According to IMARC Group latest report titled “Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sugar market report. The market reached a volume of 185 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 206.6 Million Tons by 2027, exhibiting a CAGR of 1.8% during 2022-2027.
A sweet, crystalline substance that is obtained from sugarcane or sugar beet is referred to as sugar. It is a flavouring ingredient that gives a sweet flavour to a wide range of food preparations. It is used in the food business as a preservative agent to stop microbial development or unfavourable chemical changes from causing the food product to decompose. In addition to this, it is used to help foods retain moisture and speed up the fermentation process. Sugar’s high carbohydrate and calorie content gives the human body energy. As a result, it is used to make baked goods like cookies, sweets, soft beverages, dairy products, and milk.
Download free sample of the report: https://www.imarcgroup.com/sugar-manufacturing-plant/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends and Drivers:
The food and beverage sector’s rapid expansion is the main driver of the global market. Due to its wide range of uses, sugar is a crucial element in this sector. Sales of convenience meals, which typically contain a lot of sugar as a main ingredient, have been boosted by frantic work schedules, rising disposable income levels, and changing nutritional habits of the general population. A number of international players have also expanded their chains in developing economies as a result of the increased urbanisation and globalisation of these areas. This is boosting market expansion along with consumers’ increasing demand for online meal delivery services. In the pharmaceutical sector, sugar is also used to prepare antibiotics and syrup-based medications.
Moreover, it is also used in the preparation of scrubs in the skincare industry, owing to its exfoliating properties. Furthermore, organic cane sugar is also gaining widespread preference among consumers. Favorable regulatory policies pertaining to sugar production, the easy availability across various distribution channels and abundance of raw materials are some of the other factors contributing to the market growth.
Sugar Market Segmentation:
The report has segmented on the basis of Type, Form, Source, End Use and geography
Segmentation by Type
Segmentation by Form
Segmentation by End-Use Sector
Food and Beverages
Pharma and Personal Care
Segmentation by Source
Segmentation by Region
Who are the Major Sugar Key players?
The report provides a detailed analysis of the market leaders, including.
Mitr Phol Sugar Corporation., Ltd.,
Associated British Foods plc,
Biosev (Louis-Dreyfus Company BV),
The Thai Roong Ruang Group of Companies.
Key highlights of the report:
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Profiles of Key Players
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.