Global Industrial Sugar Market: Industry Analysis and Forecast (2020-2026)

Global Industrial Sugar Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 5.5% through 2020 to 2026, reaching nearly US$ XX Mn.

The Global Industrial Sugar market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Industrial Sugar report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Industrial Sugar Market

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Global Industrial Sugar Market Overview:

Sugar is one of the most significant commodities around the globe. If not important industrial sugar is one of the most consumed in a variety of different foodstuff. Industrial sugar is a sweet, soluble carbohydrate that is used in adding to various food items. There are various types of industrial sugar that are derived from various sources.

The global industrial sugar market is principally prolonged by sugar cane production, the rising price of sugar, trends observed in the industrial beet sugar market, and the consumption pattern of ready to eat foodstuff and beverages.
The industrial sugar category includes sweeteners that are used by confectionery manufacturers as well as in baking, catering, pharmaceuticals and beverage industries. Industrial sugar compromises a wide range of sweetening solutions to the manufacturers. Industrial sugar is an important commodity that is traded in the international market. India is a popular country where industrial sugar is cultivated and exported across the globe. In addition to this, innovative product launches that allow the use of industrial sugar in even more use-cases is poised to benefit the global industrial sugar market. The industrial sugar market is predicted to record a moderate CAGR of 5.5% in the forecast period.
Global Industrial Sugar Market Dynamics:

Industrial sugar is a flourishing commodity across the globe with challenging factors that are driving the market. The rise in the average international prices and the surge in the importance of international trade of industrial sugar is resulting in the mounting demand for industrial sugar. Moreover, the growth is largely supplemented by the intensifying population and growing consumption of sweetened items. The rise in confectionery products, especially bakery items are firing the higher usage of industrial sugar in the market.
However, convinced restraints like the water consumption due to monoculture production of industrial sugar are a major drawback for the industrial sugar market globally. Moreover, the recent changes in the trend of overshadowing alternate sweeteners or sugar substitutes are tallying up to the negative demand of the industrial sugar market.

Rising anxiety over the economic and ecological influence of enormous scale sugar crop farming is probable to be the key restraining factor. Several countries crossways the globe bestow over 25% of the agricultural land to sugarcane production. The growing expenditure of agrochemicals and fertilizers during production can contaminate the course of water affecting wildlife and people. Also, mills release toxic gases from incineration which is harmful to human and wildlife health. The above-mentioned factors are expected to act as a restraining factor for the market growth over the forecast period.
Global Industrial Sugar Market Segment Analysis:

By Type, the segment is divided into white, and brown, & liquid. In this segment white industrial sugar is most commonly consumed and in the market. The global white sugar market was valued at US$ 72310 million in 2019 and is expected to reach US$77650 by the end of 2026, growing at a CAGR of 3.1% during the forecast period. While brown sugar is popular in western countries and is available in sachets and jars. The brown sugar market is projected to register a CAGR of 8.11%. During the forecast period.

By Form, the segment is categorized into granulated, powder, and syrup. The granulated segment is the most dominating segment as being the more consumed product in all. Also in high demand for food and beverages, pharmaceuticals, dairy, confectionery. Furthermore increasing demand for the product in the manufacturing of sweets, chocolates, chewing gum is positively expected to impact the market.

Global Industrial Sugar Market

By Source, the segment is bifurcated into sugar cane and beet sugar. The sugar cane segment is dominating the market and is anticipated to be worth more than US$ 75 billion by the end of the forecast period, making it a massive opportunity for the stakeholders. APEJ contributes slightly under 2/5 of the revenue in 2017 and is likely to increase this share going forward. Beet sugar occupies a quarter of the revenue share in the industrial sugar market and thus companies are advised not to ignore entirely in favor of sugar cane. The highest evolution in terms of CAGR is estimated to be in the MEA region.

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By Application, the segment is categorised into dairy, bakery & confectionery, beverages, canned & frozen food, other food items & pharmaceuticals. The food and beverages segment is dominating the market and holds the largest market share, and was valued at $5838.8 billion in 2020 with registering CAGR of 6.1%.
Global Industrial Sugar Market Regional Insights:

Asia-Pacific is expected to dominate the industrial sugar market during the evaluation period due to the high consumption of sugar in innumerable application industries in the region. India is the most noticeable market in the industrial sugar market due to the noteworthy production and consumption of sugar in the nation. Furthermore, rapid urbanization, growth of application industries in the region, and the growing presence of market players are also catalysing the regional market growth. Owing to these factors, the region is also expected to register the highest CAGR during the forecast period,

Global Industrial Sugar Market

The objective of the report is to present a comprehensive analysis of the global Industrial Sugar market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Industrial Sugar market dynamics, structure by analyzing the market segments and project the global Industrial Sugar market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Industrial Sugar market make the report investor’s guide.

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Global Industrial Sugar Market
Global Industrial Sugar Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Industrial Sugar Market Key Players

• 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)
• COFCO Tunhe Co., Ltd. (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)

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