The industrial sugar market is projected to reach a value of USD 52.91 billion by 2022 growing at a CAGR of 6.01% from 2016. The growth is primarily supplemented by the rising population and increasing industrial sugar consumption globally. ”The confectionery segment of application is projected to be the fastest-growing from 2016 to 2022”
#Table of Content 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Insights 7 Industrial Sugar Market, By Type 8 Industrial Sugar Market, By Form 9 Industrial Sugar Market, By Application 10 Industrial Sugar Market, By Source 11 Industrial Sugar Market, By Region 12 Competitive Landscape 13 Company Profiles 14 Appendix
The global industrial sugar value chain consists of three main components, namely, production, processing, and distribution. Sugarcane production around the globe is dominated by smallholder farmers (out growers), with only a few factory-owned farms (nucleus estates). The processing component of the value chain consists of a number of public, private, and mixed-owned factories distributed throughout the sugarcane production areas.
Report categorizes for industrial sugar market on basis of type, form, application, source, and region. In terms of insights, this research report has focused on industry analyses and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging & high-growth segments of the global industrial sugar market. Competitive Landscape 1 Overview 2 Product Mapping 3 Industrial Sugar Market: Company Ranking (Developments) 4 Competitive Situations & Trends 5 Aquisitions and Expansions: the Key Strategies, 2010–2016 6 Expansions 7 Acquisitions 8 Collaborations
Major players in the market include Cargill Incorporated (U.S.), Archer Daniel Midland (U.S.), Raizen SA (Brazil), Sudzucker AG (Germany), and Tereos (France). Key players in the market are emphasizing on promotional activities, advertising campaigns, and social media marketing to expand their horizon and gain a competitive advantage in the market. Also, these players are marking notable efforts to enter developing nations to exploit lucrative market opportunities.
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Asia-Pacific market is expected to grow at highest rate. According to Food and Agriculture Organization(FAO), this growing demand is mainly due to “nutritional transition” compounded by lifestyle changes & shifts in structure of diet toward a higher energy density diet with a greater role for fat and added sugar in foods. Major driving factors including growing significance of international trade, new innovative products launches, expanding production of raw materials, & increasing application of industrial sugar is expected to drive industrial sugar market in terms of value during the forecast period.
The breakdown of the primaries on the basis of company, designation, and region conducted during the research study, are as follows:
• By Company Size:Tier 1 – 25%, Tier 2 – 30%, and Tier 3 –45% • By Designation Level: Director Level – 30%, C Level –26%, and Others–44% • By Region: North America –34%, Europe –26%, Asia-Pacific –23%, and Row –17%
White sugar is the largest and fastest growing market as it is the most common type of industrial sugar used globally. Factors such as growing demand for confectionery products, growing retail market and expansion of product portfolio are driving the demand for industrial sugar globally. Changing consumer preferences about different products has led to an upsurge in the consumption of different food and beverage products globally.