Global Industrial Sugar Market is expected to foresee significant growth. North America to lead the growth!

The Global Industrial Sugar market is expected to register a CAGR of around 6% over the period of 2021-2027. A rise in disposable income, the surging culture of packaged and processed food, rising consumption of alcoholic and non-alcoholic beverages, baked goods, and the rising number of bakeries and confectionery are some of the prominent factors due to which, the demand for industrial sugar is rising. As per FAO, most of the projected growth in sugar production is expected to come from developing countries. Brazil is expected to maintain its position as the world’s largest sugar producer, closely followed by India. These two countries will respectively account for about 21% and 18% of the world’s total sugar output by 2030. During 2018-2020, Brazil (+5.8 Mt), India (+5.1 Mt), and Thailand (+3.2 Mt) show the largest increases in production

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Based on type, the market is classified into white, brown, and liquid. The white sugar segment grabbed the major market share owing to the greater demand for confectionery products. The benefits of white sugar such as it provide energy and is an excellent source of energy. The sugar converts into glucose when it goes into the blood and is absorbed by cells that help to produce energy.

Based on form, the market is categorized into granulated, powdered & syrup. The granulated segment grabbed a considerable market share in 2020. The wide availability, ease of handling, transportation, and storage, better shelf-life, and effective product formulation are some of the prominent reasons, why this form is in higher demand. However, the powder’s high concentration and ease of use in various applications due to high mixability also contribute to the growth of the powdered segment.

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For a better understanding of the market adoption of the Industrial Sugar industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Asia Pacific region is the major market for industrial sugar owing to the large consumer base and growing demand for bakery and confectionery items. However, the North American region would witness a robust CAGR during the forthcoming years.

Some of the major players operating in the market include Suedzucker AG, Associated British Foods Plc, Tereos Internacional SA, Mitr Phol Sugar Corporation Limited, Louis Dreyfus Holding B.V., Wilmar International Limited, American, Crystal Sugar Company, E.I.D.-Parry (India) Limited, Cargill, Inc. Several M&As along with partnerships have been undertaken by these players to develop Industrial Sugar across the globe.

Global Industrial Sugar Market Segmentation

Market Insight, by Type

• White
• Brown
• Liquid

Market Insight, by Form

• Granulated
• Powdered & Syrup

Market Insight, by Application

• Dairy
• Bakery & Confectionery
• Beverages
• Pharmaceuticals
• Other Food Items

Market Insight, by Source

• Cane Sugar
• Beet Sugar

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • U.K
  • France
  • Germany
  • Spain
  • Italy
  • Resy of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Al Suedzucker AG
• Associated British Foods Plc
• Tereos Internacional SA
• Mitr Phol Sugar Corporation Limited
• Louis Dreyfus Holding B.V.
• Wilmar International Limited
• American Crystal Sugar Company
• Imperial Sugar Company
• E.I.D.-Parry (India) Limited
• Cargill, Inc.