Africa and Middle East Sugarcane Syrup Market: Know the Trends and Analysis of this Industry
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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 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. In addition, it is 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. Moreover, using sugarcane syrup in the preparation of bakery products is one of the traditional bakery practices. This is anticipated to increase the demand for sugarcane syrup in the market. Health benefits associated with sugarcane syrup has increased its consumption and usage among households, thereby driving the growth of Africa and Middle East sugarcane syrup market.
Moreover, availability of alternatives such as natural as well as artificial sweeteners hampers the growth of the sugarcane syrup market. On the contrary, 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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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.
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