Sugarcane syrup market grows in MENA

LIKE most other segments in the food industry, the sugarcane syrup market in the Middle East & Africa is affected by changes in consumer dynamics and rise in awareness towards health risks associated with high sugar consumption. These, as well as the growth of food and beverage industry in this region during the forecast period will all drive the growth of the sugarcane syrup market.

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.

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.

(Photo: Creative Commons Stock Photos)

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.

For more, go to:  "Africa and Middle East Sugarcane Syrup Market by Territory and Common Market for Eastern and Southern Africa, West Africa, and Middle East) - Opportunity Analysis and Industry Forecast, 2017-2023".  (ResearchAndMarkets.com)