UAE Chocolate Market (2022-2028) | Size, Share, Segmentation & 6Wresearch
UAE chocolate market witnessed steady growth in the previous few years owing to growth in the retail and hospitality & tourism sectors. The market was impacted negatively in the year 2020 on account of the COVID-19 pandemic outburst, which resulted in a temporary shutdown of retail stores thereby resulting in a decline in chocolate sales. However, the market revived soon and is expected to further grow during the forecast period on account of the expansion of the retail sector and rapid growth in the tourism sector post-covid. According to 6Wresearch, the UAE chocolate market size is projected to grow at a CAGR of 8.4% during 2022-28. UAE chocolate market is likely to experience significant growth in the forthcoming period on growing retail sales of confectionery products in UAE coupled with the upcoming 199 hotel projects across the country which would generate demand for chocolates from international visitors. Furthermore, the upcoming construction of malls and hypermarkets woul...