Middle East And Africa Chocolate Based Spreads Market

Middle East and Africa Chocolate Based Spreads Market Research Overview:

Middle East and Africa Chocolate-Based Spreads Market was worth USD xx billion in 2022 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027.

Chocolate spread is a sweet chocolate-flavored paste that is eaten mostly spread on toasts and bread or similar grain products such as waffles, muffins, pancakes, and pitas.Although chocolate spreads taste, smell, and look like chocolate, they do not solidify, even at room temperature. The paste typically contains cocoa and palm or vegetable oil, and is also likely to contain sugar, milk and additional flavors. At times, it also includes nuts such as ground hazelnuts or honey. Chocolate spread is normally sold in plastic tubs or glass jars.

REPORT COVERAGE:

MEA Chocolate Based SpreadsMarket Drivers:

The key driving factors of the Middle East and Africa Chocolate Based Spreads market are shifting consumer taste preferences and growing spending on chocolate and other confectionery products. Growing urbanization, widespread availability of chocolate and growing awareness about the various health benefits which can be obtained from the consumption of chocolate and derived products will remain another key factor fuelling the market for chocolate-based spreads the Middle East and Africa. The chief constraint of the market is the uncertain economy of the cocoa supply which is likely to raise chocolate prices.

MEA Chocolate Based Spreads Market Segmentation Analysis:

• UAE

• Israel

• KSA

• South Africa

• Egypt

The Middle East and Africa Chocolate Based Spreads market is segmented based on type into milk chocolate, dark chocolate, and white chocolate. Milk chocolate is expected to have the largest share in the segment. By frequency of sale, the market is categorized into premium chocolate, daily chocolate, and seasonal chocolate. Daily chocolate leads the market in this segment. By distribution channel, the market is divided into supermarkets and hypermarkets, grocery stores, speciality stores and online retail.

MEA Chocolate Based Spreads Market Regional Analysis:

• UAE

• Israel

• KSA

• South Africa

• Egypt

The market in this region can be geographically segmented into the Middle East and Africa regions. In this region, Brazil has the largest market share. Factors such as rising disposable incomes and changing consumer preferences are expected to propel market growth in the region.

MEA Chocolate Based Spreads Market Key Players:

1. J.M. Smucker

2. Kraft Foods

3. Unilever Group

4. ConAgra Foods Inc

5. Ferrero Group, Hershey Co.,

6. B & G Foods Inc.

7. Nestle

8. Wellness Food

9. Premier Foods among others