Pune, India -- (SBWire) -- 08/22/2018 --Market Overview:
Organic sugar is far more than being a naturally cultivated produce. In addition to its cultivation without using chemical fertilizers & pesticides, organic sugar is processed by combining futuristic technologies and safe processing methods, which also helps further to eliminate uses of causative agents, perilous radiations & fungicides and to ensure the end to end food safety. Apart from food and beverages products, organic sugar is also extensively used in pharma and personal care products. People are increasingly becoming aware of the naturally grown products. Their food preferences are changing rapidly, and they adopt different cuisines, culinary and continental food forms which further encourages demand for organic sugar.
Besides the growing awareness about the benefits of organic food coupled with the idea that organic food is good for health is fueling the market growth of organic sugar, escalating the market on the global platform. The ever-increasing population and the organic food consumption trends adopted by consumers is the key driving force persuading the worldwide demand posing organic sugar as the most dominantly imported & exported product. Its exports largely contribute to a nation's gross income. In some regions like APAC organic sugar is generally sold at premium prices perceiving to the greater demand to further enhance the export revenues in major sugar producing countries like China and India which in turn, increases the market size.
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Competitive Analysis:
The market appears to be diversified and fiercely competitive with the presence of numerous well-established players having the international presence. These players are investing heavily to enhance the product quality and their global expansion.
The market appears to be diversified and fiercely competitive with the presence of numerous well-established players having the international presence. These players are investing heavily to enhance the product quality and their global expansion.
Industry/innovation/Related News:
February 02, 2018 – Unilever (UK), a transnational consumer goods company announced that it is leveraging innovation and acquisitions to increase its exposure to faster-growing segments that are supported by "accelerating" demand for organic products.
Unilever is evolving its portfolio, both organically and through M&A, at an unprecedented level. This positions the Unilever even better for the faster-growing segments of the future that are obvious key to stay connected with its consumers.
July 19, 2018 – Civilized Cosmetics & Skincare (US), an eco-luxe revolutionary cosmetic brand company, announced the launch of their skincare line, featuring organic and cruelty-free anti-aging sugar body scrubs. Civilized Cosmetics new collection features three eco-friendly products with an end mission of revealing a youthful glow including Organic Sugar Scrub, Organic Face & Body Oil, and Organic Face Toner.
Market Segment:
The MRFR analysis is segmented into two key dynamics for the convenience of understanding;
By Applications : Food & Beverages, Pharma and Personal Care among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
The sub segment food & beverages, based on applications is expected to dominate the segment on account of the high demand for organic, ready to eat food products. Factors substantiating the growth of this segment include the rising consumers' preference for chemical-free healthy ingredients in food products.
Besides, sugar is an essential ingredient in the bakery & confectionery products which in turn, will propel the demand for organic sugar during the forecast period. However, the subsegment - personal care is expected to witness an impressive growth of 14.22% in terms of volume throughout the review period (2017-2022).
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Geographical Analysis:
Latin America organic sugar market is projected to lead the organic sugar market in terms of value and volume both. The market is expected to acquire the lion's share of more than 55% of the total market share.
Asia Pacific region will hold the second largest share followed by North America. Presence of various agro-climatic zones coupled with the favorable weather conditions is expected to ensure the extended production. Owing to the increasing production of sugarcane in India, Vietnam, and Indonesia, will allow these countries to witness higher growth in organic sugar market during the forecast period (2017 to 2022). The region is projected to grow at a rate of 14.66%.
The Europe region witnesses increasing demand for high-quality organic sugar. Ukraine and Spain are among the fastest growing markets for organic sugar in the region.
Owing to the increasing popularity of organic sugar in developed countries like the US and Canada; Chili, Parsley, Mint, and Marjoram, these countries are dominating the market in the North America region.
Worldwide Organic Sugar Market Size, Share, Sales, Consumption, Production, Market Penetration and Business Opportunity by Forecast to 2022
Organic Sugar Market Global Research Report by Application (Food & Beverages, Pharma and Personal Care) and Region (Latin America, Asia Pacific & RoW) - Forecast till 2022