GCC Chocolate Market - Size, Trends, Growth & Forecast 2028

Report Description

The 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

Consumers are increasingly seeking a wide range of options for obtaining high-quality products. As a result, chocolate market players are focusing on launching new products and expanding their product portfolio to meet rising demand. The products are made with fresh cocoa beans and carved into chocolates. With the emphasis on quality, the inherent flavor of cocoa beans is being highlighted. For instance, in 2022, Made By Two, an artisanal chocolate boutique, has launched a line of glazed luxury chocolates. The product line is inspired by art, form, and design, and it includes unique flavors, bold colors, and significant detailing. Similarly, In March 2022, Barry Callebaut launched its Cacao Barry brand of whole fruit chocolates in the United Arab Emirates. The product contains 40% less sugar than traditional dark chocolate and is made entirely of cacao fruit. The company has collaborated with Cabosse Naturals, who works closely with local cacao fruit farming communities in Ecuador that are part of the Cocoa Horizons sustainability programme to source the upcycled cacao fruit pulp and peels for the product. This factor is projected to further accelerate the market expansion of chocolate throughout the anticipated time frame.

Growing Awareness of Heath Benefits of Dark Chocolate Consumption

Increased consumption is primarily due to desired health benefits such as anti-aging, anti-intoxication, stress relief, blood pressure regulation, etc. Changing consumer tastes have increased consumers' appetite for chocolate and new trends, such as "coffee culture," are influencing how people use and consume chocolate. Furthermore, the growing preference for chocolate, particularly among millennials and young people, is driving up demand for chocolate. Confectionery snacks have grown in popularity and are relatively expensive, as chocolates are becoming a premium snack option compared to other snack options. As a result, dark chocolate is regarded as a potential superfood and widely used as a vital ingredient in the preparation of food products such as chocolate bars, candies, bakery foods, and beverages. Furthermore, the shifting consumer preference toward healthy and sustainable snacks and the growing popularity of packaged & convenient foods across the GCC region will fuel the market growth.

Rising adoption of chocolates as a Gifting Option

Chocolate bars are popular among locals and expatriates in the region as a means of socializing with family and friends and growingly used during business dealings and festivals. Occasions have incorporated chocolates as a necessary factor, including the Holy Month of Ramadan, Eid, weddings, births, and social gatherings; as the chocolate presence grows, with local and international chocolate brands appearing in malls and streets throughout the region in the last few decades. For instance, 2022, m cacao launched a Customizable Chocolate Video Box, which offering a personalized video experience inside a box of culinary-inspired chocolates as a gift. Similarly, in 2022, Kind Lyfe has launched the Vegan Ramadan Gift Box, which includes eight popular vegan cookies, including the popular Chocolate Dipped Cookie, Double Chocolate Chunk Cookie, and Chocolate Chunk Cookie, as well as four yummy cookie dough bite boxes, including a Classic, a Chocolate Brownie, and two Pecan Pie Cookie Dough Bites. In recent years, specialized chocolate festivals such as “the Coffee & Chocolate International Exhibition in Riyadh”, “the Chocolate, “Tea, and Coffee Festival in Qatar", and a Chocolate Bazaar in Dubai with a chocolate fountain and chocolate egg hunt have all taken place boost the market growth during the period.

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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 stores, convenience stores/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:

o Milk Chocolate

o Dark Chocolate

o White Chocolate

· GCC Chocolate Market, By Category:

o Countline

o Tablets

o Boxed Chocolates

o Chocolate Pouches & Bags

o Others

· GCC Chocolate Market, By Distribution Channel

o Supermarkets/Hypermarkets

o Independent Grocery Stores

o Convenience Stores/Forecourt Retailers

o Non-Store Retailing

o Others

· GCC Chocolate Market, By Country:

o Saudi Arabia

o UAE

o Kuwait

o Qatar

o Oman

o Bahrain

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in GCC chocolate market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Frequency of Usage

4.5. Factors Influencing Purchase Decision for Subscription

4.6. Brand Satisfaction

4.7. Challenges Faced Post Purchase of Subscription

5. GCC Chocolate Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Product Type Market Share Analysis (Milk Chocolate, Dark Chocolate and White Chocolate)

5.2.2. By Category Market Share Analysis (Countline, Tablets, Boxed Chocolates, and Others (Chocolate Pouches & Bags, etc.))

5.2.3. By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Independent Grocery Stores, Convenience Stores/Forecourt Retailers, Non-Store Retailing, Others)

5.2.4. By Countries Market Share Analysis

5.2.4.1. Saudi Arabia Market Analysis

5.2.4.2. UAE Market Analysis

5.2.4.3. Kuwait Market Analysis

5.2.4.4. Qatar Market Analysis

5.2.4.5. Oman Market Analysis

5.2.4.6. Bahrain Market Analysis

5.2.5. By Company Market Share Analysis

5.3. GCC Chocolate Market Mapping & Opportunity Assessment

5.3.1. By Product Type Market Mapping & Opportunity Assessment

5.3.2. By Category Market Mapping & Opportunity Assessment

5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4. By Countries Market Mapping & Opportunity Assessment

6. GCC: Country Analysis

6.1. Saudi Arabia Chocolate Market Outlook

6.1.1. Market Size & Forecast

6.1.1.1. By Value

6.1.1.2. By Volume

6.1.2. Market Share & Forecast

6.1.2.1. By Product Type Market Share Analysis

6.1.2.2. By Category Market Share Analysis

6.1.2.3. By Distribution Channel Market Share Analysis

6.2. UAE Chocolate Outlook

6.2.1. Market Size & Forecast

6.2.1.1. By Value

6.2.1.2. By Volume

6.2.2. Market Share & Forecast

6.2.2.1. By Product Type Market Share Analysis

6.2.2.2. By Category Market Share Analysis

6.2.2.3. By Distribution Channel Market Share Analysis

6.3. Kuwait Chocolate Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.1.2. By Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type Market Share Analysis

6.3.1.2.2. By Category Market Share Analysis

6.3.1.2.3. By Distribution Channel Market Share Analysis

6.4. Qatar Chocolate Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value

6.4.1.1.2. By Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Product Type Market Share Analysis

6.4.1.2.2. By Category Market Share Analysis

6.4.1.2.3. By Distribution Channel Market Share Analysis

6.5. Oman Chocolate Market Outlook

6.5.1.1. Market Size & Forecast

6.5.1.1.1. By Value

6.5.1.1.2. By Volume

6.5.1.2. Market Share & Forecast

6.5.1.2.1. By Product Type Market Share Analysis

6.5.1.2.2. By Category Market Share Analysis

6.5.1.2.3. By Distribution Channel Market Share Analysis

6.6. Bahrain Chocolate Market Outlook

6.6.1.1. Market Size & Forecast

6.6.1.1.1. By Value

6.6.1.1.2. By Volume

6.6.1.2. Market Share & Forecast

6.6.1.2.1. By Product Type Market Share Analysis

6.6.1.2.2. By Category Market Share Analysis

6.6.1.2.3. By Distribution Channel Market Share Analysis

7. Market Dynamics

7.1. Drivers

7.1.1. Rising adoption of chocolate as a gift

7.1.2. Launching new products

7.1.3. Growing awareness of health benefits

7.2. Challenges

7.2.1. Rising demand for chocolate alternatives

7.2.2. High competition

8. Impact of COVID-19 on GCC Chocolate Market

8.1.1. Impact Assessment Model

8.1.2. Key Segments Impacted

8.1.3. Key Regions Impacted

9. Market Trends & Developments

9.1. Ease of availability

9.2. Availability of varieties of flavors

9.3. Increasing promotional and marketing strategy

9.4. Changing consumer buying preference

9.5. Increasing demand for chocolate confectioneries

10. SWOT Analysis

10.1. Strength

10.2. Weakness

10.3. Opportunities

10.4. Threats

11. Porter’s Five Forces Model

11.1. Competitive Rivalry

11.2. Bargaining Power of Suppliers

11.3. Bargaining Power of Buyers

11.4. Threat of New Entrants

11.5. Threat of Substitutes

12. Import/Export Analysis

12.1. Top 5 Importing Countries

12.1.1. By Value

12.2. Top 5 Exporting Countries

12.2.1. By Value

13. GCC Economic Profile

14. Policy & Regulatory Landscape

15. Competitive Landscape

15.1. Company Profiles

15.1.1. Mars GCC FZE

15.1.1.1. Company Details

15.1.1.2. Products & Services

15.1.1.3. Financial (As per availability)

15.1.1.4. Key Market Focus & Geographical Presence

15.1.1.5. Recent Development

15.1.1.6. Key Management Personnel

15.1.2. Nestle Middle East FZE

15.1.2.1. Company Details

15.1.2.2. Products & Services

15.1.2.3. Financial (As per availability)

15.1.2.4. Key Market Focus & Geographical Presence

15.1.2.5. Recent Development

15.1.2.6. Key Management Personnel

15.1.3. Ferrero Trading Dubai

15.1.3.1. Company Details

15.1.3.2. Products & Services

15.1.3.3. Financial (As per availability)

15.1.3.4. Key Market Focus & Geographical Presence

15.1.3.5. Recent Development

15.1.3.6. Key Management Personnel

15.1.4. Chocoladefabriken Lindt & Sprüngli

15.1.4.1. Company Details

15.1.4.2. Products & Services

15.1.4.3. Financial (As per availability)

15.1.4.4. Key Market Focus & Geographical Presence

15.1.4.5. Recent Development

15.1.4.6. Key Management Personnel

15.1.5. Mondelez Arabia for Trading LLC

15.1.5.1. Company Details

15.1.5.2. Products & Services

15.1.5.3. Financial (As per availability)

15.1.5.4. Key Market Focus & Geographical Presence

15.1.5.5. Recent Development

15.1.5.6. Key Management Personnel

15.1.6. Patchi SAL

15.1.6.1. Company Details

15.1.6.2. Products & Services

15.1.6.3. Financial (As per availability)

15.1.6.4. Key Market Focus & Geographical Presence

15.1.6.5. Recent Development

15.1.6.6. Key Management Personnel

15.1.7. Al Nassma Chocolate LLC

15.1.7.1. Company Details

15.1.7.2. Products & Services

15.1.7.3. Financial (As per availability)

15.1.7.4. Key Market Focus & Geographical Presence

15.1.7.5. Recent Development

15.1.7.6. Key Management Personnel

15.1.8. Al Kazemi International Food Industries

15.1.8.1. Company Details

15.1.8.2. Products & Services

15.1.8.3. Financial (As per availability)

15.1.8.4. Key Market Focus & Geographical Presence

15.1.8.5. Recent Development

15.1.8.6. Key Management Personnel

15.1.9. Sweets of Oman SAOG

15.1.9.1. Company Details

15.1.9.2. Products & Services

15.1.9.3. Financial (As per availability)

15.1.9.4. Key Market Focus & Geographical Presence

15.1.9.5. Recent Development

15.1.9.6. Key Management Personnel

15.1.10. Godiva Chocolatier LLC

15.1.10.1. Company Details

15.1.10.2. Products & Services

15.1.10.3. Financial (As per availability)

15.1.10.4. Key Market Focus & Geographical Presence

15.1.10.5. Recent Development

15.1.10.6. Key Management Personnel

16. Strategic Recommendations/Action Plan

16.1. Key Focus Areas

16.2. Target Countries

16.3. Target Product Type

16.4. Target Category

16.5. Target Distribution Channel

17. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the key industry trends of the GCC chocolate market?

Consumers' impulsive buying habits, the availability of a wide variety of confections, and the health benefits of eating chocolate are among the major market factors driving the industry's expansion.

What are the most popular chocolate brands in the GCC?

Why is chocolate high demand?

The rise in at-home events, the desire for entertainment and stress release, and the accessibility and practicality of chocolate were all factors in this upward demand.

What makes chocolate more expensive?

Chocolate is made from a variety of ingredients, the most important of which is cocoa. Other ingredients required for chocolate production include sugar, dairy products, nuts, corn sweeteners, and energy (natural gas and fuel oil), making them more expensive.

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