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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 Date: June 2021
- Report ID: bwc20382
- Available Format: PDF
- Page: 146
Report Overview
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.
1. Research
Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research
Methodology
2.1. Qualitative Research
2.1.1. Primary
& Secondary Research
2.2. Quantitative
Research
2.3. Market Breakdown
& Data Triangulation
2.3.1. Secondary
Research
2.3.2. Primary
Research
2.4. Breakdown of
Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive
Summary
4. Global Beet Sugar Sales Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3.
Porter’s Five Forces Analysis
4.3.1. Bargaining Power of
Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Beet Sugar Sales Market Overview
5.1. Market
Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market
Share & Forecast
5.2.1. By Application
5.2.1.1. Bakery
5.2.1.2.
Confectionery
5.2.1.3. Dairy
Industry
5.2.1.4. Beverage
5.2.2. By Function
5.2.2.1. Regular
5.2.2.2. Medical
Conditions
5.2.3. By Region
5.2.3.1. North America
5.2.3.2.
Latin America
5.2.3.3. Europe
5.2.3.4.
Asia Pacific
5.2.3.5.
Middle East
5.2.3.6.
Africa
6. North America Beet Sugar Sales Market
6.1. Market Size & Forecast
by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Function
6.2.3. By Country
6.2.3.1. United States
6.2.3.2. Canada
7. Europe Beet Sugar Sales Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Function
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. Russia
7.2.3.4. Italy
7.2.3.5. France
7.2.3.6. United Kingdom
7.2.3.7. Spain
7.2.3.8. Rest of Europe
8. Asia Pacific Beet Sugar Sales Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Function
8.2.3. By Country
8.2.3.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Malaysia
8.2.4.5. Singapore
8.2.4.6. Rest of Asia Pacific
9. Latin America Beet Sugar Sales Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Function
9.2.3. By Country
9.2.3.1. Brazil
9.2.3.2. Mexico
9.2.3.3. Rest of Latin America
10. Middle East & Africa Beet Sugar Sales Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Function
10.2.3.
By Country
10.2.3.1. Saudi Arabia
10.2.3.2. UAE
10.2.3.3. South Africa
10.2.3.4. Rest of Middle East
& Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profile (Company Overview, Financial
Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook)
14.1. Agrana
Zucker
14.2. Michigan Sugar Company
14.3. Amalgamated Sugar
14.4. Rana Sugar Ltd.
14.5. Tereos
14.6. Nordic Sugar A/S
14.7. Nordic Sugar A/S Manufacturing
14.8. British Sugar Plc
14.9. American Crystal Sugar Company
14.10.
Other prominent players
14. Key Strategic
Recommendations
* Financial
information of non-listed Companies will be provided as per availability
**The segmentation
and the companies are subjected to modifications based on in-depth study during
the final deliverable.
List of Figures
Fig: Global Beet Sugar Sales Market Segmentation
Fig: Global Beet Sugar Sales Market Value Chain
Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Beet Sugar Sales Market Size, By Value
(USD Million), 2017-2027
Fig: Global Beet Sugar Sales Market Share (%), By Application, By
Value, 2017-2027
Fig: Global Beet Sugar Sales Market Share (%), By Function, By Value,
2017-2027
Fig: Global Beet Sugar Sales Market Share (%), By
Country, By Value, 2017-2027
Fig: North America Beet Sugar Sales Market Size, By
Value (USD Million), 2017-2027
Fig: North America Beet Sugar Sales Market Share
(%), By Application, By Value, 2017-2027
Fig: North America Beet Sugar Sales Market Share (%), By Function, By
Value, 2017-2027
Fig: North America Beet Sugar Sales Market Share
(%), By Country, By Value, 2017-2027
Fig: Europe Beet Sugar Sales Market Size, By Value
(USD Million), 2017-2027
Fig: Europe Beet Sugar Sales Market Share (%), By Application,
By Value, 2017-2027
Fig: Europe Beet Sugar Sales Market Share (%), By
Function, By Value, 2017-2027
Fig: Europe Beet Sugar Sales Market Share (%), By
Country, By Value, 2017-2027
Fig: Asia-Pacific, Beet Sugar Sales Market Size, By
Value (USD Million), 2017-2027
Fig: Asia-Pacific, Beet Sugar Sales Market Share (%), By Application,
By Value, 2017-2027
Fig: Asia-Pacific, Beet Sugar Sales Market Share (%), By Function, By
Value, 2017-2027
Fig: Asia-Pacific, Beet Sugar Sales Market Share
(%), By Country, By Value, 2017-2027
Fig: Latin America Beet Sugar Sales Market Size, By
Value (USD Million), 2017-2027
Fig: Latin America Beet Sugar Sales Market Share (%), By Application,
By Value, 2017-2027
Fig: Latin America Beet Sugar Sales Market Share (%), By Function, By
Value, 2017-2027
Fig: Latin America Beet Sugar Sales Market Share
(%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Beet Sugar Sales
Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Beet Sugar Sales
Market Share (%), By Application, By Value, 2017-2027
Fig: Middle East & Africa Beet Sugar Sales Market Share (%), By
Function, By Value, 2017-2027
Fig: Middle East & Africa Beet Sugar Sales Market Share (%), By Country,
By Value, 2017-2027
List of Tables
Table: Global Beet Sugar Sales Market Size, By Application, By Value
(USD Million), 2017-2027
Table: Global Beet Sugar Sales Market Size, By Function, By Value (USD
Million), 2017-2027
Table: Global Beet Sugar Sales Market Size, By Region, By Value (USD
Million), 2017-2027
Table: North America Beet Sugar Sales Market Size, By Application, By
Value (USD Million), 2017-2027
Table: North America Beet Sugar Sales Market Size, By Function, By
Value (USD Million), 2017-2027
Table: North America Beet Sugar Sales Market Size, By Country, By Value
(USD Million), 2017-2027
Table: Europe Beet Sugar Sales Market Size, By Application, By Value
(USD Million), 2017-2027
Table: Europe Beet Sugar Sales Market Size, By Function, By Value (USD
Million), 2017-2027
Table: Europe Beet Sugar Sales Market Size, By Country, By Value (USD
Million), 2017-2027
Table: The Asia-Pacific Beet Sugar Sales Market Size, By Application,
By Value (USD Million), 2017-2027
Table: The Asia-Pacific Beet Sugar Sales Market Size, By Function, By
Value (USD Million), 2017-2027
Table: The Asia-Pacific Beet Sugar Sales Market Size, By Country, By Value
(USD Million), 2017-2027
Table: Latin America Beet Sugar Sales Market Size, By Application, By
Value (USD Million), 2017-2027
Table: Latin America Beet Sugar Sales Market Size, By Function, By
Value (USD Million), 2017-2027
Table: Latin America Beet Sugar Sales Market Size, By Country, By Value
(USD Million), 2017-2027
Table: The Middle-East & Africa Beet Sugar Sales Market Size, By Application,
By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Beet Sugar Sales Market Size, By Function,
By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Beet Sugar Sales Market Size, By
Country, By Value (USD Million), 2017-2027
Table: Agrana Zucker Financial Analysis
Table: Agrana Zucker Business Overview
Table: Michigan Sugar Company, Financial Analysis
Table: Michigan Sugar Company, Business Overview
Table: Amalgamated Sugar Financial Analysis
Table: Amalgamated Sugar Business Overview
Table: Rana Sugar Ltd. Financial Analysis
Table: Rana Sugar Ltd. Business Overview
Table: Tereos Financial Analysis
Table: Tereos Business Overview
Table: Nordic Sugar A/S Financial Analysis
Table: Nordic Sugar A/S Business Overview
Table: Nippon Beet Sugar Manufacturing Financial Analysis
Table: Nippon Beet Sugar Manufacturing Business Overview
Table: British Sugar Plc Financial Analysis
Table: British Sugar Plc Business Overview
Table: American Crystal
Sugar Company Financial Analysis
Table: American Crystal
Sugar Company Business Overview
Market Segmentation
·
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
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