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Global Industrial Sugar Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast

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  • 285
  • CATEGORY
  • Food & Beverages
Market Overview
The global Industrial Sugar market size was valued at USD 46,000 million in 2022 and is projected to reach USD 59,000 million by 2033, growing at a CAGR of 4.5% during the forecast period.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 46,000 million

Market Forecast in 2033

USD 59,000 million

CAGR % 2023-2033

4.5%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more

Key Companies

Cargill, Incorporated; Archer Daniels Midland Company; Sudzucker AG; Tereos S.A.; Associated British Foods plc; E.I.D.-Parry (India) Limited; Wilmar International Limited; Cosan Limited; Nordzucker AG; Mitr Phol Sugar Corp. Ltd.



Global Industrial Sugar Market- Description
The industrial sugar market refers to the global market for sugar used in various industrial applications, including food and beverage production, confectionery, bakery, pharmaceuticals, and biofuels. Industrial sugar is derived from sugarcane or sugar beets and undergoes processing to produce different forms such as granulated sugar, powdered sugar, liquid sugar, and others.
Increasing Demand from Food and Beverage Industry: The food and beverage industry is the major consumer of industrial sugar, driving market growth. Sugar is a crucial ingredient used in the production of various food and beverage products, including bakery items, sweets, carbonated beverages, dairy products, and processed foods. The growing population, changing consumer preferences, and increasing disposable incomes contribute to the rising demand for sugar in the food and beverage sector. The biofuels industry plays a significant role in the demand for industrial sugar, particularly for the production of ethanol. Sugar is a key feedstock used in the fermentation process to produce bioethanol, a renewable and cleaner alternative to fossil fuels. The increasing focus on renewable energy sources and government initiatives promoting biofuels drive the demand for industrial sugar in the biofuels sector.

Global Industrial Sugar market: Key Trends
• Rising Demand for Natural and Organic Sugar:
There is a growing trend of consumers preferring natural and organic products, including sugar. As a result, manufacturers are introducing natural and organic industrial sugar options to cater to this demand. These sugars are sourced from organic sugarcane or sugar beets and undergo minimal processing, offering a more natural and sustainable choice for industries and consumers.
• Technological Advancements in Sugar Processing:
The industrial sugar market is witnessing technological advancements aimed at improving the efficiency of sugar processing and enhancing the quality of the final product. Innovations in extraction techniques, refining processes, and automation in sugar mills contribute to higher yields, reduced production costs, and improved sugar quality. These advancements enable manufacturers to meet the increasing demand for high-quality industrial sugar.

Global Industrial Sugar market: Segmental Analysis
Type
• Granulated sugar
• powdered sugar
• liquid sugar
• brown sugar
• others.
Source
• Sugarcane-based sugar
• sugar beet-based sugar

Application
• Food and beverage
• Confectionery
• Bakery
• Pharmaceuticals
• Biofuels
• others.

Global Industrial Sugar market: Geographical landscape
The industrial sugar market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is a significant market for industrial sugar due to the presence of major sugarcane and sugar beet producers, such as India, China, Thailand, and Brazil. The region's large population, rapid urbanization, and expanding food and beverage industry contribute to the high demand for industrial sugar. North America and Europe are mature markets with well-established food processing industries and a high consumption of processed foods and beverages. These regions also have a growing demand for biofuels, further driving the demand for industrial sugar.

Global Industrial Sugar Market- Recent Developments
• In 2022, EID Parry, a producer of sugar and nutraceuticals, has entered into a commercial partnership with Nutrition Innovation, a food technology company, to produce Nucane low GI sugar. S. Suresh, the managing director at EID Parry, stated that the collaboration with Nutrition Innovation allows them to utilize the technology for Nucane low GI sugar, enabling the production of naturally low glycemic raw sugar. This addition expands their current product portfolio and aligns with the increasing global demand for less processed, less refined, and brown sugars.

Global Industrial Sugar Market: Key Companies
• Cargill, Incorporated
• Archer Daniels Midland Company
• Sudzucker AG
• Tereos S.A.
• Associated British Foods plc
• E.I.D.-Parry (India) Limited
• Wilmar International Limited
• Cosan Limited
• Nordzucker AG
• Mitr Phol Sugar Corp. Ltd.
• Others

Global Industrial Sugar Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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