The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing beverage consumption is likely to promote innovation in sugarcane syrup manufacturing, propelling the market during the forecast period.

The global sugarcane syrup market is expected to grow from $41.67 billion in 2022 to $44.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The global sugarcane syrup market size is expected to reach $56.85 billion in 2027 at a CAGR of 6.1%.

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 Global Sugarcane Syrup Market Segments Include:

• By Type: Pure Sugarcane Syrup, Mix Sugarcane Syrup
• By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
• By Application: Confectionery, Dairy, Prepared Mix, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, South America is the largest region in the global sugarcane syrup market in 2021.

Major Market Players in the sugarcane syrup market include Associated British Foods PLC, Super Syrups (pty) Ltd., Tongaat Hulett Ltd., Atlanta Sugar SA (Subsidiary of BKB Ltd.), Sunshine Sugar, Frozy Egypt, Kenana Sugar Company, White Nile Sugar Company.

The primary trend gaining traction in the sugarcane syrup market is technological advancement. Sugarcane syrup market majors are working on boosting sugarcane syrup shelf life and expanding sugarcane syrup applications in various industries. Praj industries limited, an India-based process and project engineering company, for example, announced an inventive way in December 2021 to transform sugarcane juice into a new sustainable feedstock dubbed BIOSYRUP for year-round ethanol production. Praj developed conditioned BIOSYRUP with a 12-month shelf life using a patented process. This allows sugar mills to keep manufacturing ethanol outside of the sugar season, increasing capacity and revenue.

The Sugarcane Syrup Global Market Report 2023  provides a sugarcane syrup market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sugarcane syrup market forecast analyzes sugarcane syrup market size, sugarcane syrup market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Sugarcane syrup is a concentrated sugarcane juice made by drying the juice extracted from sugar cane pieces and turning it into syrup without the addition of crystallised sugar. It is used in confectionery and baking as a sweetener.

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