Industrial Sugar Market Size, Share, Forecast, & Trends Analysis by Type (White, Liquid, Brown), Source (Sugarcane, Sugar Beet), Form (Granulated, Powdered, Syrup), Application (Food & Beverage, Pharmaceutical, Personal Care)

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Industrial Sugar Market Size, Share, Forecast, & Trends Analysis by Type (White, Liquid, Brown), Source (Sugarcane, Sugar Beet), Form (Granulated, Powdered, Syrup), Application (Food & Beverage, Pharmaceutical, Personal Care)-Global Forecast to 2031

According to a new market research report titled, 'Industrial Sugar Market Size, Share, Forecast, & Trends Analysis by Type (White, Liquid, Brown), Source (Sugarcane, Sugar Beet), Form (Granulated, Powdered, Syrup), Application (Food & Beverage, Pharmaceutical, Personal Care) - Global Forecast to 2031,' published by Meticulous Research(R), the industrial sugar market is projected to reach $60.19 billion by 2031, at a CAGR of 3.0% from 2024 to 2031. The report provides an in-depth analysis of the industrial sugar market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends. The growth of the industrial sugar market is primarily driven by the increasing consumption of processed food & beverage products, the rising demand for confectionery products, and the low-cost & high availability of industrial sugar. However, consumers' increasing preference for sugar substitutes, the rising prevalence of chronic diseases such as diabetes, and the imposition of sugar tax in various countries restrain the growth of this market.

Furthermore, technological advancements in sugar processing and the increasing use of natural & organic sugar in the pharmaceutical & personal care industries are expected to generate growth opportunities for the players operating in this market. On the other hand, the increasing cost of sugar production and fluctuations in raw material supply are major challenges in the industrial sugar market.

Additionally, the increasing adoption of organic and clean-label products is a key trend in the industrial sugar market.

Key Players

The key players operating in the industrial sugar market are Sudzucker AG (Germany), Associated British Foods plc (U.K.), Rogers Sugar Inc. (Canada), United States Sugar Savannah Refinery, LLC (U.S.), Tereos Group (France), Mitr Phol Sugar Company Limited (Thailand), American Crystal Sugar Company (U.S.), Louis Dreyfus Holding B.V. (Netherlands), Cargill, Incorporated (U.S.), ARCHER-DANIELS-MIDLAND COMPANY (U.S.), Nordzucker AG (Germany), E.I.D. - Parry (India) Limited (India), Michigan Sugar Company (U.S.), and Nile Sugar (Egypt).

Based on type, the industrial sugar market is segmented into white sugar, brown sugar, and liquid sugar. In 2024, the white sugar segment is expected to account for the largest share of 75.0% of the industrial sugar market. The large market share of this segment can be attributed to the affordability and easy accessibility of white sugar, its significant use in food and beverage manufacturing, technological advancements in the production of white sugar, and the high versatility of white sugar, which makes it suitable for various culinary and industrial applications. Moreover, this segment is also projected to record the highest growth rate during the forecast period 2024-2031, owing to the increasing demand for processed foods due to population growth, urbanization, and changing lifestyles; the growing use of sugar in pharmaceuticals and personal care products; and the rising demand for organic sugar-based products.

Based on source, the industrial sugar market is segmented into sugarcane, sugar beet, and other sources. In 2024, the sugarcane segment is expected to account for the largest share of 79.1% of the industrial sugar market. The large market share of this segment can be attributed to the increasing cultivation of sugarcane, the high yield of sugar with sugarcane, and the high affordability and availability of sugarcane for sugar manufacturers. In addition, sugarcane is a rich source of sucrose, which makes it an ideal raw material for sugar production.

Based on form, the industrial sugar market is segmented into granulated, powdered, and syrup. In 2024, the granulated segment is expected to account for the largest share of the industrial sugar market. The large market share of this segment can be attributed to the easy availability, the wide range of F&B applications, and the ease of handling & transporting granulated sugar. In addition, a large number of manufacturers produce sugar in the granulated form, which is also relatively inexpensive compared to other forms. This further supports the adoption of granulated sugar.

Based on application, the industrial sugar market is segmented into food & beverage, pharmaceutical, biofuel, chemical, personal care, and other applications. In 2024, the food & beverage segment is expected to account for the largest share of 75.0% of the industrial sugar market. The large market share of this segment can be attributed to the increasing demand for processed food products and the high use of sugar in confectionery and beverages, including sodas, energy drinks, and fruit juices. Sugar is a key ingredient in various food products, especially confectionery products where its concentration ranges from 85% to 99%.

Based on geography, the industrial sugar market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 34.5% of the industrial sugar market, followed by North America and Europe. The industrial sugar market in Asia-Pacific is expected to reach a value of $3.08 billion in 2024. Moreover, Asia-Pacific is also slated to register the highest growth rate during the forecast period. The large share and high growth of this regional market can be attributed to the growing demand for processed food products and beverages, owing to population growth, rapid urbanization, and changing lifestyles. Also, the abundant availability of raw materials, the presence of major sugar producers, the growing number of food & beverage product manufacturers, and high sugar consumption in APAC support the region's dominant position in the industrial sugar market.

Key Questions Answered in the Report:

What is the revenue generated from the sale of industrial sugar products?
At what rate is the global demand for industrial sugar projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the industrial sugar market?
What are the major factors impacting the growth of this market at the global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, source, form, and application segments are creating major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the industrial sugar market?
Who are the major players in the industrial sugar market? What are their product offerings?
What are the recent key developments in the industrial sugar market? What are the impacts of these developments?

Scope of the Report:

Industrial Sugar Market Assessment-by Type

White Sugar
Brown Sugar
Liquid Sugar

Industrial Sugar Market Assessment-by Source

Sugarcane
Sugar Beet
Other Sources

Industrial Sugar Market Assessment-by Form

Granulated
Powdered
Syrup

Industrial Sugar Market Assessment-by Application

Food & Beverage
Beverages
Confectionary Products
Bakery Products
Dairy Products
Other Food & Beverage Applications
Pharmaceutical
Biofuel
Chemical
Personal Care
Other Applications

Industrial Sugar Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe (RoE)
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America (RoLATAM)
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Rest of Middle East & Africa (RoMEA)

Product Code: MRFB - 1041263

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Data Collection & Validation Process
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing & Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Industrial Sugar Market Analysis, by Type
- 3.2.2. Industrial Sugar Market Analysis, by Source
- 3.2.3. Industrial Sugar Market Analysis, by Form
- 3.2.4. Industrial Sugar Market Analysis, by Application
3.3. Industrial Sugar Market Analysis, by Region
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Increasing Consumption of Processed Food & Beverage Products
  - 4.2.1.2. Rising Demand for Confectionery Products
  - 4.2.1.3. Low Cost and High Availability of Industrial Sugar
- 4.2.2. Restraints
  - 4.2.2.1. Consumers' Increasing Preference for Sugar Substitutes
  - 4.2.2.2. Rising Prevalence of Chronic Diseases Such as Diabetes
  - 4.2.2.3. Imposition of Sugar Tax in Various Countries
- 4.2.3. Opportunities
  - 4.2.3.1. Technological Advancements in Sugar Processing
  - 4.2.3.2. Increasing Use of Natural & Organic Sugar in the Pharmaceutical & Personal Care Industries
- 4.2.4. Challenges
  - 4.2.4.1. Increasing Cost of Sugar Production
  - 4.2.4.2. Fluctuations in Raw Material Supply
4.3. Trends
- 4.3.1. Increasing Adoption of Organic & Clean-label Products
4.4. Porter's Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition
4.5. Pricing Analysis

5. Industrial Sugar Market Assessment-by Type

5.1. Overview
5.2. White Sugar
5.3. Brown Sugar
5.4. Liquid Sugar

6. Industrial Sugar Market Assessment-by Source

6.1. Overview
6.2. Sugarcane
6.3. Sugar Beet
6.4. Other Sources

7. Industrial Sugar Market Assessment-by Form

7.1. Overview
7.2. Granulated
7.3. Powdered
7.4. Syrup

8. Industrial Sugar Market Assessment-by Application

8.1. Overview
8.2. Food & Beverage
- 8.2.1. Beverages
- 8.2.2. Confectionary Products
- 8.2.3. Bakery Products
- 8.2.4. Dairy Products
- 8.2.5. Other Food & Beverage Applications
8.3. Pharmaceutical
8.4. Biofuel
8.5. Chemical
8.6. Personal Care
8.7. Other Applications

9. Industrial Sugar Market Assessment-by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. U.K.
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Russia
- 9.3.7. Rest of Europe
9.4. Asia-Pacific
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South Korea
- 9.4.6. Indonesia
- 9.4.7. Malaysia
- 9.4.8. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Argentina
- 9.5.3. Mexico
- 9.5.4. Rest of Latin America
9.6. Middle East & Africa
- 9.6.1. South Africa
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Egypt
- 9.6.5. Rest of Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies
10.5. Market Share Analysis

11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)

11.1. Sudzucker AG
11.2. Associated British Foods plc
11.3. Rogers Sugar Inc.
11.4. United States Sugar Savannah Refinery, LLC
11.5. Tereos Group
11.6. Mitr Phol Sugar Company Limited
11.7. American Crystal Sugar Company
11.8. Louis Dreyfus Holding B.V.
11.9. Cargill, Incorporated
11.10. ARCHER-DANIELS-MIDLAND COMPANY
11.11. Nordzucker AG
11.12. E.I.D. - Parry (India) Limited
11.13. Michigan Sugar Company
11.14. Nile Sugar

(Note: SWOT analysis will be provided for the top 5 companies.)

12. Appendix

12.1. Available Customization
12.2. Related Reports