UAE Chocolate Market Markets Report 2018-2022 & 2023-2028 Featuring Mondelez, Mars, Nestle, Ferrero, Hershey, Lindt, Ritter Sport, IFFCO, Notions, Patchi, & Yildiz - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "UAE Chocolate Market | Size, Share, Segmentation, Growth, Revenue, Analysis, Forecast, Trends, Industry & COVID-19 IMPACT: Market Forecast By Product Types, By Chocolate Types, By Sales Channels, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The UAE chocolate market size is projected to grow at a CAGR of 8.4% during 2022-28

UAE chocolate market is likely to experience significant growth in the forthcoming period on growing retail sales of confectionery products in UAE coupled with the upcoming 199 hotel projects across the country which would generate demand for chocolates from international visitors.

Furthermore, the upcoming construction of malls and hypermarkets would further expand the sales network thereby supporting the growth in sales of chocolates in the UAE.

Latest 2023 Development of the UAE Chocolate Market

UAE Chocolate Market is growing steadily owing to several growth factors. The market has also witnessed some latest developments and projects which include the introduction of new chocolate brands which offer innovative and unique chocolate products.

The expansion of local chocolate production in the UAE to meet the growing demand for high-quality chocolate is one of the major developments in the chocolate industry.

The demand for organic and artisanal chocolate products is on increasing in the UAE, leading to an increase in the number of speciality chocolate shops and cafes. The growth of modern retail networks such as supermarkets and hypermarkets has made it feasible for consumers to purchase high-quality chocolate products.

The growing trend of gifting premium chocolate products, especially during holidays and special occasions, has also contributed to the UAE chocolate market growth. Apart from this, some chocolate brands are focusing on sustainability and fair-trade practices, using ingredients sourced from sustainable and ethical sources.

Moreover, the growth of online sales channels is rapidly increasing in the UAE which provides customers with an opportune and accessible way to purchase their favourite chocolate products. These are some of the latest developments and projects in the UAE Chocolate Industry, reflecting the demand for innovative, superior quality, and sustainable chocolate products in the country.

UAE Chocolate Market Synopsis

UAE chocolate market witnessed steady growth in the previous few years owing to growth in the retail and hospitality & tourism sectors. The market was impacted negatively in the year 2020 on account of the COVID-19 pandemic outburst, which resulted in a temporary shutdown of retail stores thereby resulting in a decline in chocolate sales. However, the market revived soon and is expected to further grow during the forecast period on account of the expansion of the retail sector and rapid growth in the tourism sector post-covid.

Market by Product Types Analysis

By product types, milk chocolates dominated the UAE chocolate market for the year 2021 owing to variations in product lines with a wider price range. However, dark chocolates would witness significant growth in the coming years on account of rising health concerns among people and numerous health benefits offered by dark chocolates.

Additionally, rising cases associated with mental health would aid the growth of this segment as dark chocolates help to reduce anxiety and clinical depression.

Market by Region Analysis

By regions, Dubai garnered the majority revenue share for the year 2021 and would continue to dominate the market in the coming years owing to the revival of the tourism sector in the region post-covid which witnessed a growth rate of around 32% in international overnight visitors in the year 2021 along with increasing retail sales in the emirate.

Furthermore, Dubai's 2040 plan which focuses on the rapid expansion of its tourism sector coupled with ongoing construction of malls and hypermarkets would aid the growth of the UAE chocolate market during the forecast period.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• UAE Chocolate Market Overview
• UAE Chocolate Market Outlook
• UAE Chocolate Market Forecast
• Historical Data and Forecast of UAE Chocolate Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of UAE Chocolate Market Revenues, By Product Types for the Period 2018-2028F
• Historical Data and Forecast of UAE Chocolate Market Revenues, By Chocolate Types for the Period 2018-2028F
• Historical Data and Forecast of India Chocolate Market Revenues, By Sales Channels for the Period 2018-2028F
• Historical Data and Forecast of India Chocolate Market Revenues, By Regions for the Period 2018-2028F
• Covid-19 Impact on UAE Chocolate Market
• UAE Chocolate Market Drivers and Restraints
• UAE Chocolate Market Trends
• UAE Chocolate Market PESTLE Analysis
• UAE Chocolate Market Porter's Five Forces
• UAE Chocolate Market Industry Life Cycle
• UAE Chocolate Market -Consumer Analysis
• UAE Chocolate Market - Key Untapped Areas to Explore
• UAE Chocolate Market Import-Export Trade Statistics
• UAE Chocolate Market Opportunity Assessment
• UAE Chocolate Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Company Profiles

• Mondelez International, Inc.
• Mars, Incorporated
• Nestle S.A.
• Ferrero Group
• The Hershey Company
• Chocoladefabriken Lindt & Sprungli AG
• Ritter Sport Company
• IFFCO Group
• Notions Group
• Patchi
• Yildiz Holding

Market Scope and Segmentation

By Product Types

• Milk
• White
• Dark

By Chocolate Types

• Count Lines & Straight Lines
• Molded or Bar
• Choco-Panned & Sugar Panned
• Others (Box Chocolates, Novelties)

By Sales Channels

• Online
• Offline

By Regions

• Abu Dhabi
• Dubai
• Sharjah
• Ajman
• Umm-Al-Quwain
• Fujairah
• Ras Al Khaimah
• Al Ain

For more information about this report visit https://www.researchandmarkets.com/r/55rjbd-chocolate?w=4-chocolate?w=4

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