Industrial sugar, additionally referred to as bulk sugar or commercial sugar, is used in a variety of sectors and holds a significant market share. This highly refined sugar is mainly utilized for industrial purposes rather than direct consumption. It is versatile properties, and wide range of applications make it an essential ingredient in a variety of industries, fueling a thriving industrial sugar market.
The food and beverage industry is a key application for industrial sugar. It is an essential ingredient in the manufacture of processed foods, confectioneries, beverages, and bakery goods. Industrial sugar's sweetness, texture, and preservative properties improve the taste and overall quality of these products, making them indispensable to manufacturers. Its ability to function as a bulking agent, stabilizer, and flavor enhancer also contributes to its widespread use in the food industry.
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Data Bridge Market Research analyses that the North America Industrial Sugar Market is expected to reach the value of USD 7,769.59 million by 2030 from USD 6,123.33 million in 2022, growing at a CAGR of 3.1% during the forecast period of 2023 to 2030. The rising demand for industrial sugar in the pharmaceutical sector is expected to create new opportunities for market growth in the upcoming years.
Key Findings of the Study
Increasing Food and Beverage Consumption
Sugary drink consumption has risen as a result of rapid urbanization, which has increased the consumption of food and beverages. Although refined sugar can be accepted as part of a healthy diet, sweetened drinks are widely advertised, inexpensive, and widely available. They include soft drinks, energy drinks, sports drinks, and flavored mineral water. Furthermore, the standard serving size has changed from 375 ml to 600 ml bottles, which has increased the amount of industrial sugar as drink consumption has increased over the forecast period.
Sugar is a common ingredient in processed foods because it makes many foods more palatable by improving flavor and mouthfeel. It also make foods last longer, adds viscosity, and is used as a binding agent in food and beverages. As a result, refined sugar has been added to packaged foods and drinks such as ice cream, pastries, and soda, all of which have been heavily processed in the industries. Furthermore, refined sugar can be used to keep moisture in baked goods prevent staleness, and improve the flavor and texture of canned fruits and vegetables. It is also used to improve the sweetness and taste of carbonated beverages and alcohol as a preservative and sweetener. Thus, the properties offered by industrial sugar in food and beverage products increased consumption due to the rising population and adoption of packaging.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customized to 2015-2020)
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Quantitative Units
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Revenue in USD Million and Volume in Kilo Tons
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Segments Covered
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Type (White Sugar, Liquid Sugar, Brown Sugar, and Icing Sugar), Source (Cane and Beet), Form (Granulated, Syrup, and Powdered), Packaging Type (Sacks, Bag, Box, Tote Bags, and Others), Application (Food & Beverages, Pharmaceutical, Dietary Supplements, and Others), Distribution Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Südzucker AG (Germany), Associated British Foods. (U.K.), Michigan Sugar Company (U.S.), Amalgamated Sugar. (U.S.), Lantic Inc. (Canada), and AMERICAN CRYSTAL SUGAR (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The North America industrial sugar market is segmented into six notable segments based on type, source, form, packaging type, application, and distribution channel.
- On the basis of type, the market is segmented into white sugar, liquid sugar, brown sugar, and icing sugar
In 2023, the white sugar segment is expected to dominate the North America industrial sugar market
In 2023, the white sugar segment is expected to dominate the market with a 67.47% market share as most of the customers, such as food and beverage manufacturer and end user consumers prefer white sugar
- On the basis of source, the market is segmented into cane and beet. In 2023, the cane segment is expected to dominate the market with a 72.72% market share
- On the basis of form, the market is segmented into granulated, syrup, and powdered. In 2023, the granulated segment is expected to dominate the market with a 50.37% market share
- On the basis of packaging type, the market is segmented into sacks, bag, box, tote bags, and others. In 2023, the sacks segment is expected to dominate the market with a 33.62% market share
- On the basis of application, the market is segmented into food & beverages, pharmaceutical, dietary supplements, and others. In 2023, the food & beverages segment is expected to dominate the market with a 48.58% market share
- On the basis of distribution channel, the market is segmented into direct and indirect
In 2023, the direct segment is expected to dominate the North America industrial sugar market
In 2023, the direct segment is expected to dominate the market with a 62.61% market share as most of the B2B consumer prefers direct distribution from the manufacturer
Major Players
Data Bridge Market Research analyzes Südzucker AG (Germany), Associated British Foods plc (U.K.), Amalgamated Sugar (U.S.), Lantic Inc. (Canada), AMERICAN CRYSTAL SUGAR (U.S.) are the major players operating in the North America industrial sugar market.
Market Development
- In 2021, Snake River Sugar Company and The Amalgamated Sugar Company LLC merged to form Amalgamated Sugar Company, a grower-owned cooperative. This collaboration helped the organization foster innovation, expand resources, enhance expertise, and accelerate growth
Regional Analysis
Geographically, the countries covered in the North America industrial sugar market report are U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate and is the fastest-growing country in the North America industrial sugar market
U.S. is the dominating and fastest-growing country in the North America industrial sugar market due to its advanced industrial infrastructure, diversified applications in the food and beverage industry, and robust demand from various sectors.
For more detailed information about the North America industrial sugar market report, click here – https://www.databridgemarketresearch.com/reports/north-america-industrial-sugar-market
