The global Industrial Sugar market was valued at USD 3.61 billion in 2016 and is projected to reach USD 5.14 billion by 2025, growing at a CAGR of 14.2% from 2017 to 2025.
Industrial sugars are products that are majorly used in end use industries rather than being sold in supermarkets. The rising bakery and confectionery industry is expected to boost the consumption of industrial sugar. The market faces an increasing threat from artificial sweeteners which are experiencing huge demand.
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1. Market Drivers
1.1 Rising production of beet sugar
1.2 Increasing sugar crop production
2. Market Restraints
2.1 Water consuming monoculture production
2.2 Increasing demand for alternate sweeteners
The global Industrial Sugar market is segmented on the source, type, form, application, and region.
1. By Source:
1.1 Cane Sugar
1.2 Beet Sugar
2. By Type:
3. By Form:
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4. By Application:
4.1 Confectionery Products
4.5 Canned and Frozen Foods
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Archer Daniels Midland
3. Raizen SA
5. Sudzucker Ag
6. E.I.D Parry Limited
7. Nordzucker Group AG
8. Dangote Group
9. Illovo Sugar Ltd.
10. Togaat Hulett Group
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.