Africa And Middle East Sugarcane syrup market

Africa and Middle East Sugarcane Syrup Market Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2017-2023

Introduction • The Africa and Middle East sugarcane syrup market size is expected to be reach $2,074 million by 2023.

• 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 also finds a wide range of applications among households for making fruit toppings & concentrates, cooking, and glazing sauces. • Increase in number of food & beverages industries during the forecast period is anticipated to drive the growth of the sugarcane syrup market.

Africa and Middle East Sugarcane Syrup Market

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Africa and Middle East Sugarcane Syrup Market Overview • Sugarcane syrup made from sugarcane is widely used as a natural sweetener and flavoring agent by food industries for a variety of food products.

• It is widely used in the preparation of various bakery products such as waffles, cakes, pancakes, bread rolls, and French toast, as it helps retain moisture and prolong freshness, thus increasing their shelf life.

• Changes in taste preferences, increase in health consciousness, and desire to live a healthy life are anticipated to provide lucrative opportunities for market growth.

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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.

KEY BENEFITS • 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.

Africa and Middle East Sugarcane Syrup Market : By Territory

On the basis of territory, the report segments the Africa and Middle East sugarcane syrup industry into Malawi, Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA), West Africa, and Middle East.

Africa and Middle East Sugarcane Syrup Market Key players

Key players profiled in the report 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, and Kinyara Sugar Works Ltd. Get further details of this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4634

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