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Global Raw Beetroot Sugar Market Analysis highlighting Opportunities and Development Status during 2017-2022|| Key players are Shree Renuka Sugars Limited, Wilmar International Limited, Suedzucker AG, Cosan SA Industria and Commercio, Tereos international
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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.
Consumption in Food Industry to Drive Raw Beetroot Sugar Market Growth
Known as a powerful antioxidant, consumption of raw beetroot sugar is high among food manufacturers. Raw beetroot sugar market growth is attributed to rich properties of vitamins, iron and calcium,which in turn has led consumption of raw beet root sugar 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. This will further drive the raw beetroot sugar market in the near future.
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 beetroot sugar market positively throughout 2022.
Considerable Demand in Cosmetic Industry to Uphold Growth of Raw Beetroot Sugar market
Apart from food industry, application of raw beetroot sugar in cosmetics will uphold growth of the raw beetroot sugar market. Attributed to rich vitamin C properties, cosmetic manufacturers use beetroots sugar in sugar scrubs, which helps in reducing acnes and blemishes on the skin. Moreover, raw beetroot sugar market growth is also driven by application of the extract in facial masks and soaps, as it helps in reducing acnes and blemishes on the skin. Further, the raw beetroot sugar market is expected to witness considerable growth, driven by adoption by cosmetic manufacturers for production of lip gloss, blushes, and hair color products. Bound to such factors,expansion of the raw beetroot sugar market will be significantly driven by the cosmetic industry.
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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 most remunerative region for expansion of the raw beetroot sugar market.
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 raw beetroot sugar 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.
Competition Tracking
Key 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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