The global industrial sugar market is estimated to grow at a CAGR of nearly 5.6% during the forecast period. The major factors contributing to the market growth include significant applications in the food and beverage industry and increasing production of sugarcane. As per the International Sugar Organization, the global sugar production represented an increase of 8.034 million tons to a record 178.612 million tons in 2018. In 2018, a considerable rise in sugar production has witnessed in India (+10.845 million tons) and Thailand (+4.653 million tons) than in 2017. Sugar is produced by nearly 110 countries from either beet or cane, and production of sugar with both cane and beet has witnessed in eight countries.
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Sugarcane accounts for approximately 80% of global sugar production. In 2018, the top 10 sugar-producing countries were India, Brazil, Thailand, China, the US, Mexico, Russia, Pakistan, France, Australia. These accounted for approximately 70% of the global output. Rising consumption of sugar in households and industrial production is the major cause for accelerating production output of sugar. The food industry uses white and brown crystalline sugars as sweeteners. In baking and confectionery, powdered sugars are utilized as icing sugar. In addition, sugar syrups are utilized as a base for flavored syrups, toppings, and fruit sauces, and in beverages. Sugars are used in medical syrups, tomato sauces, and mayonnaise, to deal with acidic and bitter tastes. Therefore, there is a considerable application of sugar in food and beverage industry. However, increasing shift towards alternate sweeteners is acting as a major restraining factor for the market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Industrial Sugar Market by Type
- White
- Brown
- Liquid
Global Industrial Sugar Market by Source
- Cane Sugar
- Beet Sugar
Global Industrial Sugar Market by Form
- Granulated
- Powder
- Syrup
Global Industrial Sugar Market by Application
- Bakery and Confectionery
- Dairy
- Beverages
- Canned and Frozen Foods
- Other Foods
- Pharmaceuticals
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AGRANA Beteiligungs-AG
- American Crystal Sugar Co.
- Archer Daniels Midland Co.
- Associated British Foods plc
- Cargill, Inc.
- Dalmia Bharat Enterprises Ltd. (DBEL)
- Dangote Sugar Refinery PLC
- I.D. – Parry (India) Ltd.
- Louis Dreyfus Co. B.V.
- Mitr Phol Sugar Co. Ltd.
- Nordzucker AG
- NSL Sugars Ltd.
- Raízen Energia S.A.
- Shree Renuka Sugars Ltd.
- Südzucker AG
- Tereos
- Thai Roong Ruang Group
- Tongaat Hulett Group Ltd.
- Triveni Engineering & Industries Ltd.
- Wilmar International Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial sugar market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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