Granulated Sugar Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Granulated Sugar Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Food and Beverages | PPT format

Report Digest


Global Granulated Sugar Market – Overview

Granulated sugar is a great source of carbohydrates that are highly soluble. The sugar can be derived from numerous sources such as sugar beet, sorghum, date palm, sugar maple, and sugarcane among others. Sugarcane is the most commonly used raw material for the production of sugar across the globe. The number of companies in the granulated sugar market is constantly growing due to its increasing demand and applications. This growth of demand and subsequent growth in the number of players in the market is directly pointing towards a highly competitive vendor landscape in the global granulated sugar market.

Global Granulated Sugar Market – Notable Developments

Some of the key developments in the global granulated sugar market are listed below:

  • In August 2017, Wilmar International Ltd., acquired 50% equity shares in Aalst Chocolate Pte. Ltd., a home-grown chocolate producer in Singapore. This deal was done through KOG Investments Pte. Ltd. (a completely owned subsidiary of Wilmar) acquiring the aforementioned equity shares in Aalst Chocolate. The aim of the deal was to help Aalst to use the vast production and distribution network of Wilmar in Asia and to further penetrate in the growing chocolate market in new geographies, especially China.
  • In June 2018, Wilmar set up a new joint research lab in association with the National University of Singapore. The motive behind this move was to conduct highly advanced synthetic and nutritional biology research so as develop healthier food products and develop new green production technologies for industrial biochemicals and enzymes.
  • In June 2019, Nordzucker AG announced that they have now shifted their focus on producing sugar from beet and cane. This was the key focus agenda of their annual general meeting on the backdrop of huge cut down in prices due to overproduction and changing political environment across the globe.

Some of the most prominent competitors operating in the competitive landscape of global granulated sugar market include –

  • Sudzucker
  • C&H Sugar
  • Archer Daniels Midland Company
  • Illovo Sugar Ltd
  • Cargill
  • Nordic Sugar A/S
  • Wilmar International Ltd
  • Mitr Phol Sugar Corp
  • Cosan SA

Global Granulated Sugar Market – Drivers and Restraints

Some of the key driving factors for the growth of global granulated sugar market are listed below:

  • Growing demand from various sectors: Granulated sugar has applications across variety of sectors in the food and beverages industry. It is used for creating products such as biscuits, pastry, cookies, marmalades, and jams among others. It is also used in the production of chocolates and ice creams. Granulated sugar is the fundamental ingredient in the creation of these products and thus, rising demand for these products helps in boosting the growth of the market.
  • Application in the beverage industry: Granulated sugar is also used in the production of both alcoholic and non-alcoholic beverages. As their sales are increasing rapidly, it is fuelling the growth of the global granulated sugar market.

Global Granulated Sugar Market – Regional Outlook

The global granulated sugar market can be segmented into key regions such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Among these regions, the Asia Pacific segment is leading the market in terms of overall production and is expected to continue to do so in the coming years of the forecast period. This dominance of Asia Pacific is largely due to the presence of emerging economies such as India, China, and Indonesia that have large production facilities and large-scale sugarcane plantations. On the other hand, Europe is the leading the global market in terms of beet sugar production.

Segmentation of Global Granular Sugar Market

  • By Source
    • Sugarcane
    • Sugar beet
    • Date palm
    • Sorghum
    • Sugar maple
    • Others
  • By Product
    • Soft sugar
    • Crystal sugar
    • Others
  • By End-Use
    • Bakery Industry
    • Beverage Industry
    • Confectionery & Ice-Cream Industry
    • Pharmaceutical Industry
    • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?