Market Forecast By Types (Dark Chocolate, Milk Chocolate, White Chocolate), By Products (Softline, Boxed Assortments, Contlines, Seasonal Chocolates, Molded Chocolates And Others), By Distribution Channel (Supermarket and hypermarkets, Specialist Retailers, Convenience Stores, Online Channel And Others), By Regions (Eastern, Western, Central, Southern) and Competitive Landscape.
Product Code: ETC001360 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Saudi Arabia Chocolate market is witnessing a shift towards healthier options, including dark chocolate with high cocoa content, sugar-free options, and chocolates made with natural and organic ingredients. This is driven by a growing awareness of health and wellness, as well as a desire for indulgent treats that align with these values. Additionally, the rise of e-commerce channels, as more consumers are opting to shop online for their chocolate purchases. This trend was accelerated by the COVID-19 pandemic, as more consumers turned to online shopping due to lockdowns and social distancing measures. In terms of flavour preferences, traditional Middle Eastern flavours such as dates, cardamom, and saffron are gaining popularity in chocolate products. This trend reflects a growing interest in locally sourced ingredients and a desire for unique flavour experiences.
Urbanization in Saudi Arabia has led to a rise in the number of supermarkets, hypermarkets, and convenience stores, which are key distribution channels for chocolate products. Further, the country's expanding tourism industry has led to a rise in demand for luxury chocolates and other confectionery products. Moreover, increasing awareness of the health benefits of chocolate, such as its antioxidant properties, is driving demand for healthier, high-quality chocolate products. In addition, the rise of e-commerce in Saudi Arabia chocolate industry is allowing consumers to easily purchase chocolates from a wide range of brands and flavours, driving the growth of the chocolate market.
Growing investments in product innovation coupled with distribution channel development of manufacturers are some of the major factors responsible for the growth of the chocolate market. Additionally, the rising young population and increasing spending by companies on marketing and packaging the product to attract customers would positively influence the market growth. Growing infrastructural investments in the construction of hypermarkets and supermarkets would push the market growth on account of the rising demand for chocolates together with increasing impulse purchasing from hypermarkets.
According to 6Wresearch, the Saudi Arabia Chocolate Market size is anticipated to register growth during 2019-2025. Growing awareness regarding the health benefits of dark chocolate and increasing disposable income among middle-income consumers would spur the demand for chocolates over the next six years. Additionally, the Central region of Saudi Arabia is expected to be one of the major revenue generators due to the increase in the number of international players as well as domestic players in the industry.
Based on products, countlines chocolate captured the majority of the market share and is expected to lead the market revenues during the forecast period owing to high demand for the product among consumers within the age group of 25 years. The growing tourism sector in Saudi Arabia would complement the growth of the chocolate market over the coming years. Further, shifting consumer perception toward premium and custom products would spur the demand for chocolates in Saudi Arabian Market.
The Saudi Arabia Chocolate market report thoroughly covers the market by types, products, distribution channels, and key regions including Central, Western, and Eastern, Southern regions. The Saudi Arabia Chocolate market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Chocolate 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 Saudi Arabia Chocolate Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Saudi Arabia Chocolate Market Overview |
3.1 Saudi Arabia Country Indicators |
3.2 Saudi Arabia Chocolate Market Revenues and Volume 2015-2025F |
3.3 Saudi Arabia Chocolate Market Revenue Share, By Types, 2018 & 2025F |
3.4 Saudi Arabia Chocolate Market Revenue Share, By Products, 2018 & 2025F |
3.5 Saudi Arabia Chocolate Market Revenue Share, By Distribution Channel, 2018 & 2025F |
3.6 Saudi Arabia Chocolate Market Revenue Share, By Regions, 2018 & 2025F |
3.7 Saudi Arabia Chocolate Market - Industry Life Cycle |
3.8 Saudi Arabia Chocolate Market - Porter’s Five Forces |
4. Saudi Arabia Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Saudi Arabia Chocolate Market Trends |
6. Saudi Arabia Chocolate Market Overview, By Types |
6.1 Saudi Arabia Chocolate Market Revenues and Volume, By Dark Chocolate, 2015-2025F |
6.2 Saudi Arabia Chocolate Market Revenues and Volume, By Milk Chocolate, 2015-2025F |
6.3 Saudi Arabia Chocolate Market Revenues and Volume, By White Chocolate, 2015-2025F |
7. Saudi Arabia Chocolate Market Overview, By Products |
7.1 Saudi Arabia Chocolate Market Revenues and Volume, By Softlines, 2015-2025F |
7.2 Saudi Arabia Chocolate Market Revenues and Volume, By Boxed Assortments, 2015-2025F |
7.3 Saudi Arabia Chocolate Market Revenues and Volume, By Contlines, 2015-2025F |
7.4 Saudi Arabia Chocolate Market Revenues and Volume, By Seasonal Chocolates, 2015-2025F |
7.5 Saudi Arabia Chocolate Market Revenues and Volume, By Molded Chocolates, 2015-2025F |
7.6 Saudi Arabia Chocolate Market Revenues and Volume, By Others, 2015-2025F |
8. Saudi Arabia Chocolate Market Overview, By Distribution Channel |
8.1 Saudi Arabia Chocolate Market Revenues and Volume, By Supermarkets and Hypermarkets, 2015-2025F |
8.2 Saudi Arabia Chocolate Market Revenues and Volume, By Specialist Retailers, 2015-2025F |
8.3 Saudi Arabia Chocolate Market Revenues and Volume, By Convenience Stores, 2015-2025F |
8.4 Saudi Arabia Chocolate Market Revenues and Volume, By Online Channel, 2015-2025F |
8.5 Saudi Arabia Chocolate Market Revenues and Volume, By Others, 2015-2025F |
9. Saudi Arabia Chocolate Market Overview, By Regions |
9.1 Saudi Arabia Chocolate Market Revenues and Volume, By Eastern Region, 2015-2025F |
9.2 Saudi Arabia Chocolate Market Revenues and Volume, By Western Region, 2015-2025F |
9.3 Saudi Arabia Chocolate Market Revenues and Volume, By Central Region, 2015-2025F |
9.4 Saudi Arabia Chocolate Market Revenues and Volume, By Southern Region, 2015-2025F |
10. Saudi Arabia Chocolate Market - Key Performance Indicators |
11. Saudi Arabia Chocolate Market - Opportunity Assessment |
11.1 Saudi Arabia Chocolate Market Opportunity Assessment, By Types, 2025F |
11.2 Saudi Arabia Chocolate Market Opportunity Assessment, By Products, 2025F |
11.3 Saudi Arabia Chocolate Market Opportunity Assessment, By Distribution Channel, 2025F |
12. Saudi Arabia Chocolate Market Competitive Landscape |
12.1 Saudi Arabia Chocolate Market Revenue Share, By Companies, 2018 |
12.2 Saudi Arabia Chocolate Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |