Africa and Middle East Sugarcane Syrup Market is Expected to Witness the Fastest Growth Will Reach $2,074 Million by 2023
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.
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.
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Key Benefits
- The
report provides an extensive analysis of the current & emerging market
trends and opportunities in the Africa and Middle East sugarcane syrup
industry.
- The
report provides detailed qualitative and quantitative analysis of current
trends and future estimations that assists to evaluate the prevailing
market opportunities.
- Comprehensive
analysis of factors that drive and restrict the growth of the market is
provided.
- Extensive
analysis of the market is conducted by following key product positioning
and monitoring the top competitors within the market framework.
- The
report provides extensive qualitative insights on the potential and niche
segments or regions exhibiting favorable growth.
Africa And Middle East
Sugarcane Syrup Market Key Segments:
By Territory
- Malawi
- Southern
African Development Community (SADC)
- Common
Market for Eastern and Southern Africa (COMESA)
- West
Africa
- Middle
East
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.
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