Africa and Middle East Sugarcane Syrup Market Research Report Outlook 2023Posted by Austin Aaron on April 29th, 2019 Africa and Middle East sugarcane syrup market size was ,864 million in 2017, and is expected to reach ,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. 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. Request Sample Copy/TOC: https://www.alliedmarketresearch.com/request-sample/4634 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 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
Africa And Middle East Sugarcane Syrup Market Key Segments: By Territory
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