Industrial Sugar Market

Industrial Sugar Market by Type (White Sugar, Brown Sugar, & Liquid Sugar), Application (Dairy Products, Bakery Products, Confectionery, Beverages, & Pharmaceuticals), Source (Sugarcane & Sugar Beet) and Region - Global Forecast to 2028

Report Code: FB 5051 May, 2023, by marketsandmarkets.com

The industrial sugar market is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. Owing to the increase in demand for processed foods, consumer awareness and changing lifestyles drive the industrial sugar market.

Industrial Sugar Market

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Industrial Sugar Market

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Market Dynamics

Driver : Growing industrial beet sugar market

The industrial sugar market continues to grow rapidly. Key factors contributing to this growth are beet sugar, a significant industrial crop utilized in food processing and producing ethanol and biogas. Mainly in tropical countries, the sugar beet crop offers a valuable alternative to sugarcane. The industrial beet sugar market growth in production and consumption has historically showcased an upward trend. It is likely to develop at a rapid pace during the forecast period. Based on consumption in the industry, the beverages segment is anticipated to offer the highest market attractiveness in the global industrial beet sugar market. Furthermore, introducing a new class of customers and entering various new international players is expected to strengthen the growth of the industrial beet sugar industry globally during the forecast period.

Restraint : Rising demand for alternate sweeteners as sugar substitutes

MECAS/ISO (41) outlines major sweetener categories and types. The first division is between caloric and non-caloric sweeteners, with caloric further divided into sucrose (sugar), HFCS, glucose, dextrose, and crystalline fructose. Generally, non-caloric sweeteners are intensely sweet, owing to which only minute quantities are required for sweetening foods. However, different sweeteners have different applications according to their properties; hence, their ability to replace industrial sugar in various foods is difficult to predict. Moreover, high-intensity sweeteners (HIS) are not perfect substitutes for sugar in all products, which limits their usage, although some non-diet foodstuffs use a blend of sugar and HIS. As a sweetener, the major alternative sugar substitute is high fructose corn syrup (HFCS), which is often compared to industrial granulated sugar.

Opportunity: Access to new markets due to increasing cooperative sector

The cooperative sector is the sugar industry's largest component, including millions of farmers and thousands of operational mills. It has played a key role in developing the industrial sugar market and has been a critical component of key developing countries such as India. A strong farmer-miller relationship will be essential for developing productivity improvements. Given the scattered landholding structure, improvements in farm productivity can materialize only in the presence of a strong farmer-miller relationship. This will enable the mill to drive the adoption of better seed varieties, improve farm practices, and incentivize the mills to invest in extension services. A long farmer-miller relationship will also enable risk mitigation for both. The off-take risk for farmers will be addressed through assured cane off-take by the mill; and mills, on the other hand, would be assured of cane supplies. The relationship will enable farmers to access credit from banks based on off-take guarantees provided by the mills. The availability of crop insurance to protect against crop failure risk would also be encouraged by mills and may be partially funded.

Challenge : The increasing cost of sugar production

According to a report by the International Sugar Organization, the average cost of producing sugar in the 2020-2021 season was around 21 cents per pound, up from about 18 cents per pound in the 2016-2017 season. The report also noted that the cost of production has been increasing faster than the price of sugar, which has put pressure on sugar producers' profitability. The increase in the cost of sugar production can be attributed to various factors such as rising labor costs, energy costs, raw material costs, environmental regulations, and climate change. Also, with a decline in the opportunities for low-cost production due to wage inflation, growth in costs associated with the investment in infrastructure, and a decrease in cultivable land, there has been an increase in the marginal cost of production, resulting in decreased profit margins.

Industrial Sugar Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of industrial sugar. These companies have been operating in the market for several years and possess state-of-the-art technologies, a diversified product portfolio, and strong global sales and marketing networks. Prominent companies in this market include Südzucker AG (Germany), Cargill, Inc. (US), Associated British Foods plc (UK), Raízen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), AMERICAN CRYSTAL SUGAR (US), Louis Dreyfus Company (Netherlands), Tereos (France), and Michigan Sugar Company (US).

Industrial Sugar Market Size, and Share

Increased shelf life of syrup sugar to boost its use in the food industry

Syrup-based sugar is becoming increasingly popular for various reasons. For instance, it is easier to use in certain applications, such as beverages and baked goods, as it dissolves more quickly than granulated sugar and provides a smoother texture. It also has a longer shelf life than granulated sugar, making it a more practical choice for products with longer shelf lives. Furthermore, some consumers may perceive syrup sugar as a healthier alternative to granulated sugar due to its lower glycemic index and the fact that it is less processed. These factors contribute to the growing demand for syrup sugar in various industries.

Sugar beet cultivation promotes environmental sustainability and ensures local food security

The global demand for sugar is on the rise. Coupled with shifts in diet and lifestyle, this trend has led to Egypt's decision to augment its domestic sugar production by promoting the cultivation of sugar beet, which has a lower water consumption than sugarcane. Canal Sugar, a subsidiary of Al Khaleej Sugar Refinery located in Dubai, established the largest factory for the production of sugar beet worldwide in Egypt in 2020. The factory boasts an impressive annual output capacity of 900,000 tons, making a significant contribution to Egypt's sugar production efforts. Similarly, in 2021, Al Khaleej Sugar Refinery obtained approval for constructing a sugar beetroot factory in Spain, mirroring its efforts in Egypt, thus expanding its operations into the processing of sugar beets. This strategic move increases the company's influence beyond its existing reach in North Africa and the Middle East.

Asia Pacific is expected to dominate the industrial sugar market during the forecast period

Asia Pacific is the dominant market for industrial sugar and is projected to grow at the highest CAGR from 2023 to 2028. The application of sugar in the region is estimated to increase at a high pace due to the demand from the processed foods industry. China, India, Japan, and other Southeast Asian countries are the major countries covered in this study. The rising purchasing power, the rapid growth of the middle-class population, and the increasing consumer demand for processed products present promising prospects for growth and diversification in the region's food sector.

The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of sugar. The food processing sectors in countries such as China and India are export-oriented. The processing sector is of prime importance in these countries as players focus on technology adoption and automation. This is expected to positively impact the industrial sugar market in the region.

Industrial Sugar Market Size, and Share

Key Market Players

The key players in this include Südzucker AG (Germany), Cargill, Inc. (US), Associated British Foods plc (UK), Raízen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), AMERICAN CRYSTAL SUGAR (US), Louis Dreyfus Company (Netherlands), Tereos (France), and Michigan Sugar Company (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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Scope of the Report

Report Metric

Details

Market size estimation

2023–2028

Base year considered

2022

Forecast period considered

2023–2028

Units considered

Value (USD Billion), Volume (KT)

Segments Covered

Type, Source, Form, Application, Region

Regions covered

North America, South America, Europe, Asia Pacific, and RoW

Companies studied

  • Südzucker AG (Germany)
  • Cargill, Inc. (US)
  • Associated British Foods plc (UK)
  • Raízen (Brazil)
  • Lantic Inc. (Germany)
  • Mitr Phol Group (Thailand)
  • AMERICAN CRYSTAL SUGAR (US)
  • Louis Dreyfus Company (Netherlands)
  • Tereos (France)
  • Michigan Sugar Company (US)
  • Dwarikesh Sugar Industries Limited (India)
  • Canal Sugar (Egypt)
  • Al Khaleej Sugar (Dubai)
  • Rajshree Sugars & Chemicals Limited (RSCL) (India)
  • Rana Group (India)
  • Shree Renuka Sugars Limited (India)
  • Upper Ganges Sugar & Industries Limited (India)
  • Bajaj Hindusthan Sugar Ltd. (India)
  • Nile Sugar (Egypt)
  • Bannari Amman Group (India)
  • Dhampur Bio Organics Limited (India)
  • Dhanraj Sugars Pvt. (India)
  • Thai Sugar Group (Thailand)
  • Mehta Group (India)
  • Dalmia Bharat Group (India)

Report Segmentation:

By Type

By Source

By Form

By Application

By Region

  • White sugar
  • Brown sugar
  • Liquid sugar
  • Sugarcane
  • Sugar beet
  • Granulated
  • Powdered
  • Syrup
  • Dairy products
  • Bakery products
  • Confectioneries
  • Beverages
  • Canned & Frozen Foods
  • Pharmaceutical
  • Other applications
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)
Recent Developments
  • In August 2022, Raízen, the world's largest sugar exporting company, and ASR Group, the world's largest refiner and marketer of cane sugar, announced a partnership that sets the standard for sustainable raw cane sugar supply chains globally.
  • In July 2021, Al Khaleej Sugar announced the construction of a new sugar factory in Merida, Spain. This expands the company's operations beyond the Middle East and North Africa, as it seeks to enter the sugar-beet processing industry. The company begun construction of the new factory in 2022 and invested approximately USD 590 million. The factory has a production capacity of up to 900,000 metric tons of sugar annually.
  • In February 2021, Raízen, an integrated energy company and a benchmark in biofuels and bioelectricity, signed a commercial agreement to incorporate the assets of Biosev, a Brazilian subsidiary of Louis Dreyfus Holding. The deal includes nine production units strategically located in Brazil (six in São Paulo, two in Mato Grosso do Sul, and one in Minas Gerais), with a total installed sugarcane processing capacity of up to 32 million tons. The agreement also includes power cogeneration, with an export capacity of up to 1.3 GWh of electricity/year, covering an area of 280,000 hectares of planted sugarcane.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2018–2022
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 2 INDUSTRIAL SUGAR MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS (TOP-DOWN APPROACH)
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 4 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS AND RISK ASSESSMENT 
    2.6 RECESSION IMPACT ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 2 INDUSTRIAL SUGAR MARKET SNAPSHOT, 2023 VS. 2028 (BY VOLUME) 
    FIGURE 5 MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 
    FIGURE 6 MARKET, BY APPLICATION, 2023 VS. 2028 (KT) 
    FIGURE 7 MARKET, BY FORM, 2023 VS. 2028 (KT) 
    FIGURE 8 MARKET, BY SOURCE, 2023 VS. 2028 (KT) 
    FIGURE 9 MARKET, BY REGION, 2022 (BY VOLUME) 
 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET 
           FIGURE 10 INCREASING USE OF INDUSTRIAL BEET SUGAR AND VALUE ADDITION OF SUGAR BY-PRODUCTS TO DRIVE GROWTH OF INDUSTRIAL SUGAR MARKET
    4.2 ASIA PACIFIC: MARKET, BY TYPE AND COUNTRY 
           FIGURE 11 WHITE SUGAR SEGMENT AND INDIA ACCOUNTED FOR SIGNIFICANT MARKET SHARE IN 2022
    4.3 MARKET, BY APPLICATION 
           FIGURE 12 BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028
    4.4 MARKET, BY TYPE 
           FIGURE 13 WHITE SUGAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.5 MARKET, BY FORM 
           FIGURE 14 GRANULATED SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028
    4.6 INDUSTRIAL SUGAR MARKET, BY SOURCE 
           FIGURE 15 SUGARCANE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC FACTORS 
           5.2.1 CONTRIBUTION OF TOP SUGAR-PRODUCING COUNTRIES TO GLOBAL SUGAR TRADE
                    TABLE 3 GLOBAL SUGAR TRADE, BY KEY SUGAR-PRODUCING COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
           5.2.2 RISE IN PRODUCTION OF SUGARCANE AND SUGAR BEET
                    TABLE 4 AREA HARVESTED FOR SUGAR BEET AND SUGARCANE PRODUCTION, 2018–2022 (THOUSAND HECTARES)
                    TABLE 5 SUGAR BEET AND SUGARCANE PRODUCTION, 2018–2022 (THOUSAND METRIC TONS)
    5.3 MARKET DYNAMICS 
           FIGURE 16 MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Rise in global consumption of sugar and growth in international trade
                    5.3.1.2 Increasing use of sugar by-products in industries
                               FIGURE 17 BY-PRODUCTS OF SUGARCANE
                    5.3.1.3 Rising use of beet sugar as raw material in beverage production
                               FIGURE 18 GLOBAL SUGAR BEET PRODUCTION, 2011–2021 (MILLION TONS)
           5.3.2 RESTRAINTS
                    5.3.2.1 Need for water-consuming monoculture production
                    5.3.2.2 Increasing popularity of alternate sweeteners as sugar substitutes
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growing need to explore potential of sugarcane crops using energy optimization
                    5.3.3.2 Increasing development of global sugar industry
                    5.3.3.3 Preferential trade agreements governing sugar imports
           5.3.4 CHALLENGES
                    5.3.4.1 Fluctuations in price and availability of sugar
                               FIGURE 19 FAIR AND REMUNERATIVE PRICE (FRP) OF SUGARCANE PAYABLE BY SUGAR FACTORIES IN INDIA, 2019–2023 (RS. PER QUINTAL)
                    5.3.4.2 High cost of producing sugar
 
6 INDUSTRY TRENDS (Page No. - 65)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           6.2.1 RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING
           6.2.2 MANUFACTURING
           6.2.3 DISTRIBUTION
           6.2.4 END USERS
                    FIGURE 20 VALUE CHAIN ANALYSIS
    6.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 21 SUPPLY CHAIN ANALYSIS
    6.4 MARKET MAP AND ECOSYSTEM ANALYSIS 
           6.4.1 DEMAND SIDE
           6.4.2 SUPPLY SIDE
                    FIGURE 22 ECOSYSTEM MAP
                    TABLE 6 ECOSYSTEM ANALYSIS
    6.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 
           6.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN INDUSTRIAL SUGAR MARKET
                    FIGURE 23 REVENUE SHIFT IMPACTING TRENDS/DISRUPTIONS IN INDUSTRIAL SUGAR MARKET
    6.6 TECHNOLOGICAL ANALYSIS 
           6.6.1 DIGITALIZATION
           6.6.2 GENETIC ENGINEERING
    6.7 PRICING ANALYSIS 
           6.7.1 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES
                    FIGURE 24 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES
                    TABLE 7 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES, 2022 (USD/TON)
                    FIGURE 25 AVERAGE SELLING PRICE, BY SUGAR TYPE, 2018–2021 (USD/TON)
                    TABLE 8 WHITE SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON)
                    TABLE 9 BROWN SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON)
                    TABLE 10 LIQUID SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON)
    6.8 PATENT ANALYSIS 
           FIGURE 26 NUMBER OF PATENTS GRANTED FOR INDUSTRIAL SUGAR, 2011–2022
           FIGURE 27 REGIONAL ANALYSIS OF PATENTS GRANTED FOR INDUSTRIAL SUGAR, 2019–2022
           TABLE 11 MAJOR PATENTS IN INDUSTRIAL SUGAR MARKET, 2019–2022
    6.9 TRADE ANALYSIS 
           6.9.1 EXPORT SCENARIO
                    FIGURE 28 EXPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2018–2021 (USD THOUSAND)
                    TABLE 12 EXPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2021 (USD THOUSAND)
           6.9.2 IMPORT SCENARIO
                    FIGURE 29 IMPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2018–2021 (USD THOUSAND)
                    TABLE 13 IMPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2021 (USD THOUSAND)
    6.10 KEY CONFERENCES & EVENTS 
           TABLE 14 KEY CONFERENCES & EVENTS, 2023
    6.11 CASE STUDIES 
           6.11.1 CASE STUDY 1: SUGARPHARM MADE SIGNIFICANT INVESTMENTS TO OVERCOME SUPPLY CHAIN AND REGULATORY CHALLENGES
           6.11.2 CASE STUDY 2: CARGILL UTILIZED ITS EXPERTISE TO IMPROVE TECHNOLOGY USED FOR MANUFACTURING NATURAL SWEETENERS
    6.12 TARIFF AND REGULATORY LANDSCAPE 
           6.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    6.12.1.1 North America: List of regulatory bodies, government agencies, and other organizations
                    6.12.1.2 Europe: List of regulatory bodies, government agencies, and other organizations
                    6.12.1.3 Asia Pacific: List of regulatory bodies, government agencies, and other organizations
                    6.12.1.4 Rest of the World: List of regulatory bodies, government agencies, and other organizations
    6.13 REGULATORY FRAMEWORK 
           6.13.1 INTRODUCTION
           6.13.2 REGULATIONS, BY REGION
                    6.13.2.1 US
                    6.13.2.2 Europe
                    6.13.2.3 China
                    6.13.2.4 India
                    6.13.2.5 Brazil
    6.14 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 15 PORTER’S FIVE FORCES ANALYSIS
           6.14.1 INTENSITY OF COMPETITIVE RIVALRY
           6.14.2 THREAT FROM NEW ENTRANTS
           6.14.3 THREAT FROM SUBSTITUTES
           6.14.4 BARGAINING POWER OF SUPPLIERS
           6.14.5 BARGAINING POWER OF BUYERS
    6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS
                    TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS
           6.15.2 BUYING CRITERIA
                    FIGURE 31 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
                    TABLE 17 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
 
7 INDUSTRIAL SUGAR MARKET, BY FORM (Page No. - 91)
    7.1 INTRODUCTION 
           FIGURE 32 MARKET, BY FORM, 2023 VS. 2028 (USD BILLION)
           TABLE 18 MARKET, BY FORM, 2018–2022 (USD BILLION)
           TABLE 19 MARKET, BY FORM, 2023–2028 (USD BILLION)
           TABLE 20 MARKET, BY FORM, 2018–2022 (KT)
           TABLE 21 MARKET, BY FORM, 2023–2028 (KT)
    7.2 GRANULATED 
           7.2.1 GROWING DEMAND FOR PROCESSED FOODS TO BOOST GROWTH OF GRANULATED SUGAR
                    TABLE 22 GRANULATED: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 23 GRANULATED: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 24 GRANULATED: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 25 GRANULATED: MARKET, BY REGION, 2023–2028 (KT)
    7.3 POWDERED 
           7.3.1 POPULARITY OF BAKERY AND CONFECTIONERY PRODUCTS TO DRIVE POWDERED SUGAR MARKET IN DEVELOPING COUNTRIES
                    TABLE 26 POWDERED: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 27 POWDERED: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 28 POWDERED: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 29 POWDERED: MARKET, BY REGION, 2023–2028 (KT)
    7.4 SYRUP 
           7.4.1 INCREASED SHELF LIFE OF SYRUP SUGAR TO BOOST USE IN FOOD INDUSTRY
                    TABLE 30 SYRUP: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 31 SYRUP: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 32 SYRUP: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 33 SYRUP: MARKET, BY REGION, 2023–2028 (KT)
 
8 INDUSTRIAL SUGAR MARKET, BY SOURCE (Page No. - 99)
    8.1 INTRODUCTION 
           FIGURE 33 MARKET, BY SOURCE, 2023 VS. 2028 (KT)
           TABLE 34 MARKET, BY SOURCE, 2018–2022 (KT)
           TABLE 35 MARKET, BY SOURCE, 2023–2028 (KT)
    8.2 SUGARCANE 
           8.2.1 RISING CONSUMPTION OF BAKERY ITEMS TO PROPEL DEMAND FOR NATURAL AND NON-GMO SUGARCANE
                    TABLE 36 SUGARCANE: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 37 SUGARCANE: MARKET, BY REGION, 2023–2028 (KT)
    8.3 SUGAR BEET 
           8.3.1 SUGAR BEET CULTIVATION TO PROMOTE ENVIRONMENTAL SUSTAINABILITY AND ENSURE LOCAL FOOD SECURITY
                    TABLE 38 SUGAR BEET: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 39 SUGAR BEET: MARKET, BY REGION, 2023–2028 (KT)
 
9 INDUSTRIAL SUGAR MARKET, BY TYPE (Page No. - 104)
    9.1 INTRODUCTION 
           FIGURE 34 MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION)
           TABLE 40 MARKET, BY TYPE, 2018–2022 (USD BILLION)
           TABLE 41 MARKET, BY TYPE, 2023–2028 (USD BILLION)
           TABLE 42 MARKET, BY TYPE, 2018–2022 (KT)
           TABLE 43 MARKET, BY TYPE, 2023–2028 (KT)
    9.2 WHITE SUGAR 
           9.2.1 VERSATILITY AND AVAILABILITY OF WHITE SUGAR TO DRIVE ITS POPULARITY AS IMPORTANT INGREDIENT IN FOOD INDUSTRY
                    TABLE 44 WHITE SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 45 WHITE SUGAR: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 46 WHITE SUGAR: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 47 WHITE SUGAR: MARKET, BY REGION, 2023–2028 (KT)
    9.3 BROWN SUGAR 
           9.3.1 POPULARITY OF BROWN SUGAR EXPECTED TO RISE WITH CONSUMERS SEEKING HEALTHY AND ETHICAL FOOD OPTIONS
                    TABLE 48 BROWN SUGAR: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 49 BROWN SUGAR: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 50 BROWN SUGAR: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 51 BROWN SUGAR: MARKET, BY REGION, 2023–2028 (KT)
    9.4 LIQUID SUGAR 
           9.4.1 ADAPTABILITY AND CONSISTENCY OF LIQUID SUGAR TO ENHANCE USE IN FOOD SECTOR
                    TABLE 52 LIQUID SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 53 LIQUID SUGAR: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 54 LIQUID SUGAR: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 55 LIQUID SUGAR: MARKET, BY REGION, 2023–2028 (KT)
 
10 INDUSTRIAL SUGAR MARKET, BY APPLICATION (Page No. - 112)
     10.1 INTRODUCTION 
               FIGURE 35 MARKET, BY APPLICATION, 2023 VS. 2028 (KT)
               TABLE 56 MARKET, BY APPLICATION, 2018–2022 (KT)
               TABLE 57 MARKET, BY APPLICATION, 2023–2028 (KT)
     10.2 DAIRY PRODUCTS 
             10.2.1 RISE IN POPULARITY OF CREAM, MILK, AND CHEESE TO DRIVE GROWTH OF INDUSTRIAL SUGAR MARKET
                       TABLE 58 DAIRY PRODUCTS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 59 DAIRY PRODUCTS: MARKET, BY REGION, 2023–2028 (KT)
     10.3 BAKERY PRODUCTS 
             10.3.1 INCREASED CONSUMPTION OF BAKERY PRODUCTS DUE TO RISING PER CAPITA INCOMES TO PROPEL MARKET FOR INDUSTRIAL SUGAR
                       TABLE 60 BAKERY PRODUCTS: MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 61 BAKERY PRODUCTS: MARKET, BY REGION, 2023–2028 (KT)
     10.4 CONFECTIONERY 
             10.4.1 RISING CONSUMPTION OF GUMMIES AND JELLIES AMONG YOUTH TO BOOST GROWTH OF INDUSTRIAL SUGAR
                       TABLE 62 CONFECTIONERY: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 63 CONFECTIONERY: MARKET, BY REGION, 2023–2028 (KT)
     10.5 BEVERAGES 
             10.5.1 INCREASING INCLINATION TOWARD REFRESHMENT DRINKS TO BOOST USE OF SUGAR IN BEVERAGES
                       TABLE 64 BEVERAGES: MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 65 BEVERAGES: MARKET, BY REGION, 2023–2028 (KT)
     10.6 CANNED & FROZEN FOODS 
             10.6.1 GROWING POPULARITY OF CANNED FRUITS AND ICE CREAMS TO DRIVE MARKET FOR INDUSTRIAL SUGAR
                       TABLE 66 CANNED & FROZEN FOODS: MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 67 CANNED & FROZEN FOODS: MARKET, BY REGION, 2023–2028 (KT)
     10.7 PHARMACEUTICALS 
             10.7.1 RISING USE OF HIGH-QUALITY SUGAR IN PHARMA FORMULATIONS TO BOOST GROWTH OF INDUSTRIAL SUGAR MARKET
                       TABLE 68 PHARMACEUTICALS: MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 69 PHARMACEUTICALS: MARKET, BY REGION, 2023–2028 (KT)
     10.8 OTHER APPLICATIONS 
               TABLE 70 OTHER APPLICATIONS: MARKET, BY REGION, 2018–2022 (KT)
               TABLE 71 OTHER APPLICATIONS: MARKET, BY REGION, 2023–2028 (KT)
 
11 INDUSTRIAL SUGAR MARKET, BY REGION (Page No. - 122)
     11.1 INTRODUCTION 
               FIGURE 36 MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)
               FIGURE 37 CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
     11.2 INDUSTRIAL SUGAR MARKET: RECESSION IMPACT 
             11.2.1 MAJOR RECESSION INDICATORS
                       FIGURE 38 MAJOR RECESSION INDICATORS
                       FIGURE 39 WORLD INFLATION RATE, 2011–2021
                       FIGURE 40 GLOBAL GDP, 2011–2021 (USD TRILLION)
                       FIGURE 41 RECESSION INDICATORS AND THEIR IMPACT ON INDUSTRIAL SUGAR MARKET
                       FIGURE 42 INDUSTRIAL SUGAR MARKET: EARLIER FORECAST VS. RECESSION FORECAST
                       TABLE 72 MARKET, BY REGION, 2018–2022 (USD BILLION)
                       TABLE 73 MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 74 MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 75 MARKET, BY REGION, 2023–2028 (KT)
     11.3 NORTH AMERICA 
             11.3.1 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 43 NORTH AMERICA: INFLATION RATE, BY COUNTRY, 2017–2021
                       FIGURE 44 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       TABLE 76 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2018–2022 (KT)
                       TABLE 77 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (KT)
                       TABLE 78 NORTH AMERICA: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 79 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 80 NORTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD BILLION)
                       TABLE 81 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 82 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 83 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (KT)
                       TABLE 84 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 85 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 86 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (KT)
                       TABLE 87 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (KT)
                       TABLE 88 NORTH AMERICA: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 89 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
             11.3.2 US
                       11.3.2.1 Production capacity expansion of manufacturers in US to boost growth of industrial sugar market
                                   TABLE 90 US: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 91 US: MARKET, BY FORM, 2023–2028 (KT)
             11.3.3 CANADA
                       11.3.3.1 Extensive distribution networks to boost sales of industrial sugar in Canada
                                   TABLE 92 CANADA: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 93 CANADA: MARKET, BY FORM, 2023–2028 (KT)
             11.3.4 MEXICO
                       11.3.4.1 Strong presence of packaged food industry and robust retail sector to drive industrial sugar market growth
                                   TABLE 94 MEXICO: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 95 MEXICO: MARKET, BY FORM, 2023–2028 (KT)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 45 ASIA PACIFIC: INFLATION RATE, BY COUNTRY, 2017–2021
                       FIGURE 46 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 47 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 97 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2023–2028 (KT)
                       TABLE 98 ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 99 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 100 ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (USD BILLION)
                       TABLE 101 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 102 ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 103 ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (KT)
                       TABLE 104 ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 105 ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 106 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (KT)
                       TABLE 107 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (KT)
                       TABLE 108 ASIA PACIFIC: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 109 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (KT)
             11.4.2 CHINA
                       11.4.2.1 Rising consumption of bakery and processed food products to drive growth of industrial sugar market
                                   TABLE 110 CHINA: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 111 CHINA: MARKET, BY FORM, 2023–2028 (KT)
             11.4.3 JAPAN
                       11.4.3.1 Japan’s flourishing food industry to drive demand for industrial sugar
                                   TABLE 112 JAPAN: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 113 JAPAN: MARKET, BY FORM, 2023–2028 (KT)
             11.4.4 INDIA
                       11.4.4.1 Supportive government policies to fuel market growth of industrial sugar
                                   TABLE 114 INDIA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 115 INDIA: MARKET, BY FORM, 2023–2028 (KT)
             11.4.5 AUSTRALIA & NEW ZEALAND
                       11.4.5.1 Improved sugarcane yields in recent years to boost production of industrial sugar
                                   TABLE 116 AUSTRALIA & NEW ZEALAND: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 117 AUSTRALIA & NEW ZEALAND: MARKET, BY FORM, 2023–2028 (KT)
             11.4.6 THAILAND
                       11.4.6.1 Expanding food & beverage industry of Thailand to boost adoption of industrial sugar
                                   TABLE 118 THAILAND: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 119 THAILAND: MARKET, BY FORM, 2023–2028 (KT)
             11.4.7 REST OF ASIA PACIFIC
                       TABLE 120 REST OF ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 121 REST OF ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (KT)
     11.5 EUROPE 
             11.5.1 EUROPE: RECESSION IMPACT
                       FIGURE 48 EUROPE: INFLATION RATE, BY COUNTRY, 2017–2021
                       FIGURE 49 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 50 EUROPE: MARKET SNAPSHOT
                       TABLE 122 EUROPE: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2018–2022 (KT)
                       TABLE 123 EUROPE: MARKET, BY COUNTRY, 2023–2028 (KT)
                       TABLE 124 EUROPE: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 125 EUROPE: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 126 EUROPE: MARKET, BY TYPE, 2018–2022 (USD BILLION)
                       TABLE 127 EUROPE: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 128 EUROPE: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 129 EUROPE: MARKET, BY FORM, 2023–2028 (KT)
                       TABLE 130 EUROPE: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 131 EUROPE: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 132 EUROPE: MARKET, BY APPLICATION, 2018–2022 (KT)
                       TABLE 133 EUROPE: MARKET, BY APPLICATION, 2023–2028 (KT)
                       TABLE 134 EUROPE: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 135 EUROPE: MARKET, BY SOURCE, 2023–2028 (KT)
             11.5.2 GERMANY
                       11.5.2.1 Rising sugar prices to affect overall industrial sugar market
                                   TABLE 136 GERMANY: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 137 GERMANY: MARKET, BY FORM, 2023–2028 (KT)
             11.5.3 FRANCE
                       11.5.3.1 Infrastructural modernization by major companies to boost industrial sugar market
                                   TABLE 138 FRANCE: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 139 FRANCE: MARKET, BY FORM, 2023–2028 (KT)
             11.5.4 UK
                       11.5.4.1 Rising popularity of confectionery and beverages to propel market for industrial sugar
                                   TABLE 140 UK: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 141 UK: MARKET, BY FORM, 2023–2028 (KT)
             11.5.5 ITALY
                       11.5.5.1 Rising demand for sugar-based products in food & beverage industry to drive growth of industrial sugar
                                   TABLE 142 ITALY: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 143 ITALY: MARKET, BY FORM, 2023–2028 (KT)
             11.5.6 SPAIN
                       11.5.6.1 Increasing investments by foreign players to set up sugar factories to boost adoption of sugar and sugar-related products
                                   TABLE 144 SPAIN: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 145 SPAIN: MARKET, BY FORM, 2023–2028 (KT)
             11.5.7 RUSSIA
                       11.5.7.1 Rising popularity of convenience products, such as bakery and beverages, to boost growth of industrial sugar
                                   TABLE 146 RUSSIA: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 147 RUSSIA: MARKET, BY FORM, 2023–2028 (KT)
             11.5.8 REST OF EUROPE
                       TABLE 148 REST OF EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 149 REST OF EUROPE: MARKET, BY FORM, 2023–2028 (KT)
     11.6 SOUTH AMERICA 
             11.6.1 SOUTH AMERICA: RECESSION IMPACT
                       FIGURE 51 SOUTH AMERICA: INFLATION RATE, BY COUNTRY, 2017–2021
                       FIGURE 52 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       TABLE 150 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (KT)
                       TABLE 151 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (KT)
                       TABLE 152 SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 153 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 154 SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD BILLION)
                       TABLE 155 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 156 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 157 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (KT)
                       TABLE 158 SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 159 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 160 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (KT)
                       TABLE 161 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (KT)
                       TABLE 162 SOUTH AMERICA: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 163 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
             11.6.2 BRAZIL
                       11.6.2.1 Favorable production conditions and strong distribution network to boost industrial sugar market
                                   TABLE 164 BRAZIL: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 165 BRAZIL: MARKET, BY FORM, 2023–2028 (KT)
             11.6.3 ARGENTINA
                       11.6.3.1 Price control impositions by government to drive growth of industrial sugar market
                                   TABLE 166 ARGENTINA: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 167 ARGENTINA: MARKET, BY FORM, 2023–2028 (KT)
             11.6.4 REST OF SOUTH AMERICA
                       TABLE 168 REST OF SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 169 REST OF SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (KT)
     11.7 REST OF THE WORLD 
             11.7.1 REST OF THE WORLD: RECESSION IMPACT
                       FIGURE 53 REST OF THE WORLD: INFLATION RATE, BY COUNTRY, 2017–2021
                       FIGURE 54 REST OF THE WORLD: RECESSION IMPACT ANALYSIS
                       TABLE 170 ROW: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT)
                       TABLE 171 ROW: MARKET, BY REGION, 2023–2028 (KT)
                       TABLE 172 ROW: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 173 ROW: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 174 ROW: MARKET, BY TYPE, 2018–2022 (USD BILLION)
                       TABLE 175 ROW: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 176 ROW: MARKET, BY FORM, 2018–2022 (KT)
                       TABLE 177 ROW: MARKET, BY FORM, 2023–2028 (KT)
                       TABLE 178 ROW: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 179 ROW: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 180 ROW: MARKET, BY APPLICATION, 2018–2022 (KT)
                       TABLE 181 ROW: MARKET, BY APPLICATION, 2023–2028 (KT)
                       TABLE 182 ROW: MARKET, BY SOURCE, 2018–2022 (KT)
                       TABLE 183 ROW: MARKET, BY SOURCE, 2023–2028 (KT)
             11.7.2 AFRICA
                       11.7.2.1 High domestic consumption of sugar to propel growth of industrial sugar market
                                   TABLE 184 AFRICA: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 185 AFRICA: MARKET, BY FORM, 2023–2028 (KT)
             11.7.3 MIDDLE EAST
                       11.7.3.1 Rising demand for bakery products to drive success of the market
                                   TABLE 186 MIDDLE EAST: MARKET, BY FORM, 2018–2022 (KT)
                                   TABLE 187 MIDDLE EAST: MARKET, BY FORM, 2023–2028 (KT)
 
12 COMPETITIVE LANDSCAPE (Page No. - 184)
     12.1 OVERVIEW 
     12.2 MARKET SHARE ANALYSIS 
               TABLE 188 MARKET SHARE ANALYSIS
     12.3 HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS 
               FIGURE 55 SEGMENTAL REVENUE ANALYSIS FOR KEY PLAYERS, 2018–2022 (USD BILLION)
     12.4 EVALUATION QUADRANT MATRIX FOR KEY PLAYERS 
             12.4.1 STARS
             12.4.2 PERVASIVE PLAYERS
             12.4.3 EMERGING LEADERS
             12.4.4 PARTICIPANTS
                       FIGURE 56 EVALUATION QUADRANT MATRIX FOR KEY PLAYERS, 2022
     12.5 INDUSTRIAL SUGAR MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 
               TABLE 189 COMPANY TYPE FOOTPRINT
               TABLE 190 COMPANY APPLICATION FOOTPRINT
               TABLE 191 COMPANY SOURCE FOOTPRINT
               TABLE 192 COMPANY FORM FOOTPRINT
               TABLE 193 COMPANY REGIONAL FOOTPRINT
               TABLE 194 OVERALL COMPANY FOOTPRINT
     12.6 EVALUATION QUADRANT MATRIX FOR OTHER PLAYERS 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 STARTING BLOCKS
             12.6.3 RESPONSIVE COMPANIES
             12.6.4 DYNAMIC COMPANIES
                       FIGURE 57 EVALUATION QUADRANT MATRIX FOR OTHER PLAYERS, 2022
                       TABLE 195 INDUSTRIAL SUGAR MARKET: DETAILED LIST OF OTHER PLAYERS
     12.7 COMPETITIVE SCENARIO 
             12.7.1 DEALS
                       TABLE 196 MARKET: DEALS, 2021–2022
             12.7.2 OTHERS
                       TABLE 197 MARKET: OTHERS, 2021
 
13 COMPANY PROFILES (Page No. - 200)
(Business overview, Products offered, Recent Developments, MNM view)*
     13.1 KEY PLAYERS 
             13.1.1 SÜDZUCKER AG
                       TABLE 198 SÜDZUCKER AG: BUSINESS OVERVIEW
                       FIGURE 58 SÜDZUCKER AG: COMPANY SNAPSHOT
                       TABLE 199 SÜDZUCKER AG: PRODUCTS OFFERED
             13.1.2 CARGILL, INC.
                       TABLE 200 CARGILL, INC.: BUSINESS OVERVIEW
                       FIGURE 59 CARGILL, INC.: COMPANY SNAPSHOT
                       TABLE 201 CARGILL, INC.: PRODUCTS OFFERED
                       TABLE 202 CARGILL, INC.: OTHERS
             13.1.3 ASSOCIATED BRITISH FOODS PLC
                       TABLE 203 ASSOCIATED BRITISH FOODS PLC: INDUSTRIAL SUGAR MARKET BUSINESS OVERVIEW
                       FIGURE 60 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
                       TABLE 204 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERED
             13.1.4 RAÍZEN
                       TABLE 205 RAÍZEN: BUSINESS OVERVIEW
                       FIGURE 61 RAÍZEN: COMPANY SNAPSHOT
                       TABLE 206 RAÍZEN: PRODUCTS OFFERED
                       TABLE 207 RAÍZEN: DEALS
             13.1.5 LANTIC INC.
                       TABLE 208 LANTIC INC.: BUSINESS OVERVIEW
                       FIGURE 62 LANTIC INC.: COMPANY SNAPSHOT
                       TABLE 209 LANTIC INC.: PRODUCTS OFFERED
             13.1.6 MITR PHOL GROUP
                       TABLE 210 MITR PHOL GROUP: BUSINESS OVERVIEW
                       TABLE 211 MITR PHOL GROUP: PRODUCTS OFFERED
             13.1.7 AMERICAN CRYSTAL SUGAR COMPANY
                       TABLE 212 AMERICAN CRYSTAL SUGAR COMPANY: BUSINESS OVERVIEW
                       TABLE 213 AMERICAN CRYSTAL SUGAR COMPANY: PRODUCTS OFFERED
             13.1.8 LOUIS DREYFUS COMPANY
                       TABLE 214 LOUIS DREYFUS COMPANY: BUSINESS OVERVIEW
                       FIGURE 63 LOUIS DREYFUS COMPANY: COMPANY SNAPSHOT
                       TABLE 215 LOUIS DREYFUS COMPANY: PRODUCTS OFFERED
             13.1.9 TEREOS
                       TABLE 216 TEREOS: BUSINESS OVERVIEW
                       FIGURE 64 TEREOS: COMPANY SNAPSHOT
                       TABLE 217 TEREOS: PRODUCTS OFFERED
             13.1.10 MICHIGAN SUGAR COMPANY
                       TABLE 218 MICHIGAN SUGAR COMPANY: BUSINESS OVERVIEW
                       TABLE 219 MICHIGAN SUGAR COMPANY: PRODUCTS OFFERED
             13.1.11 DWARIKESH SUGAR INDUSTRIES LIMITED
                       TABLE 220 DWARIKESH SUGAR INDUSTRIES LIMITED: INDUSTRIAL SUGAR MARKET BUSINESS OVERVIEW
                       FIGURE 65 DWARIKESH SUGAR INDUSTRIES LIMITED: COMPANY SNAPSHOT
                       TABLE 221 DWARIKESH SUGAR INDUSTRIES LIMITED: PRODUCTS OFFERED
             13.1.12 CANAL SUGAR
                       TABLE 222 CANAL SUGAR: BUSINESS OVERVIEW
                       TABLE 223 CANAL SUGAR: PRODUCTS OFFERED
             13.1.13 AL KHALEEJ SUGAR
                       TABLE 224 AL KHALEEJ SUGAR: BUSINESS OVERVIEW
                       TABLE 225 AL KHALEEJ SUGAR: PRODUCTS OFFERED
             13.1.14 RAJSHREE SUGARS & CHEMICALS LIMITED (RSCL)
                       TABLE 226 RAJSHREE SUGARS & CHEMICALS LIMITED (RSCL): BUSINESS OVERVIEW
                       TABLE 227 RAJSHREE SUGARS & CHEMICALS LIMITED (RSCL): PRODUCTS OFFERED
             13.1.15 RANA GROUP
                       TABLE 228 RANA GROUP: BUSINESS OVERVIEW
                       TABLE 229 RANA GROUP: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     13.2 OTHER PLAYERS 
             13.2.1 SHREE RENUKA SUGARS
             13.2.2 UPPER GANGES SUGAR & INDUSTRIES LIMITED
             13.2.3 BAJAJ HINDUSTHAN SUGAR LTD.
             13.2.4 NILE SUGAR
             13.2.5 BANNARI AMMAN GROUP
             13.2.6 DHAMPUR BIO ORGANICS LIMITED
             13.2.7 DHANRAJ SUGARS PVT. LTD.
             13.2.8 THAI SUGAR GROUP
             13.2.9 MEHTA GROUP
             13.2.10 DALMIA BHARAT GROUP
 
14 ADJACENT & RELATED MARKETS (Page No. - 238)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
     14.3 SUGAR SUBSTITUTES MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
             14.3.3 SUGAR SUBSTITUTES MARKET, BY APPLICATION
                       TABLE 230 SUGAR SUBSTITUTES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 231 SUGAR SUBSTITUTES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     14.4 SUGAR TOPPINGS MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
             14.4.3 SUGAR TOPPINGS MARKET, BY TYPE
                       TABLE 232 SUGAR TOPPINGS MARKET, BY TYPE, 2014–2021 (USD MILLION)
 
15 APPENDIX (Page No. - 241)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

This research involves the extensive use of secondary sources; directories; and databases (Bloomberg and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the industrial sugar market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the AFND (Association of Health Food Nutrition and Dietetics), USDA (United States Department of Agriculture), FDA (US Food and Drug Administration), ANA (American Nutrition Association), and American Society for Nutrition were referred to identify and collect information for this study. The secondary sources also include clinical studies and journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Primary Research

The industrial sugar market comprises several stakeholders, including industrial sugar manufacturers, suppliers and organizations in the supply chain. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, industrial sugar distributors and wholesalers, importers & exporters of industrial sugar, and industrial sugar manufacturers. Primary sources from the demand side include key opinion leaders, executives, vice presidents, and CEOs of sports and golf landscape-developing companies through questionnaires, emails, and telephonic interviews.

Industrial Sugar Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the industrial sugar market. These approaches were extensively used to determine the size of the subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • Top-down approach:
    • The key industry and market players were identified through extensive secondary research.
    • The industry's supply chain and market size were determined through primary and secondary research.
    • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
    • The adjacent market—the sugar substitutes and sugar topping market—was considered to validate further the market details of industrial sugar.
  • Bottom-up approach:
    • The market size was analyzed based on the share of each type of industrial sugar and its penetration within the application and form at regional and country levels. Thus, the global market was estimated with a bottom-up approach of the type at the country level.
    • Other factors include demand within the supply chain including the food industry; function trends; pricing trends; adoption rate and price factors; patents registered; and organic and inorganic growth attempts.
  • All macroeconomic and microeconomic factors affecting the industrial sugar market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Market Size Estimation: Bottom-up approach

In the bottom-up approach, each country's market size for industrial sugar and the product types and application, including sports and recreational, was arrived at through secondary sources, such as annual reports, investor presentations, journals, and government publications. The bottom-up procedure was also implemented on the data extracted from secondary research to validate the market segment sizes obtained.

The penetration rate of each solution of industrial sugar as a percentage of the application sector in each country was calculated from secondary sources. Country-level data for industrial sugar were estimated based on the adoption rate of each solution of industrial sugar within the application sector. The mode of application of each product type was tracked via product mapping and studied for its penetration level to estimate the market size at the regional level. Each product type was studied for its commercially available mode of application and product type. The market size arrived at was further validated by primary respondents.

Industrial Sugar Market Size Estimation: Bottom-Up Approach

Industrial Sugar Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Market size estimation methodology: top-down approach

For the calculation of each type of specific market segment, the most appropriate, immediate parent and peer market sizes were used for implementing the top-down procedure.

Secondary reports from CropLife Europe, the US Environment Protection Agency, the Plant Protection Association of India, and the International Association for the Plant Protection Sciences were considered. Further, appropriate weightage was assigned to the data derived from each parameter to arrive at the final shares for each region. The regional demand-supply trends, presence of manufacturing units, and regulatory scenario were also analyzed to further validate the shares arrived at. These shares were then confirmed with primary respondents from across regions.

Industrial Sugar Market Size Estimation: Top-Down Approach

Industrial Sugar Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall industrial sugar market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

The industrial sugar market refers to the production, trade, and consumption of sugar as a raw material or ingredient in various industries, such as food and beverage, pharmaceuticals, cosmetics, and others. Industrial sugar is typically produced in large quantities from sugarcane or sugar beets and is used as a sweetener, preservative, or texturizer in various products. The market includes both white sugar and other forms of sugar such as brown sugar, liquid sugar, and powdered sugar, which are used in different industrial applications. The industrial sugar market is influenced by factors such as global supply and demand, government policies, technological advancements, and changing consumer preferences.

  • According to the USDA, sugar is defined as “any grade or type of saccharine products derived, directly or indirectly, from sugarcane, sugar beets, sugarcane molasses, sugar beet molasses or in-process beet sugar whether domestically produced or imported and consisting of, or containing, sucrose or invert sugar, including raw sugar, refined crystalline sugar, edible molasses, edible cane syrup, liquid sugar, and in-process cane sugar.

Key Stakeholders

  • Supply-side: Farmers and raw material suppliers, distributors, importers, and exporters
  • Demand-side: Manufacturers, millers, and corporate factory owners, and research organizations
  • Regulatory-side: International Sugar Organization (ISO), World Sugar Research Organization (WSRO), American Sugarbeet Growers Association, National Sugar Development Council in Nigeria, and Confederation of European Beet Growers.

Report Objectives

Market Intelligence

  • Determining and projecting the size of the industrial sugar market based on source, type, form, application, and region over a five-year period ranging from 2023 to 2028.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors based on the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different subsegments and regions.
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
  • To strategically profile the key players and comprehensively analyze their core competencies.
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the industrial sugar market

Competitive Intelligence

  • Identifying and profiling the key market players in the industrial sugar market
  • Providing a comparative analysis of the market leaders based on the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key region.
  • Analyzing the value chain and regulatory frameworks across regions and their impact on prominent market players
  • Providing insights into the key investments and product innovations and technology in the industrial sugar market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of Europe industrial sugar market, by key country
  • Further breakdown of the Rest of South America industrial sugar market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
May, 2023
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