Categories: Market Research

Industrial Sugar Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

Overview and Scope

Industrial sugar is made from sugarcane molasses or sugar beets and goes through a number of process cycles, including extraction, cleaning, crystallization, and drying. Industrial sugar is used as a preservative to prevent the growth of microorganisms and the formation of large ice crystals in frozen products such as ice cream.

Sizing and Forecast

The industrial sugar market size has grown strongly in recent years. It will grow from $45.9 billion in 2023 to $48.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%.  The  growth in the historic period can be attributed to colonial expansion and plantation agriculture, industrial revolution and refining techniques, expansion of sugar beet cultivation, slavery and labor practices, market liberalization and trade policies..

The industrial sugar market size is expected to see strong growth in the next few years. It will grow to $61.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.  The growth in the forecast period can be attributed to environmental and sustainability concerns, increasing demand in pharmaceutical applications, expansion of food and beverage industry, rise in biofuel production, government policies and regulations.. Major trends in the forecast period include health and wellness trends, demand for natural and clean-label products, technological innovations in processing, rise in low-calorie sweeteners, diversification of sugar applications..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/industrial-sugar-global-market-report

Segmentation & Regional Insights

The industrial sugar market covered in this report is segmented –

1) By Type: White Sugar, Brown Sugar, Liquid Sugar

2) By Source: Cane, Beet

3) By Form: Granulated, Powder, Syrup

4) By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications

Asia-Pacific was the largest region in the industrial sugar market share in 2023. The regions covered in the industrial sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8921&type=smp

Major Driver Impacting Market Growth

The rise in demand for confectionery products such as dairy items is expected to propel the industrial sugar market going forward. Dairy items refer to products primarily made with or containing milk from mammals such as cows. The growth of the worldwide industrial sugar market can be attributed to the increased usage of confectionery in the production of a wide range of beverages and confectionary goods, including cakes, milkshakes, croissants, and hot sugar. For instance, in August 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government division, dairy exports are anticipated to grow by 2% in 2023–24, to 679 kilotonnes, an increase from 663 kilotonnes in 2022–23. Therefore, the rise in demand for confectionery products such as dairy items is driving the growth of the industrial sugar market.

Key Industry Players

Major companies operating in the industrial sugar market report are Cargill Incorporated, Tereos India Private Limited, Nordzucker AG, EID Parry Ltd., Südzucker AG, Louis Dreyfus Company B.V., British Sugar plc, Shree Renuka Sugars Ltd., Archer Daniels Midland Company, Raízen S.A., Tongaat Hulett Sugar Limited, Cosan SA Indústria e Comércio, Mitr Phol Sugar Corporation, Associated British Foods Plc, Wilmar International Limited, American Crystal Sugar Company, Lantic Inc., Michigan Sugar Company, Imperial Sugar Company, Guangxi Guitang Group Co. Ltd., Rizhao Lingyunhai Sugar Group, Bunge Limited, Thai Roong Ruang Group, Suem do Brasil Embalagens LTDA, China National Cereals Oils & Foodstuffs Corporation, Ingrain Systems Inc., Dhampur Sugar Mills Ltd., Balrampur Chini Mills Ltd., MSF Sugar Ltd., Danone SA

The industrial sugar market report table of contents includes:

  1. Executive Summary
  2. Industrial Sugar Market Characteristics
  3. Industrial Sugar Market Trends And Strategies
  4. Industrial Sugar Market – Macro Economic Scenario
  5. Global Industrial Sugar Market Size and Growth

.

.

.

  1. Global Industrial Sugar Market Competitive Benchmarking
  2. Global Industrial Sugar Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Industrial Sugar Market
  4. Industrial Sugar Market Future Outlook and Potential Analysis
  5. Appendix

Explore the trending research reports from TBRC:

Top 5 Major Key Players Are:

  • Cargill Incorporated
  • Tereos India Private Limited
  • Nordzucker AG
  • EID Parry Ltd
  • Südzucker AG

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Asset Reliability Software Market Growth Insights & Forecast 2024-2033

The asset reliability software global market report 2024 from The Business Research Company provides comprehensive…

1 hour ago

Aortic Endograft Market Insights, Size & Competitive Landscape 2024-2033

The aortic endograft global market report 2024 from The Business Research Company provides comprehensive market…

1 hour ago

Advanced Therapeutics Outsourcing Market Size & Key Insights 2024-2033

The advanced therapeutics pharmaceutical outsourcing global market report 2024 from The Business Research Company provides…

1 hour ago

Vertical Take-Off And Landing UAV Market Size & Trends 2024-2033

The vertical take-off and landing (vtol) uav global market report 2024 from The Business Research…

1 hour ago

Global Solar Cells Market Insights & Competitive Landscape 2024-2033

The solar cells global market report 2024 from The Business Research Company provides comprehensive market…

2 hours ago

Security Analytics Market Growth Opportunities & Key Players 2024-2033

The security analytics global market report 2024 from The Business Research Company provides comprehensive market…

2 hours ago