Market Research Future/MRFR expects the organic sugar market to attain a strong CAGR of 16.30% from 2020 to 2027. MRFR also reveals that the market size shall reach USD 2.57 Bn by 2027.
Growth Boosters and Impediments
Organic sugars are natural products that are sourced, then processed, and packaged post a long and extensive list of stringent regulations. Items are given the organic certification primarily to protect the consumers’ health, and are hence, on a slightly higher scale of price. However, the surge in people’s spending power in view of improving economic standards would be a notable development in the global market in the next several years.
Heightened preference for healthier alternatives such as organic sugar is the result of surging knowledge among consumers about their link to a healthy lifestyle. The market’s prolific expansion is in response to the rising preference for fertilizer and chemical-free food products among consumers. Soaring preference for organic and natural products among consumers should present attractive opportunities to organic sugar manufacturers in the forthcoming years.
Government bodies across the globe encourage the sales of honey by funding various businesses via R&D, marketing, exports, and innovation. These campaigns and programs help organic sugar producers who are provided with mentoring and consulting services, and industry-based training. Therefore, it is anticipated that the government will play a huge role in market growth in subsequent years. Apart from this, the rising uptake of sustainable farming practises that makes use of lesser chemicals and pesticides will also favor the global industry.
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The market for organic sugar has been considered for source as well as applications.
Major applications of organic sugar are dairy & frozen desserts, beverages, bakery & confectionery, sweet & savory snacks, and more. Food manufacturers are increasingly using healthy and natural products to sweeten and render flavors to their products, given the host of health benefits. Organic sugar is also used in bakery products, cereals, confectionery, and ice creams.
The top sources of organic sugar market are sugar beet, sugarcane, and more. Sugar beets are considered to be a better alternative to other forms of sweeteners. Their extracts are also utilized for producing biofuel, in addition to various other applications. As a result, the sugar beet segment can procure the lead in the coming years. However, close to 85% of the global sugar is sourced from cane, and most of the organic sugars sold are derived from cane as well. The rise in the production rate of organic sugar sourced from sugarcane would ensure that the segment attains the fastest growth rate between 2020 and 2027.
Europe is slated to remain dominant throughout the analysis period. The region, in 2018, had accounted for the biggest share of 38.95% in the global market. The organic sugar industry in the region is mainstream and with the EU aggressively promoting production of organic items, the sales are expected to boom rapidly in the future. Germany stands as the highest gainer in the region and would capture a solid growth rate of 16.07% between 2020 and 2027.
Second place belongs to North America, emerging as a leading consumer of organic sugar. The product’s applications in a variety of drinks as well as various dairy products are significantly high, in the wake of rising health consciousness among the consumers. Thanks to the high health-consciousness in the US and surging preference for healthier alternatives, organic food and beverages such as organic sugar find a massive consumer base.
Asia Pacific shall experience the fastest growth from 2020 to 2027. Majority of the consumers in the region are growing concerned about the environmental effects of the traditional farming practises and are looking for organic products that are known for their milder environmental impact. In the region, Japan and China together formed more than 50% of the regional organic sugar industry in 2019.
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Eminent organic sugar manufacturers profiled in the MRFR analysis are LOC Industries, Inc. (US), Pronatec AG (Switzerland), Jalles Machado S / A (Brazil), Lexem India Pvt. Ltd. (India), Tereos S.A. (France), Bunge Limited (US), Südzucker AG (Germany), Azucarera La Felsina S.A. (Paraguay), Nordzucker AG (Germany), Cosan Ltd. (Brazil), and many more.
Health-Ade, a reputed gut health beverage company, introduces its latest, more advanced version of its prebiotic soda line called Health-Ade Pop. The popular brand has sweetened the drink using all-natural ingredients, including organic sugar sourced from sugarcane along with the monk fruit, to prevent a lingering aftertaste as well as the potential extreme gut health effects of artificial sweeteners such as Stevia.
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