Asia Pacific Industrial Sugar Market - Industry Trends and Forecast to 2030
Asia-Pacific industrial sugar market is expected to reach USD 24,825.11 million by 2030 from USD 18,769.01 million in 2022, growing at a CAGR of 3.6% during the forecast period of 2023 to 2030.
Market Segmentation
Asia-Pacific 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), Country (India, China, Thaiand, Australia and New Zealand, Indonesia, Vietnam, Philippines, Malaysia, Japan, South Korea, Singapore, Taiwan, and Rest of Asia-Pacifc) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Industrial Sugar Market Dynamics
Driver
• Growth in the confectionery sector
Restraint
• Water environmental concerns
Opportunity
• Increasing demand for natural and organic sweeteners
Market Players
Some of the key market players operating in the Asia-Pacific industrial sugar market are:
• Bajaj Hindusthan Sugar Ltd.
• Balrampur Chini Mills Limited
• Shree Renuka Sugars Ltd
• RANA GROUP
• Südzucker AG
• Associated British Foods plc
• Mitr Phol Group
• Rajshree Sugars & Chemicals Limited (RSCL)
• Ragus Sugars Manufacturing Ltd.
• Upper Ganges Sugar & Industries Limited