| Product Code: ETC5828370 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Maldives experienced a significant shift in milk chocolate import sources in 2024, with top exporters being Malaysia, Belgium, Metropolitan France, Germany, and the UAE. The market concentration, as measured by the HHI, decreased from high to low in 2024, indicating a more diverse import landscape. The impressive compound annual growth rate (CAGR) of 37.3% from 2020 to 2024 highlights the growing demand for milk chocolate in the Maldives. Moreover, the growth rate of 11.85% from 2023 to 2024 suggests a continued upward trajectory in import volumes, signaling a favorable market outlook for milk chocolate in the region.
The Milk Chocolate market in Maldives is projected to grow at a exponential growth rate of 17.00% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Milk Chocolate Market Overview  | 
3.1 Maldives Country Macro Economic Indicators  | 
3.2 Maldives Milk Chocolate Market Revenues & Volume, 2021 & 2031F  | 
3.3 Maldives Milk Chocolate Market - Industry Life Cycle  | 
3.4 Maldives Milk Chocolate Market - Porter's Five Forces  | 
3.5 Maldives Milk Chocolate Market Revenues & Volume Share, By Type, 2021 & 2031F  | 
3.6 Maldives Milk Chocolate Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F  | 
3.7 Maldives Milk Chocolate Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
4 Maldives Milk Chocolate Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Increasing consumer preference for premium and high-quality chocolate products  | 
4.2.2 Growing awareness about the health benefits of dark chocolate  | 
4.2.3 Rise in disposable income leading to higher spending on indulgent food items  | 
4.3 Market Restraints  | 
4.3.1 Fluctuating prices of raw materials such as cocoa beans  | 
4.3.2 Intense competition from other confectionery products like candies and biscuits  | 
5 Maldives Milk Chocolate Market Trends  | 
6 Maldives Milk Chocolate Market Segmentations  | 
6.1 Maldives Milk Chocolate Market, By Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Maldives Milk Chocolate Market Revenues & Volume, By Nuts Milk Chocolate, 2021-2031F  | 
6.1.3 Maldives Milk Chocolate Market Revenues & Volume, By Liqueur Milk Chocolate, 2021-2031F  | 
6.1.4 Maldives Milk Chocolate Market Revenues & Volume, By Other, 2021-2031F  | 
6.2 Maldives Milk Chocolate Market, By Distribution Channel  | 
6.2.1 Overview and Analysis  | 
6.2.2 Maldives Milk Chocolate Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F  | 
6.2.3 Maldives Milk Chocolate Market Revenues & Volume, By Specialty Stores, 2021-2031F  | 
6.2.4 Maldives Milk Chocolate Market Revenues & Volume, By Convenience Stores, 2021-2031F  | 
6.2.5 Maldives Milk Chocolate Market Revenues & Volume, By Online Stores, 2021-2031F  | 
6.2.6 Maldives Milk Chocolate Market Revenues & Volume, By Others, 2021-2031F  | 
6.3 Maldives Milk Chocolate Market, By Application  | 
6.3.1 Overview and Analysis  | 
6.3.2 Maldives Milk Chocolate Market Revenues & Volume, By Residential, 2021-2031F  | 
6.3.3 Maldives Milk Chocolate Market Revenues & Volume, By Commercial, 2021-2031F  | 
7 Maldives Milk Chocolate Market Import-Export Trade Statistics  | 
7.1 Maldives Milk Chocolate Market Export to Major Countries  | 
7.2 Maldives Milk Chocolate Market Imports from Major Countries  | 
8 Maldives Milk Chocolate Market Key Performance Indicators  | 
8.1 Percentage growth in online sales of Maldives milk chocolate  | 
8.2 Number of new product launches in the Maldives milk chocolate segment  | 
8.3 Consumer satisfaction scores related to taste and packaging of Maldives milk chocolate.  | 
9 Maldives Milk Chocolate Market - Opportunity Assessment  | 
9.1 Maldives Milk Chocolate Market Opportunity Assessment, By Type, 2021 & 2031F  | 
9.2 Maldives Milk Chocolate Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F  | 
9.3 Maldives Milk Chocolate Market Opportunity Assessment, By Application, 2021 & 2031F  | 
10 Maldives Milk Chocolate Market - Competitive Landscape  | 
10.1 Maldives Milk Chocolate Market Revenue Share, By Companies, 2024  | 
10.2 Maldives Milk Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |