DUBLIN, Jan. 29, 2015 /PRNewswire/ --Research and
Markets
(http://www.researchandmarkets.com/research/sk2zd6/uae_chocolate)
has announced the addition of the "UAE Chocolate Market Forecast
and Opportunities, 2019" report to their offering.
The country is emerging as a lucrative market for international
chocolate companies due to rising consumption of countlines and
boxed chocolates
According to a recently published report by TechSci Research UAE
Chocolate Market Opportunities & Forecast 2019, the UAE
chocolate market is projected to register a CAGR of around 6.09%
during 2014-19, in revenue terms. The UAE chocolate market is
emerging as one of the most potential markets across the globe due
to growing number of international chocolate companies along with
domestic players, changing taste and preferences of consumers in
the UAE, changing consumption patterns, rise in disposable income,
etc.
The availability of chocolates is gradually increasing due to rise
in the number of retail and distribution stores in the country. Due
to busier life schedule and intake of high-fat content food, the
country is also witnessing significant increase in the number of
diabetic and obese patients. Such consumers are demanding for
sugar-free chocolates that are manufactured using low-fat, organic
ingredients.
The report reveals that Mars GCC, Nestle Middle East FZE, Cadbury
Middle East FZE and Lindt & Sprungli Group are the major
chocolate companies operating in the UAE. These players are
offering their chocolate products to consumers through
hypermarkets, supermarkets, and convenience stores. Since many
consumers in the UAE prefer private labeled chocolates, some of the
domestic companies are even offering their chocolate offerings
under private labels at comparatively lower prices, while some
branded players are setting up high-end boutiques to address
premium chocolate demand among the high income group in the
country.
The UAE chocolate market is governed by various international,
domestic and private label players, offering diverse chocolates to
address the demand for various consumer segments in the country.
With rising number of diabetics in the country, the demand for dark
chocolates has spiked in the UAE. Due to significant growth in the
purchasing power of consumers and rising culture of gifting
chocolates, sales of premium boxed chocolates available in varied
shapes and attractive packaging are expected to grow in the coming
years. Said Mr. Karan Chechi,
Research Director with TechSci Research a research based global
management consulting firm.
Considering the growth opportunities existing in regions like
Dubai and Abu Dhabi and low entry barriers to the
industry, a number of new entrants are expected to foray into
chocolate business in the near future, added by Mr Chechi.
UAE Chocolate Market Forecast & Opportunities, 2019 has
evaluated the future growth potential of UAE chocolate market and
provides statistics and information on market structure, consumer
behavior trends. The report is intended to provide cutting-edge
market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers,
challenges and opportunities available in the UAE chocolate
market.
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Global Chocolate Market Overview
4. UAE Chocolate Market Outlook
5. UAE Countline Chocolate Market Outlook
6. UAE Molded Chocolate Bar Market Outlook
7. UAE Boxed Chocolate Market Outlook
8. Supply Chain Analysis
9. Market Dynamics
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. UAE Chocolate Market Import & Export Analysis
13. UAE Economic Profile
14. Comparative Landscape
15. Company Profiles
16. Strategic Recommendations
17. Annexure
Companies Mentioned:
- Best Foods
- Cadbury Middle East FZE
- Ferrero SpA
- IFFCO
- Le Chocolat L.L.C
- Lindt & Sprungli Group
- Mars GCC
- Nestle Middle East FZE
- Notions Group
- Rocky Mountain Chocolate Factory
For more information visit
http://www.researchandmarkets.com/research/sk2zd6/uae_chocolate
Media Contact: Laura Wood
, +353-1-481-1716, press@researchandmarkets.net