Industrial Sugar Market Share

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 likely to hold largest revenue share by 2036, 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.

Frequently Asked Questions (FAQ)

Increasing production of sugarcane and sugar beet is the major factor driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021 â€“ 2029.

Health concerns associated with high sugar consumption and rising demand for sugar-based alternatives are estimated to hamper the market growth.

Asia Pacific will provide more business opportunities on the back of high consumption of sugar.

The major players in the market are Cargill, Incorporated, Nordzucker AG, E.I.D. Parry (India) Limited, The Tereos Group, and others.

Industrial Sugar Market Share