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 Refined Beet Market- Liquid Sugars remains the Top-Selling Product among All || Keyplayers: Tereos international limited, Cosan SA Industria and Commercio, Suedzucker AG, Wilmar International Limited, and Shree Renuka Sugars Limited.

02-05-2019 12:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

 Refined Beet Market- Liquid Sugars remains the Top-Selling

 According to a recent report published by Fact.MR, the global market for refined beet will witness a steadfast expansion during the forecast period, 2017-2022. By registering a steady CAGR, the global refined beet market is projected to bring in more than US$ 14 Bn in revenues by the end of 2022. Following projections offer an outlook on future prospects of global refined beet market.  

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https://www.factmr.com/report/167/refined-beet-market

High quality sugars procured from beetroots are continually transforming sugar industries across the globe. In the view of rising demand for refined sugars, owners of sugar factories are shifting their focus from sugarcanes to sugar beets in terms of sourcing refined sugar. In addition to this, artificial sweeteners are finding applications across various verticals in the food & beverage industry. These sweeteners can be feasibly manufactured from refined beet, which is turning into a key driver for growth of the global refined beet market.

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Over Two-Fifth of Refined Beet Sugars used in Food Processing

Considering the volumes of refined beet sugars used by multiple industries, food & beverage industry will continue to dominate the global market. In 2017, a little over 40% of global refined beet market will be consumed in food processing applications. The report also projects that during the forecast period, retail sales of refined beet sugar products will also witness a considerable traction, procuring more than one-fourth share on global market revenues.

Competition Tracking

Key manufacturers of refined beet sugars, profiled in this report, include Louis Dreyfus Company, American Crystal Sugar Company, Nordzucker Gmbh & Co KG, Associated British Foods Plc., Tereos international limited, Cosan SA Industria and Commercio, Suedzucker AG, Wilmar International Limited, and Shree Renuka Sugars Limited.

 

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Food processing is poised to remain the largest and most attractive end-use of refined beet sugars in the global market. By 2022, more than US$ 6 Bn worth of refined beet sugars will be consumed in food processing applications across the globe, particularly for their effective role in production of artificial sweeteners.

During the forecast period, the retail end-use of refined beet sugars is expected to gain traction. In 2017 and beyond, more than one-fourth share of global revenues procured in the global market will arise from the use of refined beet in retailers segment. The demand for refined beet sugars in industrial uses will also gain traction.

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Through 2022, the Asia-Pacific excluding Japan (APEJ) region will be the largest market for refined beet. Procuring highest share on global revenues, the APEJ refined beet market is poised to reflect a steady growth at 5.2% CAGR.

North America and Europe will also be at the forefront of global expansion of refined beet market. By the end of 2022, these two regions will collectively contribute nearly US$ 2.2 Bn in revenues to the global refined beet market.

 

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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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