“GCC Dark Chocolate Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the GCC dark chocolate market based on its segments including distribution channel and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
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Chocolate refers to a food product that is prepared from roasted cocoa beans and consumed as candy. Dark chocolate is a slightly bitter variant of chocolate with a deep brown color and without added milk. It is used to make beverages and to flavor or coat several confections and bakery items, including shakes, muffins, cakes, biscuits, brownies, etc. Dark chocolate comprises small amounts of stimulating alkaloids, caffeine, theobromine, etc., which are rich in carbohydrates and provide quick energy. The regular consumption of premium dark chocolate in moderate quantities helps in enhancing blood circulation in the body, reducing blood pressure, minimizing the risks of heart disease, etc.
Note: The study incorporates COVID-19’s direct market impact as well as the indirect effects of related industries on the GCC dark chocolate market. These insights are regularly updated by the subject matter experts at Syndicated Analytics.
GCC Dark Chocolate Industry Trends and Drivers:
The expanding food and beverage (F&B) industry is primarily driving the GCC dark chocolate market. Furthermore, the widespread availability of dark chocolate in numerous forms, including sprinkles, chocolate syrup, white chocolate, etc., is further propelling the market growth. In addition to this, the rising popularity of molded dark chocolates in innovative solid shapes and sizes is acting as another significant growth-inducing factor. Moreover, the growing consumer preferences for newer dark chocolate variants infused with additional flavors, such as cranberry, fruits and nuts, almonds, etc., are creating a positive outlook for dark chocolate across the GCC region. Apart from this, the inflating utilization of dark chocolate as a key ingredient in preparing food products, including chocolate bars, candies, bakery foods, beverages, etc., is also bolstering the market growth. Additionally, the premiumization of chocolate-based products and the increasing adoption of innovative packaging solutions by manufacturers are anticipated to catalyze the GCC dark chocolate market over the forecasted period.
GCC Dark Chocolate Market Segmentation:
The market is segmented in on the basis of distribution channel and region.
Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
- Others
Region
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
The key regions covered in the market report are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the market.
Competitive Landscape:
The report also provides insights on the competitive landscape of the GCC dark chocolate industry with the leading players profiled in the report.
Discover how this report can help boost your revenues:
- Examine the current trends in the GCC dark chocolate market to evaluate industry prospects
- Analyze the present and future performance in established and emerging markets
- Evaluate market dynamics and expansion opportunities
- Investigate the economic and non-economic factors influencing market segments
- Employ qualitative and quantitative market analysis to enhance data-driven decisions
- Analyze how demand and supply factors influence industry growth at the regional and country level
- Study the market competition as per Porter’s five forces model
- Gain insights to new product launches and growth strategies employed by market players
- Capitalize on comprehensive profiles of major companies operating in the industry
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List of Figures
Figure 1: Global: Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Chocolate Market: Segmentation by Region (in %), 2020
Figure 3: Global: Chocolate Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Dark Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 5: Global: Dark Chocolate Market: Segmentation by Region (in %), 2022
Figure 6: Global: Dark Chocolate Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 7: GCC: Dark Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 8: GCC: Dark Chocolate MarketOutlook: Sales Value (in Billion US$), 2023-2028
Figure 9: GCC: Dark Chocolate Market: Segmentation by Country (in %), 2022
Figure 10: GCC: Dark Chocolate Market: Segmentation by Distribution Channel (in %), 2022
Figure 11: Saudi Arabia: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Saudi Arabia: Dark Chocolate Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 13: United Arab Emirates: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: United Arab Emirates: Dark Chocolate MarketOutlook: Sales Value (in Billion US$), 2023-2028
Figure 15: Qatar: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Qatar: Dark Chocolate Market outlook: Sales Value (in Billion US$), 2023-2028
Figure 17: Kuwait: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Kuwait: Dark Chocolate Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 19: Oman: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Oman: Dark Chocolate Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 21: Bahrain: Dark Chocolate Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Bahrain: Dark Chocolate MarketOutlook: Sales Value (in Billion US$), 2023-2028
Figure 23: GCC: Dark Chocolate (Supermarkets and Hypermarkets) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: GCC: Dark Chocolate (Supermarkets and Hypermarkets) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 25: GCC: Dark Chocolate (Convenience Stores) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: GCC: Dark Chocolate (Convenience Stores) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 27: GCC: Dark Chocolate (Non-Grocery Retailers) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: GCC: Dark Chocolate (Non-Grocery Retailers) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 29: GCC: Dark Chocolate (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: GCC: Dark Chocolate (Others) Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 31: GCC: Dark Chocolate Industry: Market Dynamics
Figure 32: GCC: Dark Chocolate Industry: Value Chain Analysis
Figure 33: GCC: Dark Chocolate Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Dark Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Dark Chocolate Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Dark Chocolate Market Outlook: Segmentation by Distribution Channel (in Million US$), 2023-2028
Table 4: GCC: Dark Chocolate Market Structure
Table 5: GCC: Dark Chocolate Market: Key Players