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Industrial Sugar Market Share

Report ID: GMI6394
Published Date: Aug 2023
Report Format: PDF

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Industrial Sugar Market Share

Some of the major companies operating in the industrial sugar market are:

Archer Daniels Midland Company (ADM)
Cargill
Incorporated
Raízen Energia S.A
Tereos
Wilmar International Limited
Sudzucker AG
Cosan S.A
Bunge Limited
Louis Dreyfus Company (LDC)
Nordzucker AG
Mitr Phol Sugar Corp
Thai Roong Ruang Group Co
Guangxi Guitang Group Co
Tongaat Hulett Sugar Ltd. - South Africa,
Shree Renuka Sugars Ltd.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of industrial sugar recorded USD 43.5 billion in 2022 is estimated to reach USD 72.9 billion by the end of 2032, due to increasing usage of sweetening agents in a wide range of products, including confectionery, soft drinks, baked goods, and dairy worldwide.

Demand for cane industrial sugar reached USD 13.7 billion in 2022 and is expected to grow exponentially through 2032, owing to widespread application in food and beverage processing, pharmaceuticals, and chemical production.

The food and beverage application segment held 40% revenue share in 2022 and is expected to witness significant growth by 2032, due to rapid adoption of sugar as a primary sweetener in a vast array of food and beverage products.

U.S. market was valued at USD 1 billion in 2022 and will see significant growth through 2032, attributed to the increasing use in the food and beverage industry.