Report Code: A15171 | Pages: NA | Mar 2023 | 1234 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Sugar Market
Request Now !Sugar is easily one of the most significant commodities in the world, if not the most essential, because it is used in a wide range of cuisines. Expanding sugarcane production, rising sugar prices, developments in the industrial beet sugar industry, and consumption habits of ready-to-eat goods and beverages all influence the worldwide industrial sugar market.In addition, new product introductions that allow industrial sugars to be used in even more applications are expected to assist the worldwide industrial sugar market. For the five-year period from 2017 to 2022, the industrial sugars market is expected to grow at a moderate CAGR of 4.7 percent.By the conclusion of the forecast year, the cane industrial sugar segment is expected to be worth more than US$ 75 billion, representing a tremendous potential for all key stakeholders. In 2017, APEJ contributed little less than 2/5th of total income, and this percentage is expected to rise in the future.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Increased Organic Cane Sugar Imports and Exports
Industrial sugar is a widely traded commodity on the international market. India is a well-known country where industrial sugar is grown and exported around the world.The export and import of organic cane sugar has increased. Despite widespread criticism of sugar consumption, organic sugar has crucial characteristics that are driving consumer demand increase. Over typical traditional cane sugar, these features include availability, texture, cost, eco-friendliness, nutrition benefits, and a deep sugarcane flavor.
Organic cane sugar has a distinct molasses aroma that appeals to consumers since it preserves all of the nutrients found in its natural state.Few countries, such as the United States, have a significant source of organic cane sugar capable of meeting domestic demand, and total sugar consumption in the country is expected to be around 200,000MT in 2019, so the majority of organic cane sugar sold in the country (both retail and as an ingredient) is imported.
Asia-Pacific is Expected to Grow at the Fastest Rate
Industrial sugar is predicted to be a global leader in terms of market share. The United States and Europe are the major consumers of these products, and the trend is spreading to developing nations such as Asia-Pacific and Latin America. Producers have recently placed a high demand on developing regions, and the trend of such consumption is spreading to developing countries. In recent years, the industrial sugar industry has seen an increase in demand due to the growing popularity of South African industrial sugar infused products.
Nonetheless, the population's expansion and the rate of change in consumption patterns are driving demand for industrial sugar. In Asia-Pacific, however, demand for industrial sugar has surged due to rising consumption of confectionary items. As a result of the nutritional revolution compounded by lifestyle changes in developing countries, Asia-Pacific industrial sugar is predicted to increase at the fastest rate during the forecast period.
Key Benefits of the Report
Questions Answered in the Industrial Sugar Market Research Report
Industrial Sugar Market Report Highlights
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Key Market Players | Suedzucker AG, Associated British Foods Plc, Tereos Internacional SA, Mitr Phol Sugar Corporation Limited, Louis Dreyfus Holding B.V., Wilmar International Limited, American, Crystal Sugar Company, E.I.D.-Parry (India) Limited, Shree Renuka Sugars Ltd., Cosan SA Indústria e Comércio |
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