Saudi Arabia Chocolate Market size to reach US$2.00B by 2033 – Research & Markets reports
As consumers become more health-conscious, there is a marked shift towards premium chocolates that prioritise quality.
SAUDI ARABIA – The Saudi Arabia chocolate market was valued at US$1.32 billion in 2024 and is expected to grow at a CAGR of 4.75% from 2025 to 2033, reaching US$2 billion by 2033, according to the study by Research and Market.
The market for chocolates in Saudi Arabia is highly growing. In Saudi Arabia, cultural festivals play a very important role in society.
These festivals are marked with gatherings and the gifting tradition, where chocolates have been perceived to be the symbols of pleasures and benevolence.
As a result of this adaptation of the old customs with western influence, the demand for chocolates increases during these events.
Additionally, the demand is increasingly influenced by customers’ evolving preferences, particularly towards premium quality and customisation.
As consumers become more health-conscious, there is a marked shift towards premium chocolates that prioritise quality.
The chocolate market in Northern and Central Saudi Arabia is growing due to urbanisation, increasing affluence, and cultural changes that favour Western life.
According to UN-Habitat, Saudi Arabia, one of the most urbanised countries in the world, is likely to reach over 90% urbanisation by 2030.
The disposable incomes are increasing, and people are demanding indulgent treats such as chocolates, with many local and international manufacturers catering to different choices.
The Western region of Saudi Arabia, which includes cities like Jeddah, Mecca, and Medina, is a considerable share of the country’s chocolate market.
This region has strong cultural and economic activities due to tourism and religious events, which boost chocolate consumption.
However, one significant challenge in the Saudi Arabian chocolate market is its reliance on imported cocoa and other raw materials.
Since the country does not produce cocoa domestically, it is very dependent on international suppliers. This situation exposes the market to international price fluctuations, supply chain disruptions, and trade restrictions that can elevate production costs.
Secondly, increasing health awareness among Saudi consumers is creating problems for traditional chocolate products.
Increased awareness about the ill effects of excessive sugar and fat intake has increased the demand for healthier options, such as sugar-free or organic chocolates.
This trend gives rise to an opportunity for growth, yet, for manufacturers, it involves a lot of innovation and re-formulation of the product that is time-consuming and expensive.
Companies failing to shift along with this trend face market share losses in the more competitive marketplace.
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