Industrial sugar is a sweet, soluble carbohydrate that is used in adding to various food items. Industrial sugar category include sweeteners that are used by the confectionery manufacturers as well as in baking, catering, pharmaceuticals and beverage industries.
Due to the COVID-19 pandemic, the global Industrial Sugar market size is estimated to be worth US$ 204220 million in 2021 and is forecast to a readjusted size of US$ 284590 million by 2028 with a CAGR of 4.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Industrial Sugar market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Industrial Sugar landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
On the basis of type, white sugar is the largest and fastest growing market as it is the most common type of industrial sugar used globally. Factors such as growing demand for confectionery products, growing retail market and expansion of product portfolio are driving the demand for industrial sugar globally. Changing consumer preferences about different products has led to an upsurge in the consumption of different food and beverage products globally.
This report focuses on Industrial Sugar volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Industrial Sugar market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Industrial Sugar Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
White Sugar
Brown Sugar
Liquid Sugar
Segment by Application
Dairy
Bakery
Confectionery
Beverage
Canned & Frozen Foods
Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Cargill
Archer Daniels Midland
Raizen
Sudzucker
Tereos
Nordzucker
Tongaat Hulett
Illovo Sugar
Dangote Group
EID Parry