Global Sugar Industry Report: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Sugar Industry Report
The global Sugar industry produced a volume of about 176.75 million tonnes in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around one percent, achieving a volume of around 187.62 million tonnes by 2027.
The Sugar industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Global output for Marketing Year 2021/22 is forecast to remain steady at 181 million tonnes, with growth in the European Union, India, Russia, and Thailand expected to offset a decline in Brazil. The Asia Pacific is the biggest category spender by region which is impelling the demand for the Sugar industry.
Sugar: Industry Definition and Segmentation
Scope
Sugar is a sweet material used in the food industry for a variety of functions. It acts as a preservative and inhibits microbial growth. It is also used to prevent the formation of large ice crystals in frozen foods such as ice cream. Sugar, on the other hand, encourages the fermentation of foods.
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The Sugar industry report comprises segments by:
- By Type: white, brown, and liquid
- By Geography: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
- By Application: Dairy, bakery, confectionery, beverage, canned and frozen foods, and pharmaceuticals
Snapshot of the Report
The regional market for the sugar industry can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Category Drivers
- The food and beverage industry is a major driver of sugar consumption and will benefit from its sugar business. It is widely utilised in the production of baking and confectionery products, dairy products, beverages, and other items.
- Furthermore, the market is predicted to expand in the long run. Sugar is also found in numerous pharmacological and cosmetic goods.
- Sugar is utilised in the pharmaceutical sector to manufacture antibiotics and cough syrups, but it is also employed in the beauty industry to make scrubs due to its exfoliating properties.
Category Insight by Region
- The market in South America and the Asia Pacific is rapidly expanding. The increasing use of new technologies in these regions, as well as the presence of key companies, are expected to provide the market with a multitude of prospective chances.
- Because of its expanding sugar demand, India is one of the world’s largest agricultural countries, giving it a great market to develop into.
- With new regulatory regulations and changes to current ones, farmers and millers have a higher chance of expanding their efforts toward cane sugar production and processing. Consumption is expected to rise as nations such as China, India, and Russia grow.
Best Procurement Practices
The Procurement Resource’s global sugar industry report gives an extensive analysis of the best buying practices followed by sugar supplying and consuming regions around the world, including engagement models, buyer, and supplier negotiation levers, and contract terms among others.
Category Management Analyses
The prominent companies in the market sugar are The Tereos Group, Nordzucker AG, E.I.D.- Parry (India) Limited, Südzucker AG, Archer Daniels Midland Company, Louis Dreyfus Company B.V., Raizen Energia S.A., Tongaat Hulett Sugar Limited, British Sugar plc.
The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.
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