The Africa and Middle East sugarcane syrup market size is expected to be reach $2,074 million by 2023. Sugarcane syrup is a thick concentrated syrup formed as an intermediate product of the sugar-making process and used as a natural sweetener. Sugarcane syrup is dark golden brown in color, with a slight molasses flavor. It is made by evaporating sugar cane juice for several hours, which converts sucrose contained in sugarcane to an equimolar mixture of glucose, sucrose, and fructose by the process of hydrolysis. As a result a thick concentrated syrup, which is sweeter than sugar is formed. This process is repeated several times, and each time a different type of sugarcane syrup such as liquid sucrose, invert sugar to refiners syrups, are produced depending upon the specific functional requirements of the final products. The syrup is majorly used as a natural sweetener by bakery, dairy, beverages, confectionaries, processed foods, and other industries. It is used to prepare variety of bakery and beverage products such as donuts, biscuits, chocolate, pancakes, cookies, and health drinks & sweetened beverages. They are used as natural preservatives to reduce water activity and also employed in medicines for improving their taste.
Sugarcane syrup contains higher amount of sucrose, which makes it sweeter than sugar. It has been widely and extensively utilized by the food industry owing to its inherent advantages over sugar. It is widely used in the preparation of various bakery products such as waffles, cakes, pancakes, bread rolls, and French toast. It is also used for flavoring a wide range of food products such as hot cereal, ice cream, sausages, fruit juices, corn fritters, baked beans, fresh donuts, and baked apples. Sugarcane syrup is also used as a basic sweetener in the production of sweetened beverages such as cocktails, mixed drinks, and beers. It is also used as an alternative to honey. Thus, increase in number of food & beverages industry along with rise in use of sugarcane syrup in bakery and confectionery products drive the Africa and Middle East sugarcane syrup market.
Furthermore, the health benefits associated with cane syrup also increase its demand among households, thus boosting the market growth. In addition, growth of the agricultural industry, results in the high production of cane sugar is expected to have a positive impact on the industry. However, changes in consumer dietary habits, along with rise in awareness regarding the health hazards associated with high sugar consumption is expected to impact the demand for sugarcane syrup during the forecast period. Other factors, such as the high transportation and distribution cost of sugarcane syrup and increase in demand for alternate sweeteners also restrict the growth of the market. In addition, rise in concerns over the economic and ecological impact of huge scale sugar crop farming is projected to hinder the growth of the sugarcane syrup market. The sugarcane syrup production is an economical process that consumes less energy, water, and other resources as compared to sugar, hence reducing overall cost of operation and offering several benefits to manufacturers. Further, ease of processing, convenience in use, and batch-wise consistency that improves the production process, increases its demand among food processors. These factors fuel the growth of the sugarcane syrup in the upcoming years. In addition, changes in taste preferences, increase in health consciousness, and desire to live healthy life surge the demand for organic sugarcane syrup among consumers. These factors are anticipated to provide lucrative opportunities for market growth.
The report segments the sugarcane syrup market based on territory. The report analyzes the production and consumption of sugarcane syrup in all the states of Southern Africa Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), Middle East, West Africa, and Malawi. In addition, the report briefs about market size, key market trends, growth factors, and opportunities for sugarcane syrup in these territories.
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.
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.
KEY MARKET SEGMENTS
By Territory
Malawi
Southern African Development Community (SADC)
Common Market for Eastern and Southern Africa (COMESA)
West Africa
Middle East
Sugarcane syrup contains higher amount of sucrose, which makes it sweeter than sugar. It has been widely and extensively utilized by the food industry owing to its inherent advantages over sugar. It is widely used in the preparation of various bakery products such as waffles, cakes, pancakes, bread rolls, and French toast. It is also used for flavoring a wide range of food products such as hot cereal, ice cream, sausages, fruit juices, corn fritters, baked beans, fresh donuts, and baked apples. Sugarcane syrup is also used as a basic sweetener in the production of sweetened beverages such as cocktails, mixed drinks, and beers. It is also used as an alternative to honey. Thus, increase in number of food & beverages industry along with rise in use of sugarcane syrup in bakery and confectionery products drive the Africa and Middle East sugarcane syrup market.
Furthermore, the health benefits associated with cane syrup also increase its demand among households, thus boosting the market growth. In addition, growth of the agricultural industry, results in the high production of cane sugar is expected to have a positive impact on the industry. However, changes in consumer dietary habits, along with rise in awareness regarding the health hazards associated with high sugar consumption is expected to impact the demand for sugarcane syrup during the forecast period. Other factors, such as the high transportation and distribution cost of sugarcane syrup and increase in demand for alternate sweeteners also restrict the growth of the market. In addition, rise in concerns over the economic and ecological impact of huge scale sugar crop farming is projected to hinder the growth of the sugarcane syrup market. The sugarcane syrup production is an economical process that consumes less energy, water, and other resources as compared to sugar, hence reducing overall cost of operation and offering several benefits to manufacturers. Further, ease of processing, convenience in use, and batch-wise consistency that improves the production process, increases its demand among food processors. These factors fuel the growth of the sugarcane syrup in the upcoming years. In addition, changes in taste preferences, increase in health consciousness, and desire to live healthy life surge the demand for organic sugarcane syrup among consumers. These factors are anticipated to provide lucrative opportunities for market growth.
The report segments the sugarcane syrup market based on territory. The report analyzes the production and consumption of sugarcane syrup in all the states of Southern Africa Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), Middle East, West Africa, and Malawi. In addition, the report briefs about market size, key market trends, growth factors, and opportunities for sugarcane syrup in these territories.
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.
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.
KEY MARKET SEGMENTS
By Territory
Malawi
Southern African Development Community (SADC)
Common Market for Eastern and Southern Africa (COMESA)
West Africa
Middle East
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SUGARCANE SYRUP MARKET, BY TERRITORY, 2016-2023 (KILOTONS, $MILLION)
CHAPTER 5: COMPANY PROFILES
CHAPTER 6: REGULATORY ANALYSIS FOR SUGARCANE SYRUP
CHAPTER 7: PRODUCT QUALITY REQUIREMENT FOR SUGARCANE SYRUP
CHAPTER 8: PRICE TREND ANALYSIS & PRICING STRUCTURE
CHAPTER 9: MARKETING STRATEGY
Executive Summary
According to a new report published Africa and Middle East Sugarcane Syrup Market by Territory: Opportunity Analysis and Industry Forecast, 2017-2023" 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.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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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