The global sugar market reached a volume of 187.9 Million Tons in 2018. The market is further projected to reach 199.6 Million Tons by 2024, expanding at a CAGR of nearly 1% during 2019-2024. As per the analysis by IMARC Group, the top sugar manufacturing companies are experiencing a high demand for sugar, particularly from the pharmaceutical and the skincare industries. In the pharmaceutical sector, sugar finds wide applications in the production of cough syrups and other antibiotics. Apart from this, the skincare industry utilizes sugar, for preparing scrubs, based on its exfoliating properties. Also, several manufacturers also find extensive opportunities pertaining to the food and beverage industry where sugar is widely utilized in the production of distinctive flavoring agents, antioxidants, and preservatives. Moreover, the sugar companies are employing newer production technologies for bolstering the yield and quality of their products. This entitles the use of sugar for various diverse applications, for instance, as a natural pesticide in the agriculture sector. All the above-mentioned factors will continue to fuel the growth of the global sugar market in the upcoming years.
Associated British Foods Plc
Headquarter: London, United Kingdom
Associated British Foods Plc is a diversified group of businesses that majorly segmented as grocery, sugar, agriculture, ingredients, and retail. The company includes several subsidiaries, namely AB Sugar, Allied Bakeries, GWF, Jordans, Dorset, The Silver Spoon Company, Speedibake, Twinings, Westmill, AB Agri and PGP International, among various others. Amongst them, AB Sugar is a subsidiary of Associated British Foods that is associated with sugar production. The company, with an annual sale of US$ 17.5 Billion, has a global presence of across 52 countries with 138,000 employees onboard.
Headquarter: Sao Paulo, Brazil
Headquartered in Brazil, Cosan operates in the energy and logistics segments, with companies that specialize in fuel distribution, sugar production, ethanol and electricity, distribution of natural gas and lubricants, rail transportation, port lifting, and warehousing. The major subsidiaries of the company are Raizen, Comgas, Moove, and Rumo. The company’s subsidiary, Raizen Energia, a joint venture between Royal Dutch Shell and Cosan, generates very high polarization (VHP) sugar and organic and liquid sugar.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/sugar-manufacturing-plant/requestsample
Headquarter: Sao Paulo, Brazil
Biosev, a wholly owned subsidiary of Louis Dreyfus Company, is a sugar manufacturing company. The company’s product portfolio includes crystal sugar, liquid sugar, VHP sugar, and refined sugar. It also produces ethanol-based products, namely anhydrous ethanol, neutral ethanol, and fusel oil, along with energy generation. Biosev, with a global presence across 40 countries, employs more than 13,000 people.
Mitr Phol Sugar Corporation., Ltd.
Headquarter: Bangkok, Thailand
Mitr Phol Sugar, a Thailand-based sugar manufacturing company, holds various sugar production units across the country. The company’s product portfolio includes refined sugar, sugar-coated caramel, natural cane sugar, brown sugar, icy sugar, clear rock sugar, and golden syrup, among various others. In 2018, Mitr Phol Sugar accounted for annual revenue of US$ 2.38 Billion, with an employee strength of more than 6,000 people in Thailand.
Headquarter: Brunswick, Germany
Nordzucker AG is a European sugar manufacturer that produces crystal sugar, liquid sugar, syrups, fondants, as well as animal feed and molasses. The company, with an annual income of US$ 130.5 Million in 2018, has 18 production sites and refineries across Europe and employs around 3,200 employees.
Headquarter: Mannheim, Germany
Sudzucker is a sugar-producing company that also provides functional food ingredients, animal feed, portion packs, starch, and fruit juice concentrates. The company’s product portfolio comprises of variants of sugar for manufacturing jams, confectionery items, syrups, and for the sweetening of food items and beverages. Some of the company’s major brands includes Raffinerie Tirlemontoise, Saint Louis Sucre, AGRANA, Sudzucker AG, Südzucker Polska, and Hottlet Sugar Trading, among various others. The company, with annual revenue of US$ 7.4 Billion in 2018, has a global presence across 33 countries with an employee strength of 19,200 people.
Headquarter: Lille, France
Tereos produces and markets comprehensive ranges of sweetening solutions, including crystallized sugar, beet sugar, cane sugar, liquid sugar, special sugar, and many more. It also serves various industries, including the food and beverage, animal feed, and pharmaceutical industries. The company generated a net income of US$ 5.42 Billion in 2018 with around 26,000 employees and business operations across 18 countries.
Thai Roong Ruang Group
Headquarter: Bangkok, Thailand
Thai Roong Ruang Group is a sugar producer and exporter that operates around nine sugar producing units in Thailand. The company also engages in other business segments related to ethanol, molasses, biomass power, machinery, river wharf and warehouse. The sugar-based product portfolio of the company includes, white sugar, refined sugar, raw granulated sugar, caster sugar, natural sugar, and icing sugar. These products are majorly marketed under the brand name, LIN.
Wilmar International Limited
Wilmar International is engaged in the processing and merchandising of palm and lauric oils, along with sugar milling and refining. It holds a wide business portfolio that includes oil palm cultivation, oilseed crushing, edible oils refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel, and fertilizers as well as flour and rice milling. With more than 500 manufacturing units and over 90,000 workforces worldwide, Wilmar generated an annual revenue of US$ 44.5 Billion in 2018.
Headquarter: Minnesota, United States
Cargill is an American provider of various food ingredients, agriculture, animal nutrition and bio-industrial products. The company’s sugar-based product portfolio includes granulated sugar, liquid sucrose, Mexican Estandar Sugar, and Mexican refined sugar, Tapioca syrups, and zero calorie sweeteners, among various others. Cargill, with an annual income of US$ 3.2 Billion in 2018, has marked its presence across 125 countries with over 160,000 employees worldwide.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the sugar industry, which has enabled clients to set up and expand their businesses successfully.