Global Industrial sugar market is expected to grow significantly in the coming years. Major driving factors of the global industrial sugar market are emerging by-products, increasing sugar crop production and growth in the industrial beet sugar market. In addition, increasing usage of sugar in healthy products such as low-calorie bakery and confectionery products are other factors expected to fuel market growth in the forecast period.
The global industrial sugar market report has been segmented on the basis of type, form, source, application, and region.
On the basis of type, the global industrial sugar market is segmented into white sugar, brown sugar and liquid sugar. In terms of revenue, white sugar is the dominating and fastest growing segment owing to increasing demand for confectionery products coupled with expansion of product ranges.
On the basis of form, the global industrial sugar market is segmented into granulated, powdered and syrup. The granulated form is expected to dominate in terms of revenue owing to increasing functionality and consumption.
On the basis of source, the global industrial sugar market is segmented into cane sugar and beet sugar. Sugar cane is expected to grow at a significantly as sugar cane production is higher than sugar beet production, globally.
On the basis of application, the industrial sugar market is segmented into industries such as food, beverage, pharmaceutical and others (textile, chemical etc.) Food is the largest and fastest growing segment during the forecast period owing to wide variety of applications and consumption of confectionery products.
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On the basis of region, the global industrial sugar market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in Asia-Pacific is expected to register highest CAGR owing to growing food consumption and increased disposable incomes owing to increasing sugarcane production and rising end-use demand.
The key players included in the global industrial sugar market are Tereos S.A., Nordzucker Group AG, E.I.D Parry Limited, Suedzucker AG, Archer Daniels Midland Company, Illovo Sugar (Pty) Ltd, Nordzucker Group AG., Cosan SA, Mitr Phol Sugar Corp. and Wilmar International Ltd.