Organic Sugar Market Size, Restraints, Portfolio, and Forecast 2032
Organic Sugar Market Overview
The organic Sugar Market is estimated to
be worth 3.13 billion by 2032. It is also expected that the market will achieve
a CAGR of 14.89% from 2023 to 2032.
The organic
sugar Market size is on the rise as other organically grown products. This
is because the nutritious level of organic sugar is higher than the usual
packaged ones. However, they are priced higher due to their nutritious
qualities, restricting the market in many developing nations.
Although, it has higher opportunities owing to
changing lifestyles. It aligns with the health-conscious diets of many people.
Organic sugar is made from sugarcane or sugar beet, used to manufacture organic
sugar. The use of synthetic herbicides is not done, while sugarcane or beet is
grown organically.
People like gym-going, fitness freaks, and
people with diabetes consume organic sugar as they have a lower calorie count.
Key players
Major players in the Organic Sugar market,
includingTereos S.A. (France), Südzucker AG (Germany), Pronatec AG
(Switzerland), Jalles Machado S/A (Brazil), Cosan Ltd. (Brazil), Nordzucker AG
(Germany), Bunge Limited (US), Lexem India Pvt. Ltd. (India), LOC Industries,
Inc. (US), Azucarera La Felsina S.A. (Paraguay)., and others
Market Segmentation
The segmentation of the organic
sugar market overview is subdivided into source and application. By source,
it is subdivided into sugarcane and sugar beet. The growth of crystal sugar is
high. Hence, both sources of procurement will encounter higher sales
opportunities.
The growth of health-conscious people,
along with an increase in diabetic patients. The massive customer preference in
global contexts is owing to health issues and increasing damage from inorganic
production.
The basis of application includes bakery
and confectionaries, beverages, dairy & frozen, sweet and savoury. Both
segments are expected to witness organic growth as the health benefits of
organic sugar.
In recent years, there has been a surge in
demand for beverages and food products that have been produced naturally.
However, the sales of organic sugar will be hampered in a lower socio-economic
environment due to higher prices than inorganically manufactured sugars.
Regional Classification
The regional classification for Organic
Sugar Market would include North and South America, Europe, Asia, and Africa.
Asia – Pacific is expected to encounter high growth as developing regions in
these areas have large sugarcane and sugar beet farms. In contexts of
consumption, the US is expected to contribute highly to the growth of the
Organic Sugar Market. In Europe, like the US, consumption is expected to rise
as people with obesity are high. This will increase the market opportunity for
manufacturers and producers.
The Organic Sugar Market is highly
competitive with many key players like Tereos, Sudzucker AG, Pronatec AG,
Jalles Machado and others. Moreover, the companies belong to different nations;
hence, global growth opportunities will be noticed.
Industry News
The organic Sugar Market has witnessed high
growth and development, including mergers and acquisitions. In addition, the
companies operating in this industry are developing newer product lines. For
example, Wana Brands are replacing fructose syrups with that tapioca to embed
edible products with organic options.
Since tapioca and other types of
alternatives are higher in price, enhancing the overall price. Although, the
changing lifestyles and adoption of organic sugar will increase in the future.
The main driver of the industry will be a nutritional benefit, as it is free
from chemical fertilisers, which will provide impetus to produce and
manufacture organic sugar.
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