About Industrial Sugar
The industrial sugar category comprises sweeteners, which are used by the confectionary, baking, catering, beverages, pharmaceutical, among other industries. It offers a wide range of sweetening solutions to the manufacturers, as it is the vital commodity that is traded in the global markets. Industrial sugar is sweet, soluble carbohydrate, which is used in adding to several items. There are various types of industrial sugar derived from various sources. Cane and beet are the major sources of industrial sugar. Based on the type, the market has been segmented into white, brown, and liquid sugar. The rising sugar crop production across the globe is one of the key factors driving the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.3% |
Number of players are present in the market hence fragmented nature of the market. Market players are focusing on technological developments and space-saving industrial door solution expected to generate lucrative opportunities for the market players involved in the industrial doors manufacturing. Analyst at AMA Research estimates that United States, South African Vendors will contribute the maximum growth to Global Industrial Sugar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Archer Daniels Midland Company (United States), Raizen SA (Brazil), Sudzucker, AG (Germany), Tereos SA (France), Nordzucker Group AG (Germany), Tongaat Hulett Limited (South Africa), Illovo Sugar (Pty) Ltd (South Africa), Dangote Sugar (Nigeria) and E.I.D Parry Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Sugar market by Type (White sugar, Brown sugar and Liquid sugar), Application (Dairy, Bakery, Confectionery, Beverage, Canned & frozen foods, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Industrial Sugar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Granulated will boost the Industrial Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Cane Sugar will boost the Industrial Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Surge in the Use of Industrial Sugar for Bakery & Confectionary Applications
Market Growth Drivers:
Growing Importance of International Trade in Industrial Sugar, Expanding Sugar Crop Production, The Rising Population As Well As Consumption of Sweetened Food Items, Rising Average International Prices, Value Addition of By-Products and Increasing Industrial Beet Sugar Market
Challenges:
Pricing Pressure of Industrial Sugar and Increasing Costs of Sugar Production
Restraints:
Water Consuming Monoculture Production and Growth in Demand for Alternate Sweeteners as Sugar Substitutes
Opportunities:
Productivity Improvement Opportunity, Increasing Cooperative Structure, Preferential Trade Agreements and The Emerging Demand from Developing Nations
Market Leaders and their expansionary development strategies
In May 2023, DSM and Firmenich today announce that they have entered into a business combination agreement (the "BCA") to establish the leading creation and innovation partner in nutrition, beauty and well-being ("DSM-Firmenich"). The combination will bring together Firmenich's unique leading Perfumery and Taste businesses, its world-class science platforms and associated co-creation capabilities with DSM's outstanding Health and Nutrition portfolio and renowned scientific expertise.
In 2020, Associated British Foods plc announced that it was investing £110 million to expand its sugar beet processing plant in the UK. The expansion is expected to increase the company's production capacity and improve its competitiveness in the European industrial sugar market.
Key Target Audience
Industrial Sugar Manufacturers, Farmers and raw material suppliers, Manufacturers, millers, and factory corporate owners, Refinery owners, Commodity importers and exporters, Commodity traders and distributors, Government and research organizations and Associations and industry bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.