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Europe Industrial Sugar Market By Type (White, Brown & Liquid), Form (Granulated, Powdered & Syrup), Application (Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Other Food Items & Pharmaceuticals), Source (Cane Sugar, Beet Sugar), And Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 6319
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Industrial Sugar Market Analysis:

Europe Industrial Sugar Market is anticipated to grow at 5.64% CAGR from 2021 to 2026 and it is estimated that the Europe market was valued at USD6.29 billion in 2021 and is expected to reach USD 8.37 billion by 2026

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.

Europe Industrial Sugar Market Drivers:

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.

Europe Industrial Sugar Market Segmentation:

The Europe 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 Europe 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 Germany, Italy, France, U.K. and Spain.

Prominent Key Players:

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.

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