What’s the Current Growth Status of the Global Sugar Beet Juice Extract Market, and what are the Forecasts?
The sugar beet juice extract market size has grown robustly in recent years. It will expand from $5.42 billion in 2024 to $5.82 billion in 2025, achieving a compound annual growth rate (CAGR) of 7.3%. The growth can primarily be attributed to the food and beverage industry’s traditional use, the availability and cultivation of sugar beets, and a surge in demand for natural sweeteners.
The sugar beet juice extract market size is set to see robust growth. It is expected to reach $7.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising consumer preference for clean label ingredients, increasing awareness of health benefits, and growing adoption of plant-based and natural ingredients.
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What Factors are Driving the Sugar Beet Juice Extract Market Growth?
The increasing demand for sugarcane substitutes is stimulating the growth of the sugar beet juice extract market. As sugarcane cultivation requires a large amount of water irrigation, alternatives like sugar beet, which demand less water for cultivation, are gaining focus. The growing demand for these substitutes will be a crucial driver for the sugar beet juice extract market.
What Are The Key Segments of the Global Sugar Beet Juice Extract Market?
1) By Product Type: Organic, Conventional
2) By Application: Food and Beverages, Animal Feed, Bio Fuels, Cosmetic and Personal Care, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online
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Which Key Players Are Influencing the Sugar Beet Juice Extract Market?
Major companies operating in the sugar beet juice extract market comprise BMA AG, Agrana Zucker GmbH, Nippon Beet Sugar Manufacturing Co. Ltd., NutriScience Innovations LLC, Amalgamated Sugar Company LLC, Nordzucker AG, CropEnergies AG, Southern Minnesota Beet Sugar Cooperative, Südzucker Polska S.A., British Sugar plc, and more.
What Are The Emerging Trends in the Sugar Beet Juice Extract Market?
New product launches are a key trend in the sugar beet juice extract market. For example, in June 2023, Beneo Ingredients Company launched Beneo-scL85, a plant-based functional ingredient improving the texture, stability, and nutritional quality of food products.
Which Region Leads The Sugar Beet Juice Extract Market, and Which has the Fastest Growth Rate?
North America was the largest region in the sugar beet juice extract market in 2024. While Asia-Pacific is expected to be the fastest-growing region, the report comprehensively covers all regions, including Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Sugar Beet Juice Extract Market Report 2025 Offer?
The sugar beet juice extract is the juice extracted from the root of the sugar beet, a plant with high sucrose concentrations in its roots. The Sugar Beet Juice Extract Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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