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Middle East And Africa Cocoa And Chocolate Market By Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate And Filled Chocolate) By Cocoa Type (Cocoa Butter, Cocoa Liquor And Cocoa Powder) By Application (Cosmetics, Pharmaceuticals, Food And Beverage And Confectionery), 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: 2474
Pages: 135

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

The Middle East and Africa Cocoa and Chocolate Market was worth $14.22 billion in 2021 and estimated to be growing at a CAGR of 1.91%, to reach $15.63 billion by 2026. The market is showing potential in the mentioned period. The amount of cocoa decides in which category chocolate falls in. Milk chocolates have the highest share of about 50% of all chocolate consumption but they contain approximately 10% cocoa. Conversely, chocolate is considered as “dark chocolate” if it contains cocoa in excess of 60%.

Market Overview:

The cocoa and chocolate market has been growing at a slow but steady pace. Cocoa provides flavour, texture and colour to products. Also, it has anti-inflammatory, anti-depressant and anti-oxidative properties. The market for these ingredients is increasing in developing economies such as India and China. In specific, dark chocolate contains high amounts of antioxidants, which are believed to prevent certain types of diseases like Cardiac arrest. Health benefits, perceived by people and doctors, have been the main reason behind steady growth for products with high quantities of cocoa.

Powerful growth in demand is unevenly matched against an unstable and unpredictable supply. But chocolate consumers are quite price insensitive. Except in some rare circumstances consumers are ready to purchase cocoa product at any price. The huge demand for chocolate and cocoa in confectionery and food and beverage industries majorly drives the market. The health benefits of cocoa and chocolate in pharmaceuticals and cosmetics has enough evidence to back manufacturers to consider using such ingredients.

Middle East and Africa Cocoa and Chocolate Market Segmentation Analysis:

The Middle East and Africa market for Chocolate and Cocoa is characterized on the basis of Chocolate Type (Milk Chocolate, White Chocolate, Dark Chocolate and Filled Chocolate), by Cocoa type (Cocoa Liquor, Cocoa Butter and Cocoa Powder). Based on Application, the market is further segmented into Food and Beverage, Cosmetics, Pharmaceuticals and Confectionery. The milk and white chocolate segment is anticipated to grow at the highest rate. Israel has the fastest growth rate and has the largest market share in Middle East and Africa. The cocoa liquor segment leads the cocoa market. Consumer awareness about health benefits of cocoa has led to some of the important innovations in the Middle East and Africa cocoa and chocolate industry.

Region Analysis:

Geographically the Middle East and Africa Cocoa and Chocolate 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 Cocoa and Chocolate Market are

  • ADM
  • Cargill
  • Bunge
  • Indcresa
  • Blommer
  • JB Foods Limited
  • Plot Ghana
  • Dutch Cocoa
  • Barry Callebaut
  • Cocoa Processing Company Limited

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                                              

                5.1 Chocolate Type                         

                                5.1.1 Introduction           

                                5.1.2 Dark Chocolate      

                                5.1.3 Milk Chocolate      

                                5.1.4 White Chocolate   

                                5.1.5 Filled Chocolate    

                                5.1.6  Y-o-Y Growth Analysis, By Chocolate Type               

                                5.1.7  Market Attractiveness Analysis, By Chocolate Type             

                                5.1.8  Market Share Analysis, By Chocolate Type               

                5.2 Cocoa Type                 

                                5.2.1 Introduction           

                                5.2.2 Cocoa Butter          

                                5.2.3 Cocoa Liquor          

                                5.2.4 Cocoa Powder       

                                5.2.5 Y-o-Y Growth Analysis, By Cocoa Type        

                                5.2.6 Market Attractiveness Analysis, By Cocoa Type      

                                5.2.7 Market Share Analysis, By Cocoa Type        

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Cosmetics                

                                5.3.3 Pharmaceuticals   

                                5.3.4 Food & Beverage 

                                5.3.5 Confectionery       

                                5.3.6 Y-o-Y Growth Analysis, By Application         

                                5.3.7  Market Attractiveness Analysis, By Application      

                                5.3.8  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 Chocolate Type

                                                6.1.3.3 By Cocoa Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Chocolate Type

                                                6.1.4.3 By Cocoa Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Chocolate Type

                                                6.1.5.3 By Cocoa Type

                                                6.1.5.4 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 Cargill                            

                                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 ADM                              

                8.3 Bunge                           

                8.4 Barry Callebaut                         

                8.5 Plot Ghana                  

                8.6 Dutch Cocoa                               

                8.7 Cocoa Processing Company Limited                 

                8.8 Indcresa                       

                8.9 Blommer                     

                8.10 JB Foods Limited                    

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 Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  2. Middle East & Africa Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  3. Middle East & Africa Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  4. Middle East & Africa White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  5. Middle East & Africa Filled Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  6. Middle East & Africa Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  7. Middle East & Africa Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )
  8. Middle East & Africa Cocoa Liquor Market By Region, From 2022 - 2027 ( USD Billion )
  9. Middle East & Africa Cocoa Powder Market By Region, From 2022 - 2027 ( USD Billion )
  10. Middle East & Africa Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  11. Middle East & Africa Cosmetics Market By Region, From 2022 - 2027 ( USD Billion )
  12. Middle East & Africa Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  13. Middle East & Africa Food & Beverage Market By Region, From 2022 - 2027 ( USD Billion )
  14. Middle East & Africa Confectionery Market By Region, From 2022 - 2027 ( USD Billion )
  15. Middle East Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  16. Middle East Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  17. Middle East Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  18. Africa Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  19. Africa Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  20. Africa Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )

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