Find Out Who Dominates Middle East Chocolate Market
Arab countries adore sweets, particularly chocolates. According to 6Wresearch, the Middle East chocolate market will grow at a compound annual growth rate of 4.2% between 2019 and 2025.
Furthermore, chocolate in confectionery and flavor will promote market development.
Sanxiong leads the Middle East chocolate market
According to a new report, Saudi Arabia, the United Arab Emirates, and Qatar will dominate the growth of the Middle East between 2019 and 2025. This is due to the retail industry’s continued growth as well as upcoming large-scale global events such as Expo 2020 Dubai and the 2022 Qatar World Cup.
Mondelez International and Mars are targeting the markets of the three countries and intend to increase production.
High-end chocolate like Ferrero and Lindt
Milk chocolate accounts for the largest share of the Middle East chocolate market. During the forecast period, the UAE and Saudi Arabia will be key countries for global chocolate producers to focus on. According to Ashkay Thakur, a research assistant to 6Wresearch.
The retail industry, which includes shopping malls, hypermarkets, specialty stores, and boutiques, is expected to dominate the Middle East’s major chocolate markets.
Flexible packaging is preferred by chocolate makers because it is lightweight, durable, and easy to form into any shape. Mars, Nestle, Ferrero, MDLZ, and Hershey are the market’s major players.