Middle East And Africa Candy Market

Middle East and Africa Candy Market Overview:

Middle East and Africa Candy Market was worth USD 7.5 billion in 2022 and is estimated to be growing at a CAGR of 3.6%, to reach USD 8.92 billion by 2027.

Middle East and Africa Candy Market

Candies also referred to as sweets or lollies, are a confection that features sugar as a primary ingredient. The category called sugar confectionery encompasses any sweet confection including chocolate, chewing gum, and sugar candy. Vegetables, fruits, or nuts that have been glazed and coated with sugar are said to be candied. Unlike sweet pastries served for a dessert course at the end of a meal, candies are normally eaten casually, often with the fingers, as a snack between meals Primary factors accounted for driving the market are increasing disposable income, the introduction of various flavors attracting all categories of consumers and product innovation creating sugar-free as well as no artificial flavor additive variants. However, stringent government regulations and health concerns regarding excessive candy consumption are the factors hindering the growth of the market.

Middle East and Africa Candy Market Segmentation:

The Middle East and Africa market for Candy is segmented

based on

• Type

• Distribution Channel

Based on Type it is divided into

• Chocolate Candy

• Non-Chocolate Candy

Non Chocolate Candy is further segmented as Hard Rolled Candies, Breath Sweeteners, Caramels, Gummies and Others.

Based on Distribution Channel

• Supermarkets

• Convenience Stores

• Grocery Stores

• Online

Based on geographical analysis, the market is divided into regions of the Middle East and Africa. The Middle East holds the major share in the market due to the presence of market leaders as well as a large population of candy-consuming individuals. The Middle East is also the fastest growing region due to increasing demand and product innovation and increasing disposable income. Hard-rolled Candies and Chocolate candies hold the major share in the market while gummies and caramels are expected to grow the fastest due to shift of consumers towards soft and fruit-flavored candies. Based on Distribution channel supermarkets hold the major share in the market due to easy accessibility of consumers while online retails are expected to grow the fastest.

Middle East and Africa Candy Market Key Players:

1. Arcor

2. August Storck KG

3. Yildiz Holding

4. Cemoi

5. Chocoladefabriken Lindt & Sprungli AG

6. United Confectionary Manufacturers

7. Crown Confectionary Co. Ltd.

8. DeMet’s Candy Co.

9. Ezaki Glico Co. Ltd.

10. Ferrero Group

11. Lotte Confectionary

12. Mars Inc.

13. Hersheys Co

14. General Mills.