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Scope in Raw Beetroot Sugar Market: Trends, Price, Revenue, Share, Growth and Forecast Until 2022
Fact.MR
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Raw beetroot sugar is used as an alternative source of sugar in the food industry globally. Attributed to high vitamin C content, raw beet root sugar is also significantly used in cosmetic products such as sugar scrubs. Cosmetic manufacturers witness considerable demand for raw beetroot sugar as it helps in reducing acne and blemishes. According to a report published by Fact.MR, the global raw beet root sugar market is expected to represent a value of over US$ 5,000 Mn, and will register a moderate CAGR growth throughout 2022.
Livestock to Register Significant Growth
Organic sugar and brown (dark) sugar is projected to reflect an equivalent CAGR in the global market of raw beetroot sugar during the projected period. APEJ among other regions is projected to represent a major market for the raw beetroot sugar products globally. Brown (dark) sugar is projected to witness a relatively high growth in terms of revenue in the global market of raw beetroot sugar through 2022. This segment will represent more than US$ 1,000 Mn in the global market by 2022–end. Organic sugar product is projected to witness a significant growth in terms of revenue after brown (dark) sugar during the predicted period.
Food processor is expected to witness a relatively high growth in terms of revenue in the global market of raw beetroot sugar by 2017–end. This segment will represent a value of US$ 700 Mn in the global market of raw beetroot sugar by the end of 2017. Livestock feed among other end users is projected to reflect a relatively high CAGR in the global market of raw beetroot sugar during the projected period. In 2017, retailers is projected to witness a significant growth in terms of revenue in the global market of raw beetroot sugar after the food processor segment.
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Food Processors to Represent a Leading Segment
Brown (dark) sugar is expected to register the highest revenue growth in the global raw beetroot sugar market. This segment is expected to represent a value of over US$ 1,000 Mn by the end of 2022. Organic sugar is expected to reflect the second highest revenue growth in the global raw beetroot sugar market by 2022–end. These segments will register a parallel CAGR growth in the global raw beetroot sugar market throughout 2022. APEJ is expected to remain the largest market for raw beetroot sugar products globally.
Livestock feed is expected to register the highest CAGR growth as compared to other end users in the global raw beetroot sugar market throughout 2022. In terms of revenue, food processors is expected to register the highest growth in the global market by the end of 2017. This segment is expected to represent a value of over US$ 700 Mn by 2017–end. Retailers is expected to register the second highest revenue growth in the global raw beetroot sugar market in 2017.
Consumption in Food Industry
Known as a powerful antioxidant, consumption of raw beetroot sugar is high among food manufacturers. Attributed to rich properties of vitamins, iron and calcium, raw beet root sugar is increasingly used in confectionary, beverages and baked food products. The sugar pulps from beet roots also witness considerable demand among animal food manufacturers globally. Due to surge in demand for raw beetroot sugar in the food and beverages industry, various manufacturers prefer using biotechnologically enhanced procedures for producing premium quality beetroots in an environmentally sustainable and cost effective manner.
While beetroot is a major source for sugar production, it also witnesses a significant demand among diabetic food manufacturers. Beetroot has high sucrose content, however rate of converting into glucose on consumption is low. Due to such factors, manufacturers producing diabetic food products prefer using raw beetroot sugar. Surge in demand for raw beetroot sugar in the food and beverages industry is expected to impact growth of the global raw beet root sugar market positively throughout 2022.
Competition Tracking
Major market players operating in the global raw beet root sugar market include Shree Renuka Sugars Limited, Wilmar International Limited, Suedzucker AG, Cosan SA Industria and Commercio, Tereos international limited, Associated British Foods Plc., Nordzucker Gmbh & Co KG, American Crystal Sugar Company, and Louis Dreyfus.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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