Global Fortified Sugar Market Development Outlook and Forecast Predictions till 2026

An extensive forecast study, titled “Global Market Study on Fortified Sugars: Drying to Represent Predominant Sugar Fortification Technology during 2017 - 2026” has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 170-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn). Moreover, the research also investigates market expansion in some of the prime regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA).

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Food technology has advanced in leaps and bounds, propelling the fortification of key food constituents such as sugars with essential nutrients like minerals and vitamins. Since its inception in the mid-1970s, fortification of sugars has gained grounds across the global food industry. Effective production techniques are being employed by companies to increase profit margins associated with fortification of sugars. Governments are enacting legislations and promoting the market exposure of such sugars by implementing sugar-fortification programs among food industry leaders. In addition, the growing undernourishment of populations is further compelling regional governments to magnify the fortification of sugars with vitamins, minerals and other micronutrients.

Persistence Market Research’s latest forecast report on the global fortified sugars market assesses that more than US$ 9.6 Bn worth of fortified sugars will be sold globally by the end of forecast period, 2017-2026. During this period, the global fortified sugars market is forecasted to expand at a steady CAGR of 5.1%. Companies partaking in the expansion of global fortified sugar market are focusing on adopting cost-effective fortification procedures and capitalizing on growing popularity of wellness trends among consumers.

High Demand for Vitamins in Sugar Fortifications to Drive Market Growth

Increasing deficiency of vitamin A registered across the globe has spurred the demand for sugars fortified with essential vitamins. Governments are encouraging their populations to extend the consumption of sugars fortified with vitamins to battle the rising malnourishment levels at microscopic levels. In 2017, more than US$ 2.7 Bn worth of sugars fortified with vitamins are estimated to be sold globally. The demand for vitamin as a key fortifying micronutrient is expected to witness steady traction, while minerals will register a high value CAGR in the global fortified sugar market during the forecast period. Through 2026, fortified sugars will be predominantly produced with drying technology. The report estimates that by the end of the forecast period, drying will emerge as a sought-after fortification technology, procuring a global market value share of approximately 48%.

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Modern Trade Sales of Fortified Sugars to Bring in US$ 2.9 Bn in Global Revenues by 2026-end

In 2017, nearly one-third of fortified sugar sales registered in the global market were accounted by modern trade outlets. The report projects that modern trade outlets will represent the largest sales channel for fortified sugars. However, through 2026, the sales of fortified sugars through online stores, convenience stores and departmental stores will register fastest traction, reflecting a value CAGRs of more than 6% correspondingly. Likewise, the report further projects that the commercial end-use of fortified sugars will bring in more than US$ 5.2 Bn by 2026-end.

Key Competitors

Leading producers of fortified sugars have been profiled in the report, which include General Mills, Inc., Bühler AG, Bunge Limited, Cargill Incorporated, BASF SE, DSM, Wilmar International Ltd., Tereos, Sudzucker AG, Associated British Foods, Cosan, Nordzucker AG, and Mitr Phol Sugar Corporation. Ltd. Majority of these players are pegged to expand their production facilities in the Asia-Pacific excluding Japan (APEJ) region. APEJ countries such as China and India are prominently observed as lucrative marketplaces for fortification of sugars. Easy procurement of raw materials, vast consumer base and favorable industrial regulations will continue to draw these players towards the APEJ fortified sugar market in the foreseeable future.

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This release was published on openPR.