The Industrial Sugar Market size is expected to grow from USD 44.6 billion in 2024 to USD 66.6 billion by 2032, at a CAGR of 5.30% during the forecast period (2024-2032).
The body uses sugar, a form of carbohydrate, to produce energy. There are two types of sugar industrial sugar, which is processed or manufactured sugar, and natural sugar, which is found in food like fruit and starchy vegetables. Additive sugars, or added sugars, are defined as any sugar that is added to food during preparation. Cane sugar is the most widely used kind of refined sugar, while there are many other varieties of industrial sugars. This sugar, which is frequently used in baking and cooking, is also known as table sugar or granulated sugar. Added sugars, which go by many names and forms in processed foods, such as brown sugar, anhydrous dextrose, and onfectioners powdered sugar, corn syrup, fructose, dextrose, high-fructose corn syrup (HFCS), maple syrup, raw sugar, sucrose, and white granulated sugar. The high production of industrial sugar and availability of industrial sugar in different forms according to the need of consumers is propelling the growth of the market during the forecast period.
Leading Innovators in the Industry
- American Crystal Sugar Company
- Archer Daniels Midland Company
- Associated British food plc (UK)
- Cosan SA Industrial e Comercio (Brazil)
- E.I.D Parry Lit (India)
- Illovo Sugar (South Africa)
- Louis Dreyfus Holding BV (Amsterdam)
- Mitr Phol Sugar corporation lit (Thailand)
- Nordzucker Group AG (Germany)
- Shree Renuka Sugar ltd (India)
- Suedzucker AG (Germany)
- Tereos Internacinal SA (Brazil), and other major players.
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Industrial Sugar Market Driver
These days, individuals are experimenting with their diets, and the majority of the population consumes a lot of processed food and beverages because of a variety of factors, including their hectic schedules and lack of free time. Additionally, producers and manufacturers offer a variety of cuisines and food items from around the globe, drawing customers and changing their dietary preferences. Furthermore, processed foods and drinks are far more tempting to both adults and children since they are very convenient, delicious, shelf-stable, and reasonably priced. For example, the United States alone uses 14.4 pounds of sugar per capita annually, or 2.21 million tons, from Coke.
Segmenting the Market: Understanding the Diverse Landscape
By Type
· White Sugar
· Brown Sugar
· Liquid Sugar
By End Use
· Confectionary
· Beverages
· Dairy Products
· Others
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
Regional Analysis
The industrial sugar market is anticipated to be dominated by the Asia Pacific region in the next years, where it now holds a dominant position. The market is expanding due to the high use of sugar brought on by consumers' increasing desire for soft drinks and confectionary food items. The region is home to large populations in China, Japan, and India, which contribute to an increase in the region's use of industrial sugar. India used the most sugar worldwide in 2021–2022, accounting for almost 29 million metric tons, according to Statista. China and India are both more populous countries, but India used about 12 million metric tons of sugar more than China did. During that time, more than 175 million metric tons of sugar were consumed worldwide.
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Table of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By End Use
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Industrial Sugar Market by Type
5.1 Industrial Sugar Market Overview Snapshot and Growth Engine
5.2 Industrial Sugar Market Overview
5.3 White Sugar
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 White Sugar: Geographic Segmentation
5.4 Brown Sugar
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Brown Sugar: Geographic Segmentation
5.5 Liquid Sugar
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Liquid Sugar: Geographic Segmentation
To be Continue….
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