Product Code: ETC040161 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Candy market currently, in 2023, has witnessed an HHI of 704, Which has increased slightly as compared to the HHI of 630 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) candy market has been experiencing steady growth between 2020 and 2026. This market deals with the manufacturing, distribution, and sales of various confectionery products, including chocolates, gummies, hard candies, and other sweet treats. The market`s expansion can be attributed to various factors, including the UAE young and diverse population, increasing disposable income, and the demand for indulgent and innovative confectionery products.
One of the primary drivers of the UAE candy market is the country`s young and diverse population. With a significant portion of the population being children and teenagers, there is a constant demand for candies and sweet treats. Moreover, the UAE high disposable income and cosmopolitan lifestyle have led to increased spending on indulgent and high-quality confectionery products. Additionally, the popularity of special occasions and celebrations, such as Eid and Diwali, drives the demand for festive candies and gift options.
Despite the positive outlook, the UAE candy market faces certain challenges. One significant concern is the growing health consciousness among consumers. With increasing awareness about the health implications of excessive sugar consumption, some consumers may seek healthier alternatives to traditional candies. Confectionery manufacturers need to adapt to this shift in consumer preferences by offering sugar-free, low-calorie, and organic options to cater to health-conscious customers.
The Covid-19 pandemic had a significant impact on various industries, including the UAE candy market. During the pandemic, there was an initial surge in demand for comfort foods and indulgent treats, including candies, as consumers sought comfort during lockdowns and restrictions. However, as the UAE managed the pandemic and implemented recovery measures, the confectionery market gradually stabilized. Additionally, the pandemic`s economic impact on households may have influenced discretionary spending on non-essential items like candies.
The UAE candy market is characterized by the presence of several key players, including local and international confectionery manufacturers and suppliers. These companies offer a diverse range of candies, catering to different age groups and preferences. Some key players in the UAE candy market include Mars, Incorporated, Mondelez International, Ferrero Group, Nestl? S.A, The Hershey Company, Haribo and Perfetti Van Melle.
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 United Arab Emirates (UAE) Candy Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Candy Market Revenues & Volume, 2020 & 2030F |
3.3 United Arab Emirates (UAE) Candy Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Candy Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Candy Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 United Arab Emirates (UAE) Candy Market Revenues & Volume Share, By Distribution, 2020 & 2030F |
4 United Arab Emirates (UAE) Candy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Candy Market Trends |
6 United Arab Emirates (UAE) Candy Market, By Types |
6.1 United Arab Emirates (UAE) Candy Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Chocolate Candy, 2020-2030F |
6.1.4 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Non-Chocolate Candy, 2020-2030F |
6.2 United Arab Emirates (UAE) Candy Market, By Distribution |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Supermarkets and Hypermarkets, 2020-2030F |
6.2.3 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.2.4 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Specalist Retailers, 2020-2030F |
6.2.5 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Online Retail, 2020-2030F |
6.2.6 United Arab Emirates (UAE) Candy Market Revenues & Volume, By Others, 2020-2030F |
7 United Arab Emirates (UAE) Candy Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Candy Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Candy Market Imports from Major Countries |
8 United Arab Emirates (UAE) Candy Market Key Performance Indicators |
9 United Arab Emirates (UAE) Candy Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Candy Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 United Arab Emirates (UAE) Candy Market Opportunity Assessment, By Distribution, 2020 & 2030F |
10 United Arab Emirates (UAE) Candy Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Candy Market Revenue Share, By Companies, 2023 |
10.2 United Arab Emirates (UAE) Candy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |