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The industrial sugar market is anticipated to grow from USD 46.9 billion in 2023 to USD 59.10 billion in 2030, at a compound annual growth rate (CAGR) of 6.0%. The industrial sugar industry is driven by rising consumer awareness, changing lifestyles, and rising demand for processed goods.
In the near future, it is projected that the industrial sugar market share will grow more quickly. Regardless of how individuals like to eat, sugar is the most ubiquitous cooking ingredient found in every household worldwide. Sweeteners that are widely utilized in homes, bakeries, restaurants, caterers, the beverage industry, and the pharmaceutical business may be included in industrial sugar. These days, it is also widely sold on the global market. The most widely used industrial sugars are table sugar and granulated sugar, which are both readily available on the market. These are added to a variety of foods and drinks as flavorings or sweeteners.
Coronavirus, a global epidemic, is affecting people all over the world. With the exception of the pharmaceutical business, it has had a negative effect on how all of the industries operate. In practically every region of the world, there has been a complete lockdown, forcing individuals to remain at home. All countries have closed their borders, therefore there won't be any international travel soon. A lot of people lost their jobs as a result of the closure of the firms. The expansion of the industrial sugar market has also been impacted by this.
The key factors influencing the growth of the industrial sugar market are the rising importance of sugar in global trade and its importance in numerous application industries to add value to the finished product. The industrial sugar sector is also being advanced by increased production of sugar cane and sugar beet to meet rising global sugar demand. The expansion of the market is also being aided by increased government efforts to boost sugar output, such as by providing subsidies or eliminating production restrictions. The demand for alternative sweeteners or sugar substitutes in the application sectors has changed as a result of rising health concerns among the world's population, causing difficulties for the expansion of the industrial sugar market globally.
The market for industrial sugar is still expanding quickly. Beet sugar, a large industrial commodity used in food processing as well as the production of ethanol and biogas, is a key element in this rise. The sugar beet crop is a valuable alternative to sugarcane, especially in tropical nations. Production and consumption growth for industrial beet sugar have typically shown a positive trend. It is anticipated to grow quickly during the forecasted period. The global industrial beet sugar market is expected to have the highest market attractiveness in the drinks category based on industry consumption. The expansion of the industrial beet sugar sector internationally is also anticipated to be boosted by the entry of numerous new international players and the introduction of a new class of consumers throughout the projected period.
Major categories and types of sweeteners are outlined in MECAS/ISO (41). First, there are calorie-containing and calorie-free sweeteners. Caloric sweeteners are further broken down into sucrose (sugar), HFCS, glucose, dextrose, and crystalline fructose. Non-caloric sweeteners typically have a strong sweet flavor, thus only a tiny amount is needed to sweeten food. However, different sweeteners have diverse applications depending on their qualities; as a result, it is difficult to forecast whether or not they would be able to replace industrial sugar in different foods. High-intensity sweeteners (HIS), though used in some non-diet meals, are not a perfect substitute for sugar in all products, which restricts their use. High fructose corn syrup (HFCS), which is frequently compared to commercial granulated sugar, is the main alternative sweetener.
On the global market, industrial sugar is a highly traded commodity. The production and export of industrial sugar are well-known industries in India.Organic cane sugar is now being imported and exported more frequently. Even though sugar consumption has received a lot of criticism, organic sugar offers important qualities that are increasing customer demand. These advantages include accessibility, texture, affordability, environmental friendliness, nutritional advantages, and a robust sugarcane flavor over conventional cane sugar.
Since organic cane sugar retains all of the nutrients found in its natural state, it has a distinctive molasses aroma that customers find appealing.Since only a small number of nations, like the United States, have a significant source of organic cane sugar that can satisfy domestic demand and the nation's total sugar consumption is projected to be around 200,000 MT in 2019, the majority of organic cane sugar used in products sold there (both as ingredients and at retail) is imported.
Report Coverage
Global Industrial Sugar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Sugar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Sugar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Sugar market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Sugar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Sugar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Südzucker AG(Germany), Associated British Foods.(U.K.), Michigan Sugar Company(U.S.), Amalgamated Sugar.(U.S.), RANA GROUP(India), Rajshree Sugars & Chemicals Limited (RSCL)(India), Shree Renuka Sugars Ltd(India), Upper Ganges Sugar & Industries Limited(India), Bajaj Hindusthan Sugar Ltd.(India), Mitr Phol Sugar.(Thailand), Ragus Sugars Manufacturing Ltd.(U.K.), Lantic Inc.(Canada), Nile Sugar(Egypt), AMERICAN CRYSTAL SUGAR(U.S.), and Balrampur Chini Mills Limited(India) among others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Sugar market based on the below-mentioned segments:
Global Industrial Sugar Market, By Type
Raw
Refined
Brown
Global Industrial Sugar market, By Source
Cane
Beet
Global Industrial Sugar Market, By Industrial Use
Sweetener
Bakery Products
Confectionery
Beverages
Packaged Foods
Other Food & Beverages
Pharmaceuticals
Global Industrial Sugar market, Regional Analysis
In the near future, it is projected that the industrial sugar market share will grow more quickly. Regardless of how individuals like to eat, sugar is the most ubiquitous cooking ingredient found in every household worldwide. Sweeteners that are widely utilized in homes, bakeries, restaurants, caterers, the beverage industry, and the pharmaceutical business may be included in industrial sugar. These days, it is also widely sold on the global market. The most widely used industrial sugars are table sugar and granulated sugar, which are both readily available on the market. These are added to a variety of foods and drinks as flavorings or sweeteners.
Coronavirus, a global epidemic, is affecting people all over the world. With the exception of the pharmaceutical business, it has had a negative effect on how all of the industries operate. In practically every region of the world, there has been a complete lockdown, forcing individuals to remain at home. All countries have closed their borders, therefore there won't be any international travel soon. A lot of people lost their jobs as a result of the closure of the firms. The expansion of the industrial sugar market has also been impacted by this.
The key factors influencing the growth of the industrial sugar market are the rising importance of sugar in global trade and its importance in numerous application industries to add value to the finished product. The industrial sugar sector is also being advanced by increased production of sugar cane and sugar beet to meet rising global sugar demand. The expansion of the market is also being aided by increased government efforts to boost sugar output, such as by providing subsidies or eliminating production restrictions. The demand for alternative sweeteners or sugar substitutes in the application sectors has changed as a result of rising health concerns among the world's population, causing difficulties for the expansion of the industrial sugar market globally.
The market for industrial sugar is still expanding quickly. Beet sugar, a large industrial commodity used in food processing as well as the production of ethanol and biogas, is a key element in this rise. The sugar beet crop is a valuable alternative to sugarcane, especially in tropical nations. Production and consumption growth for industrial beet sugar have typically shown a positive trend. It is anticipated to grow quickly during the forecasted period. The global industrial beet sugar market is expected to have the highest market attractiveness in the drinks category based on industry consumption. The expansion of the industrial beet sugar sector internationally is also anticipated to be boosted by the entry of numerous new international players and the introduction of a new class of consumers throughout the projected period.
Major categories and types of sweeteners are outlined in MECAS/ISO (41). First, there are calorie-containing and calorie-free sweeteners. Caloric sweeteners are further broken down into sucrose (sugar), HFCS, glucose, dextrose, and crystalline fructose. Non-caloric sweeteners typically have a strong sweet flavor, thus only a tiny amount is needed to sweeten food. However, different sweeteners have diverse applications depending on their qualities; as a result, it is difficult to forecast whether or not they would be able to replace industrial sugar in different foods. High-intensity sweeteners (HIS), though used in some non-diet meals, are not a perfect substitute for sugar in all products, which restricts their use. High fructose corn syrup (HFCS), which is frequently compared to commercial granulated sugar, is the main alternative sweetener.
On the global market, industrial sugar is a highly traded commodity. The production and export of industrial sugar are well-known industries in India.Organic cane sugar is now being imported and exported more frequently. Even though sugar consumption has received a lot of criticism, organic sugar offers important qualities that are increasing customer demand. These advantages include accessibility, texture, affordability, environmental friendliness, nutritional advantages, and a robust sugarcane flavor over conventional cane sugar.
Since organic cane sugar retains all of the nutrients found in its natural state, it has a distinctive molasses aroma that customers find appealing.Since only a small number of nations, like the United States, have a significant source of organic cane sugar that can satisfy domestic demand and the nation's total sugar consumption is projected to be around 200,000 MT in 2019, the majority of organic cane sugar used in products sold there (both as ingredients and at retail) is imported.
Report Coverage
Global Industrial Sugar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Sugar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Sugar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Sugar market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Südzucker AG(Germany), Associated British Foods.(U.K.), Michigan Sugar Company(U.S.), Amalgamated Sugar.(U.S.), RANA GROUP(India), Rajshree Sugars & Chemicals Limited (RSCL)(India), Shree Renuka Sugars Ltd(India), Upper Ganges Sugar & Industries Limited(India), Bajaj Hindusthan Sugar Ltd.(India), Mitr Phol Sugar.(Thailand), Ragus Sugars Manufacturing Ltd.(U.K.), Lantic Inc.(Canada), Nile Sugar(Egypt), AMERICAN CRYSTAL SUGAR(U.S.), and Balrampur Chini Mills Limited(India) among others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Sugar Market from 2021 to 2030.
- Market Forecast for Industrial Sugar Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Sugar competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Sugar
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Sugar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Sugar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Südzucker AG(Germany), Associated British Foods.(U.K.), Michigan Sugar Company(U.S.), Amalgamated Sugar.(U.S.), RANA GROUP(India), Rajshree Sugars & Chemicals Limited (RSCL)(India), Shree Renuka Sugars Ltd(India), Upper Ganges Sugar & Industries Limited(India), Bajaj Hindusthan Sugar Ltd.(India), Mitr Phol Sugar.(Thailand), Ragus Sugars Manufacturing Ltd.(U.K.), Lantic Inc.(Canada), Nile Sugar(Egypt), AMERICAN CRYSTAL SUGAR(U.S.), and Balrampur Chini Mills Limited(India) among others
Primary Target Market
- Market Players of Industrial Sugar
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Sugar market based on the below-mentioned segments:
Global Industrial Sugar Market, By Type
Raw
Refined
Brown
Global Industrial Sugar market, By Source
Cane
Beet
Global Industrial Sugar Market, By Industrial Use
Sweetener
Bakery Products
Confectionery
Beverages
Packaged Foods
Other Food & Beverages
Pharmaceuticals
Global Industrial Sugar market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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