Press release
Industrial Sugar Market Outlook Report 2024-2033: Trends, Analysis, Insights, Overview
Industrial Sugar Market Outlook
As per the report, the industrial sugar market size has grown strongly in recent years. It will grow from $45.9 billion in 2023 to $48.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The industrial sugar market size is expected to see strong growth in the next few years. It will grow to $61.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Sweets And Dairy Delights The Impact Of Confectionery Products On The Growing Industrial Sugar Market
The rise in demand for confectionery products such as 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. For instance, in August 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government division, dairy exports are anticipated to grow by 2% in 2023-24, to 679 kilotonnes, an increase from 663 kilotonnes in 2022-23. Therefore, the rise in demand for confectionery products such as dairy items is driving the growth of the industrial sugar market.
Cargill's Breakthrough Eversweet + Clearflo Stevia Platform Sets Technological Trends In The Industrial Sugar Market
Technological innovations have emerged as a key trend gaining popularity in the industrial sugar market. Major companies operating in the industrial sugar market are focused on developing new innovative technologies to strengthen their position in the market. For instance, in March 2022, Cargill, a US-based food corporation and a producer of industrial sugar, introduced the EverSweet + ClearFlo Stevia Platform, a first-of-its-kind stevia-boosting technology. The unique feature of the platform is that it incorporates the company's top sweetener as well as other natural flavors. Due to Cargill's ClearFlo technology, EverSweet, a stevia-based sweetener, serves as a platform for other natural flavors. This mixture can improve flavor, solubility, formulation stability, and dissolution speed. The novel sweetening technique can also help reduce undesirable flavors that may be present in a formulation, such as bitter coffee flavors, earthy protein notes, or metallic tastes from potassium chloride.
The industrial sugar market covered in this report is segmented -
1) By Type: White Sugar, Brown Sugar, Liquid Sugar
2) By Source: Cane, Beet
3) By Form: Granulated, Powder, Syrup
4) By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications
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Major companies operating in the industrial sugar market report are Cargill Incorporated, Tereos India Private Limited, Nordzucker AG, EID Parry Ltd., Südzucker AG, Louis Dreyfus Company B.V., British Sugar plc, Shree Renuka Sugars Ltd., Archer Daniels Midland Company, Raízen S.A., Tongaat Hulett Sugar Limited, Cosan SA Indústria e Comércio, Mitr Phol Sugar Corporation, Associated British Foods Plc, Wilmar International Limited, American Crystal Sugar Company, Lantic Inc., Michigan Sugar Company, Imperial Sugar Company, Guangxi Guitang Group Co. Ltd., Rizhao Lingyunhai Sugar Group, Bunge Limited, Thai Roong Ruang Group, Suem do Brasil Embalagens LTDA, China National Cereals Oils & Foodstuffs Corporation, Ingrain Systems Inc., Dhampur Sugar Mills Ltd., Balrampur Chini Mills Ltd., MSF Sugar Ltd., Danone SA
Contents of the report:
1. Executive Summary
2. Industrial Sugar Market Report Structure
3. Industrial Sugar Market Trends And Strategies
4. Industrial Sugar Market - Macro Economic Scenario
5. Industrial Sugar Market Size And Growth
…..
27. Industrial Sugar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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