(Entertainment-NewsWire.com, April 20, 2017 ) According to the report Middle East and Africa Confectionery Ingredients Market published by Market Data Forecast, the Middle East and African Market has been estimated at USD 4.60 Billion in 2016 and is projected to reach USD 6.07 Billion by 2021, at a CAGR of 5.69% during the forecast period from 2016 to 2021
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.
Middle east and African market for Confectionery ingredients is segmented based on Type, Form, Source and Applications into further sub-segments as follows:
By type Cocoa & chocolate Dairy ingredients Hydrocolloids Emulsifiers Malts Oils & shortenings Starches & derivatives Sweeteners Flavors Other ingredient types Food color additives & flavors Functional systems Fruits & vegetables
The Confectionery Ingredients Market study offers the following deliverables:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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