Industrial Sugar Market

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.

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Industrial Sugar 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 industry. 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

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Industrial sugar 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

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 industry 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.

Industrial Sugar Market Report Objectives

Market Intelligence

• Determining and projecting the size of the 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 industry
• 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 industry, by key country

Company Information

• Detailed analyses and profiling of additional market players