According to MRFR, the organic sugar market is expected to register a CAGR of 16.30% and reach USD 2.57 billion by 2027.
Throughout the projected period, there are numerous key organic sugar market drivers. The main factor propelling the market forward is the government policy that encourages the manufacture and sale of organic products. Governments encourage small producers of natural and organic products. Apart from this, the consumer preference for natural and 100% organic products is also contributing to the boom of the organic sugar industry. The increased participation of farmers in organic farming and production represents a significant opportunity for the market as a whole. The majority of farmers and large-scale growers also choose to grow sugar crops without using pesticides or chemicals. Additionally, the affordability of higher-end and healthier options has increased for citizens. People are now willing to spend more on nutritious staple foods than in the past. As a result, it represents an excellent chance for the expansion of the organic sugar market.
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The organic sugar sector is expected to grow at a rapid pace over the projected period, owing to the growing consumer preference for foods free of chemicals and fertilizers. Due to an increased awareness of their health, shoppers today show a strong interest in healthy and natural food products such as organic sugar. Additionally, governments in emerging and developed economies are encouraging organic farming practices. This, in turn, will accelerate the growth trajectory of the industry throughout the forecast period. Additionally, a low percentage of organic farming operations and a lack of organic integrity can be a barrier to business expansion. However, technological advancements in food products, along with the availability of healthier food alternatives in the form of organic foods, will open new development opportunities for the market during the forecast period.
Nevertheless, the high cost of organic sugar as compared to conventional sugar is expected to restrain the growth of the organic sugar market throughout the forecast period. One of the biggest problems the organic sugar industry continues to face is the high cost of organic sugars. Strict laws governing the sale of organic products, especially organic sugars, act as a barrier to the growth of the organic sugar sector.
The two main criteria for segmenting the global market are source and application. Sugar cane and sugar beet are the two main sources of sugar in the world market. While the sugarcane industry has been a significant contributor to the global market so far, the sugar beet sector will overtake it as the leading sector.
Application is another important segmentation factor in the analysis of the organic sugar market. The Organic Sugar industry outlook categorizes the application industry into bakery and confectionery items. Another important area with a large global market share is on-the-go food.
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North America, Europe, Asia-Pacific, Latin America and Rest of the World are the regional markets.
The European region will also see a significant increase in the size of the organic sugar market. European customers are increasingly concerned about the environmental impact of agricultural activities and are looking for items that have a lower environmental impact. This trend has stimulated the market for organic products. In general, the global organic cane sugar market is expected to grow over the forecast period.
North America will become a major user of organic sugar through its consumption as it transitions to healthier people. These advancements will have a significant impact on global market trends over the coming years.
The main market players are Tereos SA (France), Südzucker AG (Germany), Pronatec AG (Switzerland), Jalles Machado S/A (Brazil), Cosan Ltd. (Brazil), Nordzucker AG (Germany), Bunge Limited (United States), Lexem India Pvt. ltd. (India), LOC Industries, Inc. (United States), Azucarera La Felsina SA (Paraguay)
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