Middle East And Africa Confectionery Market

Middle East and Africa Confectionery market Value and Growth:

Middle East and Africa Confectionery market size was around USD 4.62 billion in 2022. It is expected to grow at a CAGR of 2.24% to reach USD 5.14 billion by 2027. It captures 2% of the global market.

Middle East and Africa Confectionery market Overview:

Confectionery market comprises array of food products such as chocolates, raw pastes, and various sugar-based products. In addition, it includes therapeutic and dietetic confectioneries that differ in formulations from traditional confections. The preferred type of confectioneries often differ according to the geographical regions due to difference in regulatory norms and other factors such as economy and taste & preference of customers.Introduction of odour sensations, combination of liquid & solid flavours, and energy boosts in confectionery products drive the growth and development of the confectionery market worldwide. Wide range of confectionery products are vended through various retail channels such as hypermarkets, supermarkets, convenience stores, discounters, forecourt retailers, and grocery stores. These stores act as Middle East and Africa marketing tool, assisting in building an impressive brand image and raise brand exposure of wide variety of products.

Sugar is the key ingredient responsible for prevalence of obesity and diabetes making this the primary restraint of this market. Primary raw materials used in confectionery production are sugar and cocoa. Cocoa prices are unstable and can be affected by a series of factors, like political instability, extreme weather, and pests & disease. Additionally, increase in supply demand gap in chocolate industry has increased the prices of cocoa beans. Sugar prices grew owing to less production and more demand.

Middle East and Africa Confectionery market Segmentation:

The market is categorized by type. By type the market is segregated into 

• Sugar

• Chocolate

•  Fine Bakery Wares

Sugar is further sub-segmented into 

• Hard-boiled sweets

•  Caramels & Toffees

• Gums & Jellies

• Medicated Confectionary

• Mints 

 Chocolate is further sub-segmented 

• White

• Milk 

• Dark

Middle East and Africa Confectionery market Regional Analysis:

• UAE

• Israel

• KSA

• South Africa

• Egypt

Middle East and Africa Confectionery market Keyplayers:

1. Delfi Limited (Singapore)

2. Ezaki Glico Co., Ltd. (Japan)

3. Ferrero SpA (Italy)

4. Lindt & Sprüngli AG (Switzerland)

5. Lotte Confectionery Co. Ltd. (South Korea)

6. Mars, Incorporated (U.S.)

7. Mondelez International, Inc. (U.S.)

8. Nestlé S.A. (Switzerland)

9. The Hershey Company (U.S.)

10. Wm. Wrigley Jr. Company (U.S.)