Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

UAE Chocolate Market Outlook

The UAE chocolate market size was valued at USD 736.40 million in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 1165.44 million by 2032.

Key Takeaways

  • The UAE chocolate market growth is driven by the health benefits of dark chocolate, increased demand for chocolate in various applications such as confectionery and flavoured eatables, and rising demand for chocolate as a token of love and appreciation.
  • As per industry reports, online retailers and chocolate brands have introduced innovative marketing strategies, such as personalised recommendations, subscription services, and limited-edition releases, which have resonated well with UAE consumers, who appreciate the tailored shopping experience.
  • The most popular types of chocolate in the UAE include milk chocolate, dark chocolate, and white chocolate. According to a survey conducted by YouGov in partnership with Deliveroo, 43% of UAE residents prefer milk chocolate, while 40% prefer dark chocolate.

The market is experiencing a surge in demand for premium and artisanal chocolates. This trend is driven by consumers seeking unique flavours, quality ingredients, and sustainable production practices. Mirzam Chocolate Makers, a Dubai-based artisanal chocolate brand, offers a range of single-origin chocolates with exotic flavours like cardamom, saffron, and rose.

The growing awareness of health and wellness is driving the demand for healthier chocolate options, such as sugar-free, organic, and dark chocolates. Consumers appreciate the rich, bittersweet taste and the association of dark chocolate with luxury and sophistication. The Raw Chocolate Company, a UK-based brand, offers a range of raw, organic, and vegan chocolate products in the UAE. This trend is leading to collaborations between chocolate makers and nutritionists to create products that offer both taste and health benefits, further influencing UAE chocolate market development.

The market offers a variety of pure chocolate products, including soft lines, boxed assortments, count lines, and moulded chocolates. Rising expenditure on sugar confectionery products, the influx of premium global brands, and the demand for artisanal chocolates are driving growth in the pure chocolate segment. Major companies making pure chocolates are Nestle SA, Mondelēz International, Ferrero Group, Mars Incorporated, and Chocoladefabriken Lindt.

Compound chocolates in the UAE market are cocoa products containing cocoa butter substitutes (CBS) or cocoa butter equivalent (CBE). They are often made with hard or semi-solid fats like coconut oil and palm kernel oil. These chocolates are used in bakery products, confectionery, frozen desserts and ice cream, beverages, cereals, and other applications. As per the UAE chocolate market analysis, segment’s growth is driven due to their functionality at a lower price, demand for healthy ingredients, and the increasing popularity of single-origin and certified chocolates. Major companies making compound chocolates include Barry Callebaut, Aalst Wilmar Pte Ltd, AAK, Cargill Incorporated, and Clasen Quality Chocolate Inc.

UAE Chocolate Market

Market Segmentation

UAE Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate

Market Breakup by Product Type

  • Pure Chocolate
  • Compound Chocolate

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Market Breakup by Region

  • Dubai
  • Abu Dhabi
  • Others

Competitive Landscape

Companies are introducing premium chocolates with distinct flavours and organic components, to maintain their competitiveness.

  • Mondelez International, Inc.
  • Ferrero International S.A. 
  • Nestlé S.A. 
  • The Hershey Company  
  • Barry Callebaut AG 
  • Zokolat 
  • IFFCO Group  
  • Chocoladefabriken Lindt & Sprüngli AG  
  • August Storck KG 
  • Le Chocolat LLC 
  • LEE Chocolate 
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product Type
  • Distribution Channel
  • Region
Breakup by Type
  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate
Breakup by Product Type
  • Pure Chocolate
  • Compound Chocolate
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
Breakup by Region
  • Dubai
  • Abu Dhabi
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mondelez International, Inc.
  • Ferrero International S.A. 
  • Nestlé S.A. 
  • The Hershey Company  
  • Barry Callebaut AG 
  • Zokolat 
  • IFFCO Group  
  • Chocoladefabriken Lindt & Sprüngli AG  
  • August Storck KG 
  • Le Chocolat LLC 
  • LEE Chocolate 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 736.40 million.

The market is expected to grow at a CAGR of 5.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1165.44 million by 2032.

The market is being driven due to the increased demand for chocolate-based baked goods and desserts, rising disposable incomes, rising demand for chocolate as a token of love and appreciation and, confectioneries, and western desserts, etc.

Key trends aiding the market expansion include emerging popularity of organic, vegan, and sugar-and gluten-free chocolates in various baked goods and growing popularity of nut-infused chocolates.

Regions considered in the market are Dubai and Abu Dhabi, among others.

Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, and online stores, among others.

Dark chocolate, milk chocolate, and white chocolate are considered in the report.

Key players in the market are Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., The Hershey Company, Barry Callebaut AG, Zokolat, IFFCO Group, Chocoladefabriken Lindt & Sprüngli AG, August Storck KG, Le Chocolat LLC, and LEE Chocolate, among others.

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