Global Industrial Sugar Market By Overview
Industrial sugar market accounted for USD 66.7 Billion in 2020 and is estimated to be USD 111.35 Billion by 2030 and is anticipated to register a CAGR of 5.3%.
Industrial sugar is a category of sweeteners which produces commercially by sugar cane and beetroot. Sugar cane and beetroot are used in food and confectionary manufacturers, catering, baking, pharmaceutical, and beverage industries. It is commonly used as flavor enhancer, sweetening agent as well as preservative in food industry. The sugar industry is divided into two sub sectors, which includes organized and unorganized sectors. All the sugar factories belong to the organized sector, and those who produce traditionally as sweeteners falls into unorganized sectors. Gur and Khand sari are the traditionally formed as sweeteners. These industries are the backbone of the nation for the development of economy. There are different forms of sugars produced in industries such as brown sugar, brown rice syrup etc. Sugarcane is passed through different processing units to convert into sugar.
Global Industrial Sugar Market By Drivers & Restraints
Rising consumption of sugar
Rising demand for industrial sugar in end-use applications such as in food and confectionary manufacturers, catering, baking, pharmaceutical, and beverage industries is major factor driving growth of the industrial sugar market. In addition, increasing production of sugar crops is another factor propelling growth of the target market. Furthermore, re-use of by-products of industrial sugar is factor expected to promote growth of the industrial sugar market over the forecast period. Moreover, growing importance of international trade regarding industrial sugar among individuals is factor fueling growth of the target market.
However, rising demand for alternate sweeteners as sugar substitutes, owing to health issues generated by sugar is key factor restraining growth of the industrial sugar market. Additionally, the low of intake sugar in the food supplements and increasing awareness of proper diet is another factor which decline the growth of the sugar industry.
Global Industrial Sugar Market By Segmentations & Regional Insights
Industrial sugar market is segmented based on type, form, application, source, and region.
On the basis of type, the target market is segmented into white sugar, brown sugar, and liquid sugar. On the basis of form, the industrial sugar market is categorized into granulated, powdered, and syrup. On the basis of application, the target market is bifurcated into dairy, bakery, confectionery, beverage, canned and frozen foods, pharmaceuticals, and other food items. On the basis of source, the industrial sugar market is classified into cane sugar and beet sugar.
Regional Insights:
Industrial sugar market accounted for US$ 66.7 billion in 2020 and is estimated to be US$ 111.35 billion by 2030 and is anticipated to register a CAGR of 5.3%. On region the industrial sugar market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing demand for industrial sugar in end-use applications such as catering, baking, pharmaceutical, and beverage industries in countries of the region. Also, the sugarcane production in this region among others is comparatively high. Latin America industrial sugar market is expected to account for revenue share in global market over the forecast period. Moreover, the market in Europe is projected to witness significant growth over the forecast period
Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Type- White Sugar, Brown Sugar, and Liquid Sugar By Form– Granulated, Powdered and Syrup By Application– Dairy, Bakery, Confectionery, Beverage, Canned and Frozen Foods, Pharmaceuticals and Other Food Items By Source- Cane Sugar and Beet Sugar |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the industrial sugar market report based on type, form, application, source, and region.
Industrial Sugar Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Industrial Sugar Market By Competitive Landscape & Key Players
The key players operating in the industrial sugar market includes Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos SA, Mitr Phol Sugar Corporation Limited, Louis Dreyfus Holding B.V., Wilmar International Ltd, Cosan SA Industrial Commercia, American Crystal Sugar Company, and E.I.D.- Parry (India) Limited.
Global Industrial Sugar Market By Company Profile
- Cargill Incorporated
- Archer Daniel Midland
- Raizen SA
- Sudzucker AG
- Tereos SA
- Mitr Phol Sugar Corporation Ltd
- Louis Dreyfus Holding B.V.
- Wilmar International Ltd.
- Cosan SA Industrial Commercia
- American Crystal Sugar Company
- E.I.D. Parry (India) Ltd.
Global Industrial Sugar Market By Highlights
FAQs
Industrial sugar market is segmented based on type, form, application, source, and region.
Rising demand of sugar production as well as end use applications in different fields is the major factor driving growth of the global market
The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. Also, Latin America industrial sugar market is expected to account for revenue share in global market over the forecast period.
Key players operating in the industrial sugar market includes Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos SA, Mitr Phol Sugar Corporation Limited, Louis Dreyfus Holding B.V., Wilmar International Ltd, Cosan SA Industrial e Commercia, American Crystal Sugar Company, and E.I.D.- Parry (India) Limited.