Due to the diverse applications of industrial sugar across various sectors, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Industrial Sugar Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving billion dollar growth readily in the forecast period.
Application of industrial sugar across various sectors majorly including confectionery, bakery and beverages have promoted the high growth of industrial sugar globally. Sugar imparts energy to the body and absorbs quickly. High demand for sweetened bakery products have also added fuel to the market growth of industrial sugar market. Growth of the sweetened beverage market has also provided an impetus for the increased demand of this sector. However, escalating market demand for sugar substitutes based on increasing health awareness is projected to propel the high market growth of this sector.
The key players profiled in industrial sugar are Suedzucker AG (Germany), British Sugar plc. (U.K), Tereos S.A. (France), Cargill Inc. (U.S.), Rogers Sugar Inc. (Canada), Michigan Sugar Company (U.S.), Guangxi Guitang Co Ltd (China), Bannari Amman Group (India), Rajashree Sugar & Chemicals Ltd. (India), and Rana Sugars Ltd. (India) among many others.
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The global industrial sugar market has been divided into source, form, application and region.
On The Basis Of Source: Sugarcane, Sugar Beet, and Others
On The Basis Of Form: Granules, Powder, Liquid, and Others
On The Basis Of Application: Bakery & Confectionery, Beverages, Snacks, Dairy & Frozen Desserts, Pharmaceuticals, Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
The global industrial sugar market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global dietary market is highly dominated by Asia Pacific due to increased sugarcane farming in the region. Countries like China, India, Indonesia and Thailand are identified to be contributing the most to the industrial sugar market in Asia Pacific region. Presence of large number of small and medium-sized local players is contributing to the growth of this market in the North America and European regions.
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