The Industrial Sugar Global Market Report 2023, provides comprehensive information on the industrial sugar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global industrial sugar market is expected to grow from $43.35 billion in 2022 to $45.53 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the industrial sugar market is expected to grow to $57.17 billion in 2027 at a CAGR of 5.9%.
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Technological innovations have emerged as a key trend gaining popularity in the industrial sugar market. Major companies operating in the industrial sugar market are focused on developing new innovative technologies to strengthen their position in the market. For instance, in March 2022, Cargill, a US-based food corporation and a producer of industrial sugar, introduced the EverSweet + ClearFlo Stevia Platform, a first-of-its-kind stevia-boosting technology. The unique feature of the platform is that it incorporates the company’s top sweetener as well as other natural flavors. Due to Cargill’s ClearFlo technology, EverSweet, a stevia-based sweetener, serves as a platform for other natural flavors. This mixture can improve flavor, solubility, formulation stability, and dissolution speed. The novel sweetening technique can also help reduce undesirable flavors that may be present in a formulation, such as bitter coffee flavors, earthy protein notes, or metallic tastes from potassium chloride.
The industrial sugar market is segmented:
1) By Type: White Sugar, Brown Sugar, Liquid Sugar
2) By Source: Cane, Beet
3) By Form: Granulated, Powder, Syrup
4) By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications
Asia-Pacific was the largest region in the industrial sugar market in 2022.
The table of contents in TBRC’s industrial sugar market report includes:
- Executive Summary
- Industrial Sugar Market Characteristics
- Industrial Sugar Market Trends And Strategies
- Industrial Sugar Market – Macro Economic Scenario
- Industrial Sugar Market Size And Growth
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- Africa Industrial Sugar Market
- Industrial Sugar Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Industrial Sugar Market
- Industrial Sugar Market Future Outlook and Potential Analysis
- Appendix
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