Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Type (Nuts Milk Chocolate, Liqueur Milk Chocolate, Other), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC080248 | Publication Date: Sep 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Milk chocolate is a type of chocolate made with cocoa butter, milk solids, sugar, and sometimes whole milk. It is sweeter than dark chocolate and contains significantly fewer cocoa solids. Milk chocolate has been a popular form of chocolate in the Western world since the early 20th century.
According to 6Wresearch, the Middle East Milk Chocolate Market size is expected to grow during 2022-2028. The growth of the Middle East milk chocolate market is driven by various factors including a growing population, surging per capita income, and altering the lifestyle of the people.
The high growth of the market is driven by factors such as increasing disposable income, changing consumer preferences, and the growing tourism industry. The Middle East is home to some of the world’s most affluent countries, and this is reflected in the rising demand for luxury products.
The Middle East milk chocolate market is expected to decline in the next few years. This is due to a number of factors, including the rising price of milk, competition from other chocolate types, and health concerns.
The price of milk has been rising steadily in recent years, making it one of the most expensive ingredients in chocolate. Increasing preference towards cheaper alternatives available such as dark chocolate.
Competition from other chocolate types is also a major factor in the declining demand for milk chocolate. In particular, dark chocolate is becoming increasingly popular as it is seen as a healthier option. Health-conscious consumers are also turning to sugar-free and vegan chocolates.
Finally, concerns about the health effects of consuming too much milk chocolate are also deterring consumers. Growing problems such as obesity associated with the consumption of milk chocolate owing to presence of high fat and sugar are declining the market growth. Growing penetration towards avoidance of milk chocolate is restraining the market.
Overall, the declining demand for milk chocolate is due to a combination of factors. The rising price of milk, competition from other chocolate types, and health concerns are all contributing to the decline.
The Middle East milk chocolate market is a highly competitive one, with a number of key players vying for a share of the market. The major players in the Middle East milk chocolate market are Mars Inc., Mondelez International Inc., Nestle SA, Hershey Co., and Lindt & Sprungli AG.
The leading player in the Middle East milk chocolate market is Cadbury. Cadbury is followed by Nestle. Other key players in the market include Mars, Ferrero, and Lindt.
The Middle East milk chocolate market is likely to project growth during the forecast period. The growing population and rising disposable incomes are the key drivers of growth in the market. The growing popularity of dark chocolate and other premium chocolates is also driving growth in the market.
The competition in the Middle East milk chocolate market is intense, with the leading players constantly innovating and introducing new products to gain an edge over their competitors.
The Middle East milk chocolate market is segmented by country, and the major countries covered in this report are Saudi Arabia, UAE, Kuwait, Qatar, and Oman. Among all the countries, Saudi Arabia is anticipated to acquire the largest share in the overall Middle East Milk Chocolate Market owing to the growing population and disposable income.
The health emergency caused due to the spread of the deadly virus has shifted the preference of the consumer toward necessary products. People have started prioritizing the purchase of products according to their importance. Moreover, the restrictions on non-essential items led to disruption in the supply chain of milk chocolate in the Middle East.
The market report covers the following segment:
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 Middle East Milk Chocolate Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Milk Chocolate Market Revenues & Volume, 2021 & 2028F |
3.3 Middle East Milk Chocolate Market - Industry Life Cycle |
3.4 Middle East Milk Chocolate Market - Porter's Five Forces |
3.5 Middle East Milk Chocolate Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Middle East Milk Chocolate Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.7 Middle East Milk Chocolate Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
3.8 Middle East Milk Chocolate Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Middle East Milk Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Milk Chocolate Market Trends |
6 Saudi Arabia Milk Chocolate Market, 2018 - 2028 |
6.1.1 Saudi Arabia Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
6.1.2 Saudi Arabia Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
6.1.3 Saudi Arabia Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
7 UAE Milk Chocolate Market, 2018 - 2028 |
7.1 UAE Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
7.2 UAE Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
7.3 UAE Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
8 Qatar Milk Chocolate Market, 2018 - 2028 |
8.1 Qatar Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
8.2 Qatar Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
8.3 Qatar Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
9 Kuwait Milk Chocolate Market, 2018 - 2028 |
9.1 Kuwait Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
9.2 Kuwait Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
9.3 Kuwait Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
10 Oman Milk Chocolate Market, 2018 - 2028 |
10.1 Oman Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
10.2 Oman Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
10.3 Oman Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
11 Bahrain Milk Chocolate Market, 2018 - 2028 |
11.1 Bahrain Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
11.2 Bahrain Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
11.3 Bahrain Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
12 Turkey Milk Chocolate Market, 2018 - 2028 |
12.1 Turkey Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
12.2 Turkey Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
12.3 Turkey Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
13 Rest of Middle East Milk Chocolate Market, 2018 - 2028 |
13.1 Rest of Middle East Milk Chocolate Market, Revenues & Volume, By Type, 2018 - 2028 |
13.2 Rest of Middle East Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
13.3 Rest of Middle East Milk Chocolate Market, Revenues & Volume, By Application, 2018 - 2028 |
14 Middle East Milk Chocolate Market Key Performance Indicators |
15 Middle East Milk Chocolate Market - Opportunity Assessment |
15.1 Middle East Milk Chocolate Market Opportunity Assessment, By Countries, 2021 & 2028F |
15.2 Middle East Milk Chocolate Market Opportunity Assessment, By Type, 2021 & 2028F |
15.3 Middle East Milk Chocolate Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
15.4 Middle East Milk Chocolate Market Opportunity Assessment, By Application, 2021 & 2028F |
16 Middle East Milk Chocolate Market - Competitive Landscape |
16.1 Middle East Milk Chocolate Market Revenue Share, By Companies, 2021 |
16.2 Middle East Milk Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Type (Nuts Milk Chocolate, Liqueur Milk Chocolate, Other), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC080248 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Milk Chocolate Market is expected to register growth in the coming years. In the region, wide varieties of milk chocolates are available that are targeting various age and income groups. The changing lifestyle of consumers coupled with surging demand for chocolates especially premium milk chocolates is the major aspect for the growth of the milk chocolate market in the Middle East. The evolvement in modern retailing also propelled the demand for milk chocolate in the region. Furthermore, the large population in the Middle East countries, like Saudi Arabia and UAE contributed to the surging demand for milk chocolates in the region. Additionally, the demand for milk chocolate in the food and beverage industries majorly drives the market. However, the economic slowdown in this region has caused lower consumer spending, which further is expected to hamper the growth of the market for the next few coming years. All over the Middle East chocolate market is growing at a slow and steady pace but white and milk chocolate is anticipated to have the highest growth in coming years and have the largest market share. In this region, the demand is unevenly matched against an unstable supply due to the outbreak of the covid pandemic. However, during the worldwide lockdown, it was observed that people are staying in their homes more often and demanding commodities with longer self-life such as chocolate. Chocolate is on everyone’s list because it is one of the comfort foods for many.
According to 6Wresearch, Middle East Milk Chocolate Market is anticipated to register growth during 2021-27. Israel has the largest growth rate and the largest market share in this Middle East market. In the Middle East, countline chocolates are most popular among teenagers and consumers under 25 years of age, due to their convenience aspects as they are designed to be eaten as a snack and on the go. The upsurge in the consumption for countline chocolates in the UAE has stimulated the market growth, as the United Arab Emirates is developing as one of the potential markets for milk chocolates, on account of the rise in the number of international chocolate companies, coupled with the domestic players as well as changing snacking preferences of customers. This segment further includes chocolate bars, generally consumed at once as snacks. It also includes products sold in diverse formats, like multipacks or mini-fun sizes. Some of the key players in the Middle East chocolate market include Ferrero SPA, Gandour, Godiva, Hocolatier, International Foodstuffs Co., Lindt & Sprngli Group, Mars, Incorporated, Mondelez International, Nestle S.A., Patchi and Hershey.
The milk chocolate market in the Middle East is affected owing to the change in eating preferences and availability of chocolate as a derived product for rolls, mousse, fudge, etc. Based on application the market is segmented into food and beverage, cosmetics, pharmaceuticals and confectionery. The distribution channel is segmented by hypermarkets & supermarkets, convenience stores, specialist retailers and others like e-Commerce, pharmacy, and dollar stores. Due to the health benefits, there has been significant growth in the pharmaceuticals and cosmetics segment. On the basis of packaging flexible, rigid and paper & board.
The Middle East milk chocolate market report thoroughly covers the market by packaging, form, nature, distribution channel, application and regions including Saudi Arabia, UAE, Qatar, Kuwait, Israel, Jordan and Lebanon. The Middle East milk chocolate market outlook report provides an unbiased and detailed analysis of the ongoing Middle East milk chocolate market trends, opportunities/high growth areas, and market drivers, which would help the stakeholder to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segment:
Other Key Reports Available: