Loading...
Cart
0

Africa and Middle East Sugarcane Syrup Market Expected to Reach $2,074 Million,Globally, by 2023

 
 

quote Improved standard of living of consumers and increase in their disposable incomes are expected to boost the demand for new & improved health drinks and bakery & confectionery products. This in turn is anticipated to fuel the growth of the sugarcane syrup market in the near future. The key players in this market have adopted the strategy of having multiple manufacturing units across various countries, thus leading to easy distribution of sugarcane syrup. quote

Biswa Sinha
Senior Research Analyst, Food & Beverages at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research titled, Africa and Middle East Sugarcane Syrup Market by Territory: Opportunity Analysis and Industry Forecast, 20172023," the Africa and Middle East sugarcane syrup market size was $1,864 million in 2017, and is expected to reach $2,074 million by 2023, registering a CAGR of 1.8% from 2017 to 2023. Southern Africa Development Community (SADC) dominated the Africa and Middle East sugarcane syrup market in 2017, accounting for more than half of the total revenue.

Access Full Summary at : https://www.alliedmarketresearch.com/africa-and-middle-east-sugarcane-syrup-market

Sugarcane syrup, also known as cane syrup, is a thick, concentrated brown in color liquid formed by evaporating sugarcane juice while making sugar. Sugarcane syrup is extensively used as a natural sweetener by bakery, dairy, and processed food & beverage industries, and is also used to prepare medicines to improve their taste. It has high demand in households, owing to the associated health benefits such as blood purification, acidity control, and provides energy.

Sugarcane syrup is used in the production of various bakery & confectionery products such as cookies, biscuits, and waffles, and as a flavoring agent for pancakes, bread rolls, and French toast. In addition, it finds a wide range of applications among households for making fruit toppings & concentrates, cooking, and glazing sauces.

Changes in consumer dynamics and rise in awareness towards health hazards associated with high sugar consumption are expected to fuel the demand for sugarcane syrup. Moreover, increase in number of food & beverages industries during the forecast period is anticipated to drive the growth of the sugarcane syrup market. However, poor transportation & distribution infrastructure for sugarcane syrup and increase in demand for alternate sweeteners hamper the growth of the market. In addition, rise in economic and ecological concerns hinder the growth of sugarcane syrup industry. On the contrary, surge in demand for organic sugarcane syrup among consumers and opportunity of productivity improvement are anticipated to create new opportunities for the market players.

Key Findings of the Africa And Middle East Sugarcane Syrup Market :

  • In terms of value, the Middle East region is expected to grow at a CAGR of 2.8% during the forecast period.
  • SADC is expected to dominate the market, registering the highest CAGR of 1.3%, in terms of value.
  • Malawi is projected to show exponential growth in demand throughout 2023, growing at a CAGR 2.8%, in terms of value.

The key players operating in the sugarcane syrup market include Illovo Sugar (Pty) Ltd., Super Syrups, Tongaat Hulett, Atlanta Sugar SA (Pty) Ltd., Sunshine Sugar, FROZY EGYPT, Kenana Sugar Company, White Nile Sugar Company (WNSC) Co. Ltd., GM Sugar Uganda Limited, Kinyara Sugar Works Ltd., and Sango Bay Estates Limited.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Africa and Middle East Sugarcane Syrup Market by Territory (Malawi, Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA), West Africa, and Middle East) - Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Africa and Middle East Sugarcane Syrup Market"
Purchase Enquiry