Saudi Arabia Chocolate Market (2019-2025) | Analysis, Size, Share, Trends, Growth, Revenue, Forecast, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Saudi Arabia Chocolate Market

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.

Saudi Arabia Chocolate Market Synopsis

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.

Key Highlights of the Report:

• Saudi Arabia Chocolate Market Overview
• Saudi Arabia Chocolate Market Outlook
• Saudi Arabia Chocolate Market Forecast
• Historical Data of Saudi Arabia Chocolate Market Revenues & Volume for the Period 2015-2018
• Saudi Arabia Chocolate Market Size and Saudi Arabia Chocolate Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Saudi Arabia Chocolate Market Revenues & Volume, by Types, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Chocolate Market Revenues & Volume, by Types, Until 2025
• Historical Data of Saudi Arabia Chocolate Market Revenues & Volume, by Products, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Chocolate Market Revenues & Volume, by Products, Until 2025
• Historical Data of Saudi Arabia Chocolate Market Revenues and Volume, By Distribution Channel, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Chocolate Market Revenues and Volume, By Distribution Channel, Until 2025
• Historical Data of Central Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Central Chocolate Market Revenues and Volume, Until 2025
• Historical Data of Western Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Western Chocolate Market Revenues and Volume, Until 2025
• Historical Data of Eastern Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Eastern Chocolate Market Revenues and Volume, Until 2025
• Historical Data of Southern Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Southern Chocolate Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Saudi Arabia Chocolate Market Price Trends
• Saudi Arabia Chocolate Market Trends and Products Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Chocolate Market Share, By Players
• Saudi Arabia Chocolate Market Share, By Regions
• Saudi Arabia Chocolate Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Saudi Arabia Chocolate Market report provides a detailed analysis of the following market segments:

By Types:

• Dark Chocolate
• Milk Chocolate
• White Chocolate

By Products:

• Softline
• Boxed Assortments
• Contlines
• Seasonal Chocolates
• Moulded Chocolates
• Others

By Distribution Channel:

• Supermarket and hypermarkets
• Specialist Retailers
• Convenience Stores
• Online Channel
• Others

By Regions:

• Central
• Western
• Eastern
• Southern

Saudi Arabia Chocolate Market: FAQs