Middle East & Africa Chocolate Market Size & Outlook

The chocolate market in Middle East & Africa is expected to reach a projected revenue of US$ 12,159.4 million by 2030. A compound annual growth rate of 6.9% is expected of Middle East & Africa chocolate market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,639.2
Forecast, 2030 (US$M)
$12,159.4
CAGR, 2024 - 2030
6.9%
Report Coverage
Middle East & Africa

MEA chocolate market highlights

  • The MEA chocolate market generated a revenue of USD 7,639.2 million in 2023.
  • The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
  • In terms of segment, traditional was the largest revenue generating product in 2023.
  • Artificial is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.

MEA data book summary

Market revenue in 2023USD 7,639.2 million
Market revenue in 2030USD 12,159.4 million
Growth rate6.9% (CAGR from 2023 to 2030)
Largest segmentTraditional
Fastest growing segmentArtificial
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTraditional, Artificial
Key market players worldwideBarry Callebaut AG, Chocoladefabriken Lindt & Spruengli AG, Mondelez International Inc Class A, Nestle SA, The Hershey Co, Ferrero, Mars Group Holdings Corp, Meiji Holdings Co Ltd, Arcor, The Australian Carob Company

Other key industry trends

  • In terms of revenue, MEA region accounted for 6.4% of the global chocolate market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 12,159.4 million by 2030.

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Chocolate Market Companies

Name Profile # Employees HQ Website

Middle East & Africa chocolate market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chocolate market will help companies and investors design strategic landscapes.


Traditional was the largest segment with a revenue share of 99.36% in 2023. Horizon Databook has segmented the Middle East & Africa chocolate market based on traditional, artificial covering the revenue growth of each sub-segment from 2018 to 2030.


  • Middle East & Africa Chocolate Product Outlook (Revenue, USD Million, 2018-2030)
    • Traditional
      • Dark
      • Milk
      • White
    • Artificial
  • Middle East & Africa Chocolate Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • Supermarket & Hypermarket
    • Convenience Store
    • Online

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Target buyers of Middle East & Africa chocolate market databook

  • Our clientele includes a mix of chocolate market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa chocolate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa chocolate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA chocolate market size, by country, 2018-2030 (US$M)

Middle East & Africa Chocolate Market Outlook Share, 2023 & 2030 (US$M)

MEA chocolate market size, by country, 2018-2030 (US$M)

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