Industrial Sugar Market SWOT Analysis Including Key Players Suedzucker AG, Associated British Foods and more

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Industrial sugar market

The global industrial sugar market will reach a value of US$100 billion by the end of 2022; The raw segment is the most vital type of product

PUNE, MAHARASHTRA, INDIA, Aug. 23, 2022 /EINPresswire.com/ — The global industrial sugar market is shaped by factors such as average international price of raw materials, value addition of sugarcane products through of integrated sugar complexes, the industrial beet sugar market growth and expansion of sugar cane production.

Additionally, consumer trends in packaged food and beverages and new innovations leading to the use of sugar in products marketed as “health products” are sure to benefit the industrial sugar market. The industrial sugar market is expected to witness a moderate CAGR of 4.7% for the period 2017 to 2022.

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The sweeteners segment accounts for approx. a third share of industrial-use segment revenue in 2017, but is still expected to lose share going forward. The sweeteners industry segment is expected to be worth more than US$35 billion by the end of 2022 and APEJ alone contributes two-fifths of this. Sweeteners have become increasingly popular across all demographic groups and key stakeholders are urged to take this into consideration.

Bakery products follow closely and account for a revenue share of just under a quarter of the industrial sugar market in terms of industrial use. Companies could target the European baked goods market as the continent is well known for its diverse range of tasty cakes and pastries which all require a huge amount of sugar sold in the industrial sugar market.

The confectionery segment is the third largest in the industrial sugar market and is expected to lose share over the forecast period. The APEJ and MEA regions are expected to record a robust CAGR above 5% from 2017 to 2022, but the former is valued at almost six times the size of the latter by the end of 2022.

Beverages are a relatively small segment in the industrial sugar market and have a single-digit revenue share. However, the beverage segment is expected to grow in the coming years, which makes it unwise to completely neglect this segment of the industrial sugar market. The maximum potential of the beverage segment therefore exists in Europe and in the APEJ regions

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Pharmaceuticals is an industrial use segment that may require increased use of industrial sugar in the coming days. Even though the pharmaceutical segment has a single-digit revenue share in the industrial sugar market, it is poised to witness a robust CAGR during the study period.

APEJ’s pharmaceutical segment alone is estimated to exceed a value of more than US$2.5 billion by the end of the five-year study and companies are recommended to design their investment strategies to long term accordingly.

The North America industrial sugar market is expected to be worth more than US$10 billion by the end of the forecast period

The companies profiled in the industrial sugar market report are Cosan SA Indústria e Comércio, Shree Renuka Sugars Ltd., EID-Parry (India) Limited, American Crystal Sugar Company, Wilmar International Limited, Louis Dreyfus Holding BV, Mitr Phol Sugar Corporation Limited, Tereos Internacional SA, Associated British Foods and Suedzucker AG

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