Industrial Sugar Market Worth $52.91 Billion by 2022 - Exclusive Report by MarketsandMarkets
The industrial sugar market is estimated to be valued at USD 35.69 Billion in 2015, and is projected to grow at a CAGR of 6.01% during the forecast period of 2016 to 2022.
Northbrook, IL -- (SBWire) -- 05/17/2019 --The report "Industrial Sugar Market by Type (White, Brown & Liquid), Form (Granulated, Powdered & Syrup), Application (Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Other Food Items & Pharmaceuticals), Source (Cane Sugar, Beet Suger), and Region - Global Forecast to 2022", The market for industrial sugar is projected to reach USD 52.91 Billion by 2022, growing at a CAGR of 6.01% from 2016 to 2022.
Browse 86 market data tables and 56 figures spread through 155 pages and in-depth TOC on "Industrial Sugar Market - Global Forecast to 2022"
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It is driven by factors such as rise in average international prices and importance of international trade, value addition of products from sugar cane by focusing on emerging by-products through integrated sugar complexes, expanding sugar crop production, growth in the industrial beet sugar market, consumption of packed food & beverage items, and the usage of sugar in healthy products such as low-calorie bakery and confectionery products.
The white sugar segment is projected to be the fastest-growing during 2016 to 2022.
White sugar is the most common type of sugar used globally. The growing retail market and expansion of product portfolio of different manufacturers drive the demand for industrial sugar across different end-use application such as bakery, confectionery, and dairy. The rise in demand for import of sugar for the manufacture of consumer products has led to an increase in the demand for industrial sugar.
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The granulated sugar segment is projected to be the fastest-growing during 2016-2022.
The granulated form is the most common type of sugar. It is a crystalized form of sugar, which is used in different food items according to product requirements. The granulated sugar market is driven mainly driven by the growth in the confectionery and candy industry. Also, it is easier to store and transport granulated sugar than the other forms of industrial sugar.
The Asia-Pacific region is projected to grow at a significant rate from 2016 to 2022.
During the forecast period, Asia-Pacific is expected to grow at the highest rate. The growth in food consumption has been propelled by rapid urbanization and increased disposable incomes accompanied by a significant structural and dietary shift from staples to packed food items in the developing economies.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Cargill Incorporated (U.S.), Archer Daniels Midland (U.S.), Raizen SA (Brazil), Sudzucker AG (Germany), and Tereos (France).
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