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Chocolate Market in Middle East and Africa 2024-2028

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    Report

  • 139 Pages
  • November 2024
  • Region: Africa, Middle East
  • TechNavio
  • ID: 5534279
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The chocolate market in middle east and africa is forecasted to grow by USD 3.93 billion during 2023-2028, accelerating at a CAGR of 7.3% during the forecast period. The report on the chocolate market in middle east and africa provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness regarding health benefits offered by chocolate, rising demand in food and beverage industry, and growing demand for customized chocolate.

The chocolate market in middle east and africa is segmented as below:

By Type

  • Milk
  • Dark
  • White

By Geographical Landscape

  • Middle East and Africa
This study identifies the impulse purchasing behavior of consumers as one of the prime reasons driving the chocolate market in middle east and africa growth during the next few years. Also, rising demand for premium chocolate and introduction of organic, vegan, and sugar and gluten-free chocolate will lead to sizable demand in the market.

The report on the chocolate market in middle east and africa covers the following areas:

  • Chocolate Market in Middle East and Africa sizing
  • Chocolate Market in Middle East and Africa forecast
  • Chocolate Market in Middle East and Africa industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market in middle east and africa vendors that include Arcor Group, AUGUST STORCK KG, Barry Callebaut AG, Cacau Show, Chocoladefabriken Lindt and Sprungli AG, Chocolat Bernrain AG, Ezaki Glico Co. Ltd., Ferrero International S.A., Godiva Chocolatier Inc., Kellogg Co., La Maison du Chocolat, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Morinaga and Co. Ltd., Nestle SA, Patchi, The Hershey Co., Theo Chocolate Inc., and Thorntons Ltd. Also, the chocolate market in middle east and africa analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
5 Historic Market Size
5.1 Chocolate Market in Middle East and Africa 2018 - 2022
Historic Market Size - Data Table on Chocolate Market in Middle East and Africa 2018 - 2022 ($ million)
5.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
5.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 The AI impact on Chocolate Market in MEA
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Milk - Market size and forecast 2023-2028
Chart on Milk - Market size and forecast 2023-2028 ($ million)
Data Table on Milk - Market size and forecast 2023-2028 ($ million)
Chart on Milk - Year-over-year growth 2023-2028 (%)
Data Table on Milk - Year-over-year growth 2023-2028 (%)
8.4 Dark - Market size and forecast 2023-2028
Chart on Dark - Market size and forecast 2023-2028 ($ million)
Data Table on Dark - Market size and forecast 2023-2028 ($ million)
Chart on Dark - Year-over-year growth 2023-2028 (%)
Data Table on Dark - Year-over-year growth 2023-2028 (%)
8.5 White - Market size and forecast 2023-2028
Chart on White - Market size and forecast 2023-2028 ($ million)
Data Table on White - Market size and forecast 2023-2028 ($ million)
Chart on White - Year-over-year growth 2023-2028 (%)
Data Table on White - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape - 2023-2028 (%)
Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 UAE - Market size and forecast 2023-2028
Chart on UAE - Market size and forecast 2023-2028 ($ million)
Data Table on UAE - Market size and forecast 2023-2028 ($ million)
Chart on UAE - Year-over-year growth 2023-2028 (%)
Data Table on UAE - Year-over-year growth 2023-2028 (%)
10.4 Saudi Arabia - Market size and forecast 2023-2028
Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
10.5 Israel - Market size and forecast 2023-2028
Chart on Israel - Market size and forecast 2023-2028 ($ million)
Data Table on Israel - Market size and forecast 2023-2028 ($ million)
Chart on Israel - Year-over-year growth 2023-2028 (%)
Data Table on Israel - Year-over-year growth 2023-2028 (%)
10.6 South Africa - Market size and forecast 2023-2028
Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Chart on South Africa - Year-over-year growth 2023-2028 (%)
Data Table on South Africa - Year-over-year growth 2023-2028 (%)
10.7 Rest of MEA - Market size and forecast 2023-2028
Chart on Rest of MEA - Market size and forecast 2023-2028 ($ million)
Data Table on Rest of MEA - Market size and forecast 2023-2028 ($ million)
Chart on Rest of MEA - Year-over-year growth 2023-2028 (%)
Data Table on Rest of MEA - Year-over-year growth 2023-2028 (%)
10.8 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Table on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Arcor Group
Arcor Group - Overview
Arcor Group - Product / Service
Arcor Group - Key offerings
SWOT
13.5 Cacau Show
Cacau Show - Overview
Cacau Show - Product / Service
Cacau Show - Key offerings
SWOT
13.6 Chocoladefabriken Lindt and Sprungli AG
Chocoladefabriken Lindt and Sprungli AG - Overview
Chocoladefabriken Lindt and Sprungli AG - Business segments
Chocoladefabriken Lindt and Sprungli AG - Key news
Chocoladefabriken Lindt and Sprungli AG - Key offerings
Chocoladefabriken Lindt and Sprungli AG - Segment focus
SWOT
13.7 Ezaki Glico Co. Ltd.
Ezaki Glico Co. Ltd. - Overview
Ezaki Glico Co. Ltd. - Business segments
Ezaki Glico Co. Ltd. - Key offerings
Ezaki Glico Co. Ltd. - Segment focus
SWOT
13.8 Ferrero International S.A.
Ferrero International S.A. - Overview
Ferrero International S.A. - Product / Service
Ferrero International S.A. - Key news
Ferrero International S.A. - Key offerings
SWOT
13.9 Kellogg Co.
Kellogg Co. - Overview
Kellogg Co. - Business segments
Kellogg Co. - Key offerings
Kellogg Co. - Segment focus
SWOT
13.10 La Maison du Chocolat
La Maison du Chocolat - Overview
La Maison du Chocolat - Product / Service
La Maison du Chocolat - Key offerings
SWOT
13.11 Mars Inc.
Mars Inc. - Overview
Mars Inc. - Product / Service
Mars Inc. - Key news
Mars Inc. - Key offerings
SWOT
13.12 Meiji Holdings Co. Ltd.
Meiji Holdings Co. Ltd. - Overview
Meiji Holdings Co. Ltd. - Business segments
Meiji Holdings Co. Ltd. - Key news
Meiji Holdings Co. Ltd. - Key offerings
Meiji Holdings Co. Ltd. - Segment focus
SWOT
13.13 Theo Chocolate Inc.
Theo Chocolate Inc. - Overview
Theo Chocolate Inc. - Product / Service
Theo Chocolate Inc. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 10: Overview on criticality of inputs and factors of differentiation
Exhibits 11: Overview on factors of disruption
Exhibits 12: Impact of drivers and challenges in 2023 and 2028
Exhibits 13: Parent Market
Exhibits 14: Data Table on - Parent Market
Exhibits 15: Market characteristics analysis
Exhibits 16: Value Chain Analysis
Exhibits 17: Offerings of companies included in the market definition
Exhibits 18: Market segments
Exhibits 19: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 20: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 21: Chart on Middle East and Africa: Year-over-year growth 2023-2028 (%)
Exhibits 22: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 23: Historic Market Size - Data Table on Chocolate Market in Middle East and Africa 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 25: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 26: Five forces analysis - Comparison between 2023 and 2028
Exhibits 27: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 31: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 32: Chart on Market condition - Five forces 2023 and 2028
Exhibits 33: Chart on Type - Market share 2023-2028 (%)
Exhibits 34: Data Table on Type - Market share 2023-2028 (%)
Exhibits 35: Chart on Comparison by Type
Exhibits 36: Data Table on Comparison by Type
Exhibits 37: Chart on Milk - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Data Table on Milk - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Chart on Milk - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Milk - Year-over-year growth 2023-2028 (%)
Exhibits 41: Chart on Dark - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Data Table on Dark - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Chart on Dark - Year-over-year growth 2023-2028 (%)
Exhibits 44: Data Table on Dark - Year-over-year growth 2023-2028 (%)
Exhibits 45: Chart on White - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on White - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on White - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on White - Year-over-year growth 2023-2028 (%)
Exhibits 49: Market opportunity by Type ($ million)
Exhibits 50: Data Table on Market opportunity by Type ($ million)
Exhibits 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 52: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 53: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 54: Chart on Geographic comparison
Exhibits 55: Data Table on Geographic comparison
Exhibits 56: Chart on UAE - Market size and forecast 2023-2028 ($ million)
Exhibits 57: Data Table on UAE - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Chart on UAE - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on UAE - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibits 61: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Israel - Market size and forecast 2023-2028 ($ million)
Exhibits 65: Data Table on Israel - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Chart on Israel - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Israel - Year-over-year growth 2023-2028 (%)
Exhibits 68: Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 69: Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Chart on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits 71: Data Table on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits 72: Chart on Rest of MEA - Market size and forecast 2023-2028 ($ million)
Exhibits 73: Data Table on Rest of MEA - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Chart on Rest of MEA - Year-over-year growth 2023-2028 (%)
Exhibits 75: Data Table on Rest of MEA - Year-over-year growth 2023-2028 (%)
Exhibits 76: Market opportunity By Geographical Landscape ($ million)
Exhibits 77: Data Table on Market opportunity By Geographical Landscape ($ million)
Exhibits 78: Impact of drivers and challenges in 2023 and 2028
Exhibits 79: Overview on criticality of inputs and factors of differentiation
Exhibits 80: Overview on factors of disruption
Exhibits 81: Impact of key risks on business
Exhibits 82: Companies covered
Exhibits 83: Company ranking index
Exhibits 84: Matrix on companies position and classification
Exhibits 85: Arcor Group - Overview
Exhibits 86: Arcor Group - Product / Service
Exhibits 87: Arcor Group - Key offerings
Exhibits 88: SWOT
Exhibits 89: Cacau Show - Overview
Exhibits 90: Cacau Show - Product / Service
Exhibits 91: Cacau Show - Key offerings
Exhibits 92: SWOT
Exhibits 93: Chocoladefabriken Lindt and Sprungli AG - Overview
Exhibits 94: Chocoladefabriken Lindt and Sprungli AG - Business segments
Exhibits 95: Chocoladefabriken Lindt and Sprungli AG - Key news
Exhibits 96: Chocoladefabriken Lindt and Sprungli AG - Key offerings
Exhibits 97: Chocoladefabriken Lindt and Sprungli AG - Segment focus
Exhibits 98: SWOT
Exhibits 99: Ezaki Glico Co. Ltd. - Overview
Exhibits 100: Ezaki Glico Co. Ltd. - Business segments
Exhibits 101: Ezaki Glico Co. Ltd. - Key offerings
Exhibits 102: Ezaki Glico Co. Ltd. - Segment focus
Exhibits 103: SWOT
Exhibits 104: Ferrero International S.A. - Overview
Exhibits 105: Ferrero International S.A. - Product / Service
Exhibits 106: Ferrero International S.A. - Key news
Exhibits 107: Ferrero International S.A. - Key offerings
Exhibits 108: SWOT
Exhibits 109: Kellogg Co. - Overview
Exhibits 110: Kellogg Co. - Business segments
Exhibits 111: Kellogg Co. - Key offerings
Exhibits 112: Kellogg Co. - Segment focus
Exhibits 113: SWOT
Exhibits 114: La Maison du Chocolat - Overview
Exhibits 115: La Maison du Chocolat - Product / Service
Exhibits 116: La Maison du Chocolat - Key offerings
Exhibits 117: SWOT
Exhibits 118: Mars Inc. - Overview
Exhibits 119: Mars Inc. - Product / Service
Exhibits 120: Mars Inc. - Key news
Exhibits 121: Mars Inc. - Key offerings
Exhibits 122: SWOT
Exhibits 123: Meiji Holdings Co. Ltd. - Overview
Exhibits 124: Meiji Holdings Co. Ltd. - Business segments
Exhibits 125: Meiji Holdings Co. Ltd. - Key news
Exhibits 126: Meiji Holdings Co. Ltd. - Key offerings
Exhibits 127: Meiji Holdings Co. Ltd. - Segment focus
Exhibits 128: SWOT
Exhibits 129: Theo Chocolate Inc. - Overview
Exhibits 130: Theo Chocolate Inc. - Product / Service
Exhibits 131: Theo Chocolate Inc. - Key offerings
Exhibits 132: SWOT
Exhibits 133: Inclusions checklist
Exhibits 134: Exclusions checklist
Exhibits 135: Currency conversion rates for US$
Exhibits 136: Research methodology
Exhibits 137: Information sources
Exhibits 138: Data validation
Exhibits 139: Validation techniques employed for market sizing
Exhibits 140: Data synthesis
Exhibits 141: 360 degree market analysis
Exhibits 142: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the chocolate market in middle east and africa: Arcor Group, AUGUST STORCK KG, Barry Callebaut AG, Cacau Show, Chocoladefabriken Lindt and Sprungli AG, Chocolat Bernrain AG, Ezaki Glico Co. Ltd., Ferrero International S.A., Godiva Chocolatier Inc., Kellogg Co., La Maison du Chocolat, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Morinaga and Co. Ltd., Nestle SA, Patchi, The Hershey Co., Theo Chocolate Inc., and Thorntons Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is impulse purchasing behavior of consumers."

According to the report, one of the major drivers for this market is the rising awareness regarding health benefits offered by chocolate.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Arcor Group
  • AUGUST STORCK KG
  • Barry Callebaut AG
  • Cacau Show
  • Chocoladefabriken Lindt and Sprungli AG
  • Chocolat Bernrain AG
  • Ezaki Glico Co. Ltd.
  • Ferrero International S.A.
  • Godiva Chocolatier Inc.
  • Kellogg Co.
  • La Maison du Chocolat
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Morinaga and Co. Ltd.
  • Nestle SA
  • Patchi
  • The Hershey Co.
  • Theo Chocolate Inc.
  • Thorntons Ltd.