Middle East And Africa Confectionery Ingredients Market

Middle East and Africa Confectionery Ingredients Market Growth and Forecast (2023 - 2028):

Middle East and Africa Confectionery Ingredients Market has been estimated at USD 5.19 Billion in 2022 and is projected to reach USD 6.84 Billion by 2028, at a CAGR of 5.69% during the forecast period from 2023 to 2028.

Market Overview:

Confectionery items include products such as chocolate and non-chocolate candy, and other sweet products such as desserts, jams, jellies, and preserves. They are sold through supermarkets, grocery stores, mass merchandisers and gourmet/specialty stores.

Drivers and Restraints:

The market for confectionery ingredients in Middle-East and Africa region is mainly driven due to increasing demand for confectionery ingredients in diverse industries, increasing demand for natural ingredients due to increasing consumer awareness, which also aided in understanding the health benefits of chocolates, as chocolates is one of the majorly used ingredient. But, the market growth can be constrained due to availability of other nutritive snack options and negative health perceptions.

Middle East and Africa Confectionery Ingredients Market Segmentation Analysis:

Middle-East and Africa market for Confectionery Ingredients is segmented based on type, form, source and application. By type, the market is further sub-segmented into Cocoa & chocolate, Dairy ingredients, Hydrocolloids, Emulsifiers, Malts, Oils & shortenings, Starches & derivatives, Sweeteners, Flavors, Others (food color additives & flavors, functional systems, fruits & vegetables). By form, the market is further sub-segmented into Dry and Liquid. By source, the market is further sub-segmented into Synthetic and Natural. By application, the market is further sub-segmented into Chocolate, Sugar confectionery, Gum, Others (fillings, coatings, caramel, aerated confectionery, spreads, and cereal bars). Cocoa & chocolate is the most widely used type of confectionery ingredients. Sugar confectionery application of the confectionery ingredients market is growing at the highest CAGR.

Regional Analysis:

Geographically the Middle East and Africa Confectionery Ingredients Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The market in this region is said to kick-start with major companies of the market expanding their manufacturing bases in this region, thus, promoting the products sales in the untapped areas of this region.

Key Players in the Market:

Major Key Players in the MEA Confectionery Ingredients Market are

• Barry Callebaut
• Olam International
• Cargill, Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• E. I. du Pont de Nemours and Company
• Koninklijke DSM N.V
• Kerry Group plc
• Arla Foods
• Tate & Lyle PLC