Industrial Sugar Market to Reach $60.19 Billion by 2031 - Exclusive Report by Meticulous Research®

According to a new market research report titled, 'Industrial Sugar Market Size, Share, Forecast, & Trends Analysis by Type (White, Liquid, Brown), Source (Sugarcane, Sugar Beet), Form (Granulated, Powdered, Syrup), Application (Food & Beverage, Pharmaceutical, Personal Care) - Global Forecast to 2031' published by Meticulous Research®, the industrial sugar market is projected to reach $60.19 billion by 2031, at a CAGR of 3.0% from 2024 to 2031.

The growth of the industrial sugar market is primarily driven by the increasing consumption of processed food & beverage products, the rising demand for confectionery products, and the low cost & high availability of industrial sugar. However, consumers' increasing preference for sugar substitutes, the rising prevalence of chronic diseases such as diabetes, and the imposition of sugar tax in various countries restrain the growth of this market.

Furthermore, technological advancements in sugar processing and the increasing use of natural & organic sugar in the pharmaceutical & personal care industries are expected to generate growth opportunities for the players operating in this market. However, the increasing cost of sugar production and fluctuations in raw material supply are major challenges in the industrial sugar market.

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Additionally, the increasing adoption of organic and clean-label products is a key trend in the industrial sugar market.

Key Players:

The report includes an extensive assessment of the leading market participants' key strategic developments from the last 3 to 4 years (2021-2024). The industrial sugar market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the industrial sugar market are Südzucker AG (Germany), Associated British Foods plc (U.K.), Rogers Sugar Inc. (Canada), United States Sugar Savannah Refinery, LLC (U.S.), Tereos Group (France), Mitr Phol Sugar Company Limited (Thailand), American Crystal Sugar Company (U.S.), Louis Dreyfus Holding B.V. (Netherlands), Cargill, Incorporated (U.S.), ARCHER-DANIELS-MIDLAND COMPANY (U.S.), Nordzucker AG (Germany), E.I.D. - Parry (India) Limited (India), Michigan Sugar Company (U.S.), and Nile Sugar (Egypt).

The industrial sugar market is segmented by type (white sugar, brown sugar, and liquid sugar), source (sugarcane, sugar beet, and other sources), form (granulated, powdered, and syrup), application (food & beverage {beverages, confectionary products, bakery products, dairy products, and other food & beverage applications}, pharmaceutical, biofuel, chemical, personal care, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Key Findings in the Industrial Sugar Market Study:
Among all the types studied in this report, the white sugar segment is projected to register the highest CAGR during the forecast period 2024-2031, owing to the increasing demand for processed foods due to population growth, urbanization, and changing lifestyles; the growing use of sugar in pharmaceuticals and personal care products; and the rising demand for organic sugar-based products.

Among all the sources studied in this report, in 2024, the sugarcane segment is expected to account for the largest share of 79.1% of the industrial sugar market. The large market share of this segment can be attributed to the increasing cultivation of sugarcane, the high yield of sugar with sugarcane, and the high affordability and availability of sugarcane for sugar manufacturers. In addition, sugarcane is a rich source of sucrose, which makes it an ideal raw material for sugar production.

Among all the forms studied in this report, in 2024, the granulated segment is expected to account for the largest share of the industrial sugar market, owing to the easy availability, the wide range of F&B applications, and the ease of handling & transporting granulated sugar. In addition, a large number of manufacturers produce sugar in the granulated form, which is also relatively inexpensive compared to other forms. This further supports the adoption of granulated sugar.

Among all the applications studied in this report, in 2024, the food & beverage segment is expected to account for the largest share of 75.0% of the industrial sugar market. The large market share of this segment can be attributed to the increasing demand for processed food products and ready-to-eat (RTE) and ready-to-cook (RTC) food products, and the high use of sugar in confectionery and beverages, including sodas, energy drinks, and fruit juices. Sugar is a key ingredient in various food products, especially confectionery products where its concentration ranges from 85% to 99%.
Among all the regions studied in this report, in 2024, Asia-Pacific is expected to account for the largest share of 34.5% of the industrial sugar market, followed by North America and Europe. The industrial sugar market in Asia-Pacific is expected to reach a value of $3.08 billion in 2024. Moreover, Asia-Pacific is also slated to register the highest growth rate of 3.3% during the forecast period. The large share and high growth of this regional market can be attributed to the growing demand for processed food products and beverages, owing to population growth, rapid urbanization, and changing lifestyles. Also, the abundant availability of raw materials, the presence of major sugar producers, the growing number of food & beverage product manufacturers, and high sugar consumption in APAC support the region's dominant position in the industrial sugar market.

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Scope of the Report:
Industrial Sugar Market Assessment-by Type
• White Sugar
• Brown Sugar
• Liquid Sugar
Industrial Sugar Market Assessment-by Source
• Sugarcane
• Sugar Beet
• Other Sources
Industrial Sugar Market Assessment-by Form
• Granulated
• Powdered
• Syrup
Industrial Sugar Market Assessment-by Application
• Food & Beverage
 Beverages
 Confectionary Products
 Bakery Products
 Dairy Products
 Other Food & Beverage Applications
• Pharmaceutical
• Biofuel
• Chemical
• Personal Care
• Other Applications
Industrial Sugar Market Assessment-by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia
o Rest of Europe (RoE)
• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Indonesia
o Malaysia
o Rest of Asia-Pacific (RoAPAC)
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America (RoLATAM)
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Egypt
o Rest of Middle East & Africa (RoMEA)

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