UAE Chocolate Market Analysed in Comprehensive TechSci Research Study Available at MarketPublishers.com05 Sep 2014 • by Natalie Aster
LONDON – The UAE has been witnessing drastic increase in the demand for chocolates, especially over festive seasons. Consumers in the country prefer gifting premium boxed chocolates available in varied shapes and sizes in attractive packaging over traditional sweets. Owning to busier lifestyles and intake of high fat content food, the country is also witnessing huge increase in the number of obese and diabetic patients. Such consumers are requiring sugar-free chocolates that are made using organic, low fat ingredients.
The chocolate market value in the UAE is expected to grow at a CAGR of just under 6.1% during 2014-2019. The countline segment is currently leading the market, and is expected to continue its dominance through to 2019. The boxed chocolate assortment segment is forecast to increase at a more rapid rate as consumers, particularly the elite, prefer these premium chocolate sweets offered by top-level international brands. Chocolate maker Mars GCC holds the largest share in the UAE market in terms of value, and is projected to continue dominating the market through 2019. Nestle Middle East FZE, Cadbury Middle East FZE, Ferrero SpA, and Lindt & Sprungli Group, among others, are the leading players operating in the UAE chocolate sector. However, souring prices of raw materials, mainly sugar and cocoa, pose a major challenge to chocolate manufacturers in the country. The price hike is impacting the marginal income of different chocolate players is declining.
Comprehensive study “UAE Chocolate Market Forecast and Opportunities, 2019” elaborated by TechSci Research provides a comprehensive analysis of the UAE chocolate marketplace.
The report provides the national chocolate market sizing (by value) and market share (by type, region, age group, point of sale, company) plus forecasts; provides the market size (by value), share and forecast for the key market segments – countline chocolate, molded chocolate bar, boxed chocolate. The research study features a supply chain analysis, market drivers and challenges, changing market trends and developments, policy and regulatory landscape, imports and exports, and the country’s economic profile. The competitive landscape analysis and top 10 companies’ profiles are included in the report, and also strategic recommendations are available.
UAE Chocolate Market Forecast and Opportunities, 2019
Published: August, 2014
Price: US$ 2,000.00
More сomprehensive reports by the publisher can be found at TechSci Research page.