Middle East Chocolate Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 2.70 Billion |
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Market Size (2030) | USD 3.78 Billion |
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Largest Share by Distribution Channel | Convenience Store |
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CAGR (2024 - 2030) | 5.81 % |
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Largest Share by Country | Saudi Arabia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East Chocolate Market Analysis
The Middle East Chocolate Market size is estimated at 2.70 billion USD in 2024, and is expected to reach 3.78 billion USD by 2030, growing at a CAGR of 5.81% during the forecast period (2024-2030).
2.70 Billion
Market Size in 2024 (USD)
3.78 Billion
Market Size in 2030 (USD)
3.64 %
CAGR (2018-2023)
5.81 %
CAGR (2024-2030)
Largest Segment by Confectionery Variant
67.30 %
value share, Milk and White Chocolate, 2023
The innovative flavor offerings possible in white chocolate, followed by the preference for varied taste profiles in the region, are anticipated to drive segmental growth.
Largest Segment by Distribution Channel
45.35 %
value share, Convenience Store, 2023
Rapid development in the sector with respect to the growing number of convenience stores across the region with an increased product base is making it the largest segment.
Fastest-growing Segment by Confectionery variant
6.16 %
Projected CAGR, Dark Chocolate, 2024-2030
The increasing demand for low-fat and sugar-free chocolates, catalyzed by growing health consciousness among individuals, is anticipated to drive demand for dark chocolate.
Fastest-growing Segment by Distribution Channel
7.58 %
Projected CAGR, Online Retail Store, 2024-2030
The increased adoption of e-commerce platforms among consumers and the growing presence of online retailers are anticipated to drive the segment during the forecast period.
Leading Market Player
37.77 %
market share, Mars Incorporated, 2022
The presence of exhaustive product offerings, along with a larger distribution network and a wider presence throughout the region, has made Mars a leading market player.
Dominance of convenience stores and supermarkets/hypermarkets due to increased shopping facilities and brand availability led to chocolate sales in the region
- In the Middle East, the overall retailing segment has maintained a growth rate of 5.28% by value in 2023 as compared to 2022. The projected expansion is driven by consumers' increasing preference for convenience shopping facilities within the market. Within the retailing segment, the convenience stores segment is the largest retailing unit in terms of volume in 2023. Some of the popular convenience stores in the Middle East are Spinneys, LuLu Express, 7-Eleven, Zoom, Fresh Plus, and Circle K. By 2028, the convenience store segment in the Middle East is estimated to register a growth of 6.37% by volume.
- Supermarkets and hypermarkets are the second-largest channels in the Middle Eastern chocolate confectionery market. The channel grew by 4.77% by value in 2023 compared to 2022 in the overall distribution channels segment for the Middle East’s chocolate confectionery sales in 2023. The development of modern retail channels such as supermarkets or hypermarkets has made it feasible for consumers to purchase high-quality chocolate products. The proximity factor of these channels in the countries provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market.
- Online channels are the fastest-growing distribution channels, attaining a CAGR of 6.43% from 2023 to 2030, through which chocolate confectionery products are consumed in the region. Consumers prefer online channels as they provide quick, convenient delivery options. The high internet penetration in the region also drives the demand for these channels. Among all the countries in the region, the United Arab Emirates and Saudi Arabia had the highest internet penetration, at 99% as of July 2023.
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Substantial production and consumption of chocolates led by Saudi Arabia and UAE with value share of almost 70% in 2023
- The Middle Eastern chocolate market registered a growth of 5.28% by value in 2023 compared to 2022. The consumer demand for high-quality chocolate products, such as single-origin chocolates, organic chocolates, handmade chocolates, artisan chocolates, and other chocolate products, is a major factor driving the chocolate market across the region. Saudi Arabia and UAE were identified as the major markets in the region, which collectively accounted for a 63.38% value share in the overall chocolate sales in the region in 2023. The key driving factors are high production, rising consumer preference for premium chocolates, and adequate industry regulation to facilitate the manufacturing and trading of chocolates.
- Saudi Arabia is the largest chocolate producer in the GCC countries, supported by the highest consumption of chocolates in the country, including milk and dark chocolate products. As of 2023, there are more than 1,000 chocolate-producing sites in Saudi Arabia, with Riyadh accounting for the largest number of these (around 35%). Also, Saudi Arabia produces roughly 50% of the chocolate that it consumes. The consumption of chocolates in Saudi Arabia is anticipated to reach around USD 1534.01 million in 2030, registering a value CAGR of 4.45% between 2023 and 2030.
- Kuwait is the fastest-growing chocolate market in the region. The Kuwaiti chocolate market is anticipated to grow by a value of 16.03% during 2023-2025. Dark chocolate is the leading category, accounting for 26.15% of the value of the overall chocolate market in 2023. The growth is attributed to the country's higher rates of lifestyle disorders. Kuwait ranks first worldwide in obesity and second in diabetes rates, with 77% of Kuwait’s population being overweight and over 40% obese in 2023.
Middle East Chocolate Market Trends
The younger population in the Middle East purchases more chocolates for special occasions such as Eid, Ramzan, and others, which resulted in more than 40% of sales in the chocolate segment in 2022
- The region has a large population of young people and the entire population in Middle Eastern countries, contributing to the increasing demand for chocolates in the region. In Saudi Arabia, milk chocolate is preferred, and consumption peaks around middle school age (13-16), while in 2022, 40% of UAE consumers consumed dark chocolate.
- Packaging remains consumers' first impression of chocolate confectioneries among other attributes, which determines the likelihood of purchasing. Flexible plastic is most popular, with some cartons used for boxed assortments and, in some cases, bars.
- Consumers in the Middle East are becoming more interested in premium chocolate confectionary items and are choosing luxurious confectionery, and they are increasingly seeking out high-end premium chocolate products in line with rising incomes and the increased desire for premium products.
- The Middle East’s love of confectionery is well known but its appetite for chocolate confectionery is changing, gradually moving toward more healthy ingredients. Health concerns are making dark chocolate and chocolate with nuts popular options.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Incorporation of functional ingredients is boosting demand for chocolates in the region
Middle East Chocolate Industry Overview
The Middle East Chocolate Market is fairly consolidated, with the top five companies occupying 70.30%. The major players in this market are Ferrero International SA, Mars Incorporated, Mondelēz International Inc., Nestlé SA and Strauss Group Ltd (sorted alphabetically).
Middle East Chocolate Market Leaders
Ferrero International SA
Mars Incorporated
Mondelēz International Inc.
Nestlé SA
Strauss Group Ltd
Other important companies include Berry Callebaut, Bostani Chocolatier Inc., Chocoladefabriken Lindt & Sprüngli AG, Dadash Baradar Industrial Co., IFFCO, Lee Chocolate LLC, Makaw Chocolate LLC, Parand Chocolate Co., Patchi LLC, Shirin Asal Food Industrial Group, The Hershey Company, Yıldız Holding AS.
*Disclaimer: Major Players sorted in alphabetical order.
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Middle East Chocolate Market News
- November 2022: Nestlé announced plans to invest SAR 7 billion in the Kingdom of Saudi Arabia in the coming ten years in a strategic move to grow its longstanding business in the country, beginning with up to USD 99.6 million to establish a cutting-edge manufacturing plant – which is set to open in 2025.
- November 2022: Barry Callebaut launched 100% dairy-free and plant-based chocolate NXT in Saudi Arabia. NXT is the first-of-its-kind dairy-free, lactose-free, nut-free, allergen-free, 100% plant-based, and vegan dark and milk chocolate to respond to the growing demand for plant-based foods across the country.
- September 2022: Barry Callebaut launched its line of whole-fruit chocolates under the Cacao Barry brand in the United Arab Emirates. The product has less sugar than conventional dark chocolate and is made from pure cacao fruit.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.
Middle East Chocolate Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Regulatory Framework
- 4.2 Consumer Buying Behavior
- 4.3 Ingredient Analysis
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Confectionery Variant
- 5.1.1 Dark Chocolate
- 5.1.2 Milk and White Chocolate
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5.2 Distribution Channel
- 5.2.1 Convenience Store
- 5.2.2 Online Retail Store
- 5.2.3 Supermarket/Hypermarket
- 5.2.4 Others
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5.3 Country
- 5.3.1 Bahrain
- 5.3.2 Kuwait
- 5.3.3 Oman
- 5.3.4 Qatar
- 5.3.5 Saudi Arabia
- 5.3.6 United Arab Emirates
- 5.3.7 Rest of Middle East
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Berry Callebaut
- 6.4.2 Bostani Chocolatier Inc.
- 6.4.3 Chocoladefabriken Lindt & Sprüngli AG
- 6.4.4 Dadash Baradar Industrial Co.
- 6.4.5 Ferrero International SA
- 6.4.6 IFFCO
- 6.4.7 Lee Chocolate LLC
- 6.4.8 Makaw Chocolate LLC
- 6.4.9 Mars Incorporated
- 6.4.10 Mondelēz International Inc.
- 6.4.11 Nestlé SA
- 6.4.12 Parand Chocolate Co.
- 6.4.13 Patchi LLC
- 6.4.14 Shirin Asal Food Industrial Group
- 6.4.15 Strauss Group Ltd
- 6.4.16 The Hershey Company
- 6.4.17 Yıldız Holding AS
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 2:
- VALUE OF CHOCOLATE MARKET, USD, MIDDLE EAST, 2018 - 2030
- Figure 3:
- VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 4:
- VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, MIDDLE EAST, 2018 - 2030
- Figure 5:
- VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 6:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 7:
- VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 8:
- VALUE OF DARK CHOCOLATE MARKET, USD, MIDDLE EAST, 2018 - 2030
- Figure 9:
- VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2023 VS 2030
- Figure 10:
- VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 11:
- VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, MIDDLE EAST, 2018 - 2030
- Figure 12:
- VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2023 VS 2030
- Figure 13:
- VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 14:
- VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, MIDDLE EAST, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 16:
- VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 17:
- VOLUME OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 18:
- VALUE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, USD, MIDDLE EAST, 2018 - 2030
- Figure 19:
- VALUE SHARE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, MIDDLE EAST, 2023 VS 2030
- Figure 20:
- VOLUME OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 21:
- VALUE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, USD, MIDDLE EAST, 2018 - 2030
- Figure 22:
- VALUE SHARE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, MIDDLE EAST, 2023 VS 2030
- Figure 23:
- VOLUME OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 24:
- VALUE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, MIDDLE EAST, 2018 - 2030
- Figure 25:
- VALUE SHARE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, MIDDLE EAST, 2023 VS 2030
- Figure 26:
- VOLUME OF CHOCOLATE MARKET SOLD VIA OTHERS, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 27:
- VALUE OF CHOCOLATE MARKET SOLD VIA OTHERS, USD, MIDDLE EAST, 2018 - 2030
- Figure 28:
- VALUE SHARE OF CHOCOLATE MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, MIDDLE EAST, 2023 VS 2030
- Figure 29:
- VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, MIDDLE EAST, 2018 - 2030
- Figure 30:
- VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, MIDDLE EAST, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 32:
- VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030
- Figure 33:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BAHRAIN, 2018 - 2030
- Figure 34:
- VALUE OF CHOCOLATE MARKET, USD, BAHRAIN, 2018 - 2030
- Figure 35:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BAHRAIN, 2023 VS 2030
- Figure 36:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, KUWAIT, 2018 - 2030
- Figure 37:
- VALUE OF CHOCOLATE MARKET, USD, KUWAIT, 2018 - 2030
- Figure 38:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, KUWAIT, 2023 VS 2030
- Figure 39:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, OMAN, 2018 - 2030
- Figure 40:
- VALUE OF CHOCOLATE MARKET, USD, OMAN, 2018 - 2030
- Figure 41:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, OMAN, 2023 VS 2030
- Figure 42:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, QATAR, 2018 - 2030
- Figure 43:
- VALUE OF CHOCOLATE MARKET, USD, QATAR, 2018 - 2030
- Figure 44:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, QATAR, 2023 VS 2030
- Figure 45:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SAUDI ARABIA, 2018 - 2030
- Figure 46:
- VALUE OF CHOCOLATE MARKET, USD, SAUDI ARABIA, 2018 - 2030
- Figure 47:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SAUDI ARABIA, 2023 VS 2030
- Figure 48:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 49:
- VALUE OF CHOCOLATE MARKET, USD, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 50:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 51:
- VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2018 - 2030
- Figure 52:
- VALUE OF CHOCOLATE MARKET, USD, REST OF MIDDLE EAST, 2018 - 2030
- Figure 53:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF MIDDLE EAST, 2023 VS 2030
- Figure 54:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MIDDLE EAST, 2018 - 2023
- Figure 55:
- MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST, 2018 - 2023
- Figure 56:
- VALUE SHARE OF MAJOR PLAYERS, %, MIDDLE EAST, 2022
Middle East Chocolate Industry Segmentation
Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates are covered as segments by Country.
- In the Middle East, the overall retailing segment has maintained a growth rate of 5.28% by value in 2023 as compared to 2022. The projected expansion is driven by consumers' increasing preference for convenience shopping facilities within the market. Within the retailing segment, the convenience stores segment is the largest retailing unit in terms of volume in 2023. Some of the popular convenience stores in the Middle East are Spinneys, LuLu Express, 7-Eleven, Zoom, Fresh Plus, and Circle K. By 2028, the convenience store segment in the Middle East is estimated to register a growth of 6.37% by volume.
- Supermarkets and hypermarkets are the second-largest channels in the Middle Eastern chocolate confectionery market. The channel grew by 4.77% by value in 2023 compared to 2022 in the overall distribution channels segment for the Middle East’s chocolate confectionery sales in 2023. The development of modern retail channels such as supermarkets or hypermarkets has made it feasible for consumers to purchase high-quality chocolate products. The proximity factor of these channels in the countries provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market.
- Online channels are the fastest-growing distribution channels, attaining a CAGR of 6.43% from 2023 to 2030, through which chocolate confectionery products are consumed in the region. Consumers prefer online channels as they provide quick, convenient delivery options. The high internet penetration in the region also drives the demand for these channels. Among all the countries in the region, the United Arab Emirates and Saudi Arabia had the highest internet penetration, at 99% as of July 2023.
| Confectionery Variant | Dark Chocolate |
| Milk and White Chocolate | |
| Distribution Channel | Convenience Store |
| Online Retail Store | |
| Supermarket/Hypermarket | |
| Others | |
| Country | Bahrain |
| Kuwait | |
| Oman | |
| Qatar | |
| Saudi Arabia | |
| United Arab Emirates | |
| Rest of Middle East |
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Market Definition
- Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
- Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
- Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
- Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
| Keyword | Definition |
|---|---|
| Dark Chocolate | Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk. |
| White Chocolate | White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent. |
| Milk Chocolate | Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product. |
| Hard Candy | A candy made of sugar and corn syrup boiled without crystallizing. |
| Toffees | A hard, chewy, often brown sweet that is made from sugar boiled with butter. |
| Nougats | A chewy or brittle candy containing almonds or other nuts and sometimes fruit. |
| Cereal bar | A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup. |
| Protein bar | Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats. |
| Fruit & Nut bar | These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings. |
| NCA | The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats. |
| CGMP | Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies. |
| Unstandardized foods | Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner. |
| GI | The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time |
| Skimmed milk powder | Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying. |
| Flavanols | Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages. |
| WPC | Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein. |
| LDL | Low density Lipoprotein- the bad cholesterol |
| HDL | High density Lipoprotein- the good cholesterol |
| BHT | butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative. |
| Carrageenan | Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks. |
| Free form | Not containing certain ingredients, such as gluten, dairy, or sugar. |
| Cocoa butter | It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery. |
| Pastellies | A type of of Brazilian candy made from sugar, eggs, and milk. |
| Draggees | Small, round candies that are coated with a hard sugar shell |
| CHOPRABISCO | Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry. |
| European Directive 2000/13 | A European Union directive that regulates the labeling of food products |
| Kakao-Verordnung | The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany. |
| FASFC | Federal Agency for the Safety of the Food Chain |
| Pectin | A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture. |
| Invert sugars | A type of sugar that is made up of glucose and fructose. |
| Emulsifier | A substance that helps to mix to liquids that does not mix together. |
| Anthocyanins | A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery. |
| Functional Foods | Foods that have been modified to provide additional health benefits beyond basic nutrition. |
| Kosher certificate | This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law |
| Chicory root extract | A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate |
| RDD | Recommended daily dose |
| Gummies | A chewy gelatin-based candy that is often flavored with fruit. |
| Nutraceuticals | Food or dietary supplements that are claimed to have health benefits. |
| Energy bars | Snack bars that are high in carbohydrates and calories are designed to provide energy on the go. |
| BFSO | Belgian Food Safety Organization for the food chain. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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