Industrial Sugar Market Scope:
By 2030, the global industrial sugar market is anticipated to reach US$63 billion mark in revenue with a CAGR of nearly 5.60 percent during the 2022-2030 forecast period, says a market report published by industry’s leading market analysts.
A thorough study has been carried out about the global Industrial Sugar Market and the findings from the study are compiled and presented in the market research report. The report identifies and presents popular patterns that may play a critical role in the industrial sugar market's growth. After comprehensive market data analysis, the extent of development of the industrial sugar market across different segments and regional markets has been provided keeping the forecast period 2022 to 2030 into consideration.
Major Key Players:
The list of major Global Market Key Players is as follows: Sudzucker Group (Germany), British Sugar (UK), Tereos (France), Cargill (US), Rogers Sugar Inc (Canada), Michigan Sugar (US), Imperial Sugar Company (US), Guangxi Guitang Group Co., Ltd (China), Rizhao Lingyunhai Sugar Group (China), Guangxi Fengtang Biochemistry Co., Ltd. (China), Guangxi Funan East Asia Sugar Co., Ltd (China), Bannari Amman Sugars Limited (India), Rajshree Sugars (India), Rana Sugars (India), Shree Renuka Sugars (India), Upper Ganges Sugar & Industries (India), Bajaj Hindustan Limited (India), Guangxi Guitang Group Co., Ltd (US)
These companies form joint ventures or come together in partnerships for certain projects, mergers, and acquisitions to make technological advancements. They strive to develop end-products and services that are unique, cost-effective, and proficient in working, and can deliver accurate solutions to the respective problems.
Industrial Sugar Market Segmental Review:
The global Sugar Free Market has been segmented based on type, form, source, application, and region.
Based on Type, the market is segmented into brown sugar and white sugar.
Based Product Form segment covers sub segments such as powder, syrup, and granules.
Based on Source, the industrial sugar market is further segmented into sugar beet, sugarcane, and others.
Based on Application Food & Beverages, Pharmaceuticals, Others
For in-depth analysis of different market aspects, the analysts have segmented the market based on applications covering food and beverages, pharmaceuticals, and others. The food and beverages segment are further divided into beverages, bakery and confectionery, dairy & frozen desserts, and others. Sugar is more affordable and readily available opposed to its alternatives. It is consumed by all socio-economic groups and varied income groups and can be easily purchased from retail outlets across the globe, convenience stores, supermarkets, and department stores.
Regional Insights:
Asia-Pacific has a leading role in the global Organic Sugar Confectionery on the geographic front. The industrial sugar industry is a critical component of the Indian economy and accounts for a substantial share of national Gross domestic product. In addition to this, owing to favorable climatic conditions, India produces a large portion of sugar. In relation to four key industrial sugar markets, Europe, Asia-Pacific, North America, and the rest of the world, the regional markets have been observed. In extensive commercial applications, increasing consumption of sugar is mainly contributing significantly to market growth. Sugar, mainly sucrose, is used as a cost-effective, simple to produce, and decent tasting substance used in bulk amounts by the drug industry.
The industrial sugar market in North America is again segmented into Canada, the US, and Mexico. The UK, France, Germany, Italy, Spain, and the rest of Europe have been listed as the European country-level markets of industrial sugar. China, Japan, Australia and New Zealand, India, and the rest of Asia-Pacific have been analyzed as a part of the industrial sugar market spread across the Asia-Pacific region. In the rest of the world, the industrial sugar sector has indeed been segregated into South America and the MEA region.
Recent Developments:
The various recent activities found in the Global Forecast are as follows:
- In July of the year 2019, the US Commodities Trader Bunge Ltd. announced a merger with British Energy Co. This merger was specifically aimed at the Brazilian Sugar and Ethanol operations. It would increase their sugar processing capacity by many folds and make them the world’s third-largest sugar processing organization.
- In July of the year 2019, Dalmia Bharat Sugar Industries, an India-based organization, invested approximately USD 4 Billion to increase its production capacity by the means of mergers or acquisitions. This will help them to fulfill the needs of the local market as well as export processed sugar to nearby regions.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071