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Industrial Sugar Market: Steady Growth, Market Drivers and Key Trends Analysis 2024-2029
Industrial Sugar Market
What Is The Projected Market Size Of The Global Industrial Sugar Market And Its Growth Rate?
The industrial sugar market has been exhibiting substantial growth in recent years. Here are the key statistics:
• Growth from $48.77 billion in 2024 to $51.82 billion in 2025 with a CAGR of 6.2%.
• This growth in the historic period can be attributed to factors such as colonial expansion and plantation agriculture, industrial revolution and refining techniques, and expansion of sugar beet cultivation.
• The industrial sugar market is expected to continue this strong growth trajectory, increasing to $65.69 billion in 2029 with a CAGR of 6.1%.
What Is Driving The Growth In The Industrial Sugar Market?
The industrial sugar market growth is predominantly driven by the rise in demand for confectionery products such as dairy items. Dairy items, primarily made with or containing milk from mammals such as cows, are witnessing increased usage in the production of a wide range of beverages and confectionary goods, including cakes, milkshakes, croissants, and hot sugar. For instance, in August 2023, the Department of Agriculture, Fisheries, and Forestry predicted a 2% growth in dairy exports for 2023-24, amounting to 679 kilotons, an increase from 663 kilotons in 2022-23.
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Who Are the Key Players Driving Industrial Sugar Market Growth?
The key players contributing to the growth of the industrial sugar market include:
• Cargill Incorporated
• 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
• China National Cereals Oils & Foodstuffs Corporation
• Dhampur Sugar Mills Ltd.
• Balrampur Chini Mills Ltd.
• MSF Sugar Ltd.
What Are The Key Trends In The Industrial Sugar Market?
The key trends in the forecast period include:
• Increasing emphasis on health and wellness
• Rising demand for natural and clean-label products
• Adoption of innovative processing technologies
• The emergence of low-calorie sweeteners
• Broadening applications of sugar.
What Are The Segments Of The Global Industrial Sugar Market?
The industrial sugar market is segmented by:
1. Type: White Sugar, Brown Sugar, Liquid Sugar
2. Source: Cane, Beet
3. Form: Granulated, Powder, Syrup
4. Application: Dairy, Bakery, Confectionery, Beverages, Frozen Foods, Other Applications
Which Region Leads The Industrial Sugar Market?
Asia-Pacific was the largest region in the industrial sugar market share in 2024. The market growth can be expected across multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Sugar Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Sugar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Sugar Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Sugar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Sugar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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