MIDDLE EAST AND AFRICA COCOA MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

MIDDLE EAST AND AFRICA COCOA MARKET 2021-2028

Market by Process, Quality, Product, Type, End-user, and Country | Forecast 2021-2028

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As per Triton’s research report, the cocoa market in the Middle East and Africa is envisioned to experience growth at a compound annual growth rate of 3.39% over the calculated period 2021-2028.


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The countries considered for analysis in this market are:

•        The United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

Chocolate is a widely popular product across the region. Moreover, premium chocolate brands are available across the UAE and Saudi Arabia. This rise in premium chocolate, such as Ferrero and Lindt, is considered a wealth symbol across the region. Furthermore, Africa is the topmost cocoa contributor, with many cocoa beans produced in West African nations, such as Ghana, Nigeria, and Ivory Coast. Here, Ghana and Ivory Coast are the two largest producers of cocoa. The rising innovation in cocoa processing and increasing investments by companies majorly support the cocoa market’s progress in the region.

In the United Arab Emirates, chocolate is gaining substantial traction. As a result, a majority of chocolate is imported into the country. Additionally, the surge in disposable income and growing awareness has led to a shift in purchasing patterns of chocolate. For instance, consumers are opting for healthy options in chocolate. Moreover, the government is taking proactive measures to raise awareness about healthy eating. This has surged the demand for premium chocolate. In this regard, high cocoa content offers medical benefits, opted by health-conscious consumers. Therefore, as stated above, all these factors are driving the growth of the cocoa market across the United Arab Emirates.

Olam International Limited is an international integrated supplier of raw and processed agricultural commodities. The group sources, processes, stores, and distributes agriculture products to its clients. Moreover, the company offers insurance-related services. Olam’s product line includes cocoa, coffee, grains, hazelnuts, palm oil, and spices, among others. It has operations across various regions, including the Middle East and Africa. 

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Table of Content

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)

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