Europe Industrial Sugar Market: Industry Analysis and Forecast (2024-2030) Trends
Europe Industrial Sugar Market was valued at USD 4.40 Billion in 2023. Europe Industrial Sugar Market size is estimated to grow at a CAGR of 6.03% over the forecast period.
Format : PDF | Report ID : SMR_1060
Europe Industrial Sugar Market Definition:
The Europe Industrial Market is expected to increase through the forecast period. As there is an increase in demand for Beet Sugar in the European region. The sugar industry in Europe is expected to increase through the forecast period as European Union announced the liberalization of sugar policies
Further, the Industrial Sugar Market is segmented by Type, By Basic Form, By Application and geography. On the basis of Type, the Industrial Sugar Market is segmented White sugar, Brown sugar and Liquid sugar. Based on the Basic Form, the Industrial Sugar Market is segmented under Granulated, Powdered and Syrup. Based on the Application, the Industrial Sugar Market is segmented under Dairy, Bakery, Confectionery, Beverage, Canned & frozen, foods, Pharmaceuticals, Other food items. by geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe for each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
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Europe Industrial Sugar Market Dynamics:
The new sugar policies are expected to allow farmers to cultivate more sugar as minimum payments and production quotas have been ended. The favourable government regulations in Europe expected to export the Sugar first time. Thus, the farmers are expected to cultivate more sugar crops hence increasing the demand for Industrial Sugar through the forecast period. Moreover, Europe is exporting sugar to the middle east and Africa, which can produce many opportunities for local farmers and retailers.
Sugar prices are attractive in recent years thus beet sugar producers increased the production of sugar as the prices are high but the prices plunged thus creating overproduction of the sugar crops which is expected to hamper the market through the forecast period. However, the Overproduction of sugar is expected to create export opportunities in the market thus it is expected to grow the market significantly through the forecast period. On the other hand, governments are investing in research and development to innovate new techniques for aphid preventions solution and solutions against insects that are harmful to sugar crops. Also, the observatory for accurate data on international trade is expected to assist the market through the forecast period. One of the major challenges for European companies is trying to make the most out of their production plants the UK use their plants for about 160 days and Germany around 128 days thus France is trying to gain figures more than 130 days to increase the efficiency and making greater use of plants to for greater profitability.
The increasing demand for the Industrial Sugar market is due to its applications in the food and beverage industry. The rise in focus on development and innovation resulted in the emergence of new products. Also, Major companies are increasing their investments in the research and development of various new products. Sugar becomes a vital ingredient in the food and beverage industry due to its wide range of applications and the increasing demand for processed food and beverages among the consumers driving the Europe Industrial sugar market through the forecast period. Moreover, sugar is majorly used in alcoholic drinks as well as non-alcoholic drinks. In addition to it the demand for bakery products fuelling the demand for industrial sugar through the forecast period.
The increase in awareness about a Healthy lifestyle driving the market for low sugared products is expected to hinder the market growth through the forecast period. Thus, various diseases like diabetes and blood pressure are increasing due to excessive use of sugar in food products. Currently, consumers are focusing their attention on eating healthy food verities and low GI, Low carbs diet to prevent health-related issues and to maintain their health conditions. These factors are expected to hinder the market growth through the forecast period. Moreover, the growing availability of sugar alternatives such as honey and jaggery is expected to hinder the market growth through the forecast period.
Europe Industrial Sugar Market Segment Analysis:
By Type, the Industrial Sugar Market is segmented into white sugar, Brown sugar, and Liquide sugar. The White sugar segment is expected to dominate the market through the forecast period. As this type of sugar is easily available at a cheaper cost than other types and it is widely used in household applications. Thus, Increasing the demand for the market through the forecast period.
By Basic Form, The Industrial sugar market is segmented into powder, granules and syrup. The Granules segment is expected to dominate the market through the forecast period. The granules from us usually come up with white sugar and it is easy to use and cost-effective thus, it is expected to grow at the highest CAGR through the forecast period.
Europe Industrial Sugar Market Regional Insights:
Over the next few years, Europe is likely to remain a very attractive market for vehicle Industrial Sugar Market. The growth of this market can be attributable to the United States' high per capita automobile ownership, as well as its high per capita income. Commercial vehicles, such as big trucks, as well as construction and agricultural machinery, are all popular in Europe. The majority of the automobiles in this area have electro-hydraulic power steering.
Every new vehicle sold in Canada comes with power steering. Automobile manufacturers in the country are progressively offering vehicles with electric powertrains, as well as hybrid vehicles that combine electric and hydraulic powertrains. Canadian automakers are pioneering the development of game-changing automobile innovations.
Europe Industrial Sugar Market Key Players Insights:
The objective of the report is to present a comprehensive analysis of the Europe Industrial Sugar Market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Industrial Sugar Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Industrial Sugar Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Industrial Sugar Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Industrial Sugar Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Industrial Sugar Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Industrial Sugar Market. The report also analyses if the Europe Industrial Sugar Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Industrial Sugar Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Industrial Sugar Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Industrial Sugar Market is aided by legal factors.
Europe Industrial Sugar Market Scope:
Europe Industrial Sugar Market |
|
Market Size in 2023 |
USD 4.40 Bn. |
Market Size in 2030 |
USD 6.62 Bn. |
CAGR (2024-2030) |
6.03% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Type
|
By Basic Form
|
|
By Application
|
|
By Geography
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Europe Industrial Sugar Market Key Players:
- Ragus Sugars Ltd
- Tereos UK & Ireland
- Shepcote Distributors
- Candyco
- Ross's of Edinburgh
- Kent Foods Limited
- Silver spoon
- Guppy's Chocolates
- Iscal Sugar B.V.
- European Sugar Refineries Association
- Assuc
- Tsubakimoto Europe
Frequently Asked Questions
France region is expected to hold the highest share in the Europe Industrial Sugar Market.
The market size of the Europe Industrial Sugar Market by 2030 is expected to reach USD 6.62 Billion.
The forecast period for the Europe Industrial Sugar Market is 2024-2030
The market size of the Europe Industrial Sugar Market in 2023 was valued at USD 4.40 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Industrial Sugar Market: Target Audience
- Europe Industrial Sugar Market: Primary Research (As per Client Requirement)
- Europe Industrial Sugar Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - By Type, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Industrial Sugar Market Segmentation
- Europe Industrial Sugar Market, By Type (2023-2030)
- White sugar
- Brown sugar
- Liquid sugar
- Europe Industrial Sugar Market, By Basic Form (2023-2030)
- Granulated
- Powdered
- Syrup
- Europe Industrial Sugar Market, By Application (2023-2030)
- Dairy
- Bakery
- Confectionery
- Beverage
- Canned & frozen foods
- Pharmaceuticals
- Other food items
- Europe Industrial Sugar Market, by Country (2023-2030)
- Italy
- France
- Russia
- United Kingdom
- Rest of Europe
- Europe Industrial Sugar Market, By Type (2023-2030)
- Company Profiles
- Key Players
- Cargill Incorporated
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Archer Daniel Midland
- Raizen SA
- Sudzucker AG
- Tereos
- Nordzucker Group AG
- Tongaat Hulett Group
- Illovo Sugar (Pty) Ltd
- Dangote Group
- E.I.D Parry Limited
- Cargill Incorporated
- Key Players
- Key Findings
- Recommendations