Global Industrial Sugar Market Overview
The Global Industrial Sugar Market size is expected to grow from USD 47.12 billion in 2023 to USD 79.68 billion by 2032, at a CAGR of 6.01% during the forecast period (2024-2032)
Industrial sugar is a white crystalline carbohydrate produced and packaged in bulk for food processing and manufacturing, rather than retail consumption. It is a natural ingredient, free from artificial additives and chemicals, commonly used as a sweetener and preservative in various food and beverage products. Industrial sugar plays a crucial role in enhancing the sweetness, texture, and overall quality of processed foods, confectioneries, baked goods, and beverages.
- The industrial sugar market is experiencing steady growth, driven by increasing demand from the food and beverage industry. The rising consumption of processed foods, especially in emerging markets, is a key factor contributing to the expansion of the industrial sugar market. Additionally, the growing popularity of confectioneries and baked goods, along with the rising trend of convenience foods, has further bolstered the market's growth.
- Technological advancements in sugar production and processing have led to the development of more efficient methods of producing high-quality industrial sugar. These innovations have enabled manufacturers to meet the increasing demand for sugar while maintaining quality standards. Moreover, the market has witnessed a shift towards sustainable practices, with many producers focusing on environmentally friendly methods and fair-trade sourcing of raw materials.
- The industrial sugar market faces challenges such as fluctuating raw material prices and health concerns related to excessive sugar consumption. However, the introduction of alternative sweeteners and sugar substitutes is providing opportunities for diversification within the market. Manufacturers are increasingly exploring ways to reduce sugar content in their products while maintaining the desired taste and texture, responding to consumer demand for healthier options.
Market Dynamics And Factors For Industrial Sugar Market
Drivers:
Growing Consumption of Processed Food and Beverages
- Nowadays, people are experimenting with their food, and most of the population eats processed food items once a day due to many reasons like working load, and having less time, as a result, people are highly consuming processed food and beverages. Also, manufacturers or producers are offering various cuisines or food products around the world that are attracting consumers and also shifting their food preferences. Additionally, processed food and beverages are highly palatable, convenient, shelf-stable, and affordable, and are way more appealing to children as well as adults. For instance, the United States consumes approximately 2.21 million tons of sugar, or 14.4 pounds of sugar per capita only from Coke per year. The high consumption of industrial sugar during the production process of a variety of food items and the wide application range in the food & beverage industry to meet rising consumer requirements majorly contribute to the growth of the industrial sugar market during the projected period.
Restraints:
The Prevalence of Chronic Diseases
- The prevalence of multiple chronic conditions is restraining the growth of the industrial sugar market. Chronic diseases are among the most prevalent health condition in the world. According to Statista, in 2021, around 15% of adults in the United States reported having at least two chronic medical conditions, while only around 11% of older millennials reported the same. According to National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), chronic diseases such as diabetes are the leading causes of increasing heart-related disorders like cancer. To control these diseases doctors are remanding nutrients rich food with no or low added sugar due to which the old age population highly reduces the consumption of packaged and high sugar-containing food items which hamper the growth of the market.
Opportunity:
High Adoption of Brown and Organic Sugar
- Increasing adoption of brown sugar and organic sugar due to their high nutritional value is providing a lucrative opportunity for the growth of the market. The molasses in brown sugar makes it a source of certain minerals like calcium; potassium, iron, and magnesium due to this people prefer these sugars. Moreover, increasing health consciousness, the prevalence of chronic diseases, and trends in eating dietary food products are triggering the demand for brown and organic sugar. People prefer brown sugar over white sugar since white sugar contains no minerals and also risks having sulphur, which is harmful to the human body but it is used during the refining process. People are more concerned about their diet and eating habits, they prefer this type of sugar in their day-to-day life to maintain their health. Many food processing industries are using this type of sugar to make dense cakes, cookie dough, and barbecue sauces considering the increasing demand from urban areas. Moreover, people suffering from diabetes and high blood pressure are including organic or brown sugar in their food owing to their nutritious properties. Along with this, the increasing availability of a variety of products containing brown and organic sugar responsible for the high adoption of brown and organic sugar, further that provides a lucrative growth opportunity for the growth of the market.
Challenges:
High Government Regulations on Commodity
- The stringent government regulations and high-quality standardization limit the growth of the industrial sugar market. For instance, Governing body regarding food safety and standards in India has standardized rules and regulations on every type of sugar. White crystalline sugar obtained by refining plantation white sugar has to be free from dirt, filth, iron fillings, and added colorings matter. The extraneous matter shall not exceed 0.1% by weight. The Moisture in the sugar is not more than 0.5% by weight, and Sucrose is not less than 99.5% by weight. In addition to this, it only may contain food additives permitted in FSSR. Also, there are standardized rules and regulations on the import and export of commodities depending on the country. However, industrial sugar manufacturers can overcome this challenge by maintaining all the standardized processes and government regulations on the production and sailing of the commodity.
Segmentation Analysis Of Industrial Sugar Market
- By Type, the White sugar segment is estimated to dominate the Industrial Sugar market and continue the dominance over the projected period owing to the high demand for the product from the different manufacturing industries. White sugar is made from sugar cane, it is the most common type of industrial sugar which is used across the globe. White sugar is mainly used in drinks or baking by most manufacturers to prepare delicate desserts such as mousse or puddings, also it is used in sweets, icing, whipping cream, and powdered drinks. The granules of white sugar are perfect for the preparation of food items. Additionally, the production of white sugar is high compared to other sugars, it is the most popular sugar in the household due to the high availability of the product in an affordable price range. Further, these factors are driving the demand for industrial sugar globally.
- By End Use, the Confectionery segment is estimated to dominate the market in the upcoming years. It is an important and popular food among a wide range of the population. It has been used as a major food delicacy from ancient times which includes food products like cake, candy, sugar confectionery mints, chewing gums, and chocolate confectionery. Industrial sugar is the main ingredient that is used in the production of these confectionery products. The increasing consumption of this product around the globe is providing growth opportunities to the segment. These products are always high in demand mainly in festive sessions the demand is high. Additionally, Cadbury, Nestle, and Perfetti are some of the largest companies active in the confectionery sector which bring innovative and new products into the industry which helps in the expansion of the segment, further supporting the growth of the industrial sugar market.
Regional Analysis Of Industrial Sugar Market
- The Asia Pacific is the dominating region and is expected to dominate the global industrial sugar market in the upcoming years. The high consumption of sugar owing to the growing demand for confectionery food products, and soft drinks are driving the growth of the market. The region includes countries like India, china, and japan which contain a huge population that helps to raise the consumption of industrial sugar in the region. According to Statista, For 2021/2022, India had the highest sugar consumption across the world amounting to approximately 29 million metric tons. Though China has a larger population than India, India consumed nearly 12 million metric tons more sugar than China. Global sugar consumption exceeded 175 million metric tons in the same period. Moreover, Sugar is extracted from two crops sugar cane and sugar beet, high production of sugar cane in the region is propelling the growth of the market. According to Statista, some two billion metric tons of sugar cane were produced worldwide in 2020, and Asia was the largest sugar-producing region in the world. India, China, Thailand, and Pakistan rounded off the five leading sugar cane-producing countries. The high consumption of sugar-containing food products and high production of sugar cane is contributing to the growth of the industrial sugar market in the region.
- South America is projected to grow rapidly in the upcoming years owing to the high production of sugar cane in the country such as Brazil. Sugar cane is used in the production of industrial sugar and Brazil is the largest producer of sugar cane. In 2020 this country produces more than 757 million metric tons of sugar cane alone. In this same year, Brazil was the leading global sugar producer nearly 30 million metric tons of processed sugar are produced in the country. Additionally, According to Statista, in 2021/2022 Brazil has the highest export volume of sugar in comparison with any other country, approximately 25.65 million metric tons. Thailand grab the second position in sugar export, but had significantly less export volume compared to Brazil, at about 10 million metric tons of sugar in the same year. The high production and export of sugar cane and sugar are supporting the growth of the industrial sugar market in this region. Moreover, other countries in the region like Colombia, Argentina, and chilli are witnessing high sugar demand owing to the increasing food processing industry is also propels the growth of the market.
- North America and Europe are projected to grow rapidly in the upcoming years owing to the high demand for brown and organic sugar. The growing health-related concerns and increasing awareness about choric diseases, and diet, are responsible to trigger the consumption of brown and organic sugar. Moreover, the high presence of processed food producers and beverage companies in the region drives market growth. In 2020, Coca-Cola was ranked as the leading carbonated soft drink (CSD) company in the US with a volume share of 44.9%. PepsiCo ranked second and garnered a volume share of 25.9% in the same year. This company uses tons of sugar to prepare various beverages. Additionally, thousands of different food manufacturing companies are establishments in the US every year, only California includes 3,768 food manufacturers in 2020. The high consumption of sugar by the food and beverage sector may propel the growth of the market in North America and Europe.
Top Key Players Covered In Industrial Sugar Market
- American Crystal Sugar Company
- Archer Daniels Midland Company
- Associated British food plc (UK)
- Cosan SA Industrial e Comercio (Brazil)
- E.I.D Parry Lit (India)
- Illovo Sugar (South Africa)
- Louis Dreyfus Holding BV (Amsterdam)
- Mitr Phol Sugar corporation lit (Thailand)
- Nordzucker Group AG (Germany)
- Shree Renuka Sugar ltd (India)
- Suedzucker AG (Germany)
- Cargill, Inc. (USA)
- Tate & Lyle PLC (UK)
- Wilmar International Limited (Singapore)
- Sugar Australia (Australia)
- Rudolf Wild GmbH & Co. KG (Germany)
- Tereos Internacinal SA (Brazil), and other major players.
Key Industry Development In The Industrial Sugar Market
- In March 2024, Triveni Engineering & Industries Ltd., a leading integrated sugar producer and key player in high-speed gears, gearboxes, and water management, recently acquired a 25.43% stake in Sir Shadi Lal Enterprises Limited (SSEL). SSEL, which operates two manufacturing units in Uttar Pradesh, is involved in the production of sugar and ethanol/alcohol. The acquisition strengthens Triveni Engineering's position in the sugar industry while expanding its presence in the ethanol and alcohol sectors. The strategic investment aligns with Triveni's growth objectives and enhances its capabilities within the sugar and related industries.
- In February 2023, The National Company Law Tribunal (NCLT) approved the acquisition of Indian Sugar Manufacturing Company by a consortium comprising Shri Dutt India and Shri Dutt Biofuels. The company had total admitted liabilities of approximately ā¹523 crore, and the successful bidder paid ā¹175 crore to acquire it. Before the tribunal's approval, the resolution plan had been unanimously approved by the company's lenders, with 100% of the voting share in favor of the consortium. The NCLT's decision marked the final step in the acquisition process, enabling Shri Dutt to move forward with the restructuring and revival of the sugar manufacturing company.
Global Industrial Sugar Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2022 |
Market Size in 2023: |
USD 47.12 Bn. |
Forecast Period 2024-32 CAGR: |
6.01% |
Market Size in 2032: |
USD 79.68 Bn. |
Segments Covered: |
By Type |
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By End Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By End Use
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Industrial Sugar Market by Type
ā5.1 Industrial Sugar Market Overview Snapshot and Growth Engine
ā5.2 Industrial Sugar Market Overview
ā5.3 White Sugar
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 White Sugar: Geographic Segmentation
ā5.4 Brown Sugar
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Brown Sugar: Geographic Segmentation
ā5.5 Liquid Sugar
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Liquid Sugar: Geographic Segmentation
Chapter 6: Industrial Sugar Market by End Use
ā6.1 Industrial Sugar Market Overview Snapshot and Growth Engine
ā6.2 Industrial Sugar Market Overview
ā6.3 Confectionary
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Confectionary: Geographic Segmentation
ā6.4 Beverages
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Beverages: Geographic Segmentation
ā6.5 Dairy Products
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Dairy Products: Geographic Segmentation
ā6.6 Others
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Industrial Sugar Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Ansoff Matrix
āā7.1.5 Industrial Sugar Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Industrial Sugar Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 AMERICAN CRYSTAL SUGAR COMPANY
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 ARCHER DANIELS MIDLAND COMPANY
ā7.4 ASSOCIATED BRITISH FOOD PLC
ā7.5 COSAN SA INDUSTRIAL E COMERCIO
ā7.6 E.I.D PARRY LIT
ā7.7 ILLOVO SUGAR
ā7.8 LOUIS DREYFUS HOLDING BV
ā7.9 MITR PHOL SUGAR CORPORATION LIT
ā7.10 NORDZUCKER GROUP AG
ā7.11 SHREE RENUKA SUGAR LTD
ā7.12 SUEDZUCKER AG
ā7.13 TEREOS INTERNACINAL SA
ā7.14 OTHER MAJOR PLAYERS
Chapter 8: Global Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Type
āā8.2.1 White Sugar
āā8.2.2 Brown Sugar
āā8.2.3 Liquid Sugar
ā8.3 Historic and Forecasted Market Size By End Use
āā8.3.1 Confectionary
āā8.3.2 Beverages
āā8.3.3 Dairy Products
āā8.3.4 Others
Chapter 9: North America Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Type
āā9.4.1 White Sugar
āā9.4.2 Brown Sugar
āā9.4.3 Liquid Sugar
ā9.5 Historic and Forecasted Market Size By End Use
āā9.5.1 Confectionary
āā9.5.2 Beverages
āā9.5.3 Dairy Products
āā9.5.4 Others
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 White Sugar
āā10.4.2 Brown Sugar
āā10.4.3 Liquid Sugar
ā10.5 Historic and Forecasted Market Size By End Use
āā10.5.1 Confectionary
āā10.5.2 Beverages
āā10.5.3 Dairy Products
āā10.5.4 Others
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 White Sugar
āā11.4.2 Brown Sugar
āā11.4.3 Liquid Sugar
ā11.5 Historic and Forecasted Market Size By End Use
āā11.5.1 Confectionary
āā11.5.2 Beverages
āā11.5.3 Dairy Products
āā11.5.4 Others
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 White Sugar
āā12.4.2 Brown Sugar
āā12.4.3 Liquid Sugar
ā12.5 Historic and Forecasted Market Size By End Use
āā12.5.1 Confectionary
āā12.5.2 Beverages
āā12.5.3 Dairy Products
āā12.5.4 Others
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Industrial Sugar Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 White Sugar
āā13.4.2 Brown Sugar
āā13.4.3 Liquid Sugar
ā13.5 Historic and Forecasted Market Size By End Use
āā13.5.1 Confectionary
āā13.5.2 Beverages
āā13.5.3 Dairy Products
āā13.5.4 Others
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Industrial Sugar Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data : |
2017 to 2022 |
Market Size in 2023: |
USD 47.12 Bn. |
Forecast Period 2024-32 CAGR: |
6.01% |
Market Size in 2032: |
USD 79.68 Bn. |
Segments Covered: |
By Type |
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By End Use |
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By Region |
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||
Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Industrial Sugar Market research report is 2024-2032.
American Crystal Sugar Company,Archer Daniels Midland Company,Associated British food plc (UK),Cosan SA Industrial e Comercio (Brazil),E.I.D Parry Lit (India),Illovo Sugar (South Africa),Louis Dreyfus Holding BV (Amsterdam),Mitr Phol Sugar corporation lit (Thailand),Nordzucker Group AG (Germany),Shree Renuka Sugar ltd (India),Suedzucker AG (Germany),Cargill, Inc. (USA),Tate & Lyle PLC (UK),Wilmar International Limited (Singapore),Sugar Australia (Australia),Rudolf Wild GmbH & Co. KG (Germany),Tereos Internacinal SA (Brazil), and other major players.
Industrial Sugar is segmented into Type, End Use and region. By Type, the market is categorized into White Sugar, Brown Sugar, and Liquid Sugar. By End Use, the market is categorized into Confectionary, Beverages, Dairy Products, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Sugar is a carbohydrate that is utilized by the human body to generate energy, there are two types of sugar one is a natural sugar that naturally occurs in food such as in fruit and starchy vegetables and other is the industrial sugar; which is processed or manufactured sugar. Industrial sugars are added sugar, which means any sugar added to food at the time of preparation is industrial sugar.
The Global Industrial Sugar Market size is expected to grow from USD 47.12 billion in 2023 to USD 79.68 billion by 2032, at a CAGR of 6.01% during the forecast period (2024-2032)