Industrial Granulated Sugar Market to Reach USD 50 Billion by 2031, Driven by 5% CAGR and Surging Demand Across Food, Pharmaceutical, and Emerging Market: - Market Research Intellect
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The growing urbanization and changing consumer lifestyles have led to a higher demand for ready-to-eat and convenience foods, further boosting sugar consumption. Another significant driver is the expansion of the pharmaceutical and personal care sectors.
Granulated sugar is widely used in drug formulations for its properties as a stabilizer and excipient. In personal care, sugar is utilized in scrubs and other skincare products. The growing population, rising disposable incomes, and increased industrial applications in these sectors are contributing to sustained market demand. Advancements in sugar production technology and the shift towards organic and natural sweeteners are also influencing market growth.
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202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
Industrial Granulated Sugar Market Overview
Geographic Dominance:
The Asia-Pacific region is expected to maintain its dominance in the industrial granulated sugar market from 2024 to 2031, driven by rapid urbanization, population growth, and increasing disposable incomes. Key countries like China, India, and Indonesia are witnessing significant demand for processed foods and beverages, where sugar is a critical ingredient. The rising middle-class population in these countries is contributing to higher consumption of convenience foods, further fueling the market. In addition to Asia-Pacific, North America and Europe are also substantial markets, driven by a strong presence of food processing industries. However, both regions are seeing a gradual shift towards low-calorie and sugar-reduced alternatives due to increasing health awareness. Latin America, particularly Brazil, plays a key role as a major sugar producer, with a growing local demand for sugar in food products. Africa is also showing steady growth, supported by expanding industrial activities and rising food and beverage consumption across the continent.
Industrial Granulated Sugar Market Key Players Shaping the Future
Key players shaping the future of the industrial granulated sugar market include Associated British Foods plc, Tate & Lyle plc, Wilmar International Limited, Sudzucker AG, Cargill, Inc., Nordzucker AG, Tereos Group, American Sugar Refining, Inc., Cosan S.A., and Louis Dreyfus Company. These companies play a critical role in the market through innovation, production capacity, and strategic growth initiatives.
Industrial Granulated Sugar Market Segment Analysis
The Industrial Granulated Sugar market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.
1. By Type
2. By Application
3. By Geography
Manufacturing And Construction:
In the Manufacturing and Construction sectors, industrial granulated sugar plays a niche but important role, particularly in specific applications such as the production of adhesives and bioplastics. Sugar derivatives, especially when refined and processed, are used in the formulation of certain types of industrial adhesives, contributing to binding agents in construction materials. Additionally, the bio-based materials sector is exploring sugar as a renewable resource for creating sustainable alternatives to petroleum-based products, including bioplastics used in packaging and construction. As industries shift towards eco-friendly practices, sugar's biodegradable properties make it a viable component in developing sustainable construction materials. With increasing awareness and regulations around reducing carbon footprints, the construction industry is gradually adopting bio-based products, opening up new avenues for granulated sugar usage. While the scale of its use in manufacturing and construction is smaller compared to food and beverage or pharmaceutical industries, its potential in the growing bio-materials sector is expanding.
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