The global industrial sugar market is expected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. The market growth is attributed to the increasing demand for processed and convenience food and beverages worldwide.
The report indicates that white sugar is projected to grow at the fastest rate during the forecast period. The consumption of white sugar has been steadily increasing over the years due to its widespread use in baked goods, beverages, and confectioneries. The majority of global sugar production is forecast to be white sugar in 2021/2022, according to the United States Department of Agriculture (USDA). Technological advancements and efficient cultivation practices have contributed to the rise in white sugar production.
Additionally, the affordability and accessibility of white sugar have also made it a popular choice in the industrial sugar market.
Beverages have the largest market share in the application of the industrial sugar market due to the increasing consumption of sugar-sweetened beverages such as sodas, energy drinks, and sports drinks. The production of these beverages has also been on the rise, particularly in developing countries. Sugar is preferred as a sweetener in beverages due to its low cost and ability to enhance the flavor and taste of the product.
The Asia Pacific region has played a crucial role in boosting the growth of the industrial sugar market due to its high sugar consumption rate and being a major producer of sugar. The demand for processed and packaged food items has also increased in the region due to the rise in population and income levels.
Key players in the industrial sugar market include Sudzucker AG, Cargill Inc., Associated British Foods plc, Raizen, Lantic Inc., Mitr Phol Group, Louis Dreyfus Company, Tereos, Michigan Sugar Company, Dwarikesh Sugar Industries Limited, Canal Sugar, Al Khaleej Sugar, Rajshree Sugars & Chemical Limited (RSCL), Rana Group, Shree Renuka Sugars Limited, Upper Ganges Sugar & Industries Limited, Bajaj Hindihan Sugar Ltd, Nile Sugar, Bannari Amman Group, Dhampur Bio Organics Limited, Thai Sugar Group, Metta Group, and Dalmia Bharat Group. The report includes an in-depth competitive analysis of these key players in the industrial sugar market with their company profiles, recent developments, and key market strategies.
Related Report:
Sugar Substitutes Market by Type (High-Fructose Syrup, High-Intensity Sweeteners, Low-Intensity Sweeteners), Composition, Application (Beverages, Food Products, & Health & Personal Care Products), Source, Form, Region - Global Forecast to 2028
Natural Sweeteners Market by Type (Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, and Others), End-use Sector (Food & Beverage, Pharmaceutical, Direct Sales, and Others), Application, and Region - Global Forecast to 2025
UpMarketResearch offers a latest published report on “Global Industrial Sugar Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The major manufacturers covered in this reportCargillArcher Daniels Midland CompanyRaizen SASudzucker, AGTereosTongaat Hulett GroupIllovo Sugar (Pty) LtdDangote GroupI.D Parry Limited Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanRest APACLatin America On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into GranulatedPowderedSyrup By Application, the market can be split into Food IndustryMedical IndustryOther The Report covers in-depth analysis as follows: Chapter 1 Overview of Industrial SugarChapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 Market Driving Factor Analysis of Industrial SugarChapter 6 Industrial Sugar Market Competition Status by Major ManufacturersChapter 7 Industrial Sugar Major Manufacturers Introduction and Market DataChapter 8 Upstream and Downstream Market Analysis of Industrial SugarChapter 9 Cost and Gross Margin Analysis of Industrial SugarChapter 10 Marketing Status Analysis of Industrial SugarChapter 11 Report ConclusionChapter 12 Research Methodology and Reference Buy this report@ https://www.upmarketresearch.com/buy/industrial-sugar-market “Global Industrial Sugar Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market-driven results deriving feasibility studies for client needs.
