According to the current analysis of Reports and Data, the Global Industrial Sugar Market is expected to reach USD 45.6 billion by the year 2027, in terms of value at a CAGR of 6.5% from 2020-2027. Industrial sugar is a flourishing commodity across the world that is driving the market. An increase in the usual international prices and the surge in the importance of international trade of sugar are resulting in the rising demand for industrial sugar. Furthermore, the progress is principally supplemented by the increasing population and the growing consumption of sweetened items. The growth in the confectionery products, especially bakery foods, are driving the higher usage of industrial sugar in the market. Nevertheless, certain limitations like water consumption due to monoculture production of industrial sugar is a foremost restraint for the industrial sugar market across the world. Additionally, the sudden impact of the COVID-19 pandemic will hinder the growth by halting production and disrupting the supply chain.
Pricing pressure of Industrial Sugar and increasing costs of sugar production are the significant challenges for the industrial sugar market growth.
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According to FAO, World sugar prices are predicted to stay low in the short term before rising moderately in the following years. By 2025, they will be higher than in 2018. The nominal world raw sugar price is forecasted at USD 342/t and USD 425/t for white sugar in 2025. The white sugar premium, although improving in the current period due to increasing import demand in Sudan and Myanmar, is foreseen to undergo a squeeze in 2018, as the abolition of the EU sugar quota allows for further one exports of white sugar on the world market. The resultant downward pressure on price will encourage producers to switch to exporting more raw sugar rather than white sugar, which in turn will stabilize the premium towards the end of the period (USD 83/t versus USD 85/t in 2018).
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Further key findings from the report suggest
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This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2027. For this study, Reports and Data have segmented the industrial sugar market into type, source, form, application, and region.
On the basis of Type, market is segmented as follows:
On the basis of Source, market is segmented as follows:
On the basis of Form, market is segmented as follows:
On the basis of Mode of Application, the market is segmented as follows:
On the basis of source, the market is segmented as follows:
Regional Outlook (Revenue, USD Million; 2017-2027)
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Key factors operating in the industrial sugar market are quantitatively and qualitatively assessed to study the global and regional markets. This market report gives actionable insights and other valuable data about the overall market to provide an exhaustive study based on market drivers and restraints to project future growth.
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