Sugar
beet is a root vegetable generally used to produce sugar. Being rich
in nutrients and low in fat and calories, sugar beet is used in low
calorie and reduced fat diet. Companies involved in the production of
sugar using sugar beet are also using sugar beet by-product known as
dried beet pulp which is left when sugar is extracted from the sliced
sugar beet. This by-product is being provided in many forms such as
molasses dried, pelleted, and plain dried. Manufacturers are
supplying this by-product as a livestock feed. Meanwhile, beet
molasses is being used for producing chemicals, yeast, and
pharmaceuticals.
European
Food Safety Authority (EFSA) recently cleared genetically modified
sugar beet to be used in food, processing, feed imports, and for food
containing ingredients produced from it. Although, it has not been
authorized for cultivation within the EU. GM sugar beet is also being
considered for biofuel production. Meanwhile, regulatory agencies
across the world have also concluded that the white sugar whether
extracted from conventional sugar beet or from biotech sugar beets is
the same, with no difference in nutritional value or composition.
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A
new study by Transparency Market Research (TMR) projects the global
market for sugar beet to witness strong growth. It also projects the
market to register 6.5% CAGR during 2017-2026. The market is
estimated to reach US$ 50,420.1 million revenue by 2026 end.
Among
various products made using sugar beet, other end products consisting
pressmud, beet pulp, bagasse, and molasses are likely to gain more
than half of the revenue share by 2017 end. Meanwhile, raw sugar made
using sugar beet is projected to exceed US$ 10,900 million revenue.
Sugar beet molasses is being used as a de-icing agent on roads, as it
does not corrode. Moreover, sugar beet pulp and molasses are used as
a feed for livestock. These by-products from processing sugar beet
are also being used in commercial backing, alcohol production and
pharmaceuticals. Also, waste lime to increase soil pH levels is being
made from sugar beet by-products.
Beat
processing industry is likely to emerge as the largest user of the
sugar beet. By 2026 end, beat processing industry is projected to
surpass US$ 21,500 million revenue. Other than the rise in the
production of sugar from sugar beet, there has been a rise in the use
of by-product obtained by processing sugar beet. Hence, the beet
processing industry is accounting for the increasing using sugar
beet.
Europe
is likely to emerge as the largest region in the global market for
sugar
beet. Most of the sugar beet is cultivated in the northern
part of the Europe, due to the favorable climate suitable for growing
sugar beet. The countries contributing towards the sugar beet
production are France, U.K., Germany, and Poland. Moreover, in order
to support the sugar beet production and farmers, nearly eleven EU
countries have agreed to provide support sugar beet producers.
Meanwhile, North America is also likely to witness growth in the
sugar beet production in the coming years.
Agrana
Zucker Gmbh, Michigan Sugar Company, Amalgamated Sugar Company, LLC,
Southern Minnesota Beet Sugar Cooperative, Rana Sugar Ltd, Tereos,
Nordic Sugar A/S, Nippon Beet Sugar Manufacturing Co. Ltd., British
Sugar Plc, and American Crystal Sugar Company are some of the market
players in the global market for sugar beet.
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