DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Sugar Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023" report to their offering.
The global industrial sugar market is estimated to reach USD 54.91 Billion by 2023, growing at a CAGR of 5.92% during 2016 to 2023.
Sugar is available in different types, forms. It can also be classified on basis of its application. It can also be classified from source sugar is produced. Sugar is one of the important product that has produced and consumed around the world, and the total production of sugar was 175.1 million metric tons in 2016. 65% of the sugar is produced and consumed in domestic markets and only 35% is exported in the international markets.
On the basis of type, it is categorized in three types in which 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 factor for the increase in demand for industrial sugar globally. Changing customer preferences about different products has led to increase in the consumption of different food and beverage products globally consumed.
On the basis of its source, cane sugar is projected to grow at a significant rate during the forecast period. Sugar cane production is higher than sugar beet production, globally, as all the major developing countries are involved in the manufacturing of cane sugar.
Key Market Drivers:
- Increase In Sugar Crop Production
- Growing Technological Innovations In Production Plant
- Increased Use Of Its By Products
Expansion Of Industrial Sugar Beet Market
- Bajaj Hindustan Limited(India)
- British Sugar(Uk)
- Cargill Inc. (Usa)
- Imperial Sugar Company
- Ingridion Incorporated
- Michigan Sugar
- Rana Sugar
- Rajshree Sugar
- Renuka Sugar
- Rizhao Lingyunhai Sugar Group
- Rogers Sugar
- Sudzuker Group
- Tongatt Hulett Sugar Group
- Upper Ganges Sugar And Industries
- Wilmar International
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Global Industrial Sugar Market By Region
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qg6kf2/global_industrial