Asia Pacific Industrial Sugar market is anticipated to grow at 6.98% CAGR from 2018 to 2022 and it is estimated that the Asia Pacific market was valued at USD 14.25 billion in 2018 and is expected to reach USD 20.07 billion by 2023
Sugar is one of the most important commodities worldwide, as it is widely consumed in a variety of different foodstuffs. Sugar is considered as one of the most important commodities and is produced and consumed around the world, of which around 70% of production is consumed in domestic markets and only 30% is traded in the international markets.
The market is driven by factors such as rise in average international prices and importance of international trade, value addition of products from sugar cane by focusing on emerging by-products through integrated sugar complexes, expanding sugar crop production, growth in the industrial beet sugar market, consumption of packed food & beverage items, and the usage of sugar in healthy products such as low-calorie bakery and confectionery products. Bet that as it may, alternate sweeteners and water consuming monoculture production of industrial sugar are the major restraints of the industrial sugar market as this requires a lot of space for production of sugar, resulting in the destruction of natural rainforests, mangroves, and reduction in the areas of polyculture production.
The Asia Pacific Industrial Sugar market is segmented on the basis of Type, Form, Application, and Source. On the basis of type, the market is segmented into White, Brown, and Liquid. Factors such as rising demand for confectionery products, growing retail market, and expansion of product portfolio are driving the demand for industrial sugar. Changing consumer preferences about different products has led to an upsurge in the consumption of different food and beverage products. On the basis of Form, the market is segmented into Granulated, Powdered and Syrup. the granulated form is the most extensive type of industrial sugar used. This crystallized form of sugar is also used as a preservative for different end-use applications such as candied fruits, jams, and marmalades; thereby, increasing its functionality and driving its consumption. On the basis of Application, the market is segmented into Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Other Food Items & Pharmaceuticals. Confectionery is the largest and fastest growing segment during the forecast period due to its use in a wide variety of applications and consumption of confectionery products such as marmalade, chewing gum, sweets, candied nuts, chocolates, and chewing gum. The growing population and technological advancements in developing economies are expected to contribute extensively towards the growth of the industrial sugar market. On the basis of Source, the market is segmented Cane Sugar and Beet Sugar. Sugarcane production is higher than sugar beet production, as all the major developing countries are involved in the manufacturing of cane sugar.
Based on geography, the Industrial Sugar market is segmented into India, China, Japan, South Korea and Australia. Asia Pacific held the largest share of the market and is expected to grow at the highest rate. The growth in food consumption has been propelled by rapid urbanization and increased disposable incomes accompanied by a significant structural and dietary shift from staples to packed food items in the developing economies. India is one of the largest consumers of industrialized sugar and is projected to grow over a period of time as compared to other regions. India and China are the largest producer of sugar in this region.
The market is dominated by companies like Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos, Nordzucker Group AG, Tongaat Hulett Group, Illovo Sugar (Pty) Ltd, Dangote Group, and E.I.D Parry Limited.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Form
5.1.1 Introduction
5.1.2 Granulated
5.1.3 Powdered
5.1.4 Syrup
5.1.5 Y-o-Y Growth Analysis, By Form
5.1.6 Market Attractiveness Analysis, By Form
5.1.7 Market Share Analysis, By Form
5.2 Type
5.2.1 Introduction
5.2.2 White
5.2.3 Brown
5.2.4 Liquid
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Dairy
5.3.3 Bakery
5.3.4 Confectionery
5.3.5 Beverage
5.3.6 Canned & Frozen Foods
5.3.7 Other Food Items
5.3.8 Pharmaceuticals
5.3.9 Y-o-Y Growth Analysis, By Application
5.3.10 Market Attractiveness Analysis, By Application
5.3.11 Market Share Analysis, By Application
5.4 Source
5.4.1 Introduction
5.4.2 Cane Sugar
5.4.3 Beet Sugar
5.4.4 Y-o-Y Growth Analysis, By Source
5.4.5 Market Attractiveness Analysis, By Source
5.4.6 Market Share Analysis, By Source
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Form
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By Source
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Form
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By Source
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Form
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By Source
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cargill Incorporated
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniel Midland
8.3 Raizen SA
8.4 Sudzucker AG
8.5 Tereos
8.6 Nordzucker Group AG
8.7 Tongaat Hulett Group
8.8 Illovo Sugar (Pty) Ltd
8.9 Dangote Group
8.10 E.I.D Parry Limited.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
