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Raw Beetroot Sugar Market Scenario Indicates Prime Trends & Growth Parameters, 2017-2022 || Key Players: American Crystal Sugar Company, Louis Dreyfus, and Nordzucker Gmbh & Co KG.
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Factors Fuelling Global Market Growth
As an alternate source of sugar, manufacturers use raw beetroot sugar in the food sector. Growing prevalence of diabetes has led to an increasing demand for beetroot sugar among the diabetic food manufacturers globally. Raw beetroot sugar is further expected to represent substantial demand among animal food manufacturers attributed to various healthy qualities globally. Such factors are likely to contribute towards the global market growth of raw beetroot sugar during the projected period.
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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.
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.
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Key players in the global market of raw beetroot sugar are Wilmar International Limited, Shree Renuka Sugars Limited, Cosan SA Industria and Commercio, Suedzucker AG, Associated British Foods Plc., Tereos international limited, American Crystal Sugar Company, Louis Dreyfus, and Nordzucker Gmbh & Co KG.
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