Report Description

GCC premium chocolate market is expected to grow at an impressive CAGR during the forecast period on account of increasing consumption of chocolates among youth and emergence of various varieties of chocolates to cater to wider audiences with the launch of sugar free, cholesterol free and low-fat chocolates. Online offerings and increasing number of product distribution channels are anticipated to positively influence the growth of the GCC premium chocolate market over the coming years. However, fluctuating prices of raw materials such as cocoa, sugar, etc. can hamper the growth of the market.

GCC premium chocolate market can be segmented based on product type, distribution channel and country. In terms of product type, dark chocolate is one of the most preferred flavors among young population. Dark chocolates possess high quantity of cocoa and are also claimed to help in the prevention of cardiac diseases, which is expected to give a boost to the market growth during forecast period. Based on distribution channel, share of online segment is expected to increase over the coming years as online channels offer discounts and there are numerous options to choose from.

Major companies operating in the GCC premium chocolate market recorded high sale volumes in the 2018 financial year and the trend is likely to continue in the forecast period. Key players operating in the GCC premium chocolate market include Mondelez International MEA, Nestle Middle East FZE, Ferrero Gulf HQ, Godiva Chocolatier, Barry Callebaut, Hotel Chocolat, The Hershey Company, Patchi HO UAE, Chocoladefabriken Lindt & Sprüngli and others. The companies are engaging in partnership to increase their reach in the region. For instance, Mondelez entered into a joint venture with Olayan and Khalifa Group in order to increase distribution in Saudi Arabia.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of GCC premium chocolate market, in terms of value and volume.
  • To classify and forecast GCC premium chocolate market based on product type, distribution channel and regional distribution.
  • To identify drivers and challenges for GCC premium chocolate market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in GCC premium chocolate market.
  • To conduct the pricing analysis for GCC premium chocolate market.
  • To identify and analyze the profile of leading players involved in the GCC premium chocolate market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the region.

TechSci Research calculated the market size of GCC premium chocolate market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Premium chocolate manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to premium chocolate market
  • 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 manufacturers, suppliers, and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

  • Market, By Product Type:
    • White Chocolate
    • Milk Chocolate
    • Dark Chocolate
  • Market, By Distribution Channel:

o    Supermarket/Hypermarket

o    Convenience Store

o    Online Store

o    Others

  • Market, By Country:
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman

Competitive Landscape

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

Available Customizations:

With the given market data, TechSci Research offers customizations according 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).
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    GCC Premium Chocolate Market Outlook

5.1.  Market Size & Forecast          

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type (White Chocolate, Milk Chocolate, Dark Chocolate)

5.2.2.     By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Online Store, Others)

5.2.3.     By Country (Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman)

5.2.4.     By Company

5.3.  Saudi Arabia Premium Chocolate Market Outlook

5.3.1.     Market Size & Forecast         By Value

5.3.2.     Market Share & Forecast         By Product Type         By Distribution Channel

5.4.  UAE Premium Chocolate Market Outlook

5.4.1.     Market Size & Forecast         By Value

5.4.2.     Market Share & Forecast         By Product Type         By Distribution Channel

5.5.  Kuwait Premium Chocolate Market Outlook

5.5.1.     Market Size & Forecast         By Value

5.5.2.     Market Share & Forecast         By Product Type         By Distribution Channel

5.6.  Qatar Premium Chocolate Market Outlook

5.6.1.     Market Size & Forecast         By Value

5.6.2.     Market Share & Forecast         By Product Type         By Distribution Channel

5.7.  Bahrain Premium Chocolate Market Outlook

5.7.1.     Market Size & Forecast         By Value

5.7.2.     Market Share & Forecast         By Product Type         By Distribution Channel

5.8.  Oman Premium Chocolate Market Outlook

5.8.1.     Market Size & Forecast         By Value

5.8.2.     Market Share & Forecast         By Product Type         By Distribution Channel

6.    Market Dynamics

6.1.  Drivers

6.2.  Challenges

7.    Market Trends & Developments

8.    Competitive Landscape

8.1.  Company Profiles

8.1.1.     Mondelez International MEA

8.1.2.     Nestle Middle East FZE

8.1.3.     Ferrero Gulf HQ

8.1.4.     Godiva Chocolatier

8.1.5.     Barry Callebaut

8.1.6.     Hotel Chocolat

8.1.7.     The Hershey Company

8.1.8.     Patchi HO UAE

8.1.9.     Chocoladefabriken Lindt & Sprüngli

9.    Strategic Recommendations

10.  About Us & Disclaimer

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

Figures and Tables

Frequently asked questions






Parvati Sharma

Account Manager BD
Press Release

Dark Chocolate Segment to Witness Significant Demand in GCC Premium Chocolate Market through 2024

Nov, 2019

Increasing disposable income and growing demand for chocolate from young population to drive the premium chocolate market of GCC during the forecast period