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 : February, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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