North America Industrial Sugar Market, By 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) - Industry Trends and Forecast to 2030.
North America Industrial Sugar Market Analysis and Size
The North America industrial sugar market is being driven by increasing use of industrial sugar in drinks around the globe along with expansion of food processing industry. Also, rapid growth in the confectionary sector is likely to fuel the market's growth. In addition, the increasing adoption use of bio-fuel for production of sugar will open up more business potential for industrial sugar market in the forecast period of 2023 to 2030.
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.
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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, Michigan Sugar Company, Amalgamated Sugar., Associated British Foods, Lantic Inc., and AMERICAN CRYSTAL SUGAR, among others
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Market Definition
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. Its versatile properties and wide range of applications make it an essential ingredient in a variety of industries, fueling a thriving industrial sugar market.
North America Industrial Sugar Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail below:
Drivers
- Increasing Food and Beverages Consumption
Sugary drink consumption has risen as a result of rapid urbanization, which has increased the North America 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, cordial, 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.
Furthermore, the North America industrial sugar market has grown significantly in recent years, owing primarily to the increased use of industrial sugar in the beverage industry. Industrial sugar, derived from sugar cane or sugar beet, is used to sweeten a variety of beverages, including carbonated soft drinks, energy drinks, fruit juices, and ready-to-drink beverages. However, emerging economies, such as China, India, and Brazil, have witnessed a surge in beverage consumption due to factors such as rising disposable incomes and urbanization. As these markets expand, there is a corresponding increase in the use of industrial sugar in drinks to cater to the growing consumer demand. Thus, the increasing food and beverage consumption is expected to drive market growth.
- Increasing Adoption of Bio-Fuel for the Production of Industrial Sugar
The use of biofuels in the manufacturing process is undergoing a significant shift in the market. Biofuels are a sustainable replacement for fossil fuels because they are made from renewable resources such as sugarcane bagasse and beet pulp. The expanding food processing, confectionery, and beverage industries are driving up demand for industrial sugar. Traditionally, the machinery and equipment used in the production of sugar have been powered by fossil fuels. But the industry is moving toward the use of biofuels as sustainability and lowering carbon emissions become more important.
The growing emphasis on renewable energy and sustainability has prompted governments to implement incentives and support mechanisms for biofuel production. Industrial sugar producers can capitalize on these opportunities by collaborating with government agencies and accessing funding programs to facilitate the use of biofuels in their operations. The growing use of biofuels in the production of industrial sugar represents a significant opportunity for market growth. Industrial sugar manufacturers are shifting from fossil fuels to biofuels due to environmental sustainability, regulatory support, and cost efficiency. Industrial sugar producers can benefit from government incentives, enhanced brand image, and market differentiation. Market trends, such as the incorporation of bio-refineries and ongoing R&D, contribute to the expansion and sustainability of biofuel utilization.
As a result, it is expected that the increased use of biofuel in the production of industrial sugar is expected to drive market growth.
Restraint/Challenge
- Availability of Substitutes and Alternatives
The North America industrial sugar market is increasingly adopting substitutes and alternatives. This shift is being driven by a variety of factors, including shifting consumer preferences, health concerns, sustainability concerns, and regulatory changes. Sugar cane and sugar beet have traditionally been the primary sugar sources in the industrial sugar market. However, changing market dynamics and consumer demands have prompted the exploration and use of substitutes and alternatives to traditional industrial sugar.
Opportunity
- Increasing Demand for Natural and Organic Sweeteners
The worldwide industrial sugar industry is experiencing tremendous growth as a result of technological developments in sugar processing. As the demand for sugar continues to climb, manufacturers are looking into new technologies and methods to increase efficiency, improve quality, and meet consumers' changing expectations. Sugar processing traditionally relies on conventional methods such as milling, purification, and crystallization. However, advancements in technology have revolutionized the industry, introducing new techniques and equipment that streamline production, optimize resource utilization, and enhance product quality. These advancements are reshaping the North America industrial sugar market and creating opportunities for manufacturers to stay competitive in a rapidly changing landscape.
Sugar refineries are becoming intelligent factories, thanks to digitalization. Real-time data gathering, analysis, and remote monitoring are made possible by the deployment of sensors, Internet of Things (IoT) gadgets, and cloud-based platforms. This supply chain integration is made possible by digital transformation, which also increases operational effectiveness and makes predictive maintenance easier. The technological advancements in sugar processing have significant prospects for the industrial sugar sector.
Hence, the key market players are exploring opportunities to develop advancements in production technologies and launching new innovative products, thus offering a wide opportunity for market growth.
Recent Development
- In 2023, 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
North America Industrial Sugar Market Scope
The North America industrial sugar market is segmented into six notable segments based on type, source, form, packaging type, application, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- White Sugar
- Liquid Sugar
- Brown Sugar
- Icing Sugar
On the basis of type, the market is segmented into white sugar, liquid sugar, brown sugar, and icing sugar.
Source
- Cane
- Beet
On the basis of source, the market is segmented into cane and beet.
Form
- Granulated
- Syrup
- Powdered
On the basis of form, the market is segmented into granulated, syrup, and powdered.
Packaging Type
- Sacks
- Bag
- Box
- Tote Bags
- Others
On the basis of packaging type, the market is segmented into sacks, bag, box, tote bags, and others.
Application
- Food & Beverages
- Pharmaceutical
- Dietary Supplements
- Others
On the basis of application, the market is segmented into food & beverages, pharmaceutical, dietary supplements, and others.
Distribution Channel
- Direct
- Indirect
On the basis of distribution channel, the market is segmented into direct and indirect.
North America Industrial Sugar Market Regional Analysis/Insights
The North America industrial sugar market is analyzed and market size insights and trends are provided by country, type, source, form, packaging type, application, and distribution channel, as referenced above.
The countries covered in the North America industrial sugar market report are U.S., Canada, and Mexico.
The U.S. is expected to dominate in the North America industrial sugar market due to large production, easy availability of products, and increase in customer base.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Industrial Sugar Market Share Analysis
The North America industrial sugar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the North America industrial sugar market.
Some of the major players operating in the North America industrial sugar market are Südzucker AG, Michigan Sugar Company, Amalgamated Sugar., Associated British Foods, Lantic Inc., and AMERICAN CRYSTAL SUGAR, among others.
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