As on date of
publishing, this report will capture the impact assessment of COVID-19 on this
market and the same will be considered in our market forecast model. Clients
purchasing this report between April and June 2020 will be getting a ‘free’
updated market data excel sheet between July and September 2020 accounting for
the impact of COVID-19 on the market in the current year 2020 and forecast.
Saudi Arabia chocolate market is
projected to grow at a CAGR of over 2%, in value terms, during 2021-2025. High consumption
of milk and related products, growing
demand for confectionery
products, increasing number of foreign players in the market will further spur the growth of the chocolate
market in the country. However, due to high content of sugar which leads to
obesity people are looking for healthier options.
Saudi Arabia chocolate market is
segmented based on type, category, distribution channel and region. Based on
type, milk chocolates dominated the market in 2019 and the trend is likely to
continue as well. Due to the health benefits of dark chocolate and heart
diseases reducing properties, dark chocolate has also shown demand in the
market. Based on category, countlines dominated the market as they are easy snacking
option.
Some of the major players operating in the Saudi Arabia
chocolate market are Krafts
Foods, Mars Inc, Nestle, Hershey Foods Corporation, Shirin Asal Company, Ferrero
Group, Unilever Group Strauss Elite.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
·
To
analyze and forecast market size of the Saudi Arabia chocolate market, in terms
of value & Volume.
·
To
define, classify and forecast the Saudi Arabia chocolate market on the basis of
type, category, age group, end user, distribution channel and region.
·
To
scrutinize the detailed market segmentation and forecast the market size, in
terms of value, on the basis of type segmenting Saudi Arabia Chocolate market,
namely, milk, white & dark
chocolate.
·
To
identify tailwinds and headwinds for the Saudi Arabia chocolate market.
·
To
examine competitive developments such as expansions, new product launches,
supply contracts, and mergers & acquisitions in the Saudi Arabia chocolate
market.
·
To
evaluate competitor pricing, average market selling prices and trends in the Saudi
Arabia chocolate market.
·
To
strategically profile the leading players, which are involved in the supply of chocolates.
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TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of chocolate manufacturers and suppliers in Saudi Arabia.
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 was able to
include manufacturers that could not be identified due to the limitations of secondary
research. TechSci Research analysed product offerings, distributing channel and
regional of all major Chocolate suppliers across the country.
TechSci
Research calculated the market size for the Chocolate market using a bottom-up
approach, where manufacturers’ value sales data for different types of (milk,
white & dark chocolate), chocolate was recorded as well as forecast for the
future years was made. TechSci Research sourced these values from industry experts
and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as company annual
reports, white papers, investor presentations and financial reports were also used
by the TechSci Research.
Key Target Audience:
- Saudi
Arabia Chocolate manufacturers
- Saudi
Arabia Chocolate suppliers
- Research
organizations and consulting companies
- Associations,
organizations, associations and alliances related to chocolate product manufacturing
- Government
bodies such as regulating authorities and policy makers
- Industry
associations
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders, such as chocolate
manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five
years) in order to strategize investments and capitalize on growth of the
market.
Report Scope:
In this report, Saudi Arabia Chocolate market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Saudi
Arabia Chocolate Market, by Type:
- Saudi
Arabia Chocolate Market
- Milk
- White
- Dark
Chocolate
- Saudi
Arabia Chocolate Market, by Category:
- Countline
- Tablet
- Boxed
- Others
- Saudi
Arabia Chocolate Market, by Distribution Channel:
- Groceries
- Hypermarket/Supermarkets
- Convenience Stores
- Chocolate Boutiques
- Online Retail
- Others
- Saudi
Arabia Chocolate Market, by Region:
- Central
Region
- Western
Region
- Eastern
Region
- Northern
Region
- Southern
Region
Competitive Landscape
Competition Benchmarking: Benchmarking of
leading 10 players.
Company Profiles: Detailed analysis of the major
companies present in the Saudi Arabia chocolate market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to the company’s specific needs. The following
customization options are available for the report:
Channel Partner Analysis
- Detailed
list of distributors and dealers across the country.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Product Information
- Detailed
analysis of new products in the market and their driving forces in the
market.
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 sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com