(Health-NewsWire.Net, February 15, 2017 ) The Middle-East and Africa Confectionery Ingredients 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.
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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.
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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.
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Market Segmentation 1. By type Cocoa & chocolate Dairy ingredients Hydrocolloids Emulsifiers Malts Oils & shortenings Starches & derivatives Sweeteners Flavors Other ingredient type Food color additives & flavors Functional systems Fruits & vegetables
2. By form Dry Liquid
3. By source Synthetic Natural
4. By applications Chocolate Sugar confectionery Gums Other confectionery ingredient applications Fillings Coatings Caramel Aerated confectionery Cereal bars
5. Geographical Analysis Middle-East Africa
Geographically, Middle-East and Africa market for Confectionery Ingredients is segmented into Middle-East region and Africa region. 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.
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Barry Callebaut, Olam International , Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group plc , Arla Foods, Tate & Lyle PLC, are the major players of Middle-East and Africa Confectionery Ingredients market.
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