세계 산업용 설탕 시장 규모는 2023년 501억 달러에서 2024년부터 2031년까지 예측 기간 동안 4.1%의 연평균 복합 성장률(CAGR)로 성장하여 2031년에는 690억 9,000만 달러 규모로 성장할 것으로 예상됩니다.
제과류 수요 증가, 소매 시장 성장, 제품 포트폴리오 등의 요인이 산업용 설탕 시장의 세계 수요를 촉진하고 있습니다. 시장 확대의 주요 원인은 인구 증가, 가공식품 및 식음료 수요 증가, 소비자의 라이프 스타일과 선호도 변화, 식품 시장의 세계화, 기술 발전, 가처분 소득 증가, 바이오연료 생산 등입니다.
인구 증가에 따라 식음료에 대한 수요도 크게 증가할 것으로 예상됩니다. 설탕은 단맛과 풍미를 강화하기 위해 대부분의 가공식품과 식음료의 주요 성분으로 전체 산업용 설탕 시장의 성장에 기여하고 있습니다.
설탕 추출 및 정제 공정의 개선을 포함한 기술 발전은 산업용 설탕의 생산 효율을 높이고 비용 효율성을 높일 수 있습니다. 신흥국의 소매 시장 성장도 식음료 산업에 새로운 기회를 제공하여 산업용 설탕 수요를 견인하고 있습니다.
인구 증가는 시장 확대로 이어집니다.
세계 인구 증가는 더 크고 다양한 소비자 기반을 창출합니다. 설탕은 세계 인구 증가로 인해 소비되는 많은 가공식품과 감미료 제품의 기본 성분이기 때문에 시장은 식음료 수요 증가의 혜택을 누리고 있습니다.
바이오연료 생산에 설탕을 사용하면 시장 성장을 가속합니다.
바이오연료 생산에 설탕, 특히 에탄올 형태의 설탕 사용은 산업용 설탕 시장에 영향을 미치는 중요한 요인입니다. 바이오연료 생산은 재생 가능하고 깨끗한 에너지원을 생산한다는 목표에 의해 추진되고 있습니다.
세계 산업용 설탕(Industrial Sugar) 시장을 조사했으며, 시장 정의와 개요, 시장 규모 추이 및 예측, 각종 부문별/지역별 상세 분석, 산업 구조, 시장 성장에 영향을 미치는 요인 분석, 사례 연구, 경쟁 구도, 주요 기업 프로파일 등의 정보를 정리하여 전해드립니다.
Global industrial sugar market is projected to witness a CAGR of 4.1% during the forecast period 2024-2031, growing from USD 50.1 billion in 2023 to USD 69.09 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.
Factors such as expanding demand for confectionery products, growth in the retail market, and product portfolio are propelling the global demand for the industrial sugar market. The major reasons for the expansion of the market are an increase in population, a rise in the demand for processed foods and beverages, changing consumer lifestyles and preferences, globalization of food markets, technological advancements, an increase in disposable income, and bio-fuel production.
As the population grows, the demand for food and beverage products is expected to rise manifold. Sugar, being a key ingredient in most processed foods and beverages for added sweetness and flavor enhancement, contributes to the overall growth of the industrial sugar market.
Moreover, advances in technology, including improvements in sugar extraction and refining processes, can enhance the efficiency of industrial sugar production, making it more cost-effective. The growth of retail markets, especially in emerging economies, provides new opportunities for food and beverage products, thereby driving the demand for industrial sugar.
For instance, American Sugar Refining, Inc, and Raizen partnered in August 2022, to cater to the demand for more sustainable and transparent raw cane sugar for industrial use globally. ASR Group and Raizen together developed a series of unique processes and technological and infrastructure solutions to put a track on raw cane sugar being sourced from their farms and bioenergy parks. Here, the sugarcane is milled to produce raw sugar and biofuels and is segregated into the final raw sugar to a port terminal facility for export. Ensuring 100 percent non-genetically modified status, Raizen confirms that raw cane sugar can meet the highest ethics and environmental standards globally.
Rise in Population Leading to Expansion of the Market
The increase in global population creates a larger and more diverse consumer base. The industrial sugar market benefits from the increased demand for food and beverages as sugar is a fundamental ingredient in many processed and sweetened products consumed by a growing global population, thereby boosting the growth of the industrial sugar market.
Sugar is used in everything as a sweetener and is a vital intermediate good for most industries. As the population rises, the demand for the products of other industries rises, which in turn, leads to a boost in the demand for industrial sugar, thereby, contributing to the overall growth of the industrial sugar industry.
The production of sugar is increasing in all the regions every year, globally. United States Department of Agriculture analyzed that for the year 2023-24, global production of sugar is estimated 8.2 million tons year-over-year to 183.5 million with higher production for India and Brazil. Production in the United States has been anticipated to be at 8.4 million tons.
Use of Sugar in Bio-fuel Production Propel the Growth of the Market
The use of sugar, particularly in the form of ethanol, for biofuel production is a significant factor influencing the industrial sugar market. The practice is primarily driven by the goal of producing renewable and cleaner energy sources.
Sugar, particularly from sugarcane and sugar beet, can be fermented to produce ethanol. Ethanol is a biofuel that is commonly blended with gasoline to create ethanol-gasoline blends and further produce electricity. The industrial sugar market benefits from the demand for sugars specifically cultivated for biofuel production. Many countries have implemented renewable energy mandates and policies to reduce dependence on fossil fuels and lower greenhouse gas emissions. The use of sugar for ethanol production aligns with these goals, driving the demand for industrial sugar as a feedstock for biofuel.
For instance, mandates have been put by the US government for the consumption of renewable energy. In accordance with Section 203 of the Energy Policy Act of 2005 (42 U.S.C. § 15852), the federal government must at least consume 7.5% of its total electricity from renewable sources each fiscal year referred to as the renewable electricity requirement.
The demand for sugar in biofuel production adds a layer of diversification to the industrial sugar market. Sugar producers and suppliers may find additional markets for their products beyond traditional food and beverage applications.
Innovation in Product and Packaging of Industrial Sugar Fuel the Market
The continuous innovation of the product and evolution in the packaging is helping the companies reposition their brand and products. Brands are innovating the formulations of industries, easing the jobs for consumers and enhancing their experiences. Apart from it, the manufacturers are making sure that the packaging is renewable, recyclable, and environment friendly. It is another factor, which helps the companies in attracting the consumers towards their products over others available in the market, since the consumers feel that by buying the same product with a sustainable packaging, they contribute their bit towards the conservation of the environment.
For instance, in April 2023, American Sugar Refining, Inc. innovated a new packaging for its granulated sugar. It launched pure cane granulated sugar in a baking tub, making it convenient for bakers to scoop and level the sugar directly in the container. Moreover, these tubs can be refilled with the help of Domino Sugar or C&H Sugar bags. The tub is designed in a way that it can stack easily in the pantry. As a sustainable option, it uses 28 percent less plastic than the previous canister design, leading to a reduction in transportation by 65%.
Sugar Beet as a Source to Produce Industrial Sugar
According to United States Department of Agriculture, European Union's beet sugar production for year 2023-24 is forecasted at 15.5 million tons which is approximately 1.4 million hectares of sugar beets before. It will account for a rise in production of 3 percent as compared to 2022-23. The forecast was made, despite 6 percent fall of beet acreage in France. In past 5 years, France had 28 percent of EU's total sugar beet area on average for harvest. Whereas the minimized beet acreage in France is forecasted to have been balanced by an increase in the plantation, mainly in Poland by 19 percent, and to some extent in Spain, Romania, Slovakia, and Hungary.
For instance, American Crystal Sugar Company entered into an agreement with RealmFive, a technology solutions provider, to provide automation for sugar beet production with industrial sugar market leader. In winters of 2023, American Crystal Sugar and RealmFive decided to work together for developing an automation with the aim to solve the problem of severe labor shortage challenges in the sugar beet industry. The deliverables of the agreement include the enhancement of efficiencies in the handling and storage of sugar beets by providing labor-saving automation at the sites of piling.
Future Market Scenario (2024 - 2031F)
With the evolution of the market, the industrial sugar producing companies are constantly innovating their products to cater to the dynamic needs of their consumers. They are bringing diversified forms, making the packaging more attractive to new and existing consumers and expanding the product line through constant innovations. In future, strict government laws implementation is anticipated to ensure the standard quality maintenance of the industrial sugar globally.
For instance, American Crystal Sugar was fined for the violation of water quality at the Crookston facility for USD 14,150 and East Grand Forks facility for USD 11,685. As per Minnesota Pollution Control Agency (MPCA) enforcement's survey, American Crystal Sugar had been found violating industrial wastewater regulations in 2022 at its Crookston and East Grand Forks facilities which adversely impacted the Red River of the North and Red Lake River following which it had to pay a penalty.
Thus, to ensure a stable position in the market, companies have to follow the standards set by the respective governments to produce good quality industrial sugar for their consumers.
Key Players Landscape and Outlook
Companies in the industrial sugar market may expand their product portfolios to meet diverse consumer demands, creating new opportunities for sugar consumption in different applications. United States Sugar Savannah Refinery LLC, a wholly owned subsidiary of United States Sugar Corporation, completed the purchase of Imperial Sugar Co., in December 2022, from the Louis Dreyfus Co. The merger was aimed to increase the reliability and competitiveness of the businesses of both the companies with the presence of United States Sugar Corp. in cane sugar growing, milling, and refining.
In August 2022, ASR Group's brand, Domino Sugar launched a fresh packaging for its single serving premium pure cane sugar packet. It will help the brand in repositioning the same product again in the market for future. The brand-new packaging is designed with an updated logo and an iconic yellow color to deliver quality and consistency to foodservice operators and other customers.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.