Industrial Sugar Industry - Regional Synopsis
APAC Market Statistics
On the basis of regional analysis, the industrial sugar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific industry is poised to dominate majority revenue share by 2037, owing to high consumption of sugar in numerous end user industries. India is a very significant market for industrial sugar mainly attributable to the large-scale production of sugarcane and mass consumption of sugar in the country. As per our analysis, more than 375 million tonnes of sugar cane were produced in India during 2019 – 2020. Apart from this, rapid urbanization has given rise to the growth of various foods and beverages-based industries in the region.
Latin American Market Analysis
On the other hand, the Latin American region is one of the top producers of industrial sugar and contributed to a significant portion of the industrial sugar market. Favorable climatic conditions play an important role in the production of industrial sugar and therefore this region is expected to be the second most significant contributor to the market.
