Today Saudi Arabia is one of the leading producers of chocolate in the Middle East. You don’t have to be an expert to notice the growing number of stores selling chocolate in Saudi Arabia. And the Saudi Arabian chocolate market is huge. In the past 15 years, chocolate consumption in Saudi Arabia has increased from 1.83 KG per capita to 3.30 KG per capita. Today, Saudi Arabia is the 8th biggest market for chocolate in the world. Saudi Arabia’s chocolate market is expanding heavily. It was worth $481 million in 2014 and is expected to reach $946 million by 2019, at a Compound Annual Growth Rate (CAGR) of 12.0%. The chocolate market is more established in Saudi Arabia than in most of its surrounding states. Chocolate is consumed by people of all ages in Saudi Arabia, particularly light, sweet chocolate.
Hi, I’m Mazhar Manammal. Digital Marketing Executive. I entered the field of “Online Marketing” in 2018, and have more than three years experience in the field.
Saudi Arabia is a lucrative chocolate market. The country is one of the top five in the world for chocolate consumption. Saudi consumers will spend $2.6 billion on chocolate in 2020, up from $2.2 billion dollars in 2016. As the chocolate market grows, so does the demand for chocolate, and that’s both good news and bad news. Businesses need to become aware of the new trends in Saudi. The country is undergoing some social changes, and while it’s working toward bringing in more tourists, they face some challenges. There are some cultural aspects that make this market unique, that
According to a recent report by Deloitte, Arab chocolate exports increased by an amazing 468% between 2010 and 2016. During the same period, chocolate exports from the US increased by only 37%. That’s certainly a big jump, but it still pales in comparison to what the Middle Eastern market saw. With this kind of growth, you have to question why the demand is so high, and who’s buying all the chocolate? In Saudi Arabian chocolate market, Belgium Chocolate brands are having a huge market cap.
The Retail World Country Handbook has done an extensive analysis of the Saudi Arabian market for chocolate and the opportunities that are available for retail. This blog will look at the size of the market, the estimated size of the opportunity and the approach that retailers should take to grab a piece of this lucrative market. There is no denying the fact that there is a huge market for chocolates in Saudi Arabia. The only problem is that a lot of people don’t know about it. A great approach to marketing chocolates in Saudi Arabia is to focus on building an in-depth knowledge of the industry in Saudi Arabia. This will give you a base to start your marketing initiatives from.
With global markets now open, Saudi Arabia is showing enormous potential to be a major player in the international chocolate market. The growth of the chocolate market in Saudi Arabia is predicted to reach $1.7 billion by 2025. Saudi Arabia is already the fifth largest market of chocolate in the Arab world, and it seems like it is only a matter of time before it becomes the largest. There are several factors that are increasing the demand for chocolate in Saudi Arabia, including increased interest in eating healthy food, increased disposable income, and cultural factors. We hope this information was helpful for you and look forward to hearing from you if you have any additional questions. You can contact us at firstname.lastname@example.org