Market Overview:
Global Industrial Sugar Market is expected to grow at the CAGR of 4.5%. Industrial sugar is a form of carbohydrate which is soluble in nature. It is obtained from various raw material source such as sugarcane, sugar beet etc. The process of production of sugar from sugar cane is found to be dominant on industrial scale. Increasing application of industrial sugar in pharmaceutical, food and beverage industries are driving the growth of the market. The high demand of chocolates, jellies, toffee and candies amongst the children is also supporting the growth of the industrial sugar. Application as a food additive for preservation of the canned foods is helping to fuel up the market share. The browning property of sugars is used in the food industry for enhancing the texture and flavors of the baked food products. Improved distribution channels are also playing the key role in the rising sales of industrial sugar from last few years.
Changing food habits of the consumers has encouraged the demand of industrial sugar in food and beverage industries. Brewing industries are increasing their demand of the product for the processing of wine and beer. Key players in industrial sugar market are mainly located in Asia-Pacific and Europe region. Key Players from China and India are following strategies of merger and acquisition of small players to expand their business various other regions due to increasing demand of industrial sugar.
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Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major industrial sugar market players. It further includes product portfolios, developments of leading major players which includes
- Sudzucker Group (Germany)
- British Sugar (U.K.)
- Tereos (France)
- Cargill Inc. (U.S.)
- Rogers Sugar Inc (Canada)
- Michigan Sugar (U.S.)
- Imperial Sugar Company (U.S.)
- Guangxi Guitang Group Co., Ltd (China)
- Rizhao Lingyunhai Sugar Group (China)
- COFCO Tunhe Co., Ltd. (China)
- Guangxi Fengtang Biochemistry Co., Ltd. (China)
- Guangxi Funan East Asia Sugar Co., Ltd (China)
- Bannari Amman Sugars Limited (India)
- Dwarikesh Sugars (India)
- Rajshree Sugars (India)
- Rana Sugars (India)
- Shree Renuka Sugars (India)
- Upper Ganges Sugar & Industries (India)
- Bajaj Hindustan Limited (India) and
- Guangxi Guitang Group Co., Ltd (U.S.)
Industry Segments:
Industrial sugar has been segmented on the basis of source which comprises sugarcane, sugar beet, date palm, sorghum, sugar maple and others.
Industrial sugar has been segmented on the basis of type which comprises granulated sugar, icing sugar, brown sugar, liquid sugar, specialty sugar and others.
Industrial sugar has been segmented on the basis of form which comprises granular, powder, solid, liquid, paste and others.
Industrial sugar has been segmented on the basis of application which comprises food, beverage, confectionery, pharmaceuticals and others.
Industrial sugar has been segmented on the basis of products which comprises molasses, sugar, bagasse and press mud.
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Regional Analysis:
The global Industrial sugar market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Europe has the major market share followed Asia-Pacific region. Increasing demand of canned fruits and sweetened food products in bakery and confectionery amongst the developed countries of North America and Europe region is helping in the growth of Industrial sugar market. U.S., China, Germany, U.K and Indonesia are the major importers of Industrial sugar.
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