| Product Code: ETC5793524 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives saw a significant increase in cocoa and chocolate import shipments in 2024, with Metropolitan France, Belgium, Germany, UAE, and Italy emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 47.71% from 2020 to 2024 reflects a booming industry. Moreover, the growth rate of 31.63% in 2024 demonstrates continued expansion and demand for cocoa and chocolate products in Maldives.

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 Maldives Cocoa and Chocolate Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Cocoa and Chocolate Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Cocoa and Chocolate Market - Industry Life Cycle |
3.4 Maldives Cocoa and Chocolate Market - Porter's Five Forces |
3.5 Maldives Cocoa and Chocolate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Cocoa and Chocolate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Maldives Cocoa and Chocolate Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.8 Maldives Cocoa and Chocolate Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Cocoa and Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of cocoa and chocolate products |
4.2.2 Growing demand for premium and artisanal chocolate products in the Maldives |
4.2.3 Rising popularity of cocoa-based beverages and desserts in the local market |
4.3 Market Restraints |
4.3.1 Limited availability of locally sourced cocoa beans in the Maldives |
4.3.2 High import costs for raw cocoa and chocolate products |
4.3.3 Seasonal variations in cocoa production impacting supply chain stability |
5 Maldives Cocoa and Chocolate Market Trends |
6 Maldives Cocoa and Chocolate Market Segmentations |
6.1 Maldives Cocoa and Chocolate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Cocoa and Chocolate Market Revenues & Volume, By Dark Chocolate, 2021-2031F |
6.1.3 Maldives Cocoa and Chocolate Market Revenues & Volume, By Milk Chocolate, 2021-2031F |
6.1.4 Maldives Cocoa and Chocolate Market Revenues & Volume, By Filled Chocolate, 2021-2031F |
6.1.5 Maldives Cocoa and Chocolate Market Revenues & Volume, By White Chocolate, 2021-2031F |
6.2 Maldives Cocoa and Chocolate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Cocoa and Chocolate Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Maldives Cocoa and Chocolate Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.4 Maldives Cocoa and Chocolate Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3 Maldives Cocoa and Chocolate Market, By Nature |
6.3.1 Overview and Analysis |
6.3.2 Maldives Cocoa and Chocolate Market Revenues & Volume, By Conventional, 2021-2031F |
6.3.3 Maldives Cocoa and Chocolate Market Revenues & Volume, By Organic, 2021-2031F |
6.4 Maldives Cocoa and Chocolate Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Maldives Cocoa and Chocolate Market Revenues & Volume, By Offline, 2021-2031F |
6.4.3 Maldives Cocoa and Chocolate Market Revenues & Volume, By E-commerce, 2021-2031F |
7 Maldives Cocoa and Chocolate Market Import-Export Trade Statistics |
7.1 Maldives Cocoa and Chocolate Market Export to Major Countries |
7.2 Maldives Cocoa and Chocolate Market Imports from Major Countries |
8 Maldives Cocoa and Chocolate Market Key Performance Indicators |
8.1 Percentage growth in the consumption of cocoa and chocolate products per capita |
8.2 Number of new product launches in the premium chocolate segment |
8.3 Customer satisfaction scores for locally produced cocoa and chocolate items |
9 Maldives Cocoa and Chocolate Market - Opportunity Assessment |
9.1 Maldives Cocoa and Chocolate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Cocoa and Chocolate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Maldives Cocoa and Chocolate Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.4 Maldives Cocoa and Chocolate Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Cocoa and Chocolate Market - Competitive Landscape |
10.1 Maldives Cocoa and Chocolate Market Revenue Share, By Companies, 2024 |
10.2 Maldives Cocoa and Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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