Middle East and Africa Cocoa Market Report and Forecast 2025-2034

Middle East and Africa Cocoa Market Size

The Middle East and Africa cocoa market cocoa market is projected to grow at a CAGR of 6.6% between 2024 and 2032.

Middle East and Africa Cocoa Market Outlook

• According to the World Bank, the Middle East and Africa had a population of 493,279,469 with 30% belonging to the 0 to 14 age group in 2022.

• According to the Federal Government of Nigeria, cocoa production is set to increase from 340,000 tons to 500,000 tons by 2024.

• As of 2022, the Middle East and Africa region had a GDP per capita of $8,973, according to the World Bank.

Middle East and Africa Cocoa Market Growth

The food and beverage sector in the Middle East and Africa extensively utilises cocoa in various forms. Cocoa seeds are used as powder and butter to impart good colour and texture to food products and enhance their taste. Cocoa plays a crucial role in the bakery sector, adding colour and richness to a variety of baked goods. The inclusion of cocoa in products like cakes, cookies, pastries, brownies, and muffins provides a characteristic flavour and taste. In the dairy industry, cocoa enhances the flavour profile of numerous products.

In March 2024, Bunge launched Coberine 206 in Asia and the Middle East. This shea-based cocoa butter equivalent (CBE) addresses shelf-life challenges in soft chocolate and ganache products. Combine 206 offers a premium taste, extends the shelf life of products up to 12 months, and reduces storage costs. This innovation aims to revolutionise the artisanal chocolate market in these regions.

In the cosmetics industry, cocoa butter is highly valued for its moisturising properties, making it a common ingredient in products such as lotions, creams, lip balms, and soaps. In the pharmaceutical industry, cocoa extracts and derivatives are incorporated into health supplements and medicinal products to capitalise on cocoa's potential health benefits, including its antioxidant properties, reducing cancer risks, and its role in promoting cardiovascular health.

Middle East and Africa Cocoa Market Segmentation

Middle East and Africa Cocoa Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Cocoa Butter

• Cocoa Powder

• Cocoa Liquor

Market Breakup by Application

• Food and Beverages

• Cosmetics and Pharmaceutical

• Others

Market Segmentation by Country

• Saudi Arabia

• United Arab Emirates

• Nigeria

• South Africa

• Others

Middle East and Africa Cocoa Market Share

The cocoa market is segmented by type into cocoa butter, cocoa powder, and cocoa liquor. In the Middle East and Africa, cocoa butter products are used to provide smooth textures and rich flavours, essential for high-quality chocolate and skincare products. Over the forecast period, the cocoa powder segment is expected to witness significant growth, driven by increasing demand for cocoa-infused baked goods and beverages due to changing consumer preferences and dietary habits. This rise in demand is fuelled by cocoa powder's versatility and its health benefits.

Leading Companies in the Middle East and Africa Cocoa Market

• Cargill Inc.

• Barry Callebaut AG

• Hershey Co.

• Nestle S.A.

• Mondelez International, Inc.

• BASF SE

• Buhler AG

• Olam International Ltd

• Ferrero International S.A.

• Mars Inc.

• Others

Major companies in the cocoa market are enhancing their market share by focusing on sustainability and innovation. They invest in responsible sourcing and support for cocoa farmers, ensuring a stable supply chain. Additionally, companies are expanding their product portfolios to cater to evolving consumer preferences and health trends. These strategies help them meet growing demand and strengthen their market positions.

Key Highlights of the Report