The Sugarcane Syrup Global Market Report 2023, provides comprehensive information on the sugarcane syrup market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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According to The Business Research Company’s Sugarcane Syrup Global Market Report 2023, the global sugarcane syrup market is poised for robust growth. Projected to increase from $41.67 billion in 2022 to $44.71 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 7.2%, the market exhibits resilience amid challenges like the Russia-Ukraine conflict impacting global economic recovery from the COVID-19 pandemic. Despite short-term disruptions, the sugarcane syrup market is expected to attain $56.85 billion in 2027, maintaining a CAGR of 6.1%. This underscores its sustained growth trajectory and adaptability amidst complex global economic dynamics.
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Technological advancement is the key trend gaining popularity in the sugarcane syrup market. Major companies operating in the sugarcane syrup market are focusing on increasing the shelf life of sugarcane syrup and increasing sugarcane syrup’s applications in various sectors. For instance, in December 2021, Praj industries limited, an India-based process and project engineering company, launched an ingenious method to transform sugarcane juice into a new sustainable feedstock called BIOSYRUP for year-round ethanol production. With a patented method, Praj has created conditioned BIOSYRUP with a 12-month shelf life. This enables sugar mills to continue producing ethanol outside of the sugar season, increasing production capacity & boosting revenue.
The sugarcane syrup market is segmented:
1) By Type: Pure Sugarcane Syrup, Mix Sugarcane Syrup
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By Application: Confectionery, Dairy, Prepared Mix, Other Applications
South America was the largest region in the sugarcane syrup market in 2022.
Top 5 Major Key Players Are:
Associated British Foods PLC
Super Syrups (pty) Ltd
Tongaat Hulett Ltd
Atlanta Sugar SA (Subsidiary of BKB Ltd.)
Sunshine Sugarcane
Table Of Contents
1. Executive Summary
2. Sugarcane Syrup Market Characteristics
3. Sugarcane Syrup Market Trends And Strategies
4. Sugarcane Syrup Market – Macro Economic Scenario
5. Sugarcane Syrup Market Size And Growth
…….
26. Africa Sugarcane Syrup Market
27. Sugarcane Syrup Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sugarcane Syrup Market
29. Sugarcane Syrup Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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