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Industrial Sugar Market Scope 2023: Growth Rate, Size And Forecast To 2032 | Cargill Incorporated, Tereos, Nordzucker AG, EID Parry, Südzucker AG
Industrial Sugar Market
Industrial Sugar Market Size, Growth Rate, And Forecast
The global industrial sugar market is expected to grow from $43.35 billion in 2022 to $45.53 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial sugar market is expected to grow to $57.17 billion in 2027 at a CAGR of 5.9%.
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Industrial Sugar Market Drivers
The rise in confectionery products like dairy items is expected to propel the industrial sugar market going forward. Dairy items refer to products primarily made with or containing milk from mammals such as cows. The growth of the worldwide industrial sugar market can be attributed to the increased usage of confectionery in the production of a wide range of beverages and confectionary goods, including cakes, milkshakes, croissants, and hot sugar.
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Industrial Sugar Market Segments
• By Type: White Sugar, Brown Sugar, Liquid Sugar
• By Source: Cane, Beet
• By Form: Granulated, Powder, Syrup
• By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Sugar market.
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Industrial Sugar Market Key Players
Major competitors in the industrial sugar market include Cargill Incorporated, Tereos, Nordzucker AG, EID Parry, Südzucker AG, Louis Dreyfus Company B.V., British Sugar PLC., Shree Renuka Sugars Ltd.
The Business Research Company's "Global Industrial Sugar Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Sugar Market Include:
1. Executive Summary
2. Industrial Sugar Market Characteristics
3. Industrial Sugar Market Trends And Strategies
4. Industrial Sugar Market - Macro Economic Scenario
5. Industrial Sugar Market Size And Growth
……
26. Africa Industrial Sugar Market
27. Industrial Sugar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Sugar Market
29. Industrial Sugar Market Future Outlook and Potential Analysis
30. Appendix
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