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.
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1.     Product Overview

2.     Research Methodology

3.     Impact of COVID-19 on Saudi Arabia Chocolate Market

4.     Executive Summary

5.     Voice of Customer

5.1.   Factors Influencing Purchase Decision

5.2.   Product Awareness

5.3.   Brand Awareness

6.     Global Chocolate Market Overview

7.     Saudi Arabia Chocolate Market Outlook

7.1.   Raw Material Analysis

7.2.   Market Size & Forecast

7.2.1.  By Value & Volume

7.3.   Market Share & Forecast

7.3.1.  By Type (Milk, White & Dark Chocolate)

7.3.2.  By Category (Countline, Tablet, Boxed and Others)

7.3.3.  By Age Group (5-14 Years, 15-24 Years, 25-54 Years, 55 Years and Above)

7.3.4.  By End User (Retail Vs Food Processing Vs Food Service Industry)

7.3.5.  By Distribution Channel (Groceries, Hypermarket/Supermarkets, Convenience Stores, Chocolate Boutiques, Online Retail & Others)

7.3.6.  By Region

7.3.7.  By Company

8.     Saudi Arabia Milk Chocolate Market Outlook

8.1.   Market Size & Forecast

8.1.1.  By Value & Volume

8.2.   Market Share & Forecast

8.2.1. By Category

8.2.2. By Age Group

8.3.   Pricing Analysis

9.     Saudi Arabia White Chocolate Market Outlook

9.1.   Market Size & Forecast

9.1.1.  By Value & Volume

9.2.   Market Share & Forecast

9.2.1. By Category

9.2.2. By Age Group

9.3.   Pricing Analysis

10.  Saudi Arabia Dark Chocolate Market Outlook

10.1.              Market Size & Forecast

10.1.1.    By Value & Volume

10.2.              Market Share & Forecast

10.2.1.   By Category

10.2.2.   By Age Group

10.3.              Pricing Analysis

11.  Saudi Arabia Chocolate Market: Supply Chain Analysis

12.  Market Dynamics

12.1.  Drivers/Opportunities

12.2.  Challenges/Pitfalls

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Saudi Arabia Economic Profile

16.  Competitive Landscape

16.1.Company Profiles

16.1.1.   Krafts Foods

16.1.2.   Mars Inc.

16.1.3.   Nestle

16.1.4.   Hershey Foods Corporation

16.1.5.   Shirin Asal Company

16.1.6.   Ferrero Group

16.1.7.   Unilever Group Strauss Elite

17.  Strategic Recommendations

18.  About Us & Disclaimer

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