Raw Beetroot Sugar Market Share, Size, Trends, Industry Analysis Report, By Product Type (Brown Sugar and Organic Sugar); By Application; By End User; By Region; Segment Forecast, 2023 – 2032
- Published Date:Aug-2023
- Pages: 118
- Format: PDF
- Report ID: PM3692
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global raw beetroot sugar market was valued at USD 4.86 billion in 2022 and is expected to grow at a CAGR of 4.28% during the forecast period.
The growing consumer demand for these type of sugar as a sweetener in the food & beverage industry, increased consumer disposable incomes and changing preferences towards their eating habits, and rapid rate of urbanization and globalization in countries like India, China, South Korea, and Indonesia, are among the major factors propelling the market growth.
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In addition, the large availability of suitable agricultural conditions for sugar beet cultivation and increasing investments by major companies to develop or innovate products with improved characteristics to cater the emerging trends and demand from consumers globally, is likely to foster the market over the years.
- For instance, in April 2023, BASF, announced the launch of its new and very effective fungicide named “Diadem” that offers several benefits including comprehensive and reliable diseases protection and also enables the active resistance management against several types of leaf diseases that harm the sugar beet crop.
Moreover, advancements in seed technology which have contributed to the development of high-yielding sugar beet varieties and higher penetration for the genitive engineering and selective breeding that exhibit improved resistance to diseases, pests, and environmental stress and have also helped to enhance the productivity and profitability of sugar beet farming globally, is likely to have a positive impact on the global raw beetroot sugar market.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the raw beetroot sugar market. The rapid spread of the deadly coronavirus across the globe has led to significant disruptions in the global supply chain and temporary closure of many manufacturing and processing facilities, due to imposed lockdown and other restrictions on trade activities during the pandemic.
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Industry Dynamics
Growth Drivers
Increasing demand for artificial sweeteners are fueling the market growth
The significant growth in the need and demand for natural and healthy sweeteners all over the world and rapidly surging product applications in the food processing industry coupled with the growing prevalence about the versatility of raw beetroot sugar, which makes it an attractive choice for manufacturers looking for a natural sweetener and ingredient are among the key factors boosting the demand and growth of the market at exponential pace.
Furthermore, increasing number of applications of raw beetroot sugar in the cosmetics or skincare products because of its high vitamin C content and popularity of product in other industries due to the presence of physicochemical, rheological, and nutritional elements, is further anticipated to drive market forward in the coming years. Beside this, researchers are exploring its potential in maintaining the healthy muscles, nerves, kidney, liver, and pancreatic functions, that will also offer lucrative growth opportunities over the years.
Report Segmentation
The market is primarily segmented based on product type, application, end user, and region.
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By Product Type |
By Application |
By End User |
By Region |
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By Product Type Analysis
Brown sugar segment accounted for the largest market share in 2022
Brown sugar held the largest share, on account of its widespread use in aiding platelet development and also to improve the blood circulation. Along with this, it has more additives compare to the traditional white sugar like calcium, magnesium, potassium, and iron among others and is being widely utilized to sweeten numerous types of prepared dishes, drinks, marinades, and sauces, thereby propelling the segment market growth.
The organic sugar segment is anticipated to grow at significant growth rate over the next coming years, mainly due to growing consumer demand and preferences for organic and healthier food & beverage products, as they are constantly becoming more health conscious and concerned about the various negative impacts of using pesticides, synthetic fertilizers, and genetically modified organisms in the food production. In addition, governments authorities and regulatory bodies have also established organic certifications and standards to support and regulate the organic food industry by making consumers aware regarding the potential benefits on organic products.
By Application Analysis
Beet processing industry segment held the significant market share in 2022
The beet processing industry segment held the maximum market share in terms of revenue in 2022, that is largely accelerated to continuous rise in the demand for processed products especially from countries like China, India, and Brazil and presence of favorable policies and incentive programs for beet processing industry. Along with this, advances in technology and process efficiency enhancing the productivity and profitability of the beet processing industry is generating new revenue opportunities for the market over the coming years.
The food & beverages segment is likely to exhibit fastest growth rate during the projected period, which is mainly driven by number of consumers prioritizing healthier food & beverage choices across the globe and surging adoption of vegan and vegetarian diets which has led to an increased demand for plant-based sweeteners like beetroots.
By End-User Analysis
Food processors segment is expected to witness highest growth during forecast period
The food processors segment is expected to grow at a healthy CAGR of XX% over the anticipated period, attributable to its growing use and number of applications in food processing industry because of the properties and presence of high number of vitamins, calcium, and iron. In addition, technological advancements in processing techniques such as extraction, purification, and refining, which allows the food processing industry to produce high-quality raw beetroot sugar efficiently and fueling the demand for beetroots at rapid pace.
Moreover, raw beetroot sugar offers several health benefits and a higher nutritional value compared to refined sugar, as it contains essential vitamins, minerals, and antioxidants and also a good source of dietary fiber. Thus, the food processing industry has recognized these advantages and utilizes raw beetroot sugar as a functional ingredient to enhance the nutritional profile of their products, which in turn, propelling the overall market growth.
Regional Insights
The North America region dominated the global market in 2022
The North America region dominated the global market with substantial market share in 2022, and is expected to maintain its dominance throughout the study period. The regional market growth can be mainly accelerated to rapid expansion in food & beverages industry, increasing preferences for natural and organic sweeteners among consumers, and surging innovations in the harvesting technologies. In addition, the growing number of people with dietary restrictions or specific preferences such as vegan or gluten-free diets, has further contributed to the demand for alternative sweeteners like raw beetroot sugar across the region.
The Asia Pacific region is anticipated to be the fastest growing region with a healthy growth rate over the estimated period, owing to rapid increase in the population that results in a drastic growth in customer base for various food & beverages products and changes in consumer living styles and preferences that led to higher consumption of processed foods and sweetened products along with the availability of favorable climatic condition for beetroot cultivation in countries like China, India, & Indonesia.
Key Market Players & Competitive Insights
The beetroot sugar market is fragmented and is anticipated to witness competition due to several players' presence. Major players in the market are constantly extending their product lines to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- Agrana Zucker
- Amalgamated Sugar
- American Crystal Sugar Company
- British Sugar
- Michigan Sugar Company
- Nippon Beet Sugar Manufacturing
- Nordic Sugar
- Rana Sugar
- Renuka Beet Sugar
- Sidney Sugars
- Southern Minnesota Beet Sugar Cooperative
- Spreckals Sugar Company
- Syngenta
- Tereos
- Western Sugar Cooperative
Recent Developments
- In December 2022, Cosun Beet Company, announced the launch of its new ingredient during the Europe trade fair in Paris called “Fidesse”, which is a new innovative and highly functional ingredient for the meat substitutes. It has a neutral taste and color and provide the exactly right texture and juiciness, which allow it to be used in wide range of products from different applications.
- In July 2022, Vasantdata Sugar Institute, announced that they have entered into a collaborative project with the Swiss agro major Syngenta, with an aim to focus on producing sugar from sugar beet. Under this project, Syngenta will be providing imported sugar beet seeds to around 40 factories that will be planted at the guntha plot.
Raw Beetroot Sugar Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 4.98 billion |
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Revenue forecast in 2032 |
USD 7.26 billion |
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CAGR |
4.28% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Product Type, By Application, By End User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Michigan Sugar Company, Amalgamated Sugar, Rana Sugar Ltd., Tereos, Nordic Sugar A/S, Nippon Beet Sugar Manufacturing, British Sugar Plc, American Crystal Sugar Company, Agrana Zucker, Renuka Beet Sugar, Syngeta, Sidney Sugars Incorporated, The Western Sugar Cooperative, Southern Minnesota Beet Sugar Cooperative, and Spreckals Sugar Company. |
FAQ's
The global raw beetroot sugar market size is expected to reach USD 7.26 billion by 2032.
Key players in the raw beetroot sugar market are Michigan Sugar Company, Amalgamated Sugar, Rana Sugar Ltd., Tereos.
North America contribute notably towards the global raw beetroot sugar market.
The global raw beetroot sugar market is expected to grow at a CAGR of 4.28% during the forecast period.
The raw beetroot sugar market report covering key segments are product type, application, end user, and region.
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