Middle East and Africa Cocoa Market 2021-2028

This report denotes that the Middle East and Africa cocoa market is expected to display revenue growth at a compound annual growth rate of 3.39% during the forecast period 2021-2028. South Africa, Turkey, the UAE, Saudi Arabia, and Rest of Middle East & Africa outline the market in this region.

Consumers in Saudi Arabia opt for quality over price in relation to chocolate. Moreover, as consumers are becoming increasingly knowledgeable about health and wellness food products, many are seeking cocoa rich products. Additionally, the bakery sector is one of the largest consumers of cocoa products. Furthermore, the surge in demand for chocolate and cocoa products is owing to the high young population. Other than this, the country is setting up cocoa plantations. For instance, the Mountain Areas Development and Reconstruction Authority has been conducting the cocoa cultivation experiment to facilitate the establishment of manufacturing factories. Such initiatives will support the overall growth of the cocoa market.

The studied market is witnessing growth owing to rising income and the young population in Turkey. Here, the youth are increasingly opting for cocoa-rich products, which supports the cocoa market’s development. Besides, the country’s geographical location also plays a vital role in driving the market’s growth. For instance, it is close to Central Europe and North Africa, which allows the country to become one of the major markets for chocolate makers. Hence, as mentioned above, these factors are motivating the development of the cocoa market.

Competitive Outlook

The established companies in the cocoa market include Blommer Chocolate Company, Olam International Limited, the Hershey Company, Cargill Incorporated, Nestle SA, Touton SA, and Puratos Group.

1. Middle East and Africa Cocoa Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on Cocoa Market
2.2. Key Insights
2.2.1. Influence of Western Flavors
2.2.2. Cocoa Powder Color Trends
2.2.3. Single-Origin Cocoa and Chocolates
2.3. Porter’S Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Acquisitions
2.6.2. Product Developments
2.6.3. Contracts & Agreements
2.6.4. Investment & Expansions
2.7. Market Drivers
2.7.1. Rise in Demand for Chocolate
2.7.2. Health Benefits of Cocoa
2.8. Market Challenges
2.8.1. Low Productivity
2.8.2. Price Fluctuations of Cocoa
2.9. Market Opportunities
2.9.1. Ruby Cocoa Beans
2.9.2. Bean-To-Bar Chocolate

3. Middle East and Africa Cocoa Market Outlook - by Process

3.1. Dutch-Process
3.2. Natural Process

4. Middle East and Africa Cocoa Market Outlook – by Quality

4.1. Bulk
4.2. Specialty
4.3. Fine Flavor

5. Middle East and Africa Cocoa Market Outlook – by Product

5.1. Cocoa Liquor
5.2. Cocoa Powder
5.3. Cocoa Butter

6. Middle East and Africa Cocoa Market Outlook – by Type

6.1. Conventional
6.2. Organic

7. Middle East and Africa Cocoa Market Outlook – by End-User

7.1. Confectionery
7.2. Food & Beverages
7.3. Bakery
7.4. Other End-Users

8. Middle East and Africa Cocoa Market – Regional Outlook

8.1. United Arab Emirates
8.2. Saudi Arabia
8.3. Turkey
8.4. South Africa
8.5. Rest of Middle East & Africa

9. Competitive Landscape

9.1. Cargill Incorporated
9.2. Meiji Holdings Co Ltd
9.3. Nestle Sa
9.4. Puratos Group
9.5. Olam International Limited
9.6. Guan Chong Berhad
9.7. Barry Callebaut AG
9.8. Natra Sa
9.9. Blommer Chocolate Company
9.10. The Hershey Company
9.11. Mondelez International
9.12. Ferrero Group
9.13. Lindt and Sprüngli AG
9.14. Archer Daniels Midland
9.15. Touton Sa

10. Research Methodology & Scope

10.1. Research Scope & Deliverables
10.2. Sources of Data
10.3. Research Methodology

List of Tables

Table 1: Middle East and Africa Cocoa Market, by Country, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: List of Acquisitions
Table 4: List of Product Developments
Table 5: List of Contracts & Agreements
Table 6: List of Investment & Expansions
Table 7: the Top 10 Cocoa Producing Countries in 2021
Table 8: Middle East and Africa Cocoa Market, by Process, 2021-2028 (In $ Million)
Table 9: Middle East and Africa Cocoa Market, by Quality, 2021-2028 (In $ Million)
Table 10: Middle East and Africa Cocoa Market, by Product, 2021-2028 (In $ Million)
Table 11: Middle East and Africa Cocoa Market, by Type, 2021-2028 (In $ Million)
Table 12: Middle East and Africa Cocoa Market, by End-User, 2021-2028 (In $ Million)
Table 13: Middle East and Africa Cocoa Market, by Country, 2021-2028 (In $ Million)

List of Figures

Figure 1: Market Attractiveness Index
Figure 2: Middle East and Africa Cocoa Market, by Process, 2020 & 2028 (In %)
Figure 3: Middle East and Africa Cocoa Market, by Dutch Process, 2021-2028 (In $ Million)
Figure 4: Middle East and Africa Cocoa Market, by Natural Process, 2021-2028 (In $ Million)
Figure 5: Middle East and Africa Cocoa Market, by Quality, 2020 & 2028 (In %)
Figure 6: Middle East and Africa Cocoa Market, by Bulk, 2021-2028 (In $ Million)
Figure 7: Middle East and Africa Cocoa Market, by Specialty, 2021-2028 (In $ Million)
Figure 8: Middle East and Africa Cocoa Market, by Fine Flavor, 2021-2028 (In $ Million)
Figure 9: Middle East and Africa Cocoa Market, by Product, 2020 & 2028 (In %)
Figure 10: Middle East and Africa Cocoa Market, by Cocoa Liquor, 2021-2028 (In $ Million)
Figure 11: Middle East and Africa Cocoa Market, by Cocoa Powder, 2021-2028 (In $ Million)
Figure 12: Middle East and Africa Cocoa Market, by Cocoa Butter, 2021-2028 (In $ Million)
Figure 13: Middle East and Africa Cocoa Market, by Type, 2020 & 2028 (In %)
Figure 14: Middle East and Africa Cocoa Market, by Conventional, 2021-2028 (In $ Million)
Figure 15: Middle East and Africa Cocoa Market, by Organic, 2021-2028 (In $ Million)
Figure 16: Middle East and Africa Cocoa Market, by End-User, 2020 & 2028 (In %)
Figure 17: Middle East and Africa Cocoa Market, by Confectionery, 2021-2028 (In $ Million)
Figure 18: Middle East and Africa Cocoa Market, by Food & Beverages, 2021-2028 (In $ Million)
Figure 19: Middle East and Africa Cocoa Market, by Bakery, 2021-2028 (In $ Million)
Figure 20: Middle East and Africa Cocoa Market, by Other End-Users, 2021-2028 (In $ Million)
Figure 21: Middle East and Africa Cocoa Market, Regional Outlook, 2020 & 2028 (In %)
Figure 22: United Arab Emirates Cocoa Market 2021-2028 (In $ Million)
Figure 23: Saudi Arabia Cocoa Market 2021-2028 (In $ Million)
Figure 24: Turkey Cocoa Market 2021-2028 (In $ Million)
Figure 25: South Africa Cocoa Market 2021-2028 (In $ Million)
Figure 26: Rest of Middle East & Africa Cocoa Market 2021-2028 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

Puratos Group

Competitive Outlook

Table of Contents

Companies Mentioned

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