Press release
UAE Chocolate Market (2022-2028) | Size, Share, Segmentation & 6Wresearch
UAE chocolate market witnessed steady growth in the previous few years owing to growth in retail and hospitality & tourism sector. The market was impacted negatively in the year 2020 on account of the COVID-19 pandemic outburst, which resulted in temporary shutdown of retail stores thereby resulting in decline in chocolate sales. However, the market revived soon and is expected to further grow during the forecast period on account of expansion of retail sector and rapid growth in tourism sector post-covid.
According to 6Wresearch, UAE chocolate market size is projected to grow at CAGR of 8.4% during 2022-28. UAE chocolate market is likely to experience a significant growth in the forthcoming period on growing retail sales of confectionery products in UAE coupled with upcoming 199 hotel projects across the country which would generate demand for chocolates from international visitors . Furthermore, upcoming construction of malls and hypermarkets would further expand the sales network thereby supporting the growth in sales of chocolates in UAE.
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Market by Region Analysis
By regions, Dubai garnered the majority revenue share for the year 2021 and would continue to dominate the market in the coming years owing to revival of tourism sector in the region post-covid which witnessed a growth rate of around 32% in international overnight visitors in the year 2021 along with increasing retail sales in the emirate. Furthermore, Dubai's 2040 plan which focusses on rapid expansion of its tourism sector coupled with ongoing construction of malls and hypermarkets would aid the growth of UAE chocolate market during the forecast period.
Key Highlights of the Report
UAE Chocolate Market Overview
UAE Chocolate Market Outlook
UAE Chocolate Market Forecast
UAE Chocolate Market Trends
Covid-19 Impact on UAE Chocolate Market
UAE Chocolate Market Drivers and Restraints
UAE Chocolate Market PESTLE Analysis
UAE Chocolate Market Porter's Five Forces
UAE Chocolate Market Industry Life Cycle
UAE Chocolate Market Opportunity Assessment
UAE Chocolate Market Revenue Ranking, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
UAE Chocolate Market -Consumer Analysis
UAE Chocolate Market - Key Untapped Areas to Explore
UAE Chocolate Market Import-Export Trade Statistics
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