Industrial sugar, referred to as bulk sugar or commercial sugar, is used in a variety of sectors and holds a significant market share. This highly refined sugar is mainly utilized for industrial purposes rather than direct consumption. It is versatile properties, and wide range of applications make it an essential ingredient in a variety of industries, fueling a thriving industrial sugar market.
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The food and beverage industry is a key application for industrial sugar. It is an essential ingredient in the manufacture of processed foods, confectioneries, beverages, and bakery goods. Industrial sugar's sweetness, texture, and preservative properties improve the taste and overall quality of these products, making them indispensable to manufacturers. Its ability to function as a bulking agent, stabilizer, and flavor enhancer also contributes to its widespread use in the food industry.
Data Bridge Market Research analyzes that the Asia-Pacific Industrial Sugar Market is expected to grow from 2023 to 2030 and is expected to reach USD 24,825.11 million by 2030. The rising demand for industrial sugar in the pharmaceutical sector is expected to create new opportunities for market growth in the upcoming years.
Key Findings of the Study
Increasing Food and Beverages Consumption is Expected to Drive the Market Growth
Sugary drink consumption has risen as a result of rapid urbanization, which has increased the Asia-Pacific consumption of food and beverages. Although refined sugar can be accepted as part of a healthy diet, sweetened drinks are widely advertised, inexpensive, and widely available. They include soft drinks, energy drinks, sports drinks, and flavored mineral water. Furthermore, the standard serving size has changed from 375 ml to 600 ml bottles, which has increased the amount of industrial sugar as drink consumption has increased over the forecast period.
Sugar is a common ingredient in processed foods because it makes many foods more palatable by improving flavor and mouthfeel. It also makes foods last longer, adds viscosity, and is used as a binding agent in food and beverages. As a result, refined sugar has been added to packaged foods and drinks such as ice cream, pastries, and soda, all of which have been heavily processed in the industries. Furthermore, refined sugar can be used to keep moisture in baked goods prevent staleness, and improve the flavor and texture of canned fruits and vegetables. It is also used to improve the sweetness and taste of carbonated beverages and alcohol as a preservative and sweeteners. Thus, the properties offered by industrial sugar in food and beverage products increased consumption due to the rising population and adoption of packaged food around the globe.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (White Sugar, Liquid Sugar, Brown Sugar, and Icing Sugar), Source (Cane and Beet), Form (Granulated, Syrup, and Powdered), Packaging Type (Sacks, Bag, Box, Tote Bags, and Others), Application (Food & Beverages, Pharmaceutical, Dietary Supplements, and Others), Distribution Channel (Direct and Indirect)
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Countries Covered
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India, China, Thailand, Australia and New Zealand, Indonesia, Vietnam, Philippines, Malaysia, Japan, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific
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Market Players Covered
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Südzucker AG (Germany), Associated British Foods plc (U.K.), RANA GROUP (India), Rajshree Sugars & Chemicals Limited (RSCL) (India), Shree Renuka Sugars Ltd (India), Upper Ganges Sugar & Industries Limited (India), Bajaj Hindusthan Sugar Ltd. (India), Mitr Phol Group (Thailand), Ragus Sugars Manufacturing Ltd. (U.K.), and Balrampur Chini Mills Limited (India) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, pipeline analysis, supply chain analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The Asia-Pacific industrial sugar market is segmented into six notable segments based on type, source, form, packaging type, application, and distribution channel.
- On the basis of type, the Asia-Pacific industrial sugar market is segmented into white sugar, liquid sugar, brown sugar, and icing sugar.
In 2023, white sugar segment is expected to dominate the Asia-Pacific industrial sugar market.
In 2023, the white sugar segment is expected to dominate with a market share of 68.59% due to most of the customers, such as food and beverage manufacturers and end user consumers prefer white sugar.
- On the basis of source, the Asia-Pacific industrial sugar market is segmented into cane and beet. In 2023, the cane segment is expected to dominate the Asia-Pacific industrial sugar market with a market share of 73.46%.
- On the basis of form, the Asia-Pacific industrial sugar market is segmented into granulated, syrup, and powdered.
In 2023, granulated segment is expected to dominate the Asia-Pacific industrial sugar market.
In 2023, the granulated segment is expected to dominate with a market share of 51.38% due to most the end-users prefer sugar in granulated form.
- On the basis of packaging type, the Asia-Pacific industrial sugar market is segmented into sacks, bag, box, tote bags, and others. In 2023, sacks segment is expected to dominate the Asia-Pacific industrial sugar market with a market share of 36.62%.
- On the basis of application, the Asia-Pacific industrial sugar market is segmented into food & beverages, pharmaceutical, dietary supplements, and others. In 2023, the food & beverages segment is expected to dominate the Asia-Pacific industrial sugar market with a market share of 51.13%.
- On the basis of distribution channel, the Asia-Pacific industrial sugar market is segmented into direct and indirect. In 2023, the direct segment is expected to dominate the Asia-Pacific industrial sugar market with a market share of 64.53%.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players operating in the Asia-Pacific industrial sugar market that include Südzucker AG (Germany), Associated British Foods plc (U.K.), Bajaj Hindusthan Sugar Ltd. (India), Mitr Phol Group (Thailand), and Balrampur Chini Mills Limited (India) among others.
Market Development
- In May 2023, Mitr Phol Group announced the launch of new packaging material that is sustainable and eco-friendly. They started to transform the packaging for sugar products into sustainable material due to rising concerns among consumers. This development will help the company to attract a large consumer base.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific industrial sugar market report are India, China, Thailand, Australia and New Zealand, Indonesia, Vietnam, Philippines, Malaysia, Japan, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis: -
India is expected to dominate the Asia-Pacific industrial sugar market during the forecast period of 2023-2030
India is expected to dominate the Asia-Pacific industrial sugar market owing to a large number of manufacturers and suppliers operating in the region. Asia-Pacific will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the large production, easy availability of products, and increase in customer base.
For more detailed information about the Asia-Pacific industrial sugar market report, click here – https://www.databridgemarketresearch.com/ko/reports/asia-pacific-industrial-sugar-market
