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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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.
- 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:
- Southern African Development Community (SADC)
- Common Market for Eastern and Southern Africa (COMESA)
- West Africa
- Middle East
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