Africa Chocolate Market (2019-2025) | Size, Share, Trends, Growth, Revenue, Analysis, Forecast, industry & Outlook

Latest 2023 Development of the Africa Chocolate Market

Africa Chocolate Market is a rapidly growing industry along with many new developments undergone over the years. Some of the latest trends in the chocolate market of Africa are the development of new chocolate products such as dark chocolate with African spices, milk chocolate with African nuts, and white chocolate with African fruits. This expansion of chocolates is helping to differentiate African chocolate from other chocolate products and create a unique identity for the Africa Chocolate Industry.

Many African countries are increasing their chocolate production to meet the growing demand for both domestic and international purposes. This has led to a significant increase in exports and has helped to boost the economies. The focus on sustainable and ethical sourcing by many African chocolate companies includes paying fair prices for the cocoa, sourcing cocoa from farmers who use sustainable agriculture techniques and promoting environment-friendly production methods. African companies are expanding into new markets within Africa and across the globe. This is helping to increase their reach and boost sales for chocolates. The Africa Chocolate Industry is poised for continued growth as new developments and projects are further promoting Africa chocolate products.

Africa Chocolate Market Synopsis

Africa Chocolate market is projected to grow over the coming years due to cocoa production and the rising disposable income of middle-class consumers. Africa holds a dominant share in the world’s cocoa production as it is one of the major suppliers of cocoa beans, However, the region has been estranged from consuming by-products of cocoa such as chocolate for many years but strong growth is expected in Africa’s chocolate consumption patterns. The growth rate of chocolate consumption in African countries is comparable with that of China and India, the two fastest-growing chocolate markets in the world.

According to 6Wresearch, the Africa Chocolate market size is projected to grow at a CAGR of 4.6% during 2019–2025.  This is due to remarkable improvements in economic growth, expanding modern retail shops, rapid urbanization, and a possible preference towards Westernized taste. Moreover, increasing investment by companies in attractive packaging would further propel the market growth during the forecast period.

In terms of regions, South Africa dominated the Africa Chocolate market owing to the presence of a large number of companies dealing in the product as compared to other countries as well as increased consumer demand in the region. Additionally, supermarkets and hypermarkets are the dominant distribution channels and are expected to register maximum growth over the coming years as well owing to a variety of chocolates and promotional schemes available in the region.

The Africa Chocolate market report comprehensively covers the market by product type, distribution channels, Chocolate type, and by key countries including South Africa. The Africa Chocolate market outlook report provides an unbiased and detailed analysis of the Africa Chocolate market trends, Africa Chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

The Africa chocolate market is anticipated to grow fast in the upcoming years, on the back of one factor is Cocoa which plays a significant role in raising the sale of chocolate in the Africa market. Africa carries a large production centre in the planting of cocoa which intended an easy availability of highly rich cocoa chocolate registered to a larger scope of growth of Africa chocolate market. Moreover, People carry different preferences which are categorized into several product forms i.e milk chocolate, white chocolate, and dark chocolate. And in Africa, the availability is intended to raise the demand for dark chocolate more which leads to an increase in the growth rate of the chocolate market in Africa in upcoming years.

Key Highlights of the Report

• Africa Chocolate Market Overview
• Africa Chocolate Market Outlook
• Africa Chocolate Market Forecast
• Historical Data of Africa Chocolate Market Revenues for the Period 2015-2018
• Africa Chocolate Market Size & Africa Chocolate Market Forecast of Revenues, Until 2025
• Historical Data of Africa Chocolate Market Revenues, By Product Type, for the Period 2015-2018
• Market Size & Forecast of Africa Chocolate Market Revenues, By Product Type, Until 2025
• Historical Data of Africa Chocolate Market Revenues, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Africa Chocolate Market Revenues, By Distribution Channels, Until 2025
• Historical Data of Africa Chocolate Market Revenues, By Chocolate Type, for the Period 2015-2018
• Market Size & Forecast of Africa Chocolate Market Revenues, By Chocolate Type, Until 2025
• Historical Data of South Africa Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the South Africa Chocolate Market Revenues, Until 2025
• Market Drivers and Restraints
• Africa Chocolate Market Price Trends
• Africa Chocolate Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Chocolate Market Share, By Countries
• Africa Chocolate Market Share, By Players
• Africa Chocolate Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Africa Chocolate market report provides a detailed analysis of the following market segments:

By Product Type

• Milk Chocolate
• White Chocolate
• Dark Chocolate

By Distribution Channels

• Supermarkets/ Hypermarkets
• Grocery/Mom-n-Pop Stores
• Convenience Stores
• Online Channel
• Others (Specialized Retailers, pharmacies, etc.)

By Chocolate Type

• Count lines & Straight lines
• Molded or Bar Chocolates
• Choco-panned & Sugar panned
• Others (Box chocolates, novelties)

By Countries

• South Africa
• Rest of Africa

Africa Chocolate Market: FAQs