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Middle-East and Africa Compound Chocolate Market Size (2024 - 2029)

The Middle East and Africa Compound Chocolate Market is experiencing significant growth, driven by the rising demand for chocolate-coated products and the increased consumption of chocolates during the COVID-19 pandemic. This growth is further supported by the use of compound chocolate in molding applications for confectionery and bakery products, as well as its popularity in traditional gifting practices. Innovations in traditional sweets and desserts, along with the production of new chocolate products, are also contributing to the market's expansion. The market is expected to continue its upward trajectory, reflecting the region's evolving consumer preferences and culinary trends.

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Market Size of Middle-East and Africa Compound Chocolate Industry

898
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.20 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

MEA Compound Chocolate Market Analysis

The Middle-East and Africa Compound Chocolate Market is projected to register a CAGR of 8.2 % during the forecast period, 2022-2027.

There is a high demand for compound chocolate in the Middle East and Africa region which can be attributed to the increasing demand for chocolate-coated dry fruits, confectionary, and bakery products. This demand was further augmented over the past few years as a result of the COVID-19 pandemic which led consumers across the region to quarantine at home; this factor led to the increased consumption of chocolates and chocolate products as a snack or indulgence.

Compound chocolate is widely used in molding applications for making different confectionery and bakery products, driving the demand for high-quality chocolate coatings in the region. Moreover, the consumers in the Middle East prefer to gift high-quality boxed chocolates, on different occasions as per their traditional rituals and this has boosted the sales of compound chocolate in the Middle East.

Additionally, Middle Eastern countries have been witnessing innovations in traditional sweets and desserts such as kunafa, chocolate jallab bites, chocolate biscuit puddings, chocolate-stuffed dates, and chocolate chip cakes, among other products, which make use of compound chocolate. Further, few companies offering innovative products like ganache, chocolate syrup, chocolate candies, etc. efficiently manufacture their products with the use of compound chocolate owing to its consistency. Thus, the compound chocolate market has been fostering huge growth in the region over the review period, and is further expected to gain momentum during the forecast period.

MEA Compound Chocolate Industry Segmentation

Compound chocolate is a combination of vegetable fat, cocoa, and sweeteners. It is used as a low-cost alternative to coverture chocolate. There are three types of compound chocolates milk, dark and white which are being used by various industries for making end products. The Middle-East and Africa Compound Chocolate Market (henceforth referred to as the market studied) is segmented by Flavor, Form, Application, and Geography. By Flavor, the market is segmented into Milk, Dark, and White. By Form, the market is segmented into Chocolate Chips/Drops/Chunks, Chocolate Slabs, and Chocolate Coatings. By Application the market is segmented into Bakery, Confectionery, Frozen Desserts and Ice-cream, Beverages, Cereals, and Other applications. The study provides an analysis of emerging and established economies across the Middle East and Africa region, comprising Saudi Arabia, the United Arab Emirates, South Africa, and the rest of the Middle East and Africa. The report offers market size and forecasts in value (USD million) for the above segments.

Flavor
Milk
White
Dark
Form
Chocolate Chips/Drops/Chunks
Chocolate Slab
Chocolate Coatings
Application
Bakery
Confectionery
Frozen Desserts and Ice Cream
Beverages
Cereals
Other Applications
Geography
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Middle-East and Africa Compound Chocolate Market Size Summary

The Middle East and Africa Compound Chocolate Market is experiencing significant growth, driven by a rising demand for chocolate-coated products and bakery items. The COVID-19 pandemic has further fueled this demand as consumers turned to chocolate as a comforting snack during lockdowns. Compound chocolate's versatility in molding applications and its popularity in traditional gifting practices have contributed to its increased consumption in the region. Innovations in traditional sweets and the introduction of new chocolate-based products have also played a crucial role in expanding the market. The appeal of chocolate-infused snacks among millennials and the suitability of compound chocolate for high-temperature baking are additional factors supporting market growth. The trend towards veganism and plant-based products has further boosted sales, with a notable preference for dairy-free chocolate options.

The competitive landscape of the Middle East and Africa Compound Chocolate Market is characterized by the presence of both regional and international players, such as Puratos, Ferrero International SA, and Barry Callebaut. These companies are actively engaging in product innovation and strategic partnerships to enhance their market presence. The market's growth is also supported by the increasing consumption of chocolate-filled sweets and protein-based products, driven by health-conscious consumers. Seasonal gifting traditions and the rising popularity of frozen desserts and chocolate-based beverages further contribute to the market's expansion. Companies are leveraging both online and offline distribution channels to reach a broader audience, with a focus on maintaining leadership through diverse marketing strategies and product offerings.

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Middle-East and Africa Compound Chocolate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Flavor

      1. 2.1.1 Milk

      2. 2.1.2 White

      3. 2.1.3 Dark

    2. 2.2 Form

      1. 2.2.1 Chocolate Chips/Drops/Chunks

      2. 2.2.2 Chocolate Slab

      3. 2.2.3 Chocolate Coatings

    3. 2.3 Application

      1. 2.3.1 Bakery

      2. 2.3.2 Confectionery

      3. 2.3.3 Frozen Desserts and Ice Cream

      4. 2.3.4 Beverages

      5. 2.3.5 Cereals

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Middle East & Africa

        1. 2.4.1.1 United Arab Emirates

        2. 2.4.1.2 Saudi Arabia

        3. 2.4.1.3 South Africa

        4. 2.4.1.4 Rest of Middle East & Africa

Middle-East and Africa Compound Chocolate Market Size FAQs

The Middle-East and Africa Compound Chocolate Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)

Puratos, Ferrero International SA, Barry Callebaut, Kerry Group and Cargill, Incorporated are the major companies operating in the Middle-East and Africa Compound Chocolate Market.

Middle-East and Africa Compound Chocolate Report Snapshots

Middle East and Africa Compound Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)