Global Industrial Sugar Market is projected to grow at a significant CAGR from 2017 to 2025
Sugar is one of the most widely used commodities in the world. The rising population, increased industrial sugar intake internationally, increasing applications of industrial sugar is what is driving the global industrial sugar market forward. There is also a huge increase in the usage of sugar in packaged food and beverage, health products, baked goods etc., which have recently experienced a huge rise in market demand. Based on type, the industrial sugar market is segmented into white, brown and liquid. The white sugar segment is expected to grow the fastest as it is the most common type of sugar used across the world. Increasing numbers of bakeries, supermarkets, artisan bakeries, etc. are to be acknowledged for the segment’s growth. Based on product, the market is divided into granulated, powdered and syrup. The granulated segment is the most common form of sugar used, it is used in most food items and is a crystalized form of sugar. The same is the fastest growing segment due to the vast growth of bakeries, confectionaries and candy manufacturers worldwide. It is also easier to store and use than the other two forms of the products. The major restraints of the market is the steady growth of the alternate and artificial sweeteners industry as consumers are making healthier choices and opting for artificial sweeteners in their drinks mostly to avoid the consumption of excess sugar and maintain healthier lifestyles. Also, excessive sugar intake is frowned upon and causes serious health risks for individuals of all ages and is often advised against by doctors and nutritionists.
The market research report is designed to provide a complete view on the global Industrial Sugar market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Industrial Sugar market has been studied considering a short term forecast of the factors/ variables which have an impact on Industrial Sugar market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Industrial Sugar Market
The global Industrial Sugar market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The market research methods involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Sugar market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, demand forecasting, market share analysis, SWOT analysis of the company’s manufacturing Industrial Sugar, and customer analytics.
Global Industrial Sugar Market Segmentation
Based on application, the market is segmented into dairy, bakery, confectionery, beverage, canned & frozen foods, and other food items & pharmaceuticals. Confectionary is the fastest growing segment due its wide application in products such as jams, chewing gum, chocolates, marmalade, and candied nuts. Research and development and innovation with the help of new machinery will take this market forward. Based on source, the market is segmented into cane sugar and beet sugar. The cane sugar segment has majority hold over the market as sugar from cane production is higher than that from beet.
End-User Landscape (Consumer Profile): Industrial Sugar Market
Companies such as Archer Daniels Midland, Sudzucker, AG, Cargill, Raizen SA, Nordzucker Group AG, and Tereos, among others are investing extensively in the manufacturing and sale of Industrial Sugar, which presents a huge opportunity to Industrial Sugar suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Archer Daniels Midland, Sudzucker, AG, Cargill, Raizen SA, Nordzucker Group AG, Tereos, and Tongaat Hulett Group, among others account for the major share in Industrial Sugar market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Dangote Group, E.I.D Parry Limited, and Illovo Sugar (Pty) Ltd.
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