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Sugar Beet Juice Extract Market Report 2023-2032: Market Size, Demand, Growth, Trends And Analysis | BMA AG, Agrana Zucker GmbH, Nippon Beet Sugar Manufacturing Co. Ltd., NutriScience Innovations LLC, Amalgamated Sugar Company
Sugar Beet Juice Extract Market
The Business Research Company's Sugar Beet Juice Extract Global Market Report 2023 identifies growing demand for sugarcane substitutes as the major driver for the Sugar Beet Juice Extract market's growth in the forecast period. Since cultivation of sugarcane requires heavy water irrigation, alternatives such as sugar beet are being focused on that do not require as much water for cultivation.
The global sugar beet juice extract market size grew from $4.73 billion in 2022 to $5.05 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 sugar beet juice extract market size is expected to grow to $6.59 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the Sugar Beet Juice Extract market are BMA AG, Agrana Zucker GmbH, Nippon Beet Sugar Manufacturing Co. Ltd., NutriScience Innovations LLC, Amalgamated Sugar Company, Nordzucker AG.
A key trend in the Sugar Beet Juice Extract market includes New product launches. For instance, in 2021, Just Juice It, an Ireland-based food company, launched a new line of cold-pressed organic juice shots, which includes a beet juice shot. The beet juice extract is targeted towards sports nutrition applications due to the benefits of beet juice in increasing endurance.
Read More On The Global Sugar Beet Juice Extract Market Report Here:
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The Sugar Beet Juice Extract market is segmented -
1. By Product Type: Organic, Conventional
2. By Application: Food and Beverages, Animal Feed, Bio Fuels, Cosmetic and Personal Care, Other Applications
3. By Distribution Channel: Supermarkets/Hypermarkets, Convenienve Stores, Online
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sugar Beet Juice Extract market.
The Business Research Company's "Global Sugar Beet Juice Extract Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sugar Beet Juice Extract Market Include:
1. Executive Summary
2. Sugar Beet Juice Extract market Characteristics
3. Sugar Beet Juice Extract market Trends And Strategies
4. Sugar Beet Juice Extract Market - Macro Economic Scenario
5. Sugar Beet Juice Extract market Size And Growth
……
26. Africa Sugar Beet Juice Extract market
27. Sugar Beet Juice Extract market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sugar Beet Juice Extract market
29. Sugar Beet Juice Extract market Future Outlook and Potential Analysis
30. Appendix
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