Global Sugar Market To Be Driven By The Growing Food Industry In The Forecast Period Of 2020-2025

SHERIDAN, Wyo. - Jan. 25, 2021 - PRLog -- The new report by Expert Market Research titled, 'Global Sugar Market Report (https://www.expertmarketresearch.com/reports/sugar-market-report) and Forecast 2020-2025′, gives an in-depth analysis of the global sugar market, assessing the market based on its segments like types, forms, sources, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): 175 million tons
• Forecast CAGR (2020-2025): 1%
• Forecast Market Size (2025): 186 million tons

A significant increase in the food and beverage industry is the primary driver of the sugar market. Due to its diversified applications, sugar is an essential ingredient in this market. The rising demand for convenience foods, which usually have a large amount of sugar, due to hectic schedules, inflating disposable incomes, and shifting dietary models of the consumers, has also aided the industry growth. Moreover, rapid urbanisation and globalisation have led numerous global players to invest in emerging economies, thus, furthering the market growth.

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The industry can be divided based on types into:

• White
• Brown
• Liquid

By form, the industry can be segmented into:

• Granulated
• Powdered
• Syrup

Based on the source, the industry is categorised into:

• Sugar Beet
• Sugarcane

On the basis of end-use, the industry is segmented into:

• Food and Beverages
• Pharma and Personal Care
• Household
• Others

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Key Market Players

The major players in the market are Sudzucker AG, Tereos, Associated British Foods plc, Wilmar International Ltd, and Nordic Sugar A/S, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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