Middle East and Africa Confectionery Ingredients Market has been estimated at USD 5.19 Billion in 2021 and is projected to reach USD 6.84 Billion by 2026, at a CAGR of 5.69% during the forecast period from 2021 to 2026.
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.
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.
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
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type
5.1.1 Cocoa & chocolate
5.1.2 Dairy ingredients
5.1.3 Hydrocolloids
5.1.4 Emulsifiers
5.1.5 Malts
5.1.6 Oils & shortenings
5.1.7 Starches & derivatives
5.1.8 Sweeteners
5.1.9 Flavors
5.1.10 Other ingredient type
5.1.10.1 Food color additives & flavors
5.1.10.2 Functional systems
5.1.10.3 Fruits & vegetables
5.2 By form
5.2.1 Dry
5.2.2 Liquid
5.3 By source
5.3.1 Synthetic
5.3.2 Natural
5.4 By applications
5.4.1 Chocolate
5.4.2 Sugar confectionery
5.4.3 Gums
5.4.4 Other confectionery ingredient applications
5.4.4.1 Fillings
5.4.4.2 Coatings
5.4.4.3 Caramel
5.4.4.4 Aerated confectionery
5.4.4.5 Spreads
5.4.4.6 Cereal bars
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Barry Callebaut
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Olam International
8.3 Cargill, Incorporated
8.4 Archer Daniels Midland Company
8.5 Ingredion Incorporated
8.6 E. I. du Pont de Nemours and Company
8.7 Koninklijke DSM N.V.
8.8 Kerry Group plc
8.9 Arla Foods
8.10 Tate & Lyle PLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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