Industrial
sugar category include sweeteners that are used by the confectionery
manufacturers as well as in baking, catering, pharmaceuticals and
beverage industries. Industrial sugar offers wide range of sweetening
solutions to the manufacturers. Industrial sugar is an important
commodity that is traded in the international market. India is a
popular country where industrial sugar is cultivated and exported
across the globe. It is a sweet, soluble carbohydrate that is used in
adding to various food items. There are various types of industrial
sugar that are derived from various sources. The table sugar or the
granulated sugar is the most common form of sugar that our body
consumes, is customarily used as sucrose in the form of food
additives. Industrial Sugar beet is another major source of
industrial sugar that lately gained popularity in the market during
the 19th century. It is cultivated as a root crop in temperature
regions that experiences adequate rainfall with enough fertility for
the soil.
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Industrial
sugar is a booming commodity across the globe with challenging
factors that are driving the market. Rise in the average
international prices and the increase in the importance of
international trade of industrial sugar is resulting in the soaring
demand for industrial sugar. Moreover, the growth is predominantly
supplemented by the rising population and increasing consumption of
sweetened items. The rise in the confectionery products, especially
bakery items are fueling the higher usage of industrial sugar in the
market. However, certain restraints like the water consumption due
to monoculture production of industrial sugar are a major drawback
for the industrial sugar market globally. Additionally, the recent
changes in the trend of consuming alternate sweeteners or sugar
substitutes are adding up to the negative demand of the industrial
sugar market.
The
global industrial sugar market can be segmented on the basis of type,
application and source. On the basis of type, the industrial sugar
can be segmented into white sugar, brown sugar and liquid sugar.
Amongst these, the white industrial sugar is the commonly used type
of sugar in the market. Brown industrial sugar is popular in the
western countries and is available in sachets and jars. The growing
retail industry and expansion of product of portfolio of industrial
sugar are driving the global industrial sugar market in recent years.
On the basis of application, the industrial
sugar market can be segmented on the basis of dairy, bakery,
confectionery, beverage, canned and frozen foods and pharmaceuticals.
Dairy, bakery, confectionery and beverage are the most popular areas
in which huge amounts of sugar are used on a daily basis.
Furthermore, by source the industrial sugar market can be segmented
into cane sugar and beet sugar. Cane sugar is the most popular and
common source of industrial; sugar globally. This has resulted in the
increase in demand of sugarcane in the international market.
Geographically,
industrial sugar is expected to be a leading market across the globe.
Regions like North America and Europe are the largest consumers of
these type of products and the same is being propagated in to the
developing regions like Asia- Pacific and Latin America. Recently the
developing regions have been in great demand by the producers and the
trend of such consumption is passing on to the developing countries.
The growing South African industrial sugar infused products has
created an increasing demand for the industrial sugar market in
recent years. Nevertheless, the size of the population and the rate
of change in consumption pattern are pushing the demand for
industrial sugar consumption. However, the increase in demand for
industrial sugar in Asia Pacific has increased due to the higher
consumption of confectionery products. Therefore, Asia Pacific
industrial sugar is expected to grow at the highest rate during the
forecast period majorly due to the nutritional transition compounded
by lifestyle changes in the developing countries.
The
global market for industrial sugar is highly consolidated. The
prominent vendors in the industrial sugar market are Cargill
incorporation (U.S.), Archer Daniels Midland (U.S.), Raizen SA (
Brazil), Sudzucker AG ( Germany) , Tereos ( France) , Nordzucker
Group AG ( Germany), Tongaat Hulett Sugar South Africa Limited (
South Africa), Illovo Sugar (PTY) Limited ( South Africa), Dangotte
Group ( Nigeria), E.I.D Parry Limited ( India).
