Global Organic Sugar Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, Global organic sugar Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global organic sugar market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Organic sugar is formed from the sugarcane which is grown without using any herbicides or pesticides. It is more natural in nature and contains more molasses in comparison to white sugar. It is brown and slightly darker in color.
Sugarcane crop is increasingly sprayed with harmful pesticides and chemicals during growing stage to protect crops from various pests and weeds. These pesticides can cause severe health issues among consumers. However, organic farming of sugarcane eliminates the risk of use of harmful pesticides. Hence, lack of pesticides is another key factor spiking the demand for organic sugar. Rising population of consumers adopting organic food consumption trends is one of the factors which are driving the market. Furthermore diverse application for organic sugar in various industries is another driver. Rise in the disposable income along with the population leading to this market growth. Organic sugar retains all the ingredients glucose, fructose, and sucrose which add nutrition value to raw sugar adding to it organic sugar has amino acids and essential minerals.
This market will have a scope of immense growth as there is no as such a big retraining factor which is hampering the market apart from its high price. Opportunities are high because of increasing awareness among the people about the health. Increase in demand of ready to eat food and with all the nutritional value retained is leading the market towards big opportunities.
Segmentation is done on the basis of application which includes food and beverage industry in which the demand of low saturated fat is growing as helps to maintain your health, pharmaceutical, cosmetic industry which demands hygiene for producing sugar coated wax and facial scrubber, plastic manufacturer requires cane sugar wax for manufacturing of plastic products, and candle manufacturer. On the basis of type it is segmented as organic (raw), of artificial sugar.
The study of the market consists of North America, Europe, Asia Pacific, and LAMEA. APEJ is going to witness a substantial growth in this market and the food processing units will be giving revenues to the market rather than the end users, means B to B sectors is going to see the growth. Latin America which includes Brazil will hold the market prominently as Brazil being the large producer of organic sugar. Majority of the market is concentrated in Ecuador, Paraguay it exports mostly to USA, and then Colombia are few countries favouring the market.
Key players: Cargill Inc., Archer Daniels Midland Company, Tereos Internacional S.A., Sudzucker AG, Tongaat Hulett Sugar South Africa Limited, Associated British Foods plc, E.I.D.-Parry (India) Limited, Shree Renuka Sugars Limited, Louis Dreyfus Company B.V., and Raizen S.A.
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