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Industrial Sugar Market Trends

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Growth Drivers

Challenges

Base Year	2023
Forecast Year	2024-2036
CAGR	5.2%
Base Year Market Size (2023)	USD 45.76 billion
Forecast Year Market Size (2036)	USD 88.45 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits: Parul Atri

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.

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