Press release
Industrial Sugar Market, By Type (White Sugar, Liquid Sugar, Brown Sugar, and Icing Sugar),Grow at a CAGR of 3.4%
Industrial sugar, additionally referred to as bulk sugar or commercial sugar, is used in a variety of sectors and holds a significant market share. This highly refined sugar is mainly utilized for industrial purposes rather than direct consumption. Its versatile properties and wide range of applications make it an essential ingredient in a variety of industries, fueling a thriving industrial sugar market.View detailed Report: https://www.databridgemarketresearch.com/reports/global-industrial-sugar-market
The food and beverage industry is a key application for industrial sugar. It is an essential ingredient in the manufacture of processed foods, confectioneries, beverages, and bakery goods. Industrial sugar's sweetness, texture, and preservative properties improve the taste and overall quality of these products, making them indispensable to manufacturers. Its ability to function as a bulking agent, stabilizer, and flavor enhancer also contributes to its widespread use in the food industry.
The global industrial sugar market is being driven by the increasing use of industrial sugar in drinks around the globe, along with the expansion of the food processing industry. In addition, rapid growth in the confectionary sector is likely to fuel the market's growth. Additionally, the increasing adoption use of bio-fuel for the production of sugar will open up more business potential for the industrial sugar market in the forecast period 2023-2030.
Data Bridge Market Research analyses that the global industrial sugar market is expected to reach the value of USD 58,176.89 million by 2030, at a CAGR of 3.4% during the forecast period.
Key Players Analysis:
Some of the major players operating in the global industrial sugar market are Südzucker AG, Associated British Foods, Michigan Sugar Company, Amalgamated Sugar., RANA GROUP, Rajshree Sugars & Chemicals Limited (RSCL), Shree Renuka Sugars Ltd, Upper Ganges Sugar & Industries Limited, Bajaj Hindusthan Sugar Ltd., Mitr Phol Sugar., Ragus Sugars Manufacturing Ltd., Lantic Inc., Nile Sugar, AMERICAN CRYSTAL SUGAR, and Balrampur Chini Mills Limited among others.
Global Industrial Sugar Market Scope
The global industrial sugar market is segmented into six notable segments based on type, source, form, packaging type, application and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
White Sugar
Liquid Sugar
Brown Sugar
Icing Sugar
On the basis of type, the market is segmented into white sugar, liquid sugar, brown sugar, and icing sugar.
Source
Cane
Beet
On the basis of source, the market is segmented into cane and beet.
Form
Granulated
Syrup
Powdered
On the basis of form, the market is segmented into granulated, syrup, and powdered.
Packaging Type
Sacks
Bag
Box
Tote bags
Others
On the basis of packaging type, the market is segmented into sacks, bag, box, tote bags, and others.
Application
Food & Beverages
Pharmaceutical
Dietary Supplements
Others
On the basis of application, the global industrial sugar market is segmented into food & beverages, pharmaceutical, dietary supplements, and others.
Distribution Channel
Direct
Indirect
On the basis of distribution channel, the global industrial sugar market is segmented into direct and indirect.
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