Saudi Arabia Chocolate Market By Type (Milk, White & Dark Chocolate), By Category (Countline, Tablet, Boxed and Others), By Age Group (5-14 Years, 15-24 Years, 25-54 Years, 55 Years and Above), By End User End User (Retail Vs Food Processing Vs Food Service Industry), By Distribution Channel (Supermarket/Hypermarket, Grocery Retail, Discount Store, Online, & Others), Competition Forecast & Opportunities, 2017 – 2027

Saudi Arabia chocolate market is projected to grow at a CAGR of over 2%, in value terms, during 2023-2027.  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 2021 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.

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