Over the last few years, the demand for chocolates in the UAE
has been growing on account of increasing young population, rising per capita
income coupled with various new domestic and international chocolate companies
foraying the market. Demand for dark chocolates has been growing as they are
rich in antioxidants, and have the potential to prevent cardiac diseases as
well as several other diseases. Furthermore, rising standard of living in the
country has brought the social status of chocolate down from a luxury to an
everyday commodity. Expanding distribution channels, growing number of point of
sales, increasing trend of setting up exclusive stores and sales through online
channels are few of the major factors anticipated to further boost demand for
chocolates in the UAE over the next five years. However, fluctuating raw
material prices, dependency on unstable markets for supply of cocoa,
counterfeit products, and growing health concerns are the major challenges
restricting the growth of the UAE chocolate market.
According to “UAE
Chocolates
Market By Type, By Age Group, By Point of Sale, Competition Forecast and
Opportunities, 2011 – 2021”, the chocolate
market in the UAE is projected to grow at a CAGR of over 8% during 2016 – 2021.
The country’s chocolate market has been segmented into three categories,
namely, countline, molded and boxed chocolates. Among these categories, the
countline segment dominated the UAE chocolate market in 2015, and the segment is
anticipated to maintain its dominance over the next five years as well.
However, boxed chocolate segment is anticipated to grow at faster pace over the
next five years, owing to growing demand for premium chocolates from high
income consumers. Region-wise, Dubai was the largest chocolate market in the
UAE in 2015, on account of high urbanization and increasing number of tourists.
Few of the leading players operating in the UAE chocolate market include Mars
GCC, Ferrero SpA, Nestlé Middle East, Mondelez Middle East and Africa FZE, and Lindt
& Sprüngli, among others. “UAE Chocolates
Market By Type, By Age Group, By Point of Sale, Competition Forecast and
Opportunities, 2011 – 2021” discusses the following aspects related to chocolate market
in the UAE:
- UAE Chocolate Market Size, Share
& Forecast
- Segmental Analysis – By Type
(Countline, Molded & Boxed), By Age Group (5 to 14 years, 15 to 24 years,
25 to 54 years, and 55 years & above), By Point of Sale (Hypermarket/
Supermarket, Convenience Stores, Chocolate Boutiques, Online Retail &
Others)
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging
Opportunities
- Competitive Landscape & Strategic
Recommendations
Why You Should Buy This Report?
- To gain
an in-depth understanding of the UAE chocolate market
- To
identify the on-going trends, and anticipated growth over the next five years
- To help
industry consultants, chocolate manufacturers, distributors and dealers align
their market-centric strategies
- To obtain
research-based business decisions and add weight to presentations and marketing
material
- To gain
competitive knowledge of leading market players
- To avail
10% customization in the report without any extra charges and get research data
or trends added in the report as per the buyer’s specific needs
Report Methodology
The information contained in this report is
based upon both primary and secondary sources. Primary research included
interviews with the UAE chocolate companies and industry experts. Secondary
research included an exhaustive search of relevant publications like company
annual reports, financial reports and other proprietary databases.