DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial Sugar Market by Type, Form, Application, Source, and Region - Global Forecast to 2022" report to their offering.
The industrial sugar market is projected to reach a value of USD 52.91 billion by 2022 growing at a CAGR of 6.01% from 2016.
The growth is primarily supplemented by the rising population and increasing industrial sugar consumption globally. The major driving factors including growing significance of international trade, new innovative products launches, expanding production of raw materials, and increasing application of industrial sugar is expected to drive the global industrial sugar market in terms of value during the forecast period.
The global market for industrial sugar, by application, is segmented into dairy, bakery, confectionery, beverage, canned & frozen foods, and other food applications. Among all the application segments, the confectionary segment is expected to grow at the highest CAGR during the forecast period. The developed regions such as North America and Europe are in the mature stage in terms of consumption of confectionery products. The developing regions such as Asia-Pacific and RoW are in the growth stage, where the consumption of confectionery products has increased, which has led to an increase in the import of industrial sugar for the manufacturers.
Cane sugar is the most common source of sugar, globally. The demand for cane sugar is higher in the international market, due to demand from consumers and its utilization in various application industries such as bakery, confectionery, beverage, and dairy. The production of cane sugar is higher in the Asia-Pacific and North America regions.
- Rising Average International Prices
- Growing Importance of International Trade
- Value Addition of By-Products
- Expanding Sugar Crop Production
- Increasing Industrial Beet Sugar Market
- Water Consuming Monoculture Production
- Growth in Demand for Alternate Sweeteners as Sugar Substitutes
- Productivity Improvement Opportunity
- Increasing Cooperative Structure
- Preferential Trade Agreements
- Pricing Pressure of Industrial Sugar
- Increasing Costs of Sugar Production
- Archer Daniels Midland Company
- Dangote Group
- E.I.D Parry Limited
- Illovo Sugar (Pty) Ltd
- Nordzucker Group AG
- Raizen SA
- Sudzucker, AG
- Tongaat Hulett Group
For more information about this report visit http://www.researchandmarkets.com/research/ljl7rt/industrial_sugar