1. What is the projected Compound Annual Growth Rate (CAGR) of the Industrial Sugar Market?
The projected CAGR is approximately 3.23%.
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Industrial Sugar MarketIndustrial Sugar Market by Source (Cane Sugar, Beet Sugar), by By Geography (North America), by Europe (U.K., France, Germany, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Indonesia, Rest of Asia Pacific), by South America (Brazil, Colombia, Rest of South America), by Middle East and Africa (South Africa, Turkey, Rest of the Middle East & Africa) Forecast 2026-2034
The Industrial Sugar Market size was valued at USD 39.59 USD Billion in 2023 and is projected to reach USD 49.46 USD Billion by 2032, exhibiting a CAGR of 3.23 % during the forecast period. Industrial sugar is a refined sugar that is utilized in food processing and a number of other industrial uses. They are widely used in foods preparations such as confectionaries, beverages, cakes and pastries, canned Foods and beverages, dairy products and drugs. The forms of industrial sugar contain granulated sugar, powdered sugar and liquid sugar. Industrial sugar has benefits that; They are readily available and are of good quality, they have a longer shelf life and have an added advantage of improving the quality of the final products. Current statistics show that organizations are seeking natural and GMO-free sugars for use in their products due to the increasing demand for natural and health-wise products. Moreover, technological advancements in sugaring and eco-friendly supplies are gradually emerging crucial in trade.
Source:
2023: "Just Date" expands into Sprouts Farmers Market Stores.
2021: "Dalmia Bharat Sugar" launches packaged sugar under the brand "Dalmia Utsav."
2020: DouxMatox collaborates with Lantic to deliver sugar reduction solutions.
2019: Parry's launches natural brown sugar with micronutrient content.
This comprehensive report provides a detailed analysis of the global industrial sugar market, offering valuable insights for stakeholders across the value chain. The report goes beyond a simple overview, delving into the intricate dynamics shaping this crucial sector.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 3.23% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 3.23%.
Key companies in the market include Suedzucker AG (Germany), Tereos S.A. (France), Cosan (Brazil), Associated British Foods (U.K.), Mitr Phol Group (Thailand), Cargill, Inc. (U.S.), Imperial Sugar Company (U.S.), Rogers Sugar, Inc. (Canada), American Crystal Sugar Company (U.S.), Louis Dreyfus Holding B.V. (Netherlands).
The market segments include Source.
The market size is estimated to be USD 39.59 USD Billion as of 2022.
Increasing Utilization in Processed Food and Beverages to Support Market Growth.
Growing Demand for Healthier Products to Influence Market Growth.
Rising Knowledge Regarding Adverse Health Effects of High Sweet Consumption among Consumers to Obstruct Market Growth.
August 2023: “Just Date”, founded by Dr. Sylvie Charles, is an organic sugar manufacturing startup. The company announced a nationwide expansion with Sprouts Farmers Market Stores. The launch aims to expand the company's U.S. presence to cater to the high-demand market.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Tonnes.
Yes, the market keyword associated with the report is "Industrial Sugar Market," which aids in identifying and referencing the specific market segment covered.
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