Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKET SEGMENTATION 32
1.3.2 INCLUSIONS AND EXCLUSIONS 32
1.3.3 REGIONS COVERED 33
1.4 YEARS CONSIDERED 33
1.5 CURRENCY CONSIDERED 34
TABLE 1 USD EXCHANGE RATES, 2018–2022 34
1.6 UNITS CONSIDERED 34
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Key data from primary sources 38
2.1.2.2 Breakdown of primary interviews 39
2.1.2.3 Key industry insights 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 2 INDUSTRIAL SUGAR MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS (TOP-DOWN APPROACH) 41
2.2.1 BOTTOM-UP APPROACH 41
FIGURE 3 INDUSTRIAL SUGAR MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 42
2.3 DATA TRIANGULATION 43
FIGURE 4 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 LIMITATIONS AND RISK ASSESSMENT 45
2.6 RECESSION IMPACT ANALYSIS 45
3 EXECUTIVE SUMMARY 47
TABLE 2 INDUSTRIAL SUGAR MARKET SNAPSHOT, 2023 VS. 2028 (BY VOLUME) 47
FIGURE 5 INDUSTRIAL SUGAR MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 48
FIGURE 6 INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023 VS. 2028 (KT) 49
FIGURE 7 INDUSTRIAL SUGAR MARKET, BY FORM, 2023 VS. 2028 (KT) 49
FIGURE 8 INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023 VS. 2028 (KT) 50
FIGURE 9 INDUSTRIAL SUGAR MARKET, BY REGION, 2022 (BY VOLUME) 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL SUGAR MARKET 52
FIGURE 10 INCREASING USE OF INDUSTRIAL BEET SUGAR AND VALUE ADDITION OF SUGAR BY-PRODUCTS TO DRIVE GROWTH OF INDUSTRIAL SUGAR MARKET 52
4.2 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY TYPE AND COUNTRY 53
FIGURE 11 WHITE SUGAR SEGMENT AND INDIA ACCOUNTED FOR SIGNIFICANT MARKET SHARE IN 2022 53
4.3 INDUSTRIAL SUGAR MARKET, BY APPLICATION 53
FIGURE 12 BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028 53
4.4 INDUSTRIAL SUGAR MARKET, BY TYPE 54
FIGURE 13 WHITE SUGAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 54
4.5 INDUSTRIAL SUGAR MARKET, BY FORM 54
FIGURE 14 GRANULATED SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2028 54
4.6 INDUSTRIAL SUGAR MARKET, BY SOURCE 55
FIGURE 15 SUGARCANE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MACROECONOMIC FACTORS 56
5.2.1 CONTRIBUTION OF TOP SUGAR-PRODUCING COUNTRIES TO GLOBAL SUGAR TRADE 56
TABLE 3 GLOBAL SUGAR TRADE, BY KEY SUGAR-PRODUCING COUNTRY, 2018–2022 (THOUSAND METRIC TONS) 57
5.2.2 RISE IN PRODUCTION OF SUGARCANE AND SUGAR BEET 57
TABLE 4 AREA HARVESTED FOR SUGAR BEET AND SUGARCANE PRODUCTION, 2018–2022 (THOUSAND HECTARES) 57
TABLE 5 SUGAR BEET AND SUGARCANE PRODUCTION, 2018–2022 (THOUSAND METRIC TONS) 57
5.3 MARKET DYNAMICS 58
FIGURE 16 MARKET DYNAMICS 58
5.3.1 DRIVERS 58
5.3.1.1 Rise in global consumption of sugar and growth in international trade 58
5.3.1.2 Increasing use of sugar by-products in industries 59
FIGURE 17 BY-PRODUCTS OF SUGARCANE 59
5.3.1.3 Rising use of beet sugar as raw material in beverage production 60
FIGURE 18 GLOBAL SUGAR BEET PRODUCTION, 2011–2021 (MILLION TONS) 60
5.3.2 RESTRAINTS 61
5.3.2.1 Need for water-consuming monoculture production 61
5.3.2.2 Increasing popularity of alternate sweeteners as sugar substitutes 61
5.3.3 OPPORTUNITIES 62
5.3.3.1 Growing need to explore potential of sugarcane crops using energy optimization 62
5.3.3.2 Increasing development of global sugar industry 62
5.3.3.3 Preferential trade agreements governing sugar imports 63
5.3.4 CHALLENGES 63
5.3.4.1 Fluctuations in price and availability of sugar 63
FIGURE 19 FAIR AND REMUNERATIVE PRICE (FRP) OF SUGARCANE PAYABLE BY SUGAR FACTORIES IN INDIA, 2019–2023 (RS. PER QUINTAL) 64
5.3.4.2 High cost of producing sugar 64
6 INDUSTRY TRENDS 65
6.1 INTRODUCTION 65
6.2 VALUE CHAIN ANALYSIS 65
6.2.1 RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING 65
6.2.2 MANUFACTURING 66
6.2.3 DISTRIBUTION 66
6.2.4 END USERS 66
FIGURE 20 VALUE CHAIN ANALYSIS 66
6.3 SUPPLY CHAIN ANALYSIS 67
FIGURE 21 SUPPLY CHAIN ANALYSIS 67
6.4 MARKET MAP AND ECOSYSTEM ANALYSIS 68
6.4.1 DEMAND SIDE 68
6.4.2 SUPPLY SIDE 68
FIGURE 22 ECOSYSTEM MAP 68
TABLE 6 ECOSYSTEM ANALYSIS 69
6.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 70
6.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN INDUSTRIAL SUGAR MARKET 70
FIGURE 23 REVENUE SHIFT IMPACTING TRENDS/DISRUPTIONS IN INDUSTRIAL SUGAR MARKET 70
6.6 TECHNOLOGICAL ANALYSIS 71
6.6.1 DIGITALIZATION 71
6.6.2 GENETIC ENGINEERING 71
6.7 PRICING ANALYSIS 72
6.7.1 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES 72
FIGURE 24 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES 72
TABLE 7 AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS FOR SUGAR TYPES, 2022 (USD/TON) 72
FIGURE 25 AVERAGE SELLING PRICE, BY SUGAR TYPE, 2018–2021 (USD/TON) 73
TABLE 8 WHITE SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON) 73
TABLE 9 BROWN SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON) 74
TABLE 10 LIQUID SUGAR: AVERAGE SELLING PRICE, BY REGION, 2018–2022 (USD/TON) 74
6.8 PATENT ANALYSIS 75
FIGURE 26 NUMBER OF PATENTS GRANTED FOR INDUSTRIAL SUGAR, 2011–2022 75
FIGURE 27 REGIONAL ANALYSIS OF PATENTS GRANTED FOR INDUSTRIAL SUGAR, 2019–2022 75
TABLE 11 MAJOR PATENTS IN INDUSTRIAL SUGAR MARKET, 2019–2022 76
6.9 TRADE ANALYSIS 77
6.9.1 EXPORT SCENARIO 77
FIGURE 28 EXPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2018–2021 (USD THOUSAND) 77
TABLE 12 EXPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2021 (USD THOUSAND) 78
6.9.2 IMPORT SCENARIO 78
FIGURE 29 IMPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2018–2021 (USD THOUSAND) 79
TABLE 13 IMPORT VALUE OF SUGAR FOR KEY COUNTRIES, 2021 (USD THOUSAND) 79
6.10 KEY CONFERENCES & EVENTS 80
TABLE 14 KEY CONFERENCES & EVENTS, 2023 80
6.11 CASE STUDIES 80
6.11.1 CASE STUDY 1: SUGARPHARM MADE SIGNIFICANT INVESTMENTS TO OVERCOME SUPPLY CHAIN AND REGULATORY CHALLENGES 80
6.11.2 CASE STUDY 2: CARGILL UTILIZED ITS EXPERTISE TO IMPROVE TECHNOLOGY USED FOR MANUFACTURING NATURAL SWEETENERS 81
6.12 TARIFF AND REGULATORY LANDSCAPE 81
6.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
6.12.1.1 North America: List of regulatory bodies, government agencies, and other organizations 81
6.12.1.2 Europe: List of regulatory bodies, government agencies, and other organizations 82
6.12.1.3 Asia Pacific: List of regulatory bodies, government agencies, and other organizations 83
6.12.1.4 Rest of the World: List of regulatory bodies, government agencies, and other organizations 83
6.13 REGULATORY FRAMEWORK 84
6.13.1 INTRODUCTION 84
6.13.2 REGULATIONS, BY REGION 84
6.13.2.1 US 84
6.13.2.2 Europe 84
6.13.2.3 China 85
6.13.2.4 India 85
6.13.2.5 Brazil 86
6.14 PORTER?S FIVE FORCES ANALYSIS 87
TABLE 15 PORTER?S FIVE FORCES ANALYSIS 87
6.14.1 INTENSITY OF COMPETITIVE RIVALRY 87
6.14.2 THREAT FROM NEW ENTRANTS 87
6.14.3 THREAT FROM SUBSTITUTES 88
6.14.4 BARGAINING POWER OF SUPPLIERS 88
6.14.5 BARGAINING POWER OF BUYERS 88
6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 89
6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS 89
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS 89
6.15.2 BUYING CRITERIA 90
FIGURE 31 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 90
TABLE 17 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 90
7 INDUSTRIAL SUGAR MARKET, BY FORM 91
7.1 INTRODUCTION 92
FIGURE 32 INDUSTRIAL SUGAR MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 92
TABLE 18 INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 92
TABLE 19 INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 93
TABLE 20 INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 93
TABLE 21 INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 93
7.2 GRANULATED 93
7.2.1 GROWING DEMAND FOR PROCESSED FOODS TO BOOST GROWTH OF GRANULATED SUGAR 93
TABLE 22 GRANULATED: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 94
TABLE 23 GRANULATED: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 94
TABLE 24 GRANULATED: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 94
TABLE 25 GRANULATED: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 95
7.3 POWDERED 95
7.3.1 POPULARITY OF BAKERY AND CONFECTIONERY PRODUCTS TO DRIVE POWDERED SUGAR MARKET IN DEVELOPING COUNTRIES 95
TABLE 26 POWDERED: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 95
TABLE 27 POWDERED: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 96
TABLE 28 POWDERED: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 96
TABLE 29 POWDERED: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 96
7.4 SYRUP 97
7.4.1 INCREASED SHELF LIFE OF SYRUP SUGAR TO BOOST USE IN FOOD INDUSTRY 97
TABLE 30 SYRUP: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 97
TABLE 31 SYRUP: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 97
TABLE 32 SYRUP: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 98
TABLE 33 SYRUP: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 98
8 INDUSTRIAL SUGAR MARKET, BY SOURCE 99
8.1 INTRODUCTION 100
FIGURE 33 INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023 VS. 2028 (KT) 100
TABLE 34 INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 100
TABLE 35 INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 101
8.2 SUGARCANE 101
8.2.1 RISING CONSUMPTION OF BAKERY ITEMS TO PROPEL DEMAND FOR NATURAL AND NON-GMO SUGARCANE 101
TABLE 36 SUGARCANE: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 101
TABLE 37 SUGARCANE: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 102
8.3 SUGAR BEET 102
8.3.1 SUGAR BEET CULTIVATION TO PROMOTE ENVIRONMENTAL SUSTAINABILITY AND ENSURE LOCAL FOOD SECURITY 102
TABLE 38 SUGAR BEET: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 103
TABLE 39 SUGAR BEET: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 103
9 INDUSTRIAL SUGAR MARKET, BY TYPE 104
9.1 INTRODUCTION 105
FIGURE 34 INDUSTRIAL SUGAR MARKET, BY TYPE, 2023 VS. 2028 (USD BILLION) 105
TABLE 40 INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 105
TABLE 41 INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 106
TABLE 42 INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 106
TABLE 43 INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 106
9.2 WHITE SUGAR 106
9.2.1 VERSATILITY AND AVAILABILITY OF WHITE SUGAR TO DRIVE ITS POPULARITY AS IMPORTANT INGREDIENT IN FOOD INDUSTRY 106
TABLE 44 WHITE SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 107
TABLE 45 WHITE SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 107
TABLE 46 WHITE SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 107
TABLE 47 WHITE SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 108
9.3 BROWN SUGAR 108
9.3.1 POPULARITY OF BROWN SUGAR EXPECTED TO RISE WITH CONSUMERS SEEKING HEALTHY AND ETHICAL FOOD OPTIONS 108
TABLE 48 BROWN SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 108
TABLE 49 BROWN SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 109
TABLE 50 BROWN SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 109
TABLE 51 BROWN SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 109
9.4 LIQUID SUGAR 110
9.4.1 ADAPTABILITY AND CONSISTENCY OF LIQUID SUGAR TO ENHANCE USE IN FOOD SECTOR 110
TABLE 52 LIQUID SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 110
TABLE 53 LIQUID SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 110
TABLE 54 LIQUID SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 111
TABLE 55 LIQUID SUGAR: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 111
10 INDUSTRIAL SUGAR MARKET, BY APPLICATION 112
10.1 INTRODUCTION 113
FIGURE 35 INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023 VS. 2028 (KT) 113
TABLE 56 INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 113
TABLE 57 INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 114
10.2 DAIRY PRODUCTS 114
10.2.1 RISE IN POPULARITY OF CREAM, MILK, AND CHEESE TO DRIVE GROWTH OF INDUSTRIAL SUGAR MARKET 114
TABLE 58 DAIRY PRODUCTS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 114
TABLE 59 DAIRY PRODUCTS: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 115
10.3 BAKERY PRODUCTS 115
10.3.1 INCREASED CONSUMPTION OF BAKERY PRODUCTS DUE TO RISING PER CAPITA INCOMES TO PROPEL MARKET FOR INDUSTRIAL SUGAR 115
TABLE 60 BAKERY PRODUCTS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 115
TABLE 61 BAKERY PRODUCTS: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 116
10.4 CONFECTIONERY 116
10.4.1 RISING CONSUMPTION OF GUMMIES AND JELLIES AMONG YOUTH TO BOOST GROWTH OF INDUSTRIAL SUGAR 116
TABLE 62 CONFECTIONERY: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 116
TABLE 63 CONFECTIONERY: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 117
10.5 BEVERAGES 117
10.5.1 INCREASING INCLINATION TOWARD REFRESHMENT DRINKS TO BOOST USE OF SUGAR IN BEVERAGES 117
TABLE 64 BEVERAGES: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 117
TABLE 65 BEVERAGES: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 118
10.6 CANNED & FROZEN FOODS 118
10.6.1 GROWING POPULARITY OF CANNED FRUITS AND ICE CREAMS TO DRIVE MARKET FOR INDUSTRIAL SUGAR 118
TABLE 66 CANNED & FROZEN FOODS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 118
TABLE 67 CANNED & FROZEN FOODS: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 119
10.7 PHARMACEUTICALS 119
10.7.1 RISING USE OF HIGH-QUALITY SUGAR IN PHARMA FORMULATIONS TO BOOST GROWTH OF INDUSTRIAL SUGAR MARKET 119
TABLE 68 PHARMACEUTICALS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 119
TABLE 69 PHARMACEUTICALS: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 120
10.8 OTHER APPLICATIONS 120
TABLE 70 OTHER APPLICATIONS: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 120
TABLE 71 OTHER APPLICATIONS: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 121
11 INDUSTRIAL SUGAR MARKET, BY REGION 122
11.1 INTRODUCTION 123
FIGURE 36 INDUSTRIAL SUGAR MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 123
FIGURE 37 CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 124
11.2 INDUSTRIAL SUGAR MARKET: RECESSION IMPACT 124
11.2.1 MAJOR RECESSION INDICATORS 124
FIGURE 38 MAJOR RECESSION INDICATORS 125
FIGURE 39 WORLD INFLATION RATE, 2011–2021 125
FIGURE 40 GLOBAL GDP, 2011–2021 (USD TRILLION) 126
FIGURE 41 RECESSION INDICATORS AND THEIR IMPACT ON INDUSTRIAL SUGAR MARKET 127
FIGURE 42 INDUSTRIAL SUGAR MARKET: EARLIER FORECAST VS. RECESSION FORECAST 127
TABLE 72 INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (USD BILLION) 128
TABLE 73 INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (USD BILLION) 128
TABLE 74 INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 128
TABLE 75 INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 129
11.3 NORTH AMERICA 129
11.3.1 NORTH AMERICA: RECESSION IMPACT 129
FIGURE 43 NORTH AMERICA: INFLATION RATE, BY COUNTRY, 2017–2021 130
FIGURE 44 NORTH AMERICA: RECESSION IMPACT ANALYSIS 131
TABLE 76 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2018–2022 (KT) 131
TABLE 77 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2023–2028 (KT) 132
TABLE 78 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 132
TABLE 79 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 132
TABLE 80 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 132
TABLE 81 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 133
TABLE 82 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 133
TABLE 83 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 133
TABLE 84 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 133
TABLE 85 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 134
TABLE 86 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 134
TABLE 87 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 134
TABLE 88 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 135
TABLE 89 NORTH AMERICA: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 135
11.3.2 US 135
11.3.2.1 Production capacity expansion of manufacturers in US to boost growth of industrial sugar market 135
TABLE 90 US: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 135
TABLE 91 US: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 136
11.3.3 CANADA 136
11.3.3.1 Extensive distribution networks to boost sales of industrial sugar in Canada 136
TABLE 92 CANADA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 136
TABLE 93 CANADA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 136
11.3.4 MEXICO 137
11.3.4.1 Strong presence of packaged food industry and robust retail sector to drive industrial sugar market growth 137
TABLE 94 MEXICO: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 137
TABLE 95 MEXICO: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 137
11.4 ASIA PACIFIC 138
11.4.1 ASIA PACIFIC: RECESSION IMPACT 138
FIGURE 45 ASIA PACIFIC: INFLATION RATE, BY COUNTRY, 2017–2021 139
FIGURE 46 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 139
FIGURE 47 ASIA PACIFIC: MARKET SNAPSHOT 140
TABLE 97 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2023–2028 (KT) 141
TABLE 98 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 141
TABLE 99 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 142
TABLE 100 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 142
TABLE 101 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 142
TABLE 102 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 142
TABLE 103 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 143
TABLE 104 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 143
TABLE 105 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 143
TABLE 106 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 144
TABLE 107 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 144
TABLE 108 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 144
TABLE 109 ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 145
11.4.2 CHINA 145
11.4.2.1 Rising consumption of bakery and processed food products to drive growth of industrial sugar market 145
TABLE 110 CHINA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 146
TABLE 111 CHINA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 146
11.4.3 JAPAN 146
11.4.3.1 Japan’s flourishing food industry to drive demand for industrial sugar 146
TABLE 112 JAPAN: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 147
TABLE 113 JAPAN: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 147
11.4.4 INDIA 147
11.4.4.1 Supportive government policies to fuel market growth of industrial sugar 147
TABLE 114 INDIA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 148
TABLE 115 INDIA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 148
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Improved sugarcane yields in recent years to boost production of industrial sugar 148
TABLE 116 AUSTRALIA & NEW ZEALAND: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 149
TABLE 117 AUSTRALIA & NEW ZEALAND: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 149
11.4.6 THAILAND 149
11.4.6.1 Expanding food & beverage industry of Thailand to boost adoption of industrial sugar 149
TABLE 118 THAILAND: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 150
TABLE 119 THAILAND: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 150
11.4.7 REST OF ASIA PACIFIC 150
TABLE 120 REST OF ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 150
TABLE 121 REST OF ASIA PACIFIC: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 151
11.5 EUROPE 151
11.5.1 EUROPE: RECESSION IMPACT 151
FIGURE 48 EUROPE: INFLATION RATE, BY COUNTRY, 2017–2021 152
FIGURE 49 EUROPE: RECESSION IMPACT ANALYSIS 153
FIGURE 50 EUROPE: MARKET SNAPSHOT 154
TABLE 122 EUROPE: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2018–2022 (KT) 155
TABLE 123 EUROPE: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2023–2028 (KT) 155
TABLE 124 EUROPE: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 155
TABLE 125 EUROPE: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 156
TABLE 126 EUROPE: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 156
TABLE 127 EUROPE: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 156
TABLE 128 EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 156
TABLE 129 EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 157
TABLE 130 EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 157
TABLE 131 EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 157
TABLE 132 EUROPE: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 158
TABLE 133 EUROPE: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 158
TABLE 134 EUROPE: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 158
TABLE 135 EUROPE: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 159
11.5.2 GERMANY 159
11.5.2.1 Rising sugar prices to affect overall industrial sugar market 159
TABLE 136 GERMANY: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 159
TABLE 137 GERMANY: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 160
11.5.3 FRANCE 160
11.5.3.1 Infrastructural modernization by major companies to boost industrial sugar market 160
TABLE 138 FRANCE: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 161
TABLE 139 FRANCE: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 161
11.5.4 UK 161
11.5.4.1 Rising popularity of confectionery and beverages to propel market for industrial sugar 161
TABLE 140 UK: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 162
TABLE 141 UK: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 162
11.5.5 ITALY 162
11.5.5.1 Rising demand for sugar-based products in food & beverage industry to drive growth of industrial sugar 162
TABLE 142 ITALY: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 163
TABLE 143 ITALY: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 163
11.5.6 SPAIN 163
11.5.6.1 Increasing investments by foreign players to set up sugar factories to boost adoption of sugar and sugar-related products 163
TABLE 144 SPAIN: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 163
TABLE 145 SPAIN: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 164
11.5.7 RUSSIA 164
11.5.7.1 Rising popularity of convenience products, such as bakery and beverages, to boost growth of industrial sugar 164
TABLE 146 RUSSIA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 164
TABLE 147 RUSSIA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 165
11.5.8 REST OF EUROPE 165
TABLE 148 REST OF EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 165
TABLE 149 REST OF EUROPE: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 166
11.6 SOUTH AMERICA 166
11.6.1 SOUTH AMERICA: RECESSION IMPACT 166
FIGURE 51 SOUTH AMERICA: INFLATION RATE, BY COUNTRY, 2017–2021 167
FIGURE 52 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 168
TABLE 150 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2018–2022 (KT) 168
TABLE 151 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY COUNTRY, 2023–2028 (KT) 169
TABLE 152 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 169
TABLE 153 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 169
TABLE 154 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 169
TABLE 155 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 170
TABLE 156 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 170
TABLE 157 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 170
TABLE 158 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 170
TABLE 159 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 171
TABLE 160 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 171
TABLE 161 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 171
TABLE 162 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 172
TABLE 163 SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 172
11.6.2 BRAZIL 172
11.6.2.1 Favorable production conditions and strong distribution network to boost industrial sugar market 172
TABLE 164 BRAZIL: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 173
TABLE 165 BRAZIL: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 173
11.6.3 ARGENTINA 173
11.6.3.1 Price control impositions by government to drive growth of industrial sugar market 173
TABLE 166 ARGENTINA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 174
TABLE 167 ARGENTINA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 174
11.6.4 REST OF SOUTH AMERICA 174
TABLE 168 REST OF SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 175
TABLE 169 REST OF SOUTH AMERICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 175
11.7 REST OF THE WORLD 175
11.7.1 REST OF THE WORLD: RECESSION IMPACT 176
FIGURE 53 REST OF THE WORLD: INFLATION RATE, BY COUNTRY, 2017–2021 177
FIGURE 54 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 177
TABLE 170 ROW: INDUSTRIAL SUGAR MARKET, BY REGION, 2018–2022 (KT) 177
TABLE 171 ROW: INDUSTRIAL SUGAR MARKET, BY REGION, 2023–2028 (KT) 178
TABLE 172 ROW: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (KT) 178
TABLE 173 ROW: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (KT) 178
TABLE 174 ROW: INDUSTRIAL SUGAR MARKET, BY TYPE, 2018–2022 (USD BILLION) 178
TABLE 175 ROW: INDUSTRIAL SUGAR MARKET, BY TYPE, 2023–2028 (USD BILLION) 179
TABLE 176 ROW: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 179
TABLE 177 ROW: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 179
TABLE 178 ROW: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (USD BILLION) 179
TABLE 179 ROW: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (USD BILLION) 180
TABLE 180 ROW: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2018–2022 (KT) 180
TABLE 181 ROW: INDUSTRIAL SUGAR MARKET, BY APPLICATION, 2023–2028 (KT) 180
TABLE 182 ROW: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2018–2022 (KT) 181
TABLE 183 ROW: INDUSTRIAL SUGAR MARKET, BY SOURCE, 2023–2028 (KT) 181
11.7.2 AFRICA 181
11.7.2.1 High domestic consumption of sugar to propel growth of industrial sugar market 181
TABLE 184 AFRICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 182
TABLE 185 AFRICA: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 182
11.7.3 MIDDLE EAST 182
11.7.3.1 Rising demand for bakery products to drive success of industrial sugar market 182
TABLE 186 MIDDLE EAST: INDUSTRIAL SUGAR MARKET, BY FORM, 2018–2022 (KT) 183
TABLE 187 MIDDLE EAST: INDUSTRIAL SUGAR MARKET, BY FORM, 2023–2028 (KT) 183
12 COMPETITIVE LA