The market for chocolate confectionery is set for moderate growth, with projections indicating an increase of USD 27.7 million and a compound annual growth rate (CAGR) nearing 8.1% over the forecast period. Kenya’s chocolate confectionery market is benefiting from rising urbanization and an expanding middle class. As disposable incomes grow, consumers are increasingly turning to premium chocolate products, including both imported and local brands. The growing trend of gifting chocolates during festive seasons, such as Christmas and Eid, further stimulates demand, creating a strong seasonal market for chocolate confectionery in Kenya.
The report provides a comprehensive analysis of the Kenya chocolate confectionery industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the chocolate confectionery sector.
Market Segmentation
The segmentation of the Kenya chocolate confectionery market is outlined below:
Product type: boxed chocolates, countlines, pouches and bags, tablets
Type: regular, sugar-free
Distribution channel: supermarkets and hypermarkets, grocery stores, e-commerce, others
The Kenya chocolate confectionery market is segmented by product type, type and distribution channel. By product type, the market includes boxed chocolates, countlines, pouches and bags, and tablets. Type segments are divided into regular, and sugar-free. Distribution channel segmentation comprises supermarkets and hypermarkets, grocery stores, e-commerce, and others.
Competitive Landscape
The competitive landscape of the chocolate confectionery industry has been thoroughly analyzed, highlighting key players such as Tiger Brands Limited, The Hershey Company, Solen Cikolata Gida San. Ve Tic. A.S., Network Foods International Ltd., Nestle S.A., Mondelez International Inc., Mars Incorporated, Lotte Corporation, Glacier Products Ltd. and Absolute Chocolate Limited.
This report presents an extensive analysis of major entities in the chocolate confectionery market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Kenya chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Kenya chocolate confectionery market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Kenya chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Kenya chocolate confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Kenya Chocolate Confectionery Market – Product Type Analysis
Kenya Chocolate Confectionery Market – Type Analysis
Kenya Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– Tiger Brands Limited
– The Hershey Company
– Solen Cikolata Gida San. Ve Tic. A.S.
– Network Foods International Ltd.
– Nestle S.A.
– Mondelez International Inc.
– Mars, Incorporated
– Lotte Corporation
– Glacier Products Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Kenya Chocolate Confectionery Market 2019-2029
Chart Kenya Chocolate Confectionery Market, Net Growth, 2019-2029
Chart Kenya Chocolate Confectionery Market, Growth Rates, 2019-2029
Table Kenya Chocolate Confectionery Market by Product Type, 2019-2029
Chart Kenya Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Kenya Chocolate Confectionery Market by Product Type, 2019-2029
Table Kenya Chocolate Confectionery Market by Type, 2019-2029
Chart Kenya Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Kenya Chocolate Confectionery Market by Type, 2019-2029
Table Kenya Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart Kenya Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Kenya Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table Kenya Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart Kenya Chocolate Confectionery Market, by Companies, 2023
Table Kenya Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart Kenya Chocolate Confectionery Market, by Brands, 2023
Table Kenya – Population (Millions) and Forecast
Table Kenya – Consumer Price Index (CPI) and Forecast
Table Kenya – Gross Domestic Product and Forecast
Table Kenya Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table Kenya Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Tiger Brands Limited
The Hershey Company
Solen Cikolata Gida San. Ve Tic. A.S.
Network Foods International Ltd.
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Lotte Corporation
Glacier Products Ltd.
Absolute Chocolate Limited