Sustainable Growth Opportunities in the Industrial Sugar Market

The report "Industrial Sugar Market by Type (White, Brown & Liquid), Form (Granulated, Powdered & Syrup), Application (Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Other Food Items & Pharmaceuticals), Source (Cane Sugar, Beet Suger), and Region - Global Forecast to 2022", The market for industrial sugar is projected to reach USD 52.91 Billion by 2022, growing at a CAGR of 6.01% from 2016 to 2022. It is driven by factors such as rise in average international prices and importance of international trade, value addition of products from sugar cane by focusing on emerging by-products through integrated sugar complexes, expanding sugar crop production, growth in the industrial beet sugar market, consumption of packed food & beverage items, and the usage of sugar in healthy products such as low-calorie bakery and confectionery products.

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On the basis of type, white sugar is the largest and fastest growing market as it is the most common type of industrial sugar used globally. Factors such as growing demand for confectionery products, growing retail market and expansion of product portfolio are driving the demand for industrial sugar globally. Changing consumer preferences about different products has led to an upsurge in the consumption of different food and beverage products globally.

On the basis of source, cane sugar is projected to grow at a significant rate during the forecast period. Sugar cane production is higher than sugar beet production, globally, as all the major developing countries are involved in the manufacturing of cane sugar.

On the basis of application, the industrial sugar market is segmented into industries such as dairy, bakery, confectionery, beverage, canned & frozen foods, and other food items. Confectionery is the largest and fastest growing segment during the forecast period due to its use in a wide variety of applications and consumption of confectionery products such as marmalade, chewing gum, sweets, candied nuts, chocolates, and chewing gum. The growing population and technological advancements in developing economies are expected to contribute extensively towards the growth of the global market.

On the basis of form, the granulated form is the most extensive type of industrial sugar used globally. This crystallized form of sugar is also used as a preservative for different end-use applications such as candied fruits, jams, and marmalades; thereby, increasing its functionality and driving its consumption.

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During the forecast period, Asia-Pacific is expected to grow at the highest rate. The growth in food consumption has been propelled by rapid urbanization and increased disposable incomes accompanied by a significant structural and dietary shift from staples to packed food items in the developing economies.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Cargill Incorporated (U.S.), Archer Daniels Midland (U.S.), Raizen SA (Brazil), Sudzucker AG (Germany), and Tereos (France).

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