Market Research Future published a half cooked research report on global industrial sugar market which is estimated to grow more than 4.5% after 2022.
Industrial sugar is produced by the processing of carbohydrates obtained from the plant source. Majorly sucrose is procured as an industrial sugar and is widely known as table sugar. It is a disaccharide made up of glucose and fructose units.
The application of the industrial sugar is found to be high in the production of cakes, pastries, chocolates, candies, ice-creams, jams etc. Bakery products containing sugars undergo caramelization which helps in giving distinctive flavors to the baked products. Sugars are widely used in fermentation process to speed up the fermentative action of yeast and also to enhance the quality of the end product. Use of sugars in tablets and cough syrup has increased the demand of industrial sugars in pharmaceutical industries.
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Globally the industrial sugar market is mainly driven by rising demand of sweeteners in various industries. The increased production of sweetened cough syrups has raised the demand of industrial sugar on a global level. Table sugar is used commonly in house-hold applications for preparation of various food dishes which is also helping in raising the demand of the product on a commercial level.
The high demand of bakery and confectionery products in urban areas is also driving the market. Economic developments and reliabilities on new processing technologies are also helping in fueling up the market demand of the product.
These factors will play a key role in the growth of Industrial sugar market at the CAGR of 4.5% during 2016-2022.
Industrial sugar is used in cakes, pastries, jams, juices, ice-creams and also in the brewing of alcohol. It widely is as a sweetener and also as a preservative in food and beverage industries. The application of industrial sugar as a preservative in canned-food is increasing as it helps in protecting the food product from the moisture from the outer environment. The share of industrial sugar in brewing industries is experiencing a surge because of its use in enhancing the yeast fermentation rate to speed up the process. In addition, its potential application in confectionery is anticipated to grow at a higher rate due to the world wide increased demand of chocolates, candies and toffees etc.
The major key players in industrial sugar market are
- Sudzucker Group (Germany)
- British Sugar (U.K.)
- Tereos (France)
- Cargill Inc. (U.S.)
- Rogers Sugar Inc (Canada)
- Ingredion Incorporated (U.S.)
- Michigan Sugar (U.S.)
- Imperial Sugar Company (U.S.)
- Guangxi Guitang Group Co., Ltd (China)
- Rizhao Lingyunhai Sugar Group (China)
- COFCO Tunhe Co., Ltd. (China)
- Guangxi Fengtang Biochemistry Co., Ltd. (China)
- Guangxi Funan East Asia Sugar Co., Ltd (China)
- Bannari Amman Sugars Limited (India)
- Dwarikesh Sugars (India)
- Rajshree Sugars (India)
- Rana Sugars (India)
- Shree Renuka Sugars (India)
- Upper Ganges Sugar & Industries (India)
- Bajaj Hindustan Limited (India)
- Guangxi Guitang Group Co., Ltd (U.S.)
Key players in Industrial sugar market are mainly located in Europe and Asia-Pacific region. Key Players from Brazil, Thailand and China are following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand of industrial sugar. They are mainly focused on increasing their supply to established industries that have high demand of table sugar as their core sweetener.
The Global Industrial sugar Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Europe region has the major market share followed by Asia-Pacific. India and China are amongst the top producers of industrial sugar. Increasing demands of bakery and confectionery products is supporting growth of the market in developed countries of North America and Europe region. U.K., U.S., China, Germany and Indonesia are the major importers of industrial sugar.
Global industrial sugar market is segmented by source, type, form, application, products and region.
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