Middle East & Africa Hot Chocolate Market Size & Outlook

The hot chocolate market in Middle East & Africa is expected to reach a projected revenue of US$ 511.6 million by 2027. A compound annual growth rate of 5.8% is expected of Middle East & Africa hot chocolate market from 2020 to 2027.
Revenue, 2019 (US$M)
$327.1
Forecast, 2027 (US$M)
$511.6
CAGR, 2020 - 2027
5.8%
Report Coverage
Middle East & Africa

MEA hot chocolate market highlights

  • The MEA hot chocolate market generated a revenue of USD 327.1 million in 2019.
  • The market is expected to grow at a CAGR of 5.8% from 2020 to 2027.
  • In terms of segment, offline was the largest revenue generating distribution channel in 2019.
  • Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
  • Country-wise, South Africa is expected to register the highest CAGR from 2020 to 2027.

MEA data book summary

Market revenue in 2019USD 327.1 million
Market revenue in 2027USD 511.6 million
Growth rate5.8% (CAGR from 2019 to 2027)
Largest segmentOffline
Fastest growing segmentOnline
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationOffline, Online
Key market players worldwideNestle SA, Mondelez International Inc Class A, The Hershey Company, Mars Group Holdings Corp, Chocoladefabriken Lindt & Spruengli AG, Associated British Foods PLC, Xucker, Cocosutra, Haribo, Valrhona, Twinings

Other key industry trends

  • In terms of revenue, MEA region accounted for 10.1% of the global hot chocolate market in 2019.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 511.6 million by 2027.

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Hot Chocolate Market Scope

Hot chocolate market segmentation & scope

Hot Chocolate Market Companies

Name Profile # Employees HQ Website

Middle East & Africa hot 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 hot chocolate market will help companies and investors design strategic landscapes.


Offline was the largest segment with a revenue share of 96.82% in 2019. Horizon Databook has segmented the Middle East & Africa hot chocolate market based on offline, online covering the revenue growth of each sub-segment from 2016 to 2027.


  • Middle East & Africa Hot Chocolate Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
    • Offline
    • Online

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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hot chocolate market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hot chocolate market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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MEA hot chocolate market size, by country, 2016-2027 (US$M)

Middle East & Africa Hot Chocolate Market Share, 2019 & 2027 (US$M)

MEA hot chocolate market size, by country, 2016-2027 (US$M)

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