Industrial Sugar Market Size, Share, Growth & Trends | 2031
Industrial Sugar Market Size, Share, Growth & Trends | 2031
Segments - Industrial Sugar Market by Source (Sugar Beet and Sugarcane), Type (Brown Sugar, White Sugar, and Liquid Sugar), End-user (Confectionary, Beverages, Bakery Products, Dairy Products, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-5785
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Report Description
Industrial Sugar Market Outlook 2031
The global industrial sugar market size was valued at USD 38.59 Billion in 2022 and is likely to reach USD 49.18 Billion by 2031, expanding at a CAGR of 2.73% during 2023–2031. The market is driven by the global surge in demand for sugar.
Rising dietary trends, such as snacking and fast-food consumption, are anticipated to drive the market during the assessment period. The high demand for bakery and confectionary products is influencing the use of industrial sugar. The food and beverage industry, one of the primary users of sugar, is expanding at a rapid pace, owing to the massive sales of soft drinks, confectionery, and processed food.
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In August 2022, Raizen, the massive exporter of sugar in the world, entered into a partnership with the ASR group, the world’s huge marketer and refiner of cane sugar, for 10 years. This partnership is expected to create the first physically traceable and completely non-genetically modified supply chain in the world.
The expanding population in developing economies is increasing the demand for food products. Rapid urbanization in the developing region leads to a change in the dietary habits. Furthermore, the growing inclination toward sugar-based processed foods has been noticed in the recent years. These factors are likely to contribute to spurring the industrial sugar market.
The COVID-19 pandemic hindered the market, owing to the imposition of lockdowns by various governments across the globe. The manufacturing activities stopped during the pandemic, due to the absence of workers in the factories.
The import and export activities were restrained, which disrupted the supply chain network and led to a market slowdown. However, the market is likely to boost rapidly in the coming years, as things are now getting better.
Impact of Artificial Intelligence (AI) on Industrial Sugar Market
The use of artificial intelligence is expected to provide substantial propulsion to the industrial sugar market. The integration of machine learning with artificial intelligence in the manufacturing process aids in reducing input and processing costs while enhancing and maintaining the quality of sugar produced. AI has the ability to optimize the supply chain, which leads to boosting the sales and availability of sugar and sugar-based items.
Industrial Sugar Market Dynamics
Major Drivers
Growing utilization of processed food and beverages is expected to drive the market during the projection period. Sugar is a vital ingredient across the food processing industry, owing to its wide range of applications. It is extensively used in all packaged non-alcoholic and alcoholic beverages.
Thus, the adoption of modern lifestyles and changing snacking habits are projected to fuel the industrial sugar market. Furthermore, rising sugar production across the globe is projected to drive the market in the coming years.
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According to a survey report published in June 2023, the yearly sugar production across the globe is around 180 million metric tons. Countries such as Brazil, India, and the US are among the top producers of sugar in the world.
Existing Restraints
High awareness about the harms of sugar among consumers is likely to hamper the market during the forecast period. The adoption of modern lifestyles with rapid urbanization has led to a rise in the consumption of processed food and sugar-based products.
However, excessive consumption and dependence on sugar lead to a surge in the prevalence of chronic ailments, such as diabetes and high blood pressure. This, in turn, encouraged people to avoid sugar in their diets and potentially restrain the market.
Emerging Opportunities
Increasing demand for organic sugar is anticipated to provide substantial growth opportunities for the key players competing in the market. A rising inclination toward healthy food options has been registered in recent years.
People are reducing their intake of chemical-based sugar, which leads to a significant surge in the demand for healthy raw sugar varieties, such as brown sugar, jaggery, and organic sugar. Consequently, sugar manufacturers have started focusing on the production of such variants, as these sugars have a comparatively low glycemic index, thereby impelling the market in the coming years.
Scope of Industrial Sugar Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Industrial Sugar Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Source (Sugar Beet and Sugarcane), Type (Brown Sugar, White Sugar, and Liquid Sugar), and End-user (Confectionary, Beverages, Bakery Products, Dairy Products, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
TEREOS; Südzucker AG; Mitr Phol Group; Louis Dreyfus Holding B.V.; Lantic Inc; Imperial Sugar; Cosan; Cargill, Incorporated; Associated British Foods plc; Al Khaleej; and American Crystal Sugar. |
Industrial Sugar Market Segment Insights
Source Segment Analysis
Based on source, the industrial sugar market is bifurcated into sugar beet and sugarcane. The sugarcane segment is projected to hold the major share of the market during the projection period, due to its high sugar content, which makes it an efficient and cost-effective source of sugar production.
In addition, it is considered a renewable source, as cane sugar crops are harvested year after year, ensuring a consistent supply of raw materials for the sugar industry. Sugar derived from this crop is used in a wide range of products, from food and beverage to pharmaceuticals, which makes it a versatile commodity. These factors are anticipated to propel the sugarcane segment during the forecast period.
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According to the revised data published by the Agricultural Marketing Resource Center in April 2022, sugarcane harvested in the US in 2020 was evaluated at USD 1,403 million. The total area for this crop was 903,400 acres and the yield was 38 tons per acre.
Type Segment Analysis
On the basis of type, the global market is segregated into brown sugar, white sugar, and liquid sugar. The white sugar segment is projected to register a considerable CAGR in the coming years, owing to its purity and consistency.
White sugar is very refined, which makes it suitable for a wide range of industrial applications. It has a long shelf life and is neutral in color and flavor. This allows for its use in various food products without impacting their taste and appearance. Moreover, it has excellent solubility, which leads to its uniform spread without forming any lumps. These factors are projected to fuel the segment.
End-user Segment Analysis
On the basis of end-user, the industrial sugar market is segmented into confectionary, beverages, bakery products, dairy products, and others. The confectionery segment is anticipated to register a robust growth rate during the forecast period, due to the rising adoption of sugar in chocolates, sweets, and candies.
Sugar is one of the primary ingredients in several confectionary items and is used in various forms, such as syrups and fondants. The beverages segment is projected to expand at a high CAGR, due to the availability of a wide range of beverages that are in high demand, including soft drinks, alcoholic drinks, fruit juices, and energy drinks.
Sugar enhances the flavor of these beverages and makes them palatable and enjoyable. These products are highly sought after on various celebrations and day-to-day occasions, which are expected to fuel the segment.
Regional Outlook
In terms of region, the global industrial sugar market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to factors such as the adoption of a modern lifestyle with urbanization and increasing per capita income. Increasing demand for confectionery products and soft drinks in several countries in this region is contributing to the market growth.
The market in North America is anticipated to grow rapidly, owing to the propagation of consumer culture and sugar-enriched breakfast cereals in this region. Rising demand for organic sugar, as people are becoming increasingly aware of the harmful effects of chemical-based white sugar, is further likely to boost the market in the region.
Segments
The industrial sugar market has been segmented on the basis of
Source
- Sugar Beet
- Sugarcane
Type
- Brown Sugar
- White Sugar
- Liquid Sugar
End-user
- Confectionary
- Beverages
- Bakery Products
- Dairy Products
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- TEREOS
- Südzucker AG
- Mitr Phol Group
- Louis Dreyfus Holding B.V.
- Lantic Inc
- Imperial Sugar
- Cosan
- Cargill, Incorporated
- Associated British Foods plc
- Al Khaleej
- American Crystal Sugar
Competitive Landscape
Key players competing in the global industrial sugar market are TEREOS; Südzucker AG; Mitr Phol Group; Louis Dreyfus Holding B.V.; Lantic Inc; Imperial Sugar; Cosan; Cargill, Incorporated; Associated British Foods plc; Al Khaleej; and American Crystal Sugar.
These companies adopt development strategies such as acquisitions, mergers, partnerships, product launches, collaboration, and production expansion to increase market share. These key players overcome obstacles such as price fluctuation of raw materials & competition from emerging brands to maintain their relevance. For instance,
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In July 2021, Al Khaleej, the global giant of sugar manufacturing, announced a plan to set up a new sugar factory in Merida, Spain. This allows the company to expand its sugar beet processing industry. The factory began production in 2022 and has an annual production capacity of approximately 900,000 tons of sugar.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Sugar Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Sugar Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Sugar Market - Supply Chain
4.5. Global Industrial Sugar Market Forecast
4.5.1. Industrial Sugar Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Sugar Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Industrial Sugar Market Absolute $ Opportunity
5. Global Industrial Sugar Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Industrial Sugar Market Size and Volume Forecast by Types
5.3.1. Brown Sugar
5.3.2. White Sugar
5.3.3. Liquid Sugar
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Industrial Sugar Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Industrial Sugar Market Size and Volume Forecast by End Users
6.3.1. Confectionary
6.3.2. Beverages
6.3.3. Bakery Products
6.3.4. Dairy Products
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Industrial Sugar Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Industrial Sugar Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Industrial Sugar Demand Share Forecast, 2019-2026
8. North America Industrial Sugar Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Industrial Sugar Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Industrial Sugar Market Size and Volume Forecast by Types
8.4.1. Brown Sugar
8.4.2. White Sugar
8.4.3. Liquid Sugar
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Industrial Sugar Market Size and Volume Forecast by End Users
8.7.1. Confectionary
8.7.2. Beverages
8.7.3. Bakery Products
8.7.4. Dairy Products
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Industrial Sugar Demand Share Forecast, 2019-2026
9. Latin America Industrial Sugar Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Industrial Sugar Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Industrial Sugar Market Size and Volume Forecast by Types
9.4.1. Brown Sugar
9.4.2. White Sugar
9.4.3. Liquid Sugar
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Industrial Sugar Market Size and Volume Forecast by End Users
9.7.1. Confectionary
9.7.2. Beverages
9.7.3. Bakery Products
9.7.4. Dairy Products
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Industrial Sugar Demand Share Forecast, 2019-2026
10. Europe Industrial Sugar Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Industrial Sugar Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Industrial Sugar Market Size and Volume Forecast by Types
10.4.1. Brown Sugar
10.4.2. White Sugar
10.4.3. Liquid Sugar
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Industrial Sugar Market Size and Volume Forecast by End Users
10.7.1. Confectionary
10.7.2. Beverages
10.7.3. Bakery Products
10.7.4. Dairy Products
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Industrial Sugar Demand Share Forecast, 2019-2026
11. Asia Pacific Industrial Sugar Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Industrial Sugar Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Industrial Sugar Market Size and Volume Forecast by Types
11.4.1. Brown Sugar
11.4.2. White Sugar
11.4.3. Liquid Sugar
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Industrial Sugar Market Size and Volume Forecast by End Users
11.7.1. Confectionary
11.7.2. Beverages
11.7.3. Bakery Products
11.7.4. Dairy Products
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Industrial Sugar Demand Share Forecast, 2019-2026
12. Middle East & Africa Industrial Sugar Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Industrial Sugar Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Industrial Sugar Market Size and Volume Forecast by Types
12.4.1. Brown Sugar
12.4.2. White Sugar
12.4.3. Liquid Sugar
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Industrial Sugar Market Size and Volume Forecast by End Users
12.7.1. Confectionary
12.7.2. Beverages
12.7.3. Bakery Products
12.7.4. Dairy Products
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Industrial Sugar Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Industrial Sugar Market: Market Share Analysis
13.2. Industrial Sugar Distributors and Customers
13.3. Industrial Sugar Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. TEREOS
13.4.2. Südzucker AG
13.4.3. Mitr Phol Group
13.4.4. Louis Dreyfus Holding B.V.
13.4.5. Lantic Inc
13.4.6. Imperial Sugar
13.4.7. Cosan
13.4.8. Cargill, Incorporated
13.4.9. Associated British Foods plc
13.4.10. Al Khaleej
13.4.11. American Crystal Sugar
Methodology
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