Market Leaders: Major Players Are Focusing on new Product Development and Investment to Strengthen their Market Position in Industrial Sugar Market
According to MarketsandMarkets, the industrial sugar market is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. The demand for industrial sugar products is primarily driven by the increased consumption of convenient and processed food and beverages due to rapid lifestyle.
The key players in this market include Sudzucker AG (Germany), Cargill Inc. (US), Associated British Foods plc (UK), Raizen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), Louis Dreyfus Company (Netherlands), Tereos (France), Michigan Sugar Company (US) Dwarikesh Sugar Industries Limited (India) Canal Sugar (Egypt), Al Khaleej Sugar (Dubai), Rajshree Sugars & Chemical Limited (RSCL) (India), Rana Group (India) Shree Renuka Sugars Limited (India) Upper Ganges Sugar & Industries Limited (India), Bajaj Hindihan Sugar Ltd (India), Nile Sugar (Egypt), Bannari Amman Group (India), Dhampur Bio Organics Limited (India), Thai Sugar Group (Thailand) Metta Group (India), and Dalmia Bharat Group (India). These players have adopted various growth strategies such as agreements, partnerships, collaborations, and new product launches to increase their global market presence.
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Sudzucker AG (Germany) is a company that is primarily focused on sugar production, with business segments including sugar, special products, CropEnergies, and fruit. The company offers industrial sugar, sugary specialty products, and byproducts for animal feed and fertilizers within the sugar segment. The special products segment produces diverse products such as functional food ingredients, animal feed, chilled & frozen products, portion packs, and starch for various food and non-food applications. The CropEnergies segment is responsible for the bioethanol activities for the fuel sector in several European countries.
Sudzucker operates 29 factories and two refineries in European countries, including France, Belgium, Germany, Austria, Poland, the Czech Republic, Slovakia, Romania, Hungary, Bosnia, and Moldova. The company's research & development department is focused on improving existing product lines and developing new product concepts for the food and non-food sectors.
Cargill Inc. (US) is a global company that manufactures and markets various products related to food, agriculture, and industry. It operates in several business segments, including agri-trading and processing, food ingredients and products, meat, poultry, and eggs, farmer services, animal feed and nutrition, energy and nutrition, and financial services. In the food and beverage ingredients segment, Cargill offers different types of sugar products that meet the needs of food manufacturers worldwide. Cargill has a significant presence in the global market, with subsidiaries in different regions, such as Cargill Australia Limited, Cargill Ghana Limited, and Cargill Specialty Canola Oils (US). Cargill is known for being a major player in the international sugar trading market, with a focus on import, export, shipping, and distribution. The company's robust network of business partners enables it to supply sugar to customers worldwide more efficiently than its competitors.
Associated British Foods Plc (UK) is a leading global sugar producer with 27 plants across 10 countries and employs 35,000 people. Its sugar-making facilities are efficient and produce various products from sugar beet and sugar cane. The company offers a diverse range of products, including sugar, animal feed, biofuels, and specialty products, sold to various industries such as food and drink, fuels, pharmaceuticals, agriculture, horticulture, power, and energy. It is also a significant renewable power generator for its own use and export into the national power infrastructure. The company has several subsidiaries, including Azucarera, the largest sugar producer in Iberia; British Sugar, the only sugar beet producer in the UK; and Illovo Sugar Africa, the largest sugar producer in Africa, with operations in several countries. Additionally, the company has a beet sugar business in northeast China that is cost-competitive with cane sugar production.
Related Reports:
Industrial Sugar Market by Type (White Sugar, Brown Sugar, & Liquid Sugar), Application (Dairy Products, Bakery Products, Confectionery, Beverages, & Pharmaceuticals), Source (Sugarcane & Sugar Beet) and Region - Global Forecast to 2028
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