Industrial Sugar Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Basic Form, Application, and Region

Industrial Sugar Market Definition:

The Industrial Sugar Market is expected to grow through the forecast period. Due to the increase in food processing markets in developing countries like India. The increase in demand for non-alcoholic and alcoholic beverages is expected to increase the demand for the market.

 

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 following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Industrial Sugar Market Dynamics:

The Industrial Sugar Market is expected to grow through the forecast period. Due to the increase in food processing markets in developing countries like India. The increase in demand for non-alcoholic and alcoholic beverages is expected to increase the demand for the market. The rise in consumption of bakery products, dairy products, sweet confectioneries, ice creams, yoghurt and milk-based products increased the demand for the Industrial Sugar Market. Due to COVID 19, pandemic Sugar industries faced huge losses due to government regulations regarding lockdowns in every part of the world. The price of sugar declined due to the low demand, which resulted in a decrease in market value. Moreover, the reopening of various sectors in the post-COVID 19 period and due to ease of restrictions, the supply chain of the sugar market is back on track. The sales are expected to increase through the forecast period. Hence the demand for the Industrial Sugar Market is expected to increase through the forecast period.

 

The Increase in awareness of about healthy lifestyle fuelled the demand for healthy products. Consumers are focusing on buying healthy food verities which are made up of brown sugar and raw sugar. As these verities of sugar show a lesser impact on health-related issues than the chemical processed sugars. This consumer behaviour shifts towards the health products expected to increase in the market through the forecast period. Organic sugar is one of the reasons consumers buy sugar products.  And it is one of the healthier and conventional sugar preferred by consumers. Major key companies and manufacturers are focusing on developing innovative products through research and development, one of the Singapore-based companies launched the Low-Gi product, which is a low sugar product to attract the consumers who are looking for low sugar products as the majority of consumers prefer to buy healthier products. 

 

Rise in concerns for health-related problems and increasing awareness about healthy lifestyle growing the demand for low sugar-based products which is expected to increase the market growth through the forecast period. However, a surge in demand for beverages, and processed food supports the market. The food and beverage industry is growing at a faster pace as new innovative products are expected to launch and changing consumer demand fuelling the demand for Industrial Sugar Market through the forecast period. The increase in demand for processed for is one of the primary drivers of the market. In addition to it, sugar is extensively used in various types of beverages such as alcoholic drinks, soft drinks, and chemical sodas. Also, the emergence of a new trend to drink these kinds of beverages as a snack has increased the demand for the market. The demand for bakery products is increased exponentially in recent years due to the increase in population and increase in disposable incomes driving the market through the forecast period.

 

The increasing demand for the desert among consumers is expected to increase the demand for the market. The increase in popularity of various packages of foods such as ready-to-cook foods, ready-to-eat meals, sauces, and soups are expected to assist the market through the forecast period. Also, the rise in demand for sweet products further increases the demand for the market. The extensive demand for confectionery, specifically in developing markets such as the middle east and Asia pacific expected to support the market. Several verities of confectionaries are becoming popular among children and millennials in countries like China, India, and Indonesia. The premium confectioneries are used for gifting purposes in developed countries like Singapore, China, and japan. This led to an increase in demand for sweet confectioneries.

 

The rise in focus of manufacturers to produce new strategies to change consumer behaviour towards buying artificial sweeteners and developing new products such as candies, and chocolates to attract the consumer base driving the market through the forecast period. However, increasing knowledge about the bad effects of consuming sugar is expected to impact the market through the forecast period. It is estimated that about 450 Mn people were detected with diabetes in recent years. And it is expected to rise further by about 650 Mn during the forecast period. Thus, people are interested in zero-sugar products, which is expected to hinder the market growth through the forecast period. Also, an increase in the number of diabetic people, and people suffering from cardiovascular diseases is expected to hamper the market through the forecast period. An increase in the availability of sugar replacements and alternatives such as stevia, honey, and jaggery which are healthier than sugar is expected to decline the market.

 

Industrial Sugar Market Segment Analysis:

By Type, the Industrial Sugar Market is segmented into white sugar, Brown sugar, and Liquide sugar. White sugar is expected to dominate the market, as it is a widely used sugar processed from cane sugar and it is the primary crop used for the production of sugar. Cane sugar is produced in tropical regions such as Asia, South America, and Africa. Sugar cane production is expected to increase through the forecast period. Thus, fueling the demand for the Industrial Sugar Market through the forecast period.

 

 

By Basic Form, The Industrial sugar market is segmented into powder, granules and syrup. The granules segment is dominate the market and it is expected to increase at the highest CAGR through the forecast period. As granules segment is widely used in various countries and regions. Thus, it holds the largest market share in recent years. As granules type of sugar is used as a preservative for various end user applications through the forecast period.

 

Industrial Sugar Market Regional Insights:

Based on regional analysis Asia pacific region holds the largest market share. And it is expected to grow through the forecast period. The market is experiencing growth due to an increase in demand for sugar-related products such as soft drinks, confectionaries, and sugar-reach products majorly in urban areas. India and China followed by Indonesia regions witnessing huge growth in the market due to an increase in population and higher purchasing power of consumers. In regions like North America, the demand for sugar-based products is decreasing due to awareness about a healthy lifestyle and increasing demand for sugar-based products. Brazil is the largest sugar producer. However, the demand is expected to increase gradually through the forecast period. 

 

Industrial Sugar Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Industrial Sugar Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global 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 Global 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 Global 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 Global 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 Global 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 Global Industrial Sugar Market. The report also analyses if the Global 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 Global Industrial Sugar Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Industrial Sugar Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Industrial Sugar Market is aided by legal factors.

 

Industrial Sugar Market Scope:

 

Industrial Sugar Market
Market Size in 2023	USD 45.05 Bn.
Market Size in 2030	USD 66.42 Bn.
CAGR (2024-2030)	5.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type White sugar Brown sugar Liquid sugar
	By Basic Form Granulated Powdered Syrup
	By Application Dairy Bakery Confectionery Beverage Canned & frozen foods Pharmaceuticals Other food items
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Industrial Sugar Market Key Players:  

• Sudzucker Group (Germany)
• British Sugar (UK)
• Tereos (France)
• Cargill (US)
• Rogers Sugar Inc (Canada)
• Michigan Sugar (US)
• Imperial Sugar Company (US)
• Guangxi Guitang Group Co., Ltd (China)
• Rizhao Lingyunhai Sugar Group (China)
• Guangxi Fengtang Biochemistry Co., Ltd. (China)
• Guangxi Funan East Asia Sugar Co., Ltd (China)
• Bannari Amman Sugars Limited (India)
• Rajshree Sugars (India)
• Rana Sugars (India)
• Shree Renuka Sugars (India)
• Upper Ganges Sugar & Industries (India)
• Bajaj Hindustan Limited (India)
• Guangxi Guitang Group Co., Ltd (US)