Global Industrial Sugar Market Size, Share & Trends Analysis Report, By Type (White, Brown, and Liquid), By Source (Cane Sugar and Beet Sugar), By Form (Granulated, Powder, and Syrup), By Application (Bakery and Confectionery, Dairy, Beverages, Canned and Frozen Foods, Other Foods, and Pharmaceuticals) and Forecast, 2020-2026.
The global industrial sugar market is estimated to witness significant growth during the forecast period. Rising demand for sugar in diverse industrial applications is primarily contributing to market growth. The pharmaceutical industry uses sugar, primarily sucrose, in bulk amount as a cost-effective, easy to process, and good tasting carrier substance. Sugar performs functions such as incorporating bulk and consistency to tablets and making taste better. Either invert sugar syrup or pharma grade sucrose is used to serve this purpose. Further, there is an emerging adoption of pharma grade invert sugar syrup in India. Rising demand for infant medications is pushing pharmaceutical companies to move towards external sugar vendors to keep pace with the increasing consumers ‘demand. Therefore, several new bulk industrial sugar production facilities have increased across the country.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising food and beverage industry and pharmaceutical production in the region. The pharmaceutical industry has witnessed potential growth in the region owing to the expansion of drug manufacturing facility and government initiatives to increase pharmaceutical production in the region. For instance, the Indian Government launched 'Pharma Vision 2020' which is intended to position the country as a global leader in end-to-end drug production. Under the initiative, the approval time for new facilities has been reduced to accelerate investments. It will leverage pharmaceutical manufacturing in the country and thereby will propel market growth.
Some key players in the market include Cargill, Inc., Associated British Foods plc, Raízen Energia S.A., Südzucker AG, and Tereos. Key players are constantly focusing on gaining major market share by adopting strategies, including mergers & acquisitions, geographical expansion, product launches, partnerships and collaborations. For instance, in July 2019, Tereos commenced production of organic sugar in France. The company aims to expand its presence in this growth market with the collaboration of nearly 30 of its cooperative associates. The company will now produce its own organic sugar from sugar beets coupled with the potential consumer demand for local and organic products.
Research Methodology
The market study of the global industrial sugar market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
The global industrial sugar market is estimated to witness significant growth during the forecast period. Rising demand for sugar in diverse industrial applications is primarily contributing to market growth. The pharmaceutical industry uses sugar, primarily sucrose, in bulk amount as a cost-effective, easy to process, and good tasting carrier substance. Sugar performs functions such as incorporating bulk and consistency to tablets and making taste better. Either invert sugar syrup or pharma grade sucrose is used to serve this purpose. Further, there is an emerging adoption of pharma grade invert sugar syrup in India. Rising demand for infant medications is pushing pharmaceutical companies to move towards external sugar vendors to keep pace with the increasing consumers ‘demand. Therefore, several new bulk industrial sugar production facilities have increased across the country.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rising food and beverage industry and pharmaceutical production in the region. The pharmaceutical industry has witnessed potential growth in the region owing to the expansion of drug manufacturing facility and government initiatives to increase pharmaceutical production in the region. For instance, the Indian Government launched 'Pharma Vision 2020' which is intended to position the country as a global leader in end-to-end drug production. Under the initiative, the approval time for new facilities has been reduced to accelerate investments. It will leverage pharmaceutical manufacturing in the country and thereby will propel market growth.
Some key players in the market include Cargill, Inc., Associated British Foods plc, Raízen Energia S.A., Südzucker AG, and Tereos. Key players are constantly focusing on gaining major market share by adopting strategies, including mergers & acquisitions, geographical expansion, product launches, partnerships and collaborations. For instance, in July 2019, Tereos commenced production of organic sugar in France. The company aims to expand its presence in this growth market with the collaboration of nearly 30 of its cooperative associates. The company will now produce its own organic sugar from sugar beets coupled with the potential consumer demand for local and organic products.
Research Methodology
The market study of the global industrial sugar market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Industrial Sugar Market Research and Analysis, By Type
- Global Industrial Sugar Market Research and Analysis, By Source
- Global Industrial Sugar Market Research and Analysis, By Form
- Global Industrial Sugar Market Research and Analysis, By Application
The Report Covers
- Comprehensive research methodology of the global industrial sugar market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global industrial sugar market.
- Insights about market determinants which are stimulating the global industrial sugar market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- AGRANA Beteiligungs-AG
- American Crystal Sugar Co.
- Archer Daniels Midland Co.
- Associated British Foods plc
- Cargill, Inc.
- Dalmia Bharat Enterprises Ltd. (DBEL)
- Dangote Sugar Refinery PLC
- E.I.D. - Parry (India) Ltd.
- Louis Dreyfus Co. B.V.
- Mitr Phol Sugar Co. Ltd.
- Nordzucker AG
- NSL Sugars Ltd.
- Raízen Energia S.A.
- Shree Renuka Sugars Ltd.
- Südzucker AG
- Tereos
- Thai Roong Ruang Group
- Tongaat Hulett Group Ltd.
- Triveni Engineering & Industries Ltd.
- Wilmar International Ltd.
