Market Research

Industrial Sugar Market Growth | Key Players Review, Business Statistics, Industry Segments, Covid-19 Analysis and Forecast to 2024

Jul 7, 2020 4:04 PM ET
iCrowd Newswire – Jul 7, 2020

Market Overview

Owing to the diverse applications of industrial sugar across various sectors, the market is projected to grow at an incremental pace on the global stage. Industrial sugar is highly used in various industries including confectionery and bakery sector, which is primarily driving the growth of the market. Sugar is also considered as an important element which imparts energy to the body and is absorbs quickly. Growing demand for bakery products is supporting the growth of industrial sugar market. Moreover, increasing demand for sweetened beverage market is likely to drive the industrial sugar market.

Furthermore, technological advancements for sugar processing and extraction techniques will support the growth of this market to a great extent. Growing trend of application of organic sugar in food & beverage industry is bringing surge to the growth of the industrial sugar market. However, the growth of sugar alternatives market might confine the growth of industrial sugar market.

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Competitive Analysis

The key players in this market are highly emphasizing on increasing their production capacity to meet the growing demand for industrial sugars. They are also involved in R&D processes to improvise the production techniques and enhance their production capacity. Strategic acquisitions and mergers also play a significant role in the growth of this market. Business expansions through these strategic moves are among the key developments of the established players.

The key players profiled in Industrial Sugar Market are Suedzucker AG (Germany), British Sugar plc. (U.K), Tereos S.A. (France), Cargill Inc. (U.S.), Rogers Sugar Inc. (Canada), Michigan Sugar Company (U.S.), Guangxi Guitang Co Ltd (China), Bannari Amman Group (India), Rajashree Sugar & Chemicals Ltd. (India), and Rana Sugars Ltd. (India) among many others.

Latest Industry Updates

Nov 2018 Rogers Sugar Inc. acquired L.B. Maple Treat Corporation which is one of the leading players in the private label maple syrup bottling and distribution. This acquisition was with an aim of business expansion.

Aug 2018 E.I.D. Parry (India) Limited; one of the leading players in sugar market of India announced their expansion of sugar production capacity in order to meet the global rising demand for sugars.

Nov 2016 In order to expand their sugar business, Suedzucker AG which is one of the leading players in the industrial sugar market acquired 25% stake in ED&F Man, for USD 91.8 million. The company follows the strategy of acquisition in order to expand their geographical presence as well as to increase their production capacity.

Market Segments:

Global Industrial Sugar Market has been divided into source, form, application and region.

On The Basis Of Source: Sugarcane, Sugar Beet, and Others

On The Basis Of Form: Granules, Powder, Liquid, and Others

On The Basis Of Application: Bakery & Confectionery, Beverages, Snacks, Dairy & Frozen Desserts, Pharmaceuticals, Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

Based on region, the global industrial sugar market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global industrial sugar market is highly dominated by Asia Pacific owing to increased sugarcane farming in this region. Countries such as China, India, Indonesia and Thailand are recognized as the most contributing countries to the industrial sugar market in Asia Pacific region. Presence of large number of small and medium-sized local players in North America is contributing to the growth of industrial sugar market in this region. Moreover, growing demand for industrial sugar globally is likely to support the growth of global industrial sugar market.

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