Enquiry before buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Sugar Market
Global Sugar Market to Reach 217.2 Million Tons by 2028, Impelled by Increasing Utilization in Pharmaceuticals
July 05, 2022
According to the latest report by IMARC Group, titled "Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global sugar market reached a volume of
189.0 Million Tons in 2022. Sugar is a crystalline substance that is commonly prepared from sugar beet and sugarcane. It is characterized by small crystals that are transparent and colorless in appearance with a sweet taste. It is a form of carbohydrates usually containing hydrogen, carbon and oxygen molecules that can easily dissolve in water. Additionally, it is an essential source of energy for the human body to function since it contains glucose and fructose. Moreover, it is extensively used as a preservative and humectant that helps in preventing the growth of yeast, bacteria and molds on various food products.
Global Sugar Market Trends:
The global market is primarily driven by significant growth in the food and beverages industry. Along with this, the increasing utilization of sugar in the manufacturing of various pharmaceutical products for adding volume, coating and flavoring is creating a positive outlook for the market. Also, the rising usage of the product as an antioxidant agent in the production of antibiotics and cough syrups is providing an impetus to the market growth. Moreover, sugar is widely employed across the skincare industry in the formulation of face scrubs that help in removing scars and preventing acne, which is impacting the market growth positively. Other factors, including changing dietary patterns, the rising preferences for sugar-based products, especially among children, and easy product availability across online and offline organized distributed channels, are projected to drive the market growth further. On account of the aforementioned factors, the market is anticipated to reach a volume of
217.2 Million Tons by 2028, growing at a CAGR of
1.64% during 2023-2028.
Market Summary:
- On the basis of the product type, the market has been segmented into white sugar, brown sugar and liquid sugar. Among these, white sugar exhibits a clear dominance in the market.
- Based on the form, the market has been segregated into granulated sugar, powdered sugar and syrup sugar. Granulated sugar currently represents the biggest market segment.
- On the basis of the end use sector, the market has been classified into food and beverages, pharma and personal care and household. Currently, food and beverages account for the majority of the total market share.
- Based on the source, the market has been bifurcated into sugarcane and sugar beet. Among these, sugarcane holds the largest market share.
- On the basis of the regional insights, the market has been divided into Brazil, India, the United States, European Union, China, Thailand and others. Brazil holds the leading position in the global sugar market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Suedzucker AG, Tereos , Cosan, Mitr Phol Sugar Corporation., Ltd., Associated British Foods, Nordzucker AG, Biosev (Louis-Dreyfus), Wilmar International Limited and Thai Roong Ruang Group.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
Select Licence Type
Benefits of Customization
Personalize This Research
Triangulate with your Data
Get Data as per your Format and Definition
Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor
Any level of Personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
