Middle East and Africa Cocoa Market Report and Forecast 2025-2034
Description
The Middle East and Africa cocoa market cocoa market was valued at USD 2.06 Billion in 2024. The industry is expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034 to attain a valuation of USD 3.32 Billion by 2034.
Middle East and Africa Cocoa Market Growth
The food and beverage sector in the Middle East and Africa extensively utilises cocoa in various forms. Cocoa seeds are used as powder and butter to impart good colour and texture to food products and enhance their taste. Cocoa plays a crucial role in the bakery sector, adding colour and richness to a variety of baked goods. The inclusion of cocoa in products like cakes, cookies, pastries, brownies, and muffins provides a characteristic flavour and taste. In the dairy industry, cocoa enhances the flavour profile of numerous products.
In March 2024, Bunge launched Coberine 206 in Asia and the Middle East. This shea-based cocoa butter equivalent (CBE) addresses shelf-life challenges in soft chocolate and ganache products. Combine 206 offers a premium taste, extends the shelf life of products up to 12 months, and reduces storage costs. This innovation aims to revolutionise the artisanalchocolate marketin these regions.
In the cosmetics industry, cocoa butter is highly valued for its moisturising properties, making it a common ingredient in products such as lotions, creams, lip balms, and soaps. In the pharmaceutical industry, cocoa extracts and derivatives are incorporated into health supplements and medicinal products to capitalise on cocoa's potential health benefits, including its antioxidant properties, reducing cancer risks, and its role in promoting cardiovascular health.
Middle East and Africa Cocoa Market Segmentation
Middle East and Africa Cocoa Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Cocoa Butter
Cocoa Powder
Cocoa Liquor
Market Breakup by Application
Food and Beverages
Cosmetics and Pharmaceutical
Others
Market Segmentation by Country
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others
Middle East and Africa Cocoa Market Share
The cocoa market is segmented by type into cocoa butter, cocoa powder, and cocoa liquor. In the Middle East and Africa, cocoa butter products are used to provide smooth textures and rich flavours, essential for high-quality chocolate and skincare products. Over the forecast period, the cocoa powder segment is expected to witness significant growth, driven by increasing demand for cocoa-infused baked goods and beverages due to changing consumer preferences and dietary habits. This rise in demand is fuelled by cocoa powder's versatility and its health benefits.
Leading Companies in the Middle East and Africa Cocoa Market
Cargill Inc.
Barry Callebaut AG
Hershey Co.
Nestle S.A.
Mondelez International, Inc.
BASF SE
Buhler AG
Olam International Ltd
Ferrero International S.A.
Mars Inc.
Others
Major companies in the cocoa market are enhancing their market share by focusing on sustainability and innovation. They invest in responsible sourcing and support for cocoa farmers, ensuring a stable supply chain. Additionally, companies are expanding their product portfolios to cater to evolving consumer preferences and health trends. These strategies help them meet growing demand and strengthen their market positions.
Middle East and Africa Cocoa Market Growth
The food and beverage sector in the Middle East and Africa extensively utilises cocoa in various forms. Cocoa seeds are used as powder and butter to impart good colour and texture to food products and enhance their taste. Cocoa plays a crucial role in the bakery sector, adding colour and richness to a variety of baked goods. The inclusion of cocoa in products like cakes, cookies, pastries, brownies, and muffins provides a characteristic flavour and taste. In the dairy industry, cocoa enhances the flavour profile of numerous products.
In March 2024, Bunge launched Coberine 206 in Asia and the Middle East. This shea-based cocoa butter equivalent (CBE) addresses shelf-life challenges in soft chocolate and ganache products. Combine 206 offers a premium taste, extends the shelf life of products up to 12 months, and reduces storage costs. This innovation aims to revolutionise the artisanalchocolate marketin these regions.
In the cosmetics industry, cocoa butter is highly valued for its moisturising properties, making it a common ingredient in products such as lotions, creams, lip balms, and soaps. In the pharmaceutical industry, cocoa extracts and derivatives are incorporated into health supplements and medicinal products to capitalise on cocoa's potential health benefits, including its antioxidant properties, reducing cancer risks, and its role in promoting cardiovascular health.
Middle East and Africa Cocoa Market Segmentation
Middle East and Africa Cocoa Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Cocoa Butter
Cocoa Powder
Cocoa Liquor
Market Breakup by Application
Food and Beverages
Cosmetics and Pharmaceutical
Others
Market Segmentation by Country
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others
Middle East and Africa Cocoa Market Share
The cocoa market is segmented by type into cocoa butter, cocoa powder, and cocoa liquor. In the Middle East and Africa, cocoa butter products are used to provide smooth textures and rich flavours, essential for high-quality chocolate and skincare products. Over the forecast period, the cocoa powder segment is expected to witness significant growth, driven by increasing demand for cocoa-infused baked goods and beverages due to changing consumer preferences and dietary habits. This rise in demand is fuelled by cocoa powder's versatility and its health benefits.
Leading Companies in the Middle East and Africa Cocoa Market
Cargill Inc.
Barry Callebaut AG
Hershey Co.
Nestle S.A.
Mondelez International, Inc.
BASF SE
Buhler AG
Olam International Ltd
Ferrero International S.A.
Mars Inc.
Others
Major companies in the cocoa market are enhancing their market share by focusing on sustainability and innovation. They invest in responsible sourcing and support for cocoa farmers, ensuring a stable supply chain. Additionally, companies are expanding their product portfolios to cater to evolving consumer preferences and health trends. These strategies help them meet growing demand and strengthen their market positions.
Table of Contents
138 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Cocoa Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Cocoa Historical Market (2018-2024)
- 5.3 Global Cocoa Market Forecast (2025-2034)
- 5.4 Global Cocoa Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Middle East and Africa Cocoa Market Overview
- 6.1 Key Industry Highlights
- 6.2 Middle East and Africa Cocoa Historical Market (2018-2024)
- 6.3 Middle East and Africa Cocoa Market Forecast (2025-2034)
- 7 Middle East and Africa Cocoa Market by Type
- 7.1 Cocoa Butter
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Cocoa Powder
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Cocoa Liquor
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Middle East and Africa Cocoa Market by Application
- 8.1 Food and Beverages
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Cosmetics and Pharmaceuticals
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Others
- 9 Middle East and Africa Cocoa Market by Country
- 9.1 Saudi Arabia
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 United Arab Emirates
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Nigeria
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 South Africa
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Value Chain Analysis
- 12 Trade Data Analysis (HS Code – 183, 1804, 1805)
- 12.1 Major Exporting Countries
- 12.1.1 By Value
- 12.1.2 By Volume
- 12.2 Major Importing Countries
- 12.2.1 By Value
- 12.2.2 By Volume
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 Cargill Inc.
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Barry Callebaut AG
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 Hershey Co.
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 Nestle S.A.
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 Mondelez International, Inc.
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 BASF SE
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 Buhler AG
- 14.5.7.1 Company Overview
- 14.5.7.2 Product Portfolio
- 14.5.7.3 Demographic Reach and Achievements
- 14.5.7.4 Certifications
- 14.5.8 Ferrero International S.A.
- 14.5.8.1 Company Overview
- 14.5.8.2 Product Portfolio
- 14.5.8.3 Demographic Reach and Achievements
- 14.5.8.4 Certifications
- 14.5.9 Olam International Ltd.
- 14.5.9.1 Company Overview
- 14.5.9.2 Product Portfolio
- 14.5.9.3 Demographic Reach and Achievements
- 14.5.9.4 Certifications
- 14.5.10 Mars Inc.
- 14.5.10.1 Company Overview
- 14.5.10.2 Product Portfolio
- 14.5.10.3 Demographic Reach and Achievements
- 14.5.10.4 Certifications
- 14.5.11 Others
Pricing
Currency Rates
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