The global industrial sugar market is
shaped by factors such as the average international price of
commodities, sugarcane products value addition by way of integrated
sugar complexes, industrial beet sugar market growth, and expanding
sugarcane production. In addition, the consumption trends of packaged
food & beverages and new innovations leading to the use of sugar
in products marketed as ‘health products’ should certainly
benefit the industrial sugar market. The industrial sugar market is
anticipated to witness a moderate CAGR of 4.7% for the period from
2017 to 2022.
The sweetener segment accounts for
approx. a third revenue share of the industrial use segment in the
year 2017 but is nonetheless predicted to lose share going forward.
The sweetener industrial segment is expected to be worth more than
US$ 35 billion by end 2022 and APEJ alone contributes two-fifth of
this. Sweeteners have become increasingly popular across demographics
and key stakeholders are advised to take this into consideration.
Bakery products are a close second and
represent a revenue share of just under a quarter of the industrial
sugar market in terms of industrial use. Companies could target the
Europe bakery products market as the continent is well-known for its
diverse range of tasty cakes and pastries all of which require a huge
amount of sugar sold in the industrial sugar market
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The confectionary segment is the third
largest in the industrial sugar market and is likely to lose share
during the course of the forecast period. Both the APEJ and MEA
region are predicted to record a robust CAGR in excess of 5% from
2017 to 2022 but the former is assessed to be nearly six times the
size of the latter by the end of 2022.
Beverages are a comparatively small
segment in the industrial sugar market and have a revenue share in
single digits. However, the beverages segment should grow in the
years ahead making it unwise to overlook this segment of the
industrial sugar market completely. The maximum potential for the
beverages segment thus exists in Europe and the APEJ regions
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Pharmaceuticals are an industrial use
segment that may require an increased use of industrial sugar in the
days ahead. Even though the pharmaceutical segment has a single digit
revenue share in the industrial sugar market, it is poised to witness
a robust CAGR during the period studied. The APEJ pharmaceutical
segment alone is assessed to push past a value of more than US$ 2.5
billion by the end of the five-year study and companies are
recommended to devise their long-term investment strategies
accordingly
The North America industrial sugar market
is projected to be worth more than US$ 10 billion by the end of the
forecast period
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The companies profiled in the industrial
sugar market report are Cosan SA Indústria e Comércio, Shree Renuka
Sugars Ltd., E.I.D.-Parry (India) Limited, American Crystal Sugar
Company, Wilmar International Limited, Louis Dreyfus Holding B.V,
Mitr Phol Sugar Corporation Limited, Tereos Internacional SA,
Associated British Foods, and Suedzucker AG
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