The Middle East and Africa Confectionery Ingredients Market is estimated at USD 4.52 Billion in 2024 and is projected to reach USD 6.90 Billion by 2032, at a CAGR of 5.43% during the forecast period from 2024 to 2032.
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.
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.
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.
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.
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, and Tate & Lyle PLC
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