Booming Chocolate Market in UAE
In 2020, the chocolate market in the United Arab Emirates was valued at USD 425.8 million and is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.6% during the period of 2021-2026.
There is a rapid increase in the personal consumption of chocolates in recent years. Alongside, because of the country’s gift-giving tradition, most of the consumers prefer to gift premium boxed chocolates with attractive packaging over the traditional sweets especially for family events, festivals, and in business deals which serves as one of the major contributors for the market growth.
Key Market Trends
International companies are setting up more factories in the country as they witnessed the consistent high consumptions of Premium and Luxury Chocolates over the past few years to meet this seasonal demand.