Saudi Arabian Chocolate Market Set to Top $1.5 Billion by 2032, Driven by Growing Demand for Premium Products

The Saudi Arabian chocolate market is projected to reach $1.56 billion by 2032, growing at a CAGR of 4.86% from 2024-2032.

Milk chocolate has the largest market share at 38.9%, while conventional chocolate makes up 67.5% of the market.

Cocoa beans are the main ingredient, accounting for 41.6% of ingredients used.

Low-priced chocolate holds the highest market share at 48.5%, though demand for premium and artisanal chocolate is rising.

Top players include big multinationals like Mars, Mondelez, and Nestle, but local production is increasing.