Market Forecast By Cocoa Types (Cocoa Butter, Cocoa Powder, Cocoa Liquor), By Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate, Filled Chocolate), By Applications (Confectionery, Food & Beverage, Cosmetics, Pharmaceuticals), By Distribution Channel (Offline , Online ) And Competitive Landscape
Product Code: ETC018972 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Egypt Chocolate and Cocoa Products Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Confectionery |
The Egypt Chocolate and Cocoa Products Market report thoroughly covers the market by Cocoa Type, Chocolate Type, Applications, and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt Chocolate and Cocoa Products Market has experienced steady growth in recent years, driven by increasing consumer demand for confectionery products. The market is expected to continue its upward trend due to factors such as rising disposable incomes, changing consumer preferences, and government initiatives promoting the development of the cocoa industry.
According to 6Wresearch, the Egypt Chocolate and Cocoa Products Market size is expected to grow at a significant CAGR of 6% during 2025-2031. One of the main drivers of the Egypt chocolate and cocoa products market is the expanding middle-class population in the country. With a growing economy and increasing purchasing power, more consumers are able to afford higher quality and premium chocolate products. Furthermore, the trend of indulgence and gifting has also contributed to the growth of the chocolate and cocoa products market in Egypt. Additionally, the growing popularity of modern retail channels such as supermarkets, hypermarkets, and convenience stores has made it easier for consumers to access a wide range of chocolate products. This has also led to an increase in impulse purchases, further driving the growth of the market.
One major challenge is the high import tariffs on raw materials and finished products, which can make it expensive for manufacturers to produce and sell their products in the country. Another challenge is the growing concern over health and wellness, leading to a shift towards healthier eating habits.
Some of the major players in the Egyptian chocolate and cocoa industry include Mars Wrigley Confectionery, Nestle SA, Mondelez International Inc., Ferrero Group, Hershey Co., Cargill Inc., ADM Cocoa, Barry Callebaut AG, Olam International Ltd., and Petra Foods Ltd. These companies not only dominate the domestic market but also have a significant presence in the global market, exporting their products to various countries around the world.
One of the major initiatives taken by the government is the establishment of a dedicated department for cocoa and chocolate within the Ministry of Agriculture and Land Reclamation. The government has also been providing financial incentives and subsidies to local farmers to encourage them to grow more cocoa trees. Moreover, the government has been actively promoting local chocolate and cocoa products through various trade fairs and exhibitions. Additionally, the government has been working on improving infrastructure and logistics within the country to facilitate the transportation and export of cocoa products.
The Egypt Chocolate and Cocoa Products Market is expected to continue its growth trajectory in the coming years. Factors such as increasing consumer awareness of health benefits associated with dark chocolate, growing demand for premium and organic products, and innovations in product packaging are expected to drive market growth. The rise of e-commerce platforms and online retail channels is also likely to contribute to market expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, cocoa butter is currently experiencing significant growth in the Egypt chocolate and cocoa products market. This can be attributed to its versatile use in various industries such as confectionery, food & beverage, cosmetics, and pharmaceuticals.
In terms of chocolate types, dark chocolate is expected to witness steady growth due to its health benefits and increasing consumer preference for premium and high-quality chocolates.
Confectionery application is the dominant segment in the Egypt chocolate and cocoa products market, driven by the country's strong tradition of consuming sweets and indulgent treats.
In terms of distribution channels, offline remains the preferred choice for consumers due to the wide availability of products and traditional shopping habits.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Chocolate and Cocoa Products Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Chocolate and Cocoa Products Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Chocolate and Cocoa Products Market - Industry Life Cycle |
3.4 Egypt Chocolate and Cocoa Products Market - Porter's Five Forces |
3.5 Egypt Chocolate and Cocoa Products Market Revenues & Volume Share, By Cocoa Types, 2021 & 2031F |
3.6 Egypt Chocolate and Cocoa Products Market Revenues & Volume Share, By Chocolate Type, 2021 & 2031F |
3.7 Egypt Chocolate and Cocoa Products Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Egypt Chocolate and Cocoa Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Egypt Chocolate and Cocoa Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Chocolate and Cocoa Products Market Trends |
6 Egypt Chocolate and Cocoa Products Market, By Types |
6.1 Egypt Chocolate and Cocoa Products Market, By Cocoa Types |
6.1.1 Overview and Analysis |
6.1.2 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Types, 2021-2031F |
6.1.3 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Butter, 2021-2031F |
6.1.4 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Powder, 2021-2031F |
6.1.5 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Liquor, 2021-2031F |
6.2 Egypt Chocolate and Cocoa Products Market, By Chocolate Type |
6.2.1 Overview and Analysis |
6.2.2 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Dark Chocolate, 2021-2031F |
6.2.3 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Milk Chocolate, 2021-2031F |
6.2.4 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By White Chocolate, 2021-2031F |
6.2.5 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Filled Chocolate, 2021-2031F |
6.3 Egypt Chocolate and Cocoa Products Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Confectionery, 2021-2031F |
6.3.3 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.4 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.5 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4 Egypt Chocolate and Cocoa Products Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Offline , 2021-2031F |
6.4.3 Egypt Chocolate and Cocoa Products Market Revenues & Volume, By Online , 2021-2031F |
7 Egypt Chocolate and Cocoa Products Market Import-Export Trade Statistics |
7.1 Egypt Chocolate and Cocoa Products Market Export to Major Countries |
7.2 Egypt Chocolate and Cocoa Products Market Imports from Major Countries |
8 Egypt Chocolate and Cocoa Products Market Key Performance Indicators |
9 Egypt Chocolate and Cocoa Products Market - Opportunity Assessment |
9.1 Egypt Chocolate and Cocoa Products Market Opportunity Assessment, By Cocoa Types, 2021 & 2031F |
9.2 Egypt Chocolate and Cocoa Products Market Opportunity Assessment, By Chocolate Type, 2021 & 2031F |
9.3 Egypt Chocolate and Cocoa Products Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Egypt Chocolate and Cocoa Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Egypt Chocolate and Cocoa Products Market - Competitive Landscape |
10.1 Egypt Chocolate and Cocoa Products Market Revenue Share, By Companies, 2024 |
10.2 Egypt Chocolate and Cocoa Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |