Global Beet Sugar Sales Market, By Application (Bakery, Confectionery, Dairy Industry, Beverage), By Function (Regular and Medical Conditions), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

Published:
June 2021
Report Code:
bwc20382
Available Format:
PDF PDF Icon
Pages:
146

beet sugar sales market report

Global Beet Sugar Sales Market Size - Industry Trends & Forecast Report 2027

 

The global beet sugar sales market was worth USD 4.50 Billion in 2020 and is further projected to reach USD 6.36 Billion by 2027, at a CAGR of 5.1% during 2021-2027 (forecast period). The demand for sugar substitutes is increasing due to changing climatic conditions, which is affecting sugar production. Moreover, advanced technology is also facilitating the development of genetically modified sugar beets that consume fewer pesticides and fertilizers. These are the primary factors that are driving the growth of the beet sugar sales market. Compared to extracted sweeteners, beet sugar is a better choice. The product's use in a variety of applications is likely to help the market's growth. Another factor contributing to the demand of beet sugar sales market is the rising popularity of convenience food. Since beet sugar is used as a natural sweetener to add color and flavor to various convenience food products, the growing acceptance of convenience food items is propelling the beet sugar sales market forward.

Source: BlueWeave Consulting

 

 

Global Beet Sugar Sales Market Overview:

Sugar beet is a root vegetable that is usually processed for manufacturing sugar. Sugar beet is a nutrient-dense food with low fat and calorie content. Because of the growing awareness regarding global health and nutrition among health and fitness-conscious consumers, the global beet sugar sales market is growing significantly. Furthermore, increasing focus on sugar beet farming and widespread use of sugar beet in many end-use sectors are two additional factors projected to boost the product's usage. . However, massive pollution caused by sugar beet crop cultivation may limit the market's expansion in the near future.

 

Global Beet Sugar Sales Market Forecast and Trends

Growth Drivers

Changing weather conditions

The production of sugar is heavily reliant on suitable weather conditions. Dry weather has an impact on sugarcane crops, resulting in lower output. For example, due to adverse meteorological conditions, India's sugar output decreased in 2019. Additionally, the Indian Sugar Mills Association revealed that 232.74 lakh tonnes of sugar had been produced by March 31, 2020, compared to 296.82 lakh tonnes by March 31, 2019, (a 64.08 lakh tonnes reduction). Because weather conditions frequently disrupt sugar production, there is an increasing demand for sugar substitutes around the world. Since sugar derived from beets is a superior option to extractive sweeteners, the demand for beet sugar is growing across the globe.

 

Rising consumer consciousness regarding health

Consumers' growing awareness regarding the necessity of maintaining a healthy lifestyle and eating habits is driving the demand for natural sweeteners. Beet sugar is a more natural sweetener and a healthier alternative to artificial sweeteners. Additionally, beet sugar extract contains betaine, an organic substance used in energy drinks for athletes and fitness enthusiasts. Furthermore, since the beverage industry is witnessing sugar reduction trends and the growing demand for healthy beverages,  beet sugar is being increasingly  used in the beverage industry as well, which in turn is  driving the global market.

 

Restraints

Contamination and low-quality products

Few obstacles are hindering the growth and expansion of the beet sugar sales industry. The overall impact of contamination on sugar beet crop output is one of the primary factors. Sugar extraction from diseased crops or genetically altered sugar beets may affect the finished product's quality, limiting the growth of the beet sugar market globally. As a result, the contamination issue is likely to impede the growth of the beet sugar sales market throughout the projection period.

 

Impact of COVID-19 in the industry

The COVID-19 pandemic and the lockdowns enacted by various countries to halt the virus's spread have wreaked havoc on a variety of industries, including the worldwide beet sugar sales industry. The sugar industry is a prominent player in the global economy. This industry has encountered numerous hurdles along the way and the ongoing pandemic made things all the worse. The pandemic has posed a threat to the beet sugar market’s stakeholders and its allied industries globally. COVID-19's spillover effects have harmed the entire value chain of the beet sugar sector, as well as its subsequent marketing and export.

 

Global Beet Sugar Sales Market: By Function

Based on the function, the global beet sugar sales market is segmented into Regular and Medical Conditions. Out of these, the regular beet sugar segment is dominating the global beet sugar sales market. Beet sugar is prepared using a process that includes thinly slicing sugar beets to extract the natural sugar juice. The juice is cleansed and heated to create a concentrated syrup, which is crystallized to form granulated sugar. It is the most common plant used in the making of white sugar. Sugar beets are also used to harvest other types of refined sugar, such as molasses and brown sugar.

 

Global Beet Sugar Sales Market: By Application

Based on the application, the global beet sugar sales market is segmented into Bakery, Confectionery, Dairy Industry, and Beverage. Sugar beet is mostly utilized in the beverage industry; thus, the beverage category is predicted to have the largest market sales potential in the coming years. Sugar beets are most commonly used for producing processed sugar, which is added to a variety of beverages to sweeten them. For example, Sugar beets are used to make a strong rum-like alcoholic beverage in the Czech Republic and Slovakia. The syrup is made from shredded sugar beets that have been cooked for a few hours and then mashed. The juice derived from this mash is thick by nature, similar to honey or molasses, and can be used as a sandwich spread or to sweeten other foods.

 

Global Beet Sugar Sales Market – Regional Insights

Based on the region, the global beet sugar sales market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The highest share in the global beet sugar market is contributed by North America followed by Europe. Beet sugar is already a high-value crop in Western and Central Europe. Nevertheless, Asia-Pacific is poised to be the fastest-growing area during the forecast period. Because of its rising standard of living, India is all set to become the world's fastest-growing market.

Recent Developments

·         June 2021- Michigan Sugar Company launched a redesigned brand website at www.pioneersugar.com. The site includes information about pure, all-natural white granulated, Golden Light Brown and Dark Brown, and Confectioners Powdered Pioneer Sugar, as well as profiles about their grower-owners, and a helpful directory of retail locations where consumers can typically purchase Pioneer Sugar products.

 

·         February 2021- British Sugar has offered its 3,000 sugar beet growers an enhanced support package for the 2021/22 campaign, following the industry facing a challenging season over the previous year.

 

Competitive Landscape

Key players in the global beet sugar sales market are Agrana Zucker, Michigan Sugar Company, Amalgamated Sugar, Rana Sugar Ltd, Tereos, Nordic Sugar A/S, Nippon Beet Sugar Manufacturing, British Sugar Plc, American Crystal Sugar Company, and other key manufacturers.

The market is favorable for new entrants as many new players are entering the industry with new and advanced products. The prominent market players are continually investing in R&D in order to grow their businesses and maintain their market dominance in the global beet sugar market.

 

Scope

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia

Product/Service Segmentation

By Application, By Function, By Region

Key Players

Key players for global beet sugar sales market are Agrana Zucker, Michigan Sugar Company, Amalgamated Sugar, Rana Sugar Ltd, Tereos, Nordic Sugar A/S, Nippon Beet Sugar Manufacturing, British Sugar Plc, American Crystal Sugar Company and other key manufacturers.

           

 

·         By Application

o    Bakery

o    Confectionery

o    Dairy Industry

o    Beverage Stabilizer

·         By Function

o    Regular

o    Medical Conditions

·         By Region

o    North America

o    Latin America

o    Europe

o    Asia Pacific

o    Middle East

o    Africa

 

FAQs

1.    What is the current size of the global beet sugar sales market?

Answer: Global beet sugar sales market has reached USD 4.50 Billion in 2020.

2.    What are the major factors driving the growth of the global beet sugar sales market?

Answer: The beet sugar sales market has seen substantial growth due to an increasing focus on global health and nutrition awareness. In addition, rising concentration towards sugar beet farming and extensive use of sugar beet in many end-use industries are some other reasons expected to increase the use of the product. Furthermore, increased focus in sugar beet cultivation and wide usage of sugar beet in many end-use sectors are some of the other factors projected to expand the product's consumption.

 

3. Who are the key players in the global beet sugar sales market?

Answer: The key players in the global beet sugar sales market are Agrana Zucker, Michigan Sugar Company, Amalgamated Sugar, Rana Sugar Ltd, Tereos, Nordic Sugar A/S, Nippon Beet Sugar Manufacturing, British Sugar Plc, American Crystal Sugar Company, and other key manufacturers.

4. Which application segment accounted for the largest share in the global beet sugar sales market?

Answer: Beverage Industry, by application, accounted for the largest share in the global beet sugar sales market.

5. Which function segment accounted for the largest share in the global beet sugar sales market?

Answer: Regular segment is growing at a higher rate in the global beet sugar sales market.


COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

Contact Now

WHY CHOOSE US

  • 24/7 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Coustom Research Service

    Ask the Analyst to customize an exclusive study to serve your research needs.

  • Quality & Accuracy

    offers best quality reports based on various authentic and accurate data findings.

  • Data Visualization

    As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization

  • Information security

    We never share your personal and confidential information. Your personal information is safe and secure with us.