MEA Premium Chocolate Market - Industry Trends and Forecast to 2030
The Middle East and Africa premium chocolate market is expected to reach USD 1,652,879.56 thousand by 2030 from USD 1,229,562.10 thousand in 2022, growing at a CAGR of 4.0% during the forecast period of 2023 to 2030.
Market Segmentation
Middle East and Africa Premium Chocolate Market, By Type (Milk chocolate, Dark Chocolate, and White Chocolate), Product Type (Regular/Plain Chocolate and Filled Chocolate), Inclusion (With Inclusions Chocolates and Regular/No Inclusions Chocolates), Nature (Conventional and Organic), Category ( Standard Premium and Super Premium), Cocoa Content (50-60%, 71-80%, 61-70%, 81-90%, and 91-100%), Flavor (Flavor and Classic/Regular), Packaging (Plastic Wrap, Gift Boxes/Assorted, Pouches, Board Box, Sachets, and Others), Distribution Channel (Store Based Retailers and Non-store retailers), Countries (United Arab Emirates, South Africa, Saudi Arabia, Egypt, Israel, the Rest of the Middle East and Africa) Industry Trends and Forecast to 2030
Overview of Middle East and Africa Premium Chocolate Market Dynamics:
Driver
• Use of premium chocolate in the baking industry
Restrain
• The rise in obesity has prompted consumers to look for chocolate substitutes because they believe that chocolate is one of the things that contribute to their weight gain
Opportunity
• Increased digitalization and migration of consumers to online distribution channels
Market Players
Some of the key players operating in the Middle East and Africa premium chocolate market are:
• Mars, Incorporated and its Affiliates
• Mondelēz International
• THE HERSHEY COMPANY
• Ferrero, Nestlé
• General Mills, Inc.
• Meiji Holdings Co., Ltd.
• Chocoladefabriken Lindt & Sprüngli AG
• Barry Callebaut
• The Kraft Heinz Company
• Cargill, Incorporated.
• Cloetta AB,
• ORION CORP.
• Ghirardelli Chocolate Company (A Subsidiary of Lindt & Sprüngli AG)
• Ezaki Glico Co., Ltd.
• MORINAGA & CO., LTD
• Arcor
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- 1 Introduction
- 1.1 Objectives Of The Study
- 1.2 Market Definition
- 1.3 Overview Of The Middle East & Africa Premium Chocolate Market
- 1.4 Limitations
- 1.5 Markets Covered
- 2 Market Segmentation
- 2.1 Markets Covered
- 2.2 Geographical Scope
- 2.3 Years Considered For The Study
- 2.4 Currency And Pricing
- 2.5 Dbmr Tripod Data Validation Model
- 2.6 Grade Life Line Curve
- 2.7 Multivariate Modeling
- 2.8 Primary Interviews With Key Opinion Leaders
- 2.9 Dbmr Market Position Grid
- 2.10 Market Application Coverage Grid
- 2.11 Dbmr Market Challenge Matrix
- 2.12 Dbmr Vendor Share Analysis
- 2.13 Secondary Sources
- 2.14 Assumptions
- 3 Executive Summary
- 4 Premium Insights
- 4.1 Analysis Of Hazelnut Content For Top Middle East & Africa Premium Chocolate Brands
- 4.2 Brand Comparative Analysis
- 4.2.1 Ferrero
- 4.2.2 Nestle
- 4.2.3 Chocoladefabriken Lindt & Sprüngli Ag
- 4.3 Factors Influencing Buying Decision
- 4.3.1 Packaging Factor
- 4.3.2 Taste
- 4.3.3 Health
- 4.3.4 Brand Loyalty
- 4.3.5 Gender And Age
- 4.3.6 Income
- 4.4 Industry Trends And Future Perspective
- 4.4.1 Rising Consumer Preference Toward Dark And Vegan Chocolate
- 4.4.2 Consumers Are Interested In New Innovative Flavours And Texture
- 4.4.3 Rising Demand For Premium Chocolates For Gifting Purposes
- 4.4.4 Future Perspective
- 4.5 Meeting Consumer Requirement
- 4.6 Supply Chain Analysis
- 4.6.1 Raw Material Procurement & Manufacturing
- 4.6.2 Distribution
- 4.6.3 End-users
- 4.7 Shopping Behavior And Dynamics
- 4.7.1 Recommendations From Family And Friends
- 4.7.2 Research
- 4.7.3 Impulsive
- 4.7.4 Advertisement
- 4.7.5 Television Advertisement
- 4.7.6 Online Advertisement
- 4.7.7 In-store Advertisement
- 4.7.8 Outdoor Advertisement
- 4.8 New Product Launch Strategy
- 4.8.1 Number Of Product Launches
- 4.8.2 Line Extension
- 4.8.3 New Packaging
- 4.8.4 Re-launched
- 4.8.5 New Formulation
- 4.8.6 Differential Product Offering
- 4.8.7 Package Designing
- 4.8.8 Pricing Analysis
- 4.9 Regulation Coverage
- 5 Market Overview
- 5.1 Drivers
- 5.1.1 Rise In The Popularity Of Vegan, Organic, And Gluten Free Chocolates
- 5.1.2 High Demand For Premium Chocolates In Festive Seasons
- 5.1.3 Demand For Premium Chocolates Owing To The Shift Towards A Healthy Lifestyle
- 5.1.4 Use Of Premium Chocolate In The Baking Industry
- 5.2 Restraints
- 5.2.1 Fluctuating Prices Of Raw Materials
- 5.2.2 Availability Of Various Substitute
- 5.3 Opportunities
- 5.3.1 Continuous Focus On Developing New Flavored And Unique Chocolates
- 5.3.2 Rising Trend Of Online Distribution
- 5.4 Challenges
- 5.4.1 Rising Cost Of Supply Chain
- 5.4.2 Rules And Regulations Associated With Premium Chocolates
- 6 Middle East & Africa Premium Chocolate Market, By Region
- 6.1 Middle East And Africa
- 6.1.1 United Arab Emirates
- 6.1.2 South Africa
- 6.1.3 Saudi Arabia
- 6.1.4 Kuwait
- 6.1.5 Rest Of Middle East And Africa
- 7 Middle East & Africa Premium Chocolate Market: Company Landscape
- 7.1 Company Share Analysis: Middle East & Africa
- 7.2 Acquisition
- 7.3 New Product Development
- 7.4 Facility Expansion
- 7.5 New Appointment
- 8 Swot Analysis
- 9 Company Profiles
- 9.1 Mars, Incorporated And Its Affiliates
- 9.1.1 Company Snapshot
- 9.1.2 Company Share Analysis
- 9.1.3 Product Portfolio
- 9.1.4 Recent Updates
- 9.2 Mondelēz International
- 9.2.1 Company Snapshot
- 9.2.2 Revenue Analysis
- 9.2.3 Company Share Analysis
- 9.2.4 Product Portfolio
- 9.2.5 Recent Development
- 9.3 The Hershey Company
- 9.3.1 Company Snapshot
- 9.3.2 Revenue Analysis
- 9.3.3 Company Share Analysis
- 9.3.4 Product Portfolio
- 9.3.5 Recent Development
- 9.4 Ferrero
- 9.4.1 Company Snapshot
- 9.4.2 Company Share Analysis
- 9.4.3 Product Portfolio
- 9.4.4 Recent Updates
- 9.5 Nestlé
- 9.5.1 Company Snapshot
- 9.5.2 Revenue Analysis
- 9.5.3 Company Share Analysis
- 9.5.4 Product Portfolio
- 9.5.5 Recent Development
- 9.6 Arcor
- 9.6.1 Company Snapshot
- 9.6.2 Revenue Analysis
- 9.6.3 Product Portfolio
- 9.6.4 Recent Development
- 9.7 Barry Callebaut
- 9.7.1 Company Snapshot
- 9.7.2 Revenue Analysis
- 9.7.3 Product Portfolio
- 9.7.4 Recent Updates
- 9.8 Cargill, Incorporated
- 9.8.1 Company Snapshot
- 9.8.2 Product Portfolio
- 9.8.3 Recent Updates
- 9.9 Chocoladefabriken Lindt & Sprüngli Ag (2022)
- 9.9.1 Company Snapshot
- 9.9.2 Revenue Analysis
- 9.9.3 Product Portfolio
- 9.9.4 Recent Development
- 9.10 Cloetta Ab
- 9.10.1 Company Snapshot
- 9.10.2 Revenue Analysis
- 9.10.3 Product Portfolio
- 9.10.4 Recent Development
- 9.11 Ezaki Glico Co., Ltd.
- 9.11.1 Company Snapshot
- 9.11.2 Revenue Analysis
- 9.11.3 Product Portfolio
- 9.11.4 Recent Development
- 9.12 General Mills, Inc.
- 9.12.1 Company Snapshot
- 9.12.2 Revenue Analysis
- 9.12.3 Product Portfolio
- 9.12.4 Recent Development
- 9.13 Ghirardelli Chocolate Company
- 9.13.1 Company Snapshot
- 9.13.2 Product Portfolio
- 9.13.3 Recent Development
- 9.14 Meiji Holdings Co., Ltd.
- 9.14.1 Company Snapshot
- 9.14.2 Revenue Analysis
- 9.14.3 Product Portfolio
- 9.14.4 Recent Development
- 9.15 Morinaga & Co., Ltd.
- 9.15.1 Company Snapshot
- 9.15.2 Revenue Analysis
- 9.15.3 Product Portfolio
- 9.15.4 Recent Development
- 9.16 Orion Corp.
- 9.16.1 Company Snapshot
- 9.16.2 Revenue Analysis
- 9.16.3 Product Portfolio
- 9.16.4 Recent Developments
- 9.17 The Kraft Heinz Company
- 9.17.1 Company Snapshot
- 9.17.2 Revenue Analysis
- 9.17.3 Product Portfolio
- 9.17.4 Recent Development
- 10 Questionnaire
- 11 Related Reports 218
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