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

North America Industrial Sugar Market Definition:

Sugar is one of the most widely used commodities in the world. And it is one of the important commodities produced and consumed around the world. About 70% of the sugar produced is consumed in domestic markets and 30% of the remaining is exported to foreign countries. Industrial sugar consists of confectionery, pharmaceutical and bakery products.

 

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 North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

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North America Industrial Sugar Market Dynamics:

Industrial sugar is majorly traded in international markets. There is various type of industrial sugars that come from several different sources. Table or granule sugar is one of the majorly used forms of sugar in various types of industries. Industrial sugar beet is also the form of sugar which is cultivated at an adequate temperature and requires the fertility of the soil. These types of new sugars are expected to drive the market through the forecast period.

 

The increase in demand for industrial sugar is due to average international prices and the growing demand for sugar products in North American Countries as well as the importance of international trade in various countries. Also, industrial sugar is used for various products for the addition of values and resulted in the emergence of new products by integrating sugar complexities. One of the core reasons for driving the market is an increase in the production of sugar canes and growth in sugar beet cultivation. The increase in consumption of bakery products due to the increasing purchasing power of consumers is driving the market. These are the factors that are driving the North America Industrial Sugar Market through the forecast period. The rise in production of alternate sweeteners, which are the replacement for Industrial Sugar is decreasing the market growth. Water-consuming monoculture is one of the restrains for the market as it requires a large amount of space and water. Also, the production of these types of sugars led to the destruction of rainforests and mangroves resulting in reduction in polyculture areas. These factors are expected to hinder the market through the forecast period.

 

The favourable government regulations and increase in demand for import and export businesses fuelled the demand for the North American Industrial Sugar Market. The evolution in the cultivation of sugar crops and governmental promotions for agricultural developments resulted in high-yield sugar cane crops fuelling the demand for the market through the forecast period. The excellent growth in the food industry and the emergence of new and innovative sugar-based food products are driving the market. The Canadian sugar production is about 1.3 Mn tones annually. And Canada is the second largest industry in manufacturing. One of the major factors that drive the market is that Canadian sugar prices are the lowest in the world as they are not dependent on government subsidies. Also, The sugar industry in Canada is based on free trade agreements. These factors are increasing the growth of the market through the forecast period.

 

North America Industrial Sugar Market Segment Analysis:

By Type, The North America Industrial Sugar Market is classified into White sugar, Brown Sugar, and Liquide Sugar. White sugar is expected to dominate the market and it is expected to grow through the forecast period. However, Due to an increase in awareness about the healthy lifestyle of consumers and increased interest in buying low sugar products the demand for Brown Sugar is expected to grow significantly through the forecast period. As well as an increase in demand for bakery products and confectionary products fuelling the demand for white sugar in the market. Moreover, Fine granules in the white sugar are easy to use and preserve and are perfect for cooking and baking. The liquid is majorly used to add colours and taste to bakery products. These also help food from drying out. 

 

 

By Basic Form, The North America Industrial Sugar Market is classified into Granules, Powder and Syrup. The granules form is expected to dominate the market through the forecast period. As these granule forms are widely used in the market as well as white sugar is mainly in the form of granules. Granulated sugar is mostly used for household purposes.

 

North America Industrial Sugar Market Regional Insights:

On the basis of regional analysis, The US region is expected to dominate the market through the forecast period. As the presence various key players in the region expected to support the market growth through the forecast period. Canada region is also growing significantly through the forecast period. Moreover, North America is the largest consumer of sugar-based products. Which is expected to support the growth of the market.  

 

North America Industrial Sugar Market Key Players Insights:

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

 

North America Industrial Sugar Market Scope:

North America Industrial Sugar Market
Market Size in 2023	USD 15.34 Bn.
Market Size in 2030	USD 23.07 Bn.
CAGR (2024-2030)	6%
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
	By Application Dairy Bakery Confectionery
Country Scope	United States Canada Mexico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America Industrial Sugar Market Key Players:   

• Cargill Incorporated
• 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