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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1428508

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1428508

UAE Chocolate Market, By Product Type ; By Distribution Channel, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

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UAE Chocolate Market Size Expands at Significant CAGR of 7.29% to Touch USD 690 Million by 2030

UAE Chocolate Market is flourishing due to a spurring demand for customized chocolate assortments and personalized packaging from the growing youth and working population with increasing disposable income, rapid urbanization, and sustainable practices.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Chocolate Market size at USD 421.32 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the UAE Chocolate Market size to expand at a CAGR of 7.29% reaching a value of USD 689.68 million by 2030. Chocolate market in the UAE is propelled by the rising popularity of confectionery snack types, leading to an increased demand for chocolates among consumers. Premium brands, benefiting from an affluent consumer base, are strategically positioned to either sustain or augment their retail value shares, thereby supporting overall market growth. Another driving force is the consumer preferences in the UAE lean toward gifting premium boxed chocolates, characterized by diverse shapes, sizes, and attractive packaging, over traditional sweets. The trend has paved the way for the entry and flourishing presence of global premium chocolate brands, such as Godiva, within the country. Also, the tourism industry in Dubai, Abu Dhabi, and other Tier-1 cities in the UAE has experienced substantial expansion, solidifying their positions as sought-after luxury tourism destinations. This surge in tourism has resulted in an increasing consumption of regional confectionery, particularly chocolates, with tourists frequently choosing chocolate items as gifts for their friends and family. In response to the growing demand, chocolate manufacturers are strategically introducing single-origin and premium chocolate line-ups. These innovative strategies not only contribute to higher profit margins but also foster a more positive brand image. Consequently, these initiatives act as significant drivers for market growth in the region, reflecting the dynamic interplay between consumer preferences, tourism trends, and industry innovations.

Opportunities - Growing market for premium chocolates

As global awareness about health and well-being rises, there has been a noticeable change in consumer preferences within the UAE Chocolate Market, with an increasing inclination toward premium dark chocolates. Dark chocolate is often perceived as a healthier option compared to milk chocolate, attributed to its lower sugar content and potential health advantages, including antioxidants. The UAE consumer base is displaying a growing awareness of health considerations and actively seeking products that align with their dietary preferences. In response to this demand, numerous chocolate manufacturers are introducing a diverse range of dark chocolate products, featuring varying cocoa content, ranging from mildly dark to extra dark. These chocolates are not only marketed for their delightful taste but also for their perceived health benefits. The surge in demand for premium dark chocolates has prompted collaborations between chocolate makers and nutritionists, resulting in the creation of products that promise both flavor and health advantages. The trend is contributing to the continued growth of the chocolate market in the UAE.

Impact of Geopolitical Tensions on UAE Chocolate Market

The UAE Chocolate Market is impacted by geopolitical tensions in several ways. The conflict between Israel and Hamas has triggered Houthi attacks in the Red Sea, disrupting shipping lines and causing delays and increased costs for maritime cargo transportation. This ripple effect extends to commodities like edible oils, African coffee beans, and Russian wheat exports, potentially affecting the overall supply chain. Simultaneously, the ongoing war in Ukraine raises concerns about the safety of vessels and its impact on the transportation of goods from Black Sea ports, including critical Ukrainian grain exports. Geopolitical uncertainties also cast a shadow over the cocoa market, with adverse weather conditions in West Africa leading to increased prices for chocolate makers and potential cost escalations for consumers. These challenges contribute to a complex and uncertain landscape for the UAE Chocolate Market.

UAE Chocolate Market

Segmental Information

UAE Chocolate Market - By Distribution Channel

Based on distribution channel, the UAE Chocolate Market is divided into Supermarkets/Hypermarkets, Convenience/Grocery Stores, Specialty Stores, and Online Retail Stores segments. The online retail stores segment holds the highest share in the UAE Chocolate Market by distribution channel. The UAE Chocolate Market has witnessed a significant evolution, notably marked by the dominance of online sales channels. This digital transformation has revolutionized how consumers acquire their favorite chocolate products, now constituting a substantial share in the UAE market. A key driver behind the surge of online sales in the UAE chocolate market is the rapid digitalization of the region. Positioned at the forefront of technological advancements, the UAE boasts a high internet penetration rate and an increasingly tech-savvy population, providing a conducive environment for the flourishing of online shopping platforms. Chocolate manufacturers and retailers have adeptly capitalized on this trend. Online shopping offers consumers the convenience of exploring diverse chocolate brands and products from anywhere, with just a few clicks enabling them to compare prices, read reviews, and make informed decisions. The accessibility and convenience make online sales channels an appealing option for a wide range of consumers, from busy professionals to families and individuals.

Competitive Landscape

The UAE Chocolate Market is fragmented, with numerous players serving the market. The key players dominating the UAE Chocolate Market include Nestle, Mondelez International, Ferrero, Notions Group, Al Nassma, IFFCO, Barry Callebaut, Kakaw Manufacturing, Al Sham Chocolate Manufacturing, Le Chocolat LLC, Zokolat, and Chocolatier. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the UAE Chocolate Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Chocolate Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24102

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. UAE Chocolate Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • Increasing disposable income, urbanization, and a growing young population
      • Customized chocolate assortments and personalized packaging.
      • Sustainable practices
    • 3.2.2. Restraints
      • Health concerns
      • Fluctuating raw material prices
    • 3.2.3. Opportunities
      • Premium chocolate market
      • E-commerce expansion
      • Export potential
    • 3.2.4. Challenges
      • Intense competition
      • Hot climate impact
  • 3.3. Technological Advancements/Recent Developments
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. UAE Chocolate Market: Marketing Strategies

5. UAE Chocolate Market Overview

  • 5.1. Market Product Type & Forecast, 2019-2030
    • 5.1.1. By Value (USD Billion)
  • 5.2. Market Share and Forecast
    • 5.2.1. By Product Type
      • Softlines/Selflines
      • Boxed Assortments
      • Countlines
      • Molded Chocolates
      • Others
    • 5.2.2. By Distribution Channel
      • Supermarkets/Hypermarkets
      • Convenience/Grocery Stores
      • Specialty Stores
      • Online Retail Stores
      • Others

6. Competitive Landscape

  • 6.1. List of Key Players and Their Offerings
  • 6.2. UAE Chocolate Market Share Analysis, 2023
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

7. Impact of Escalating Geopolitical Tensions on UAE Chocolate Market

8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

  • 8.1. Nestle
  • 8.2. Mondelez International
  • 8.3. ferrero
  • 8.4. Notions Group
  • 8.5. Al Nassma
  • 8.6. IFFCO.
  • 8.7. Barry Callebaut
  • 8.8. Kakaw Manufacturing
  • 8.9. Al Sham Chocolate Manufacturing
  • 8.10. Le Chocolat LLC
  • 8.11. Zokolat
  • 8.12. Chocolatier
  • 8.13. Other Prominent Players

9. Key Strategic Recommendations

10. Research Methodology

  • 10.1. Qualitative Research
    • 10.1.1. Primary & Secondary Research
  • 10.2. Quantitative Research
  • 10.3. Market Breakdown & Data Triangulation
    • 10.3.1. Secondary Research
    • 10.3.2. Primary Research
  • 10.4. Breakdown of Primary Research Respondents, By Distribution Channel
  • 10.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC24102

List of Figures

  • Figure 1 UAE Chocolate Segmentation
  • Figure 2 UAE Chocolate Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2023
  • Figure 4 UAE Chocolate Market Product Type, By Value (USD Billion), 2019-2030
  • Figure 5 UAE Chocolate Market Share, By Product Type, By Value, 2019-2030
  • Figure 6 UAE Chocolate Market Share, By Distribution Channel, By Value, 2019-2030

List of Tables

  • Table 1 UAE Chocolate Market Product Type, By Value (USD Billion), 2019-2030
  • Table 2 UAE Chocolate Market Share, By Product Type, By Value, 2019-2030
  • Table 3 UAE Chocolate Market Share, By Distribution Channel, By Value, 2019-2030
  • Table 4 Nestle Company Overview
  • Table 5 Nestle Financial Overview
  • Table 6 Mondelez International Company Overview
  • Table 7 Mondelez International Financial Overview
  • Table 8 ferrero Company Overview
  • Table 9 ferrero Financial Overview
  • Table 10 Notions Group Company Overview
  • Table 11 Notions Group Financial Overview
  • Table 12 Al Nassma Company Overview
  • Table 13 Al Nassma Financial Overview
  • Table 14 IFFCO. Company Overview
  • Table 15 IFFCO. Financial Overview
  • Table 16 Barry Callebaut Company Overview
  • Table 17 Barry Callebaut Financial Overview
  • Table 18 Kakaw Manufacturing Company Overview
  • Table 19 Kakaw Manufacturing Financial Overview
  • Table 20 Al Sham Chocolate Manufacturing Company Overview
  • Table 21 Al Sham Chocolate Manufacturing Financial Overview
  • Table 22 Le Chocolat LLC Company Overview
  • Table 23 Le Chocolat LLC Financial Overview
  • Table 24 Zokolat Company Overview
  • Table 25 Zokolat Financial Overview
  • Table 26 Chocolatier Company Overview
  • Table 27 Chocolatier Financial Overview
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Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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