Industrial Sugar Market By Type (White Sugar, Brown Sugar, Liquid Sugar), By Source (Sugarcane, Sugarbeet ), By Form (Granulated, Powder, Syrup), By Application (Dairy, Bakery, Confectionaries, Beverages, Canned & frozen foods, Pharmaceuticals, Others), Global Analysis to 2024

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format

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Industrial Sugar Market By Type (White Sugar, Brown Sugar, Liquid Sugar), By Source (Sugarcane, Sugarbeet ), By Form (Granulated, Powder, Syrup), By Application (Dairy, Bakery, Confectionaries, Beverages, Canned & frozen foods, Pharmaceuticals, Others), Global Analysis to 2024

Industrial Sugar Market Valuation – 2024-2032

According to the new report titled " Industrial Sugar Market By Type (White Sugar, Brown Sugar, Liquid Sugar), By Source (Sugarcane, Sugarbeet ), By Form (Granulated, Powder, Syrup), By Application (Dairy, Bakery, Confectionaries, Beverages, Canned & frozen foods, Pharmaceuticals, Others), Global Analysis to 2023".

The valuation of the Industrial Sugar market was $ 44.52 Billion in 2023 and is projected to reach $ 70.56 Billion by 2032, at a CAGR of 5.25% from 2021 to 2032.

The Industrial Sugar Market was valued at $23.44 Billion by 2023 and expected to grow at CAGR of 5.25% over forecast period. Industrial sugar refers to sugar that is produced on a large scale for use in various industrial applications, including food and beverage manufacturing, pharmaceuticals, cosmetics, and other industries. The primary sources of industrial sugar are sugarcane and sugar beets, which are processed to extract sucrose, the main component of sugar. Industrial sugar is a key ingredient in the production of a wide range of food and beverage products, including baked goods, confectionery, beverages, dairy products, sauces, and dressings.

Industrial Sugar MarketDefinition/Overview

Sugar, a pivotal component within the food industry, is derived from sugarcane molasses or sugar beet, undergoing a series of processes including extraction, cleaning, crystallization, and drying. With its versatile applications as a coating adjunct, sweetening agent, and pharmaceutical diluent, sugar encompasses types such as Brown Sugar, White Sugar, and Liquid Sugar, sourced from Sugarcane, Sugar Beet, and other origins, available in Granules, Powder, and Syrup variants. Its utilization extends across diverse sectors including Food & Beverages, Pharmaceuticals, and other industries.

The Industrial Sugar Market is propelled by the global expansion of sugar crop cultivation, driven by the expansion of the food industry and the burgeoning production of biofuels. Economic dynamics influencing production encompass advancements in cultivation techniques and trade practices. The escalating demand for packaged food products and the manifold industrial applications of sugar are poised to catalyze market expansion. Notably, robust growth in sugar prices and crop yields, underpinned by the expansion of the food industry and vigorous import-export activities, has been evident. Nonetheless, market growth may encounter obstacles such as increasing awareness regarding high-calorie dietary choices, seasonal constraints in sugarcane cultivation, and the emergence of sugar alternatives.

It serves various functions such as providing sweetness, texture, color, and preservative properties in these products. Industrial sugar is typically packaged and distributed in bulk quantities, such as bags, drums, or bulk containers, to meet the needs of industrial customers. It is often transported via bulk trucks, railcars, or ships to food manufacturers, wholesalers, and other industrial users. The production and sale of industrial sugar are subject to regulations and standards set by government agencies and industry organizations to ensure safety, quality, and compliance with food safety and labeling requirements.

White Sugar held the largest share in the Industrial Sugar market

Picture thisdifferent types of sugar, like white, brown, and liquid, are like players in a sweet symphony. White sugar takes the spotlight in the industrial sugar world. Industries love white sugar like it's their secret ingredient. They use it in all sorts of goodies, from baked treats to tasty drinks and sauces. It's not just about making things taste sweet, though. White sugar gives food and drinks the right texture and makes them more satisfying to eat. And guess what? Industries love that it's so easy to dissolve and use. That's why white sugar is the star player in the industrial sugar world, making it a must-have ingredient for all sorts of delicious and satisfying products.

These characteristics ensure consistent performance and ease of handling during the manufacturing process, contributing to the quality and consistency of the final products. The demand for white sugar in the industrial sector is influenced by global market dynamics, including factors such as population growth, urbanization, economic development, and changes in consumer preferences. Emerging markets with growing food and beverage industries contribute to the increasing demand for industrial white sugar. Overall, the demand for white sugar in the industrial sugar sector remains robust due to its essential role in food and beverage manufacturing, as well as its versatility and suitability for a wide range of industrial applications.

Asia Pacific headed the Industrial Sugar market in 2023

Hey there! The Asia Pacific region is a bustling hub with a growing population and cities on the rise. People are making more money and craving a sweet life, so they're buying tons of tasty treats like processed foods, drinks, and snacks. These treats often have industrial sugar as a secret ingredient. As countries in the region get richer, people want more convenience in their lives. They're opting for quick and easy meals, packaged goods, and snacks that often have plenty of sugar in them. The food and drink business in Asia Pacific is booming because people love their convenient and sweet fixes. Industrial sugar is a major part of the processed foods, beverages, and sweets we eat here. Countries like China, India, Indonesia, and Vietnam are especially hungry for it. They have lots of people and a growing middle class who can afford to indulge in sugary treats. Governments and trade rules can also play a role in how much industrial sugar we use. Taxes, subsidies, and how much sugar we make ourselves can change how much sugar is available and how much it costs in different countries.

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2018-2031
GROWTH RATE

CAGR of ~5.15 % from 2024 to 2031
BASE YEAR FOR VALUATION

2023
HISTORICAL PERIOD

2018-2022
FORECAST PERIOD

2024-2031
QUANTITATIVE UNITS

Value in USD Billion
REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
  • By Type
  • By Form
  • By Source
  • By Application
  • By Distribution Channel
REGIONS COVERED
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
KEY PLAYERS
  • Cargill
  • Archer Daniels Midland Company
  • Balrampur Chini Mills
  • Raizen SA
  • Sudzucker
  • Unica
  • AG Tereos
  • Nordzucker Group AG
  • Tongaat Hulett Group
  • Illovo Sugar (Pty) Ltd.
  • Dangote Group
  • E.I.D Parry Limited.

Key market players operating in the market that are profiled in the report are -

  • Cargill
  • Archer Daniels Midland
  • Raizen
  • Sudzucker
  • Tereos
  • Nordzucker
  • Tongaat Hulett
  • Illovo Sugar etc.

Industrial Sugar Market, By Category

Type

  • White Sugar
  • Liquid Sugar
  • Iced Sugar

Form

  • Powdered
  • Granulated
  • Syrup

Source

  • Sugar Beet
  • Sugar Cane
  • Others

Application

  • Food & Beverage
  • Pharmaceutical
  • Chemical
  • Biofuel
  • Others

Distribution Channel

  • Supermarkets
  • Online Retail
  • Direct Sales
  • Retail Stores

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Reasons to Purchase this Report

Understanding the Market We'll deep dive into the market, breaking it down into segments based on both financial and lifestyle factors. Each segment will be analyzed in detail, providing valuable insights into its size, growth potential, and key trends. Market Value at Your Fingertips We'll provide you with market value data in billions of dollars for each segment and sub-segment, helping you identify the most lucrative areas for investment and growth. Pinpoint the Powerhouses We'll highlight the region and segment that's expected to lead the market, growing at a rapid pace. This information will help you stay ahead of the competition and capitalize on the most promising opportunities. Global Snapshot We'll take a geographical journey, analyzing the consumption and growth drivers of the product or service in different regions. This will shed light on the specific factors influencing market trends in each area. Competitive Edge You'll gain a competitive advantage with our insights into the market ranking of major players. We'll keep you updated on new product launches, partnerships, and acquisitions to empower your strategic decision-making. Company ProfilesYour Guide to Success We'll provide comprehensive profiles of key market players, including company overviews, insights, product evaluations, and SWOT analyses. This in-depth information will help you identify potential partners, competitors, and investment opportunities. Navigating the Future We'll offer projections for the market's future outlook, considering the latest growth drivers, challenges, and trends in both emerging and developed regions. Porter's Five ForcesUnderstanding the Market Landscape We'll analyze the market using Porter's five forces framework, providing a comprehensive understanding of competitive forces, threats, and industry dynamics. Value Chain AnalysisUnlocking Efficiency Our value chain analysis will reveal the relationships between different activities within the market, highlighting opportunities for optimization and innovation. Market DynamicsCharting the Course We'll track market dynamics, identifying potential growth areas and providing insights into the challenges and opportunities that lie ahead. Post-Sales SupportYour Partner in Success For six months after your purchase, our analysts will be available to provide additional support and insights, ensuring you have the information you need to make informed decisions and maximize your market performance.

Table of Content

1. INTRODUCTION OF GLOBAL INDUSTRIAL SUGAR MARKET
1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources

4. GLOBAL INDUSTRIAL SUGAR MARKET OUTLOOK
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis

5. GLOBAL INDUSTRIAL SUGAR MARKET, BY TYPE
5.1. Overview
5.2 White Sugar
5.3 Liquid Sugar
5.4 Iced Sugar

6. GLOBAL INDUSTRIAL SUGAR MARKET, BY SOURCE
6.1. Overview
6.2 Sugar Beet
6.3 Sugar Cane
6.4 Others

7. GLOBAL INDUSTRIAL SUGAR MARKET, BY FORM
7.1. Overview
7.2 Powdered
7.3 Granulated
7.4 Syrup

8. GLOBAL INDUSTRIAL SUGAR MARKET, BY APPLICATION
8.1. Overview
8.2 Food & Beverage
8.3 Pharmaceutical
8.4 Chemical
8.5 Biofuel
8.6 Others

9. GLOBAL INDUSTRIAL SUGAR MARKET, BY DISTRIBUTION CHANNEL
9.1 Overview
9.2 Supermarkets
9.3 Online Retail
9.4 Direct Sales
9.5 Retail Stores

10. GLOBAL INDUSTRIAL SUGAR MARKET, BY GEOGRAPHY
10.1. Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. U.K.
10.3.3. France
10.3.4. Rest of Europe
10.4. Asia Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Rest of Asia Pacific
10.5. Rest of the World
10.5.1. Latin America
10.5.2. Middle East & Africa

11. GLOBAL INDUSTRIAL SUGAR MARKET COMPETITIVE LANDSCAPE
11.1. Overview
11.2. Company Market Ranking
11.3. Key Development Strategies

12. COMPANY PROFILES

12.1. Cargill
12.1.1. Overview
12.1.2. Financial Performance
12.1.3. Product Outlook
12.1.4. Key Developments

12.2. Archer Daniels Midland Company
12.2.1. Overview
12.2.2. Financial Performance
12.2.3. Product Outlook
12.2.4. Key Developments

12.3. Balrampur Chini Mills
12.3.1. Overview
12.3.2. Financial Performance
12.3.3. Product Outlook
12.3.4. Key Developments

12.4. Raizen SA
12.4.1. Overview
12.4.2. Financial Performance
12.4.3. Product Outlook
12.4.4. Key Developments

12.5. Sudzucker
12.5.1. Overview
12.5.2. Financial Performance
12.5.3. Product Outlook
12.5.4. Key Developments

12.6. Unica
12.6.1. Overview
12.6.2. Financial Performance
12.6.3. Product Outlook
12.6.4. Key Developments

12.7. AG Tereos
12.7.1. Overview
12.7.2. Financial Performance
12.7.3. Product Outlook
12.7.4. Key Developments

12.8. Nordzucker Group AG
12.8.1. Overview
12.8.2. Financial Performance
12.8.3. Product Outlook
12.8.4. Key Developments

12.9. Tongaat Hulett Group
12.9.1. Overview
12.9.2. Financial Performance
12.9.3. Product Outlook
12.9.4. Key Developments

12.10. Illovo Sugar (Pty) Ltd.
12.10.1. Overview
12.10.2. Financial Performance
12.10.3. Product Outlook
12.10.4. Key Developments

13 KEY DEVELOPMENTS
13.1 Product Launches/Developments
13.2 Mergers and Acquisitions
13.3 Business Expansions
13.4 Partnerships and Collaborations

14. Appendix
14.1. Related Research

  • Cargill
  • Archer Daniels Midland Company
  • Balrampur Chini Mills
  • Raizen SA
  • Sudzucker
  • Unica
  • AG Tereos
  • Nordzucker Group AG
  • Tongaat Hulett Group
  • Illovo Sugar (Pty) Ltd.
  • Dangote Group
  • E.I.D Parry Limited.

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