocolate market size is expected to grow at a CAGR of 5.50% a value of USD 12 billion by 2030.
Ans: Major factors driving the growth of Middle East and Africa Chocolate Market include rising demand for premium and high-quality chocolate and growing popularity of dark chocolate for health benefits.
Ans: Key players in Middle East and Africa Chocolate Market include 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, and Barry Callebaut.
Ans: South Africa is expected to grow at the fastest rate in Middle East and Africa Chocolate Market during the forecast period between 2024 and 2030.
Ans: The traditional segment holds the largest market share of Middle East and Africa Chocolate Market by product.