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Middle East And Africa Chocolate Flavors Market By Application (Confectionery, Bakery Products, Frozen Products, Dairy Products, Convenience Products, Others), and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 2333
Pages: 145

Middle East and Africa Chocolate Flavors Market Growth and Forecast (2022 - 2027):

Middle East and Africa Chocolate Flavors Market is estimated to reach USD 9.29 million by 2026 from a market value of USD 7.24 million in 2021 at a CAGR of 4.68%. The Chocolate Flavors market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the extensive use of chocolates in various application in industries like functional foods and pharmaceuticals.

Market Overview:

Chocolate flavors are one of the most important ingredient in various food and beverage production. They are generally known for their high cocoa content and are typically sweet. They have various health related benefits as well like reducing incidences of high blood pressure or cholesterol and also the risks of strokes.  These are extensively used in bakery, dairy products etc.

Drivers and Restraints:

The growing market of Fairtrade and organic chocolates has in turn led to growth of chocolate flavors market. Further, other factors driving the market growth are health benefits related to chocolates, wide range of applications, and the penetration in emerging economies. Beside these, there are also factors restraining the market growth. These include, dependence on African countries for raw material supply, unstable economies in cocoa producing countries, as well as changing preferences of the consumers. These factors are responsible for holding the market down from achieving its full potential.

Middle East and Africa Chocolate Flavors Market Segmentation Analysis:

The Middle East & Africa Chocolate Flavors market is segmented based on application and geography. The market is segmented on the basis of application under Confectionery, Frozen Products, Dairy Products, Bakery Products, Convenience Products, Others. The bakery products dominated the market share because of the rise in consumption of baked products across the globe.

Region Analysis:

Geographically the Middle East and Africa Chocolate Flavors Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA.

Key Players in the Market:

Major Key Players in the MEA Chocolate Flavors Market are

  • Barry Callebaut
  • Archer Daniels Midland Company
  • Blommer Chocolate Company
  • CEMOI Group
  • Cargill, Incorporated
  • Frutarom Industries Ltd
  • International Flavors & Fragrances Inc
  • Givaudan S.A
  • Puratos Group
  • Olam International Ltd

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation

5.1By Application

5.1.1 Introduction

5.1.2 Confectionery

5.1.3 Dairy & Hot Drinks

5.1.4 Bakery Products

5.1.5 Frozen Products

5.1.6 Convenience Products

5.1.7 Other Food Products

5.1.8 Y-o-Y Growth Analysis, By Application

5.1.9 Market Attractiveness Analysis, By Application

5.1.10 Market Share Analysis, By Application  

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                6.2 Middle-East                                

                6.3 Africa                            

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services  

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Archer Daniels Midland Company                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Barry Callebaut                         

                8.3 Blommer Chocolate Company                            

                8.4 Cargill Incorporated                

                8.5 CEMOI Group                            

                8.6 Frutarom Industries Ltd.                       

                8.7 Givaudan S.A                             

                8.8 International Flavors & Fragrances Inc.                           

                8.9 Olam International Ltd.                         

                8.10 Puratos Group                        

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures  

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. Middle East & Africa Chocolate Flavors Market By Application, From 2022 - 2027 ( USD Million )
  2. Middle East & Africa Confectionery Market By Region, From 2022 - 2027 ( USD Million )
  3. Middle East & Africa Bakery Products Market By Region, From 2022 - 2027 ( USD Million )
  4. Middle East & Africa Frozen Products Market By Region, From 2022 - 2027 ( USD Million )
  5. Middle East & Africa Dairy Products Market By Region, From 2022 - 2027 ( USD Million )
  6. Middle East & Africa Convenience Products Market By Region, From 2022 - 2027 ( USD Million )
  7. Middle East & Africa Others Market By Region, From 2022 - 2027 ( USD Million )
  8. Middle East Chocolate Flavors Market By Application, From 2022 - 2027 ( USD Million )
  9. Africa Chocolate Flavors Market By Application, From 2022 - 2027 ( USD Million )

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