Market Forecast By Cocoa Types (Cocoa Butter, Cocoa Powder, Cocoa Liquor), By Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate, Filled Chocolate), By Applications (Confectionery, Food & Beverage, Cosmetics, Pharmaceuticals), By Distribution Channel (Offline , Online ) And Competitive Landscape
Product Code: ETC018966 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Jordan Chocolate and Cocoa Products Market |
Forecast period | 2025-2031 |
CAGR | 5% |
Growing Sector | Food & Beverage |
The Jordan Chocolate and Cocoa Products Market report thoroughly covers the market by Cocoa Type, Chocolate Type, Applications, and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Jordan Chocolate and Cocoa Products Market has witnessed growth over the past years and is projected to grow at a steady rate in the coming years. This growth is attributed to numerous factors such as rising disposable income, a growing young population, the tourism industry, and government support.
According to 6Wresearch, the Jordan Chocolate and Cocoa Products Market size is expected to grow at a significant CAGR of 5% during 2025-2031. One of the key drivers for this market is the rising disposable income of consumers in Jordan. As people's income increases, they tend to spend more on premium products like chocolates and cocoa-based products. Furthermore, with a growing young population in Jordan, there has been an increase in the consumption of Western food habits, which includes chocolates and other cocoa-based treats. Moreover, the country's tourism industry is also a major contributor to the demand for chocolate and cocoa products, as tourists often purchase these items as souvenirs or gifts.
One of the main challenges is the high cost of production due to limited domestic cultivation of cocoa beans. Another challenge is the fluctuating prices of raw materials and ingredients used in chocolate production.
Nestlé Middle East, Mars Incorporated, Mondelez International, United Cocoa Processor (UCP), Al Nassma Chocolate LLC, Arcor Group, and Rocky Mountain Chocolate Factory are some of the top players in the Jordan chocolate and cocoa market, each with their unique strengths and offerings.
The establishment of a specialized department within the Ministry of Agriculture to support local cocoa farmers is a major initiative taken by the government. This department provides training, technical assistance, and financial aid to help improve farming techniques and increase productivity. The government has also implemented policies to attract foreign investments in the cocoa sector. This includes tax incentives, streamlined business registration processes, and reduced import duties on raw materials for chocolate production. Another important step taken by the government is promoting Jordan as a tourist destination for chocolate lovers. Furthermore, the government has also worked towards improving the infrastructure for cocoa production and export.
The future of the Jordan Chocolate and Cocoa Products Market looks promising, with a growing demand for premium chocolate products and an increasing number of health-conscious consumers. There is also potential for growth in export markets, as Jordanian companies have been expanding their presence globally. Technological advancements are expected to play a significant role in shaping the market, with innovations such as personalized chocolates and sustainable packaging gaining traction.
According to Ravi Bhandari, Research Head, 6Wresearch, the cocoa butter segment is currently experiencing the highest growth in the Jordan Chocolate and Cocoa Products market. This can be attributed to the increasing demand for natural and organic ingredients in various industries, including food & beverage, cosmetics, and pharmaceuticals.
In terms of chocolate types, dark chocolate is witnessing significant growth due to its perceived health benefits and rising demand for premium chocolate products.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Chocolate and Cocoa Products Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Chocolate and Cocoa Products Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan Chocolate and Cocoa Products Market - Industry Life Cycle |
3.4 Jordan Chocolate and Cocoa Products Market - Porter's Five Forces |
3.5 Jordan Chocolate and Cocoa Products Market Revenues & Volume Share, By Cocoa Types, 2021 & 2031F |
3.6 Jordan Chocolate and Cocoa Products Market Revenues & Volume Share, By Chocolate Type, 2021 & 2031F |
3.7 Jordan Chocolate and Cocoa Products Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Jordan Chocolate and Cocoa Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Jordan Chocolate and Cocoa Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Chocolate and Cocoa Products Market Trends |
6 Jordan Chocolate and Cocoa Products Market, By Types |
6.1 Jordan Chocolate and Cocoa Products Market, By Cocoa Types |
6.1.1 Overview and Analysis |
6.1.2 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Types, 2021-2031F |
6.1.3 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Butter, 2021-2031F |
6.1.4 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Powder, 2021-2031F |
6.1.5 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Liquor, 2021-2031F |
6.2 Jordan Chocolate and Cocoa Products Market, By Chocolate Type |
6.2.1 Overview and Analysis |
6.2.2 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Dark Chocolate, 2021-2031F |
6.2.3 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Milk Chocolate, 2021-2031F |
6.2.4 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By White Chocolate, 2021-2031F |
6.2.5 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Filled Chocolate, 2021-2031F |
6.3 Jordan Chocolate and Cocoa Products Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Confectionery, 2021-2031F |
6.3.3 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.4 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.5 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4 Jordan Chocolate and Cocoa Products Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Offline , 2021-2031F |
6.4.3 Jordan Chocolate and Cocoa Products Market Revenues & Volume, By Online , 2021-2031F |
7 Jordan Chocolate and Cocoa Products Market Import-Export Trade Statistics |
7.1 Jordan Chocolate and Cocoa Products Market Export to Major Countries |
7.2 Jordan Chocolate and Cocoa Products Market Imports from Major Countries |
8 Jordan Chocolate and Cocoa Products Market Key Performance Indicators |
9 Jordan Chocolate and Cocoa Products Market - Opportunity Assessment |
9.1 Jordan Chocolate and Cocoa Products Market Opportunity Assessment, By Cocoa Types, 2021 & 2031F |
9.2 Jordan Chocolate and Cocoa Products Market Opportunity Assessment, By Chocolate Type, 2021 & 2031F |
9.3 Jordan Chocolate and Cocoa Products Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Jordan Chocolate and Cocoa Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Jordan Chocolate and Cocoa Products Market - Competitive Landscape |
10.1 Jordan Chocolate and Cocoa Products Market Revenue Share, By Companies, 2024 |
10.2 Jordan Chocolate and Cocoa Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |