Global sugar market to be driven by the growing food industry in the forecast period of 2020-2025

by Matt Johnson
Posted: Nov 02, 2020

The new report by Expert Market Research titled, ‘Global Sugar Market Report and Forecast 2020-2025?, gives an in-depth analysis of the global sugar market, assessing the market based on its segments like types, forms, sources, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2015-2025)

Historical Market Size (2019): 175 million tons
Forecast CAGR (2020-2025): 1%
Forecast Market Size (2025): 186 million tons

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/sugar-market-report/requestsample

A significant increase in the food and beverage industry is the primary driver of the sugar market. Due to its diversified applications, sugar is an essential ingredient in this market. The rising demand for convenience foods, which usually have a large amount of sugar, due to hectic schedules, inflating disposable incomes, and shifting dietary models of the consumers, has also aided the industry growth. Moreover, rapid urbanisation and globalisation have led numerous global players to invest in emerging economies, thus, furthering the market growth. The rising preference for online food supply services is expected to boost the growth of the industry. The rising demand from the pharmaceutical industry is also expected to propel the sugar market forward in the coming years as sugar finds applications in antibiotics and syrup related medicines in the pharmaceutical sector.

Industry Definition and Major Segments

Sugar is a sweet crystalline material, primarily obtained from sugar cane and sugar beet, consisting of sucrose. It is widely being used as a sweetener for food and beverages.

The industry can be divided based on types into:

White
Brown
Liquid

By form, the industry can be segmented into:

Granulated
Powdered
Syrup

Based on the source, the industry is categorised into:

Sugar Beet
Sugarcane

On the basis of end-use, the industry is segmented into:

Food and Beverages
Pharma and Personal Care
Household
Others

The major regional markets for sugar include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

Due to its exfoliating properties, sugar is often used to manufacture scrubs in the skincare industry. In addition, organic cane sugar is also gaining widespread market preference. Some of the other trends contributing to the increased demand for sugar are the favourable regulatory policies surrounding sugar production, the easy access to various distribution channels, as well as the abundance of raw materials. The demand for sugar-based goods in emerging economies, including India, China, and the Middle East, is also showing strong growth, owing to rising disposable incomes, urbanisation, and changing food habits.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/sugar-market-report

Key Market Players

The major players in the market are Sudzucker AG, Tereos, Associated British Foods plc, Wilmar International Ltd, and Nordic Sugar A/S, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture

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Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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