GCC Chocolate Market By Product Type (Milk Chocolate, Dark Chocolate and White Chocolate), By Category (Countline, Tablets, Boxed Chocolate and Others), By Distribution Channel, By Country, Competition Forecast & Opportunities, 2013 – 2023

GCC chocolate market stood at $ 1.3 billion in 2017 and is projected to grow at a CAGR of over 12% to reach $ 2.6 billion by 2023. Anticipated growth in the market can be attributed to rising consumption of chocolate among young population under the age group of 5-24 years coupled with growing urbanization across the GCC region. Moreover, growing trend of gifting premium chocolates as a substitute for dry fruits and traditional sweets is further aiding the region’s chocolate market. Rising tourist footfall and expanding expatriate population, which is increasing the influence of western culture, increasing disposable income of middle class population and growing awareness about health benefits of chocolate is further expected to propel growth in GCC chocolate market through 2023.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• To analyze and forecast the market size of GCC chocolate market.
• To define, classify and forecast GCC chocolate market based on product type, category, distribution channel, country and company.
• To analyze and forecast the market share in terms of value for GCC chocolate market with respect to product type which includes milk chocolate, dark chocolate and white chocolate.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, of six countries in the region, namely – Saudi Arabia, UAE, Oman, Bahrain, Qatar and Kuwait.
• To identify tailwinds and headwinds for the GCC chocolate market.
• To examine competitive developments such as expansions, innovative product launches, government policy and investments, new entrants in GCC chocolate market.
• To strategically profile the leading players in the market which are involved in the supply of chocolate in GCC region.

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Some of the major players operating in GCC chocolate market are Mars GCC FZE, Mondelez Arabia for Trading LLC, Nestle Middle East FZE, Ferrero Trading Dubai, Chocoladefabriken Lindt & Sprüngli, Patchi SAL, Al Nassma Chocolate LLC, Al Kazemi International Food Industries, Sweets of Oman SAOG and Godiva Chocolatier LLC.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading chocolate companies across the GCC region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the

 type, category, distribution channel and regional presence of all major chocolate companies across the GCC region.

Key Target Audience:

• Chocolate manufacturers, importers, suppliers, distributors and other stakeholders
• Trade Associations, organizations, forums and alliances related to chocolate industry
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as chocolate manufacturers, distributors and other stakeholders. The report would also provide insights about which market segments should be targeted over the coming years to strategize investments and capitalize on the growth of the market.

Report Scope:

In this report, GCC chocolate market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Market, by Product Type:
• Milk Chocolate
• Dark Chocolate
• White Chocolate
• Market, by Category:
• Chocolate Pouches and Bags
• Boxed Chocolates
• Countline
• Tablets
• Others
• Market, by Distributional Channel:
• Supermarkets/Hypermarket
• Convenience Stores/Forecourt Retailers
• Independent Grocery Stores
• Non-Store Retailing
• Others
• Market, by Country:
• Saudi Arabia
• UAE
• Kuwait
• Qatar
• Oman
• Bahrain
• Market, by Company:
• Mars GCC FZE
• Nestle Middle East FZE
• Ferrero Trading Dubai
• Chocoladefabriken Lindt & Spruengli
• Mondelez Arabia for Trading LLC
• Others

Competitive Landscape

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

Voice of Customer: Customer analysis by considering below mentioned parameters- Brand Awareness, Frequency of Consuming Chocolate and Factors Influencing Purchase Decision.

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:

Channel Partner Analysis

• Detailed list of distributors and dealers across all major regions.

Company Information

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