News | August 29, 2019

Sugar Market Nears $90 Billion By 2024 - Analysis By Type, Application, And Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--

The "Global Sugar Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.

The global sugar market is projected to grow at a CAGR of 2.9% to reach US$89.244 billion in 2024 from US$75.617 billion in 2018.

The high consumption of sweetened food and beverages worldwide is considered one of the drivers for the sugar market globally, on the other hand, fluctuations in the price and supply of sugar may hinder its growth. The sugar market has been segmented on the basis of type, application, and geography.

Geographically the Asia-Pacific region is assessed to have a high market growth for the sugar market due to the rise in disposable income as well as rapid urbanization of previously low-income sections along with improvement in the food and beverage industry in the regions.

In North America as well as the European region it is projected that these regions will hold a significant hold in the market during the forecasted time period due to high consumption of food, beverages, confectionaries, etc. In South America, Brazil is also anticipated to hold a significant share in the market owing to the fact it is one of the leading producers and exporters of sugar globally.

Major industry players profiled as part of the report are Cargill, Incorporated, Archer Daniels Midland Company, Raizen SA, Sudzucker, Tereos, Nordzucker AG, Tongaat Hulett Group, and Illovo Sugar (Pty) Ltd. among others.

Drivers

  • Increase in consumption of products containing sugar
  • Growth in sugar crop production
  • Rapid urbanization of low-income economies

Restraints

  • Availability of substitute sweeteners
  • Rising awareness of health concerns caused by consuming sugar
  • Fluctuation in the price and supply of sugar

Industry Update

  • In January 2019, Suedzucker one of the prominent producers of sugar in Europe has announced that they are planning to close down sugar production plants and also reduce their production volumes by up to around 700,000 tonnes per year.

Key Topics Covered

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter's Five Forces Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. GLOBAL SUGAR MARKET BY TYPE

5.1. Granular

5.2. Powder

5.3. Liquid

6. GLOBAL SUGAR MARKET BY APPLICATION

6.1. Dairy

6.2. Beverages

6.3. Confectionary and Bakery

6.4. Processed Food

6.5. Others

7. GLOBAL SUGAR MARKET BY GEOGRAPHY

7.1. North America

7.1.1. USA

7.1.2. Canada

7.1.3. Mexico

7.1.4. Others

7.2. South America

7.2.1. Brazil

7.2.2. Argentina

7.2.3. Others

7.3. Europe

7.3.1. Germany

7.3.2. France

7.3.3. United Kingdom

7.3.4. Spain

7.3.5. Others

7.4. Middle East and Africa

7.4.1. Saudi Arabia

7.4.2. Israel

7.4.3. Others

7.5. Asia-Pacific

7.5.1. China

7.5.2. Japan

7.5.3. South Korea

7.5.4. India

7.5.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Competitive Benchmarking and Analysis

8.2. Recent Investments and Deals

8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. Cargill, Incorporated

9.2. Archer Daniels Midland Company

9.3. Raizen S.A.

9.4. Sudzucker

9.5. Tereos

9.6. Nordzucker AG

9.7. Tongaat Hulett Group

9.8. Illovo Sugar (Pty) Ltd.

9.9. Dangote Group

9.10. E.I.D Parry Limited

9.11. Shree Renuka Sugars Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/8zxi4m


Copyright Business Wire 2019