Middle East and Africa Industrial Sugar Market Overview
In 2023, the Middle East and Africa industrial sugar market was valued at USD 2.80 billion. It is projected to grow at a compound annual growth rate (CAGR) of 6.03% during the forecast period.
The Middle East’s sugar production stands at 4.2 million tonnes, with expectations for a 2.4% increase throughout the forecast period. The region’s sugar industry has recently reported revenues of USD 5.9 billion, showing a growth rate of 4% in recent years.
Market Segmentation: The industrial sugar market is categorized based on:
Type: White sugar, Brown sugar, and Liquid sugar.
Basic Form: Granulated, Powdered, and Syrup.
Application: Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Pharmaceuticals, and Other Food Items.
Geography: Key countries include South Africa, Nigeria, Saudi Arabia, UAE, Kuwait, Egypt, and the Rest of Middle East and Africa. Market sizing and forecasts are provided in USD billion for each segment.
Click here for in-depth coverage of this research:https://www.stellarmr.com/report/req_sample/MEA-Industrial-Sugar-Market/1063
Market Dynamics:
- Production and Export Trends: The Middle East, particularly Saudi Arabia and the UAE, plays a significant role in global sugar exports, contributing nearly 100% of the region’s total export volume and ranking fourth globally in sugar exports. This strong export performance is expected to boost production throughout the forecast period. Despite this, the region has seen a notable increase in sugar imports.
- Technological Advancements: Innovations and technological improvements in sugar production are anticipated to support market growth. The ongoing development of new sugar products and technologies is expected to positively impact the market.
- Health Concerns and Consumption Trends: Rising health concerns related to weight gain, high cholesterol, obesity, and diabetes are leading consumers to opt for low-calorie and low-sugar alternatives. This shift in consumer preferences is likely to impact market growth. Additionally, the availability of natural and artificial sweeteners presents competition for traditional sugar.
- Market Opportunities: Despite challenges, changing taste preferences and a growing emphasis on health and wellness are expected to create significant opportunities for market expansion. The region’s annual white sugar imports are approximately 7 million tonnes, accounting for over 40% of global imports, though its share of raw sugar imports is smaller (20.8%). Over the past decade, there has been a notable increase in raw sugar demand in the region.
Segment Analysis:
By Type
White sugar
Brown sugar
Liquid sugar
By Basic Form
Granulated
Powdered
Syrup
By Application
Dairy
Bakery
Confectionery
Beverage
Canned & frozen foods
Pharmaceuticals
Other food items
By Geography
South Africa
Ethopia
Saudi Arabia
UAE
Rest of Middle East & Africa
To explore this study in depth, visit the link provided:https://www.stellarmr.com/report/req_sample/MEA-Industrial-Sugar-Market/1063
Middle East and Africa Industrial Sugar Market Key Players:
Kinyara Sugar Works Ltd
Mumias Sugar Company Limited
Nzoia Sugar Company Limited
RCL Foods Limited
Royal Swaziland Sugar Corporation
Sango Bay Estates Limited
Star Africa Corporation Limited
Sunshine Sugar
Superdoll Trailer Manufacture Co. Ltd. (Kagera Sugar Limited)
The Mehta Group (Sugar Corporation of Uganda Limited)
Tongaat Hulett Limited
Umfolozi Sugar Mill (Pty) Ltd
White Nile Sugar Company Co. Ltd
Key questions answered in the Middle East and Africa Industrial Sugar Market are:
- What is Middle East and Africa Industrial Sugar?
- What was the Middle East and Africa Industrial Sugar market size in 2023?
- What is the growth rate of the Middle East and Africa Industrial Sugar Market?
- Which are the factors expected to drive the Middle East and Africa Industrial Sugar market growth?
- What are the different segments of the Middle East and Africa Industrial Sugar Market?
- What growth strategies are the players considering to increase their presence in Middle East and Africa Industrial Sugar?
- What are the upcoming industry applications and trends for the Middle East and Africa Industrial Sugar Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Middle East and Africa Industrial Sugar Market?
- What segments are covered in the Middle East and Africa Industrial Sugar Market?
- Who are the leading companies and what are their portfolios in Middle East and Africa Industrial Sugar Market?
- What segments are covered in the Middle East and Africa Industrial Sugar Market?
- Who are the key players in the Middle East and Africa Industrial Sugar market?
For a detailed overview of this study, click here:https://www.stellarmr.com/report/MEA-Industrial-Sugar-Market/1063
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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