Granulated Sugar Market Outlook:
Granulated sugar is a rich source of carbohydrates which soluble in nature. The sugar is made up of various sources like sugarcane, sugar beet, date palm, sorghum, and sugar maple, etc. For the production of sugar, sugarcane is widely used as a raw material across the globe. The industrial sugar is classified into powdered, granulated and syrup on the basis of product. The granulated sugar is also known as white sugar. Granulated sugar is used in the food & beverage industry, bakery and confectionery, it is a primary ingredient in the food & beverage industry. The demand for food applications is increasing rapidly all over the world which is growing demand for granulated sugar market. The number of players participating in granulated sugar industry is increasing. The increasing demand for granulated sugar and a growing number of manufacturers all over the world are the reasons for increasing the competitive level in the market. To save the position in granulated sugar market manufacturers are producing unique & innovative products in the market with attractive offerings.
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Increasing Demand In Food & Beverage Industry Is The Main Reason For Phenylalanine Market Growth:
Granulated sugar is used widely in bakery products like cookies, biscuits, cakes, pastry, muffins, jams, marmalades, etc. Granulated sugar is used in ice creams as well as chocolates. The chocolates and all bakery products are favorite amongst the children as well as old individuals. The sale of ice cream is increasing in the summer season. Granulated Sugar is a primary ingredient in these food items, without sugar it cannot be prepared. The demand for bakery products, chocolates, and ice creams are increasing rapidly and the production of these food items is forecasted to increase in the future. This helps to boost the demand for granulated sugar market. Granulated sugar is used in the beverage industry. Granulated sugar is used in alcoholic as well as non-alcoholic beverages. It is used for adding sweet taste and aroma in the beverage industry. The consumption of beverages is increasing which is growing the demand of granulated sugar market. As granulated sugar is one of the main ingredients in the food & beverage industry, the demand for the sources from which granulated sugar is prepared is also increasing. The demand for sugarcane crop is increasing so farmers are getting a good price for sugarcane crop in the market which is helping to increase per capita income.
Some individuals follow a strict diet for losing weight and those individuals avoid sugar intake because of which they suffer from the anemic condition, deficiency of vitamins and minerals as sugar is a rich source of energy and carbohydrates. Granulated sugar is used as a sweetener in tablets and syrups. The demand for tablets and syrups is increasing rapidly because of which granulated sugar is used in the pharmaceuticals industry widely which is boosting the growth of granulated sugar market. The increasing awareness about healthy lifestyle and nutritional food habits can affect the granulated sugar market. Sugar high amount of fats and calories which can affect the sale of granulated market.
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Granulated Sugar Market Segmentation:
On the basis of source, the granulated sugar market is segmented into:
- Sugarcane
- Sugar beet
- Date palm
- Sorghum
- Sugar maple
- Others
On the basis of product, the granulated sugar market is segmented into:
- Soft sugar
- Crystal sugar
- Others
On the basis of end use, the granulated sugar market is segmented into:
- Bakery Industry
- Beverage Industry
- Confectionery & Ice-Cream Industry
- Pharmaceutical Industry
- Others
Granulated Sugar Market: Regional Analysis:
Asia-Pacific is leading in the production of granulated sugar and it is expected to increase the production and plantation of sugarcane in the forecasted period. In Asia-Pacific mainly India, China, Indonesia are the producers of granulated sugar. Europe is dominating the production of beet sugar. The North-America is also expected to increase the production of granulated sugar in the near future.
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Granulated Sugar Market: Key Participants:
- Sudzucker
- C&H Sugar
- Lotus Health Group
- Ganzhiyuan
- Archer Daniels Midland Company
- Nordzucker Group AG
- Wilmar International Ltd
- Illovo Sugar Ltd
- Cargill
- Wholesome Sweeteners
- Nordic Sugar A/S
- D Parry Limited
- Wilmar International Ltd
- Mitr Phol Sugar Corp
- Nordzucker Group AG, Cosan SA
- Suedzucker AG