Overview and Scope
Sugar beet juice extract is the juice that is extracted from the root of the sugar beet. Sugar beet is a plant with high sucrose concentrations in its roots.
Sizing and Forecast
The sugar beet juice extract market size has grown strongly in recent years. It will grow from <b>$5.06 billion in 2023 to $5.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. </b> The growth in the historic period can be attributed to traditional use in food and beverage industry, availability and cultivation of sugar beets, cost-effectiveness in production, growth in demand for natural sweeteners, regulatory approval and acceptance as a food ingredient.
The sugar beet juice extract market size is expected to see strong growth in the next few years. It will grow to <b>$7.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. </b> The growth in the forecast period can be attributed to rising consumer preference for clean label ingredients, increasing awareness of health benefits (e.g., antioxidants, vitamins), growing adoption of plant-based and natural ingredients, emerging markets and demand in developing countries, sustainable sourcing and production practices
Major trends in the forecast period include technological advancements in extraction processes, functional and nutraceutical applications, fortification and enrichment, collaborations and partnerships, traceability and transparency.
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Segmentation & Regional Insights
The sugar beet juice extract market covered in this report is segmented –
1) By Product Type: Organic, Conventional
2) By Application: Food and Beverages, Animal Feed, Bio Fuels, Cosmetic and Personal Care, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenienve Stores, Online
<b>North America</b> was the largest region in the sugar beet juice extract market share in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the sugar beet juice extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for sugarcane substitutes is expected to promote the growth of the sugar beet juice extract market. Since cultivation of sugarcane requires heavy water irrigation, alternatives such as sugar beet are being focused on that do not require as much water for cultivation. According to the United States Department of Agriculture, since the mid-2000s, sugar beets accounted for 55 to 60% of sugar production in the USA, while sugarcane accounted for 40 to 45%. So, the growing demand for sugarcane substitutes will drive the sugar beet juice extract market.
Key Industry Players
Major companies operating in the sugar beet juice extract market include <b> BMA AG, Agrana Zucker GmbH, Nippon Beet Sugar Manufacturing Co. Ltd., NutriScience Innovations LLC, Amalgamated Sugar Company LLC, Nordzucker AG, CropEnergies AG, Southern Minnesota Beet Sugar Cooperative, Südzucker Polska S.A., British Sugar plc, Snake River Sugar Company, Agrana Beteiligungs-AG, Michigan Sugar Company, Rana Sugar Ltd., Tereos Internacional S.A., Cosucra Groupe Warcoing SA, Nordic Sugar A/S, Spreckels Sugar Company, Western Sugar Cooperative, American Crystal Sugar Company, Minn-Dak Farmers Cooperative, Sidney Sugars Incorporated, United Sugars Corporation, Imperial Sugar Company, Rogers Sugar Inc., Tongaat Hulett Sugar South Africa Ltd., Zucarmex S.A. de C.V., DuPont Inc., Tate and Lyle plc, Siemens AG </b>
The sugar beet juice extract market report table of contents includes:
1. Executive Summary
2. Sugar Beet Juice Extract Market Characteristics
3. Sugar Beet Juice Extract Market Trends And Strategies
4. Sugar Beet Juice Extract Market – Macro Economic Scenario
5. Global Sugar Beet Juice Extract Market Size and Growth
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26. South America Sugar Beet Juice Extract Market
27. Brazil Sugar Beet Juice Extract Market
28. Middle East Sugar Beet Juice Extract Market
29. Africa Sugar Beet Juice Extract Market
30. Sugar Beet Juice Extract Market Competitive Landscape And Company Profile
Top Major Players:
- BMA AG
- Agrana Zucker GmbH
- Nippon Beet Sugar Manufacturing Co. Ltd
- NutriScience Innovations LLC
- Amalgamated Sugar Company LLC
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