Global Industrial Sugar Market
The global Industrial Sugar market was valued at USD 3.61 billion in 2016 and is projected to reach USD 5.14 billion by 2025, growing at a CAGR of 14.2% from 2017 to 2025.
Industrial sugars are products that are majorly used in end use industries rather than being sold in supermarkets. The rising bakery and confectionery industry is expected to boost the consumption of industrial sugar. The market faces an increasing threat from artificial sweeteners which are experiencing huge demand.
1. Market Drivers
1.1 Rising production of beet sugar
1.2 Increasing sugar crop production
2. Market Restraints
2.1 Water consuming monoculture production
2.2 Increasing demand for alternate sweeteners
The global Industrial Sugar market is segmented on the source, type, form, application, and region.
1. By Source:
1.1 Cane Sugar
1.2 Beet Sugar
2. By Type:
3. By Form:
4. By Application:
4.1 Confectionery Products
4.5 Canned and Frozen Foods
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Archer Daniels Midland
3. Raizen SA
5. Sudzucker Ag
6. E.I.D Parry Limited
7. Nordzucker Group AG
8. Dangote Group
9. Illovo Sugar Ltd.
10. Togaat Hulett Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Industrial Sugar market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.