The gourmet dark chocolate market in the Gulf Cooperation Council (GCC) region is set for a dramatic expansion, with consumer demand forecast to nearly double over the next decade. This surge reflects rising household wealth, shifting consumer preferences toward premium and healthier treats, and rapid innovation in the food sector.
According to projections, the GCC dark chocolate market will grow from approximately US $1.52 billion in 2024 to US $3.01 billion by 2033, achieving a robust compound annual growth rate (CAGR) of about 7.9%. This upswing is driven by multiple factors, including growing health awareness particularly regarding antioxidants and lower sugar content alongside the desire for luxury experiences and gifting during festive occasions.
Key players driving this expansion are international multinationals such as Nestlé, Hershey’s, and Mondelez, as well as regional brands and premium retailers. The market landscape is further shaped by evolving distribution channels, with hypermarkets, supermarkets, and online platforms contributing to wider accessibility and consumer adoption.
For marketing, retail, food & beverage, and brand-management professionals in the Gulf, the booming gourmet chocolate segment presents a compelling opportunity. Tapping into premiumization, health-oriented marketing, and local flavor adaptations will be critical for brands seeking to capture the evolving tastes of affluent Gulf consumers a demographic increasingly open to indulging in high-quality, health-conscious chocolate offerings.
With the market poised for sustained growth, companies ready to innovate and adapt stand to benefit from the region’s appetite for dark chocolate a trend that shows no signs of slowing by 2033.
